IRIS Accounts Production v26.1.10.61 13325596 director 31.3.24 29.3.25 29.3.25 false true false false true false iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 13325596 2024-03-30 13325596 2025-03-29 13325596 2024-03-31 2025-03-29 13325596 2023-03-31 13325596 2023-04-01 2024-03-30 13325596 2024-03-30 13325596 ns15:EnglandWales 2024-03-31 2025-03-29 13325596 ns14:PoundSterling 2024-03-31 2025-03-29 13325596 ns10:Director1 2024-03-31 2025-03-29 13325596 ns10:PrivateLimitedCompanyLtd 2024-03-31 2025-03-29 13325596 ns10:SmallEntities 2024-03-31 2025-03-29 13325596 ns10:AuditExempt-NoAccountantsReport 2024-03-31 2025-03-29 13325596 ns10:SmallCompaniesRegimeForDirectorsReport 2024-03-31 2025-03-29 13325596 ns10:SmallCompaniesRegimeForAccounts 2024-03-31 2025-03-29 13325596 ns10:FullAccounts 2024-03-31 2025-03-29 13325596 ns10:RegisteredOffice 2024-03-31 2025-03-29 13325596 ns5:CurrentFinancialInstruments 2025-03-29 13325596 ns5:CurrentFinancialInstruments 2024-03-30 13325596 ns5:ShareCapital 2025-03-29 13325596 ns5:ShareCapital 2024-03-30 13325596 ns5:RetainedEarningsAccumulatedLosses 2025-03-29 13325596 ns5:RetainedEarningsAccumulatedLosses 2024-03-30 13325596 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2025-03-29 13325596 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-03-30 13325596 ns5:RetainedEarningsAccumulatedLosses 2024-03-30 13325596 ns5:RetainedEarningsAccumulatedLosses 2024-03-31 2025-03-29

REGISTERED NUMBER: 13325596 (England and Wales)

| Unaudited Financial Statements |

| for the Period 31 March 2024 to 29 March 2025 |

| for |

| Putt Ip Ltd |

| Putt Ip Ltd (Registered number: 13325596) |

Contents of the Financial Statements

for the Period 31 March 2024 to 29 March 2025

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 3 |

| Putt Ip Ltd |

Company Information

for the Period 31 March 2024 to 29 March 2025

| DIRECTOR: | R J Beese

| REGISTERED OFFICE: | 3 Sheen Road

| Richmond Upon Thames

| TW9 1AD

| REGISTERED NUMBER: | 13325596 (England and Wales)

| ACCOUNTANTS: | Richmond Accounting & Advisory Ltd

| 3 Sheen Road

| Richmond upon Thames

| Richmond

| Surrey

| TW9 1AD

| Putt Ip Ltd (Registered number: 13325596) |

Balance Sheet

29 March 2025

| 2025 |  | 2024

| Notes | £ | £ |

Current assets

Debtors | 4 | 21,544 |  | 21,600 |  |

Creditors

Amounts falling due within one year | 5 | (16,104 | ) | (14,597 | ) |

Net current assets | 5,440 |  | 7,003 |  |

Total assets less current liabilities | 5,440 |  | 7,003 |  |

Capital and reserves

Called up share capital | 10,000 |  | 10,000 |  |

Retained earnings | 6 | (4,560 | ) | (2,997 | ) |

5,440 |  | 7,003 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 29 March 2025.

The members have not required the company to obtain an audit of its financial statements for the period ended 29 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Profit And Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 March 2026 and were signed by:

R J Beese - Director

| Putt Ip Ltd (Registered number: 13325596) |

Notes to the Financial Statements

for the Period 31 March 2024 to 29 March 2025

1. | STATUTORY INFORMATION

| Putt Ip Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

| The presentation currency of the financial statements is the Pound Sterling (£).

| The Company's principal activity is that of the development and ownership of intellectual property which is licensed for use by entities trading as Putt Putt Noodle.

2. | ACCOUNTING POLICIES

| BASIS OF PREPARING THE FINANCIAL STATEMENTS

| These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

| CURRENT AND DEFERRED TAXATION

| The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

| The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

| Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:

| - The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and

| - Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

| Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

| PENSIONS

| Defined contribution pension plan

| The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

| The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

| Putt Ip Ltd (Registered number: 13325596) |

Notes to the Financial Statements - continued

for the Period 31 March 2024 to 29 March 2025

2. | ACCOUNTING POLICIES - continued

| GOING CONCERN

| The director has, at the time of approving the financial statements, a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they adopt a going concern basis of accounting in preparing the financial statements. The director has considered a period of 12 months from the balance sheet date.

| FINANCE COST

| Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

| DEBTORS

| Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

| CREDITORS

| Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

| PROVISIONS FOR LIABILITIES

| Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.

| Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.

| Increases in provisions are generally charged as an expense to profit or loss.

| EXCEPTIONAL ITEMS

| Exceptional items are transactions that fall within the ordinary activities of the Company but are presented separately due to their size or incidence.

| RESTATE

| Previous year figures have been restated/reclassed/regrouped wherever necessary.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the period was 1 (2024 - 1 ) .

4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Amounts owed by group undertakings | 21,289 |  | 21,600 |  |

| Other debtors | 255 |  | - |  |

21,544 |  | 21,600 |  |

| Putt Ip Ltd (Registered number: 13325596) |

Notes to the Financial Statements - continued

for the Period 31 March 2024 to 29 March 2025

5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Trade creditors | 1,640 |  | 409 |  |

| Amounts owed to group undertakings | 12,977 |  | 12,701 |  |

| Other creditors | 1,487 |  | 1,487 |  |

16,104 |  | 14,597 |  |

6. | RESERVES

| Retained

| earnings

£ |

| At 31 March 2024 | (2,997 | ) |

| Deficit for the period | (1,563 | ) |

| At 29 March 2025 | (4,560 | ) |

7. | PENSION COMMITMENTS

| The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to Nil (2024 - Nil). Contributions totalling Nil (2024 - Nil) were payable to the fund at the balance sheet date and are included in creditors.

8. | ULTIMATE CONTROLLING PARTY

| The immediate and ultimate parent company is MFT Capital Ltd, a company incorporated and registered in England and Wales. The Address of the ultimate parent company's registered office is 3 Sheen Road, Richmond Upon Thames, England, TW9 1AD.

| The director considers MFT Capital Ltd, a company incorporated in England and Wales, to be the controlling party of the Company. The results of the Company are shown within the Consolidated Financial Statements of MFT Capital Ltd. Copies of the Group accounts are available from Companies House, Crown Way, Cardiff, CF14 3UZ.