REGISTERED NUMBER: 02056073 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2025

FOR

T.W. & A. PULLIN LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr A Pullin

Mrs J A Kendall

SECRETARY:

Mrs J A Kendall

REGISTERED OFFICE:

Unit 3-4 Daltongate Business Centre

Ulverston

Cumbria

LA12 7AJ

REGISTERED NUMBER:

02056073 (England and Wales)

ACCOUNTANTS:

J F Hornby & Co

Chartered Accountants

The Tower

Daltongate Business Centre

Daltongate

Ulverston

Cumbria

LA12 7AJ

BANKERS:

Bank of Scotland plc

600 Gorgie Road

Edinburgh

EH11 3XP

FIXED ASSETS

Tangible assets

4

1,134,218

1,351,253

CURRENT ASSETS

Debtors

3,500

3,500

Cash at bank

144,302

280,303

147,802

283,803

CREDITORS

Amounts falling due within one year

139,764

54,826

NET CURRENT ASSETS

8,038

228,977

TOTAL ASSETS LESS CURRENT LIABILITIES

1,142,256

1,580,230

CREDITORS

Amounts falling due after more than one year

(5,853

)

(135,890

)

PROVISIONS FOR LIABILITIES

(7,930

)

(6,506

)

NET ASSETS

1,128,473

1,437,834

CAPITAL AND RESERVES

Called up share capital

5

40,003

40,000

Revaluation reserve

382,984

420,258

Retained earnings

705,486

977,576

SHAREHOLDERS' FUNDS

1,128,473

1,437,834

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 October 2025 in accordance with Section 444(2A) of the Companies Act 2006.

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 Board of Directors and authorised for issue on 15 May 2026 and were signed on its behalf by:

Mrs J A Kendall - Director

Mr A Pullin - Director

1.	STATUTORY INFORMATION

T.W. & A. Pullin Limited 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 (£).

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 as modified by the revaluation of certain assets.

Turnover

Turnover represents net invoiced rental income as adjusted for accrued income, excluding VAT.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

-

not provided

Investment properties

-

not provided

Plant and machinery

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on reducing balance

Freehold property has not been depreciated which is a departure from the Financial Reporting Standard 102 and from the Companies Act 2006. In the opinion of the directors the market value of the freehold properties exceeds cost.

The company's investment properties are held for long-term investment and are included in the Balance Sheet at open market value. The surpluses or deficits on revaluation of investment properties are transferred to the investment property revaluation reserve. Depreciation is not provided in respect of investment properties which is a departure from the Financial Reporting Standard 102 and from the Companies Act 2006.

The directors consider that their policy is necessary in order that the Financial Statements give a true and fair view. Current values and changes in current values are of prime importance rather than the calculation of systematic annual depreciation.

Rental income

Rental income in recognised in the profit and loss on the accruals basis.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST OR VALUATION

At 1 November 2024

1,385,624

Additions

29,416

Disposals

(169,140

)

Impairments

(72,728

)

At 31 October 2025

1,173,172

DEPRECIATION

At 1 November 2024

34,371

Charge for year

10,574

Eliminated on disposal

(5,991

)

At 31 October 2025

38,954

NET BOOK VALUE

At 31 October 2025

1,134,218

At 31 October 2024

1,351,253

Freehold property has not been depreciated which is a departure from Financial Reporting Standard 102 and from the Companies Act 2006. In the opinion of the directors the market value of the freehold properties exceeds cost.

All of the company's investment properties are held for long-term investment and are included in the Balance Sheet at open market value. The surpluses or deficits on revaluation of freehold properties are transferred to the investment property revaluation reserve which is a departure from Financial Reporting Standard 102.

The directors consider that their policy is necessary in order that the Financial Statements give a true and fair view. Current values and changes in current values are of prime importance rather than the calculation of systematic annual depreciation.

Cost or valuation at 31 October 2025 is represented by:

Totals

£

Valuation in 2017

555,484

Valuation in 2019

(50,000

)

Valuation in 2022

(122,500

)

Cost

790,188

1,173,172

If investment properties had not been revalued they would have been included at the following historical cost:

31.10.25

31.10.24

£

£

Cost

719,516

844,242

Investment properties were valued on an open market basis on 31 October 2025 by the directors .

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.10.25

31.10.24

value:

£

£

14,230

A ordinary

£1

14,230

14,230

14,230

B ordinary

£1

14,230

14,230

5,770

C ordinary

£1

5,770

5,770

5,770

D ordinary

£1

5,770

5,770

1

A Dividend

£1

1

-

1

B Dividend

£1

1

-

1

C Dividend

£1

1

-

40,003

40,000

The following shares were issued during the year for cash at par :

1 A Dividend share of £1

1 B Dividend share of £1

1 C Dividend share of £1

6.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 October 2025 and 31 October 2024:

31.10.25

31.10.24

£

£

Mr A Pullin

Balance outstanding at start of year

(462

)

-

Amounts advanced

59,224

36,817

Amounts repaid

(162,632

)

(37,279

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(103,870

)

(462

)

7.	ULTIMATE CONTROLLING PARTY

The company is controlled by Mr A Pullin and Mrs J Kendall