Registration number: 14916874

Ptunstill Ltd

Contents

Abridged Balance Sheet	1 to 2
Notes to the Unaudited Abridged Financial Statements	3 to 5

Ptunstill Ltd

(Registration number: 14916874)
Abridged Balance Sheet as at 31 May 2026

	Note	2026 £	(As restated) 2025 £
Fixed assets
Tangible assets	4	9,428	9,141
Investment property	5	556,127	556,127
Other financial assets	6	22,460	22,460
		588,015	587,728
Current assets
Debtors		8,905	3,200
Cash at bank and in hand		189,489	60,756
		198,394	63,956
Creditors: Amounts falling due within one year		(328,696)	(384,554)
Net current liabilities		(130,302)	(320,598)
Total assets less current liabilities		457,713	267,130
Provisions for liabilities		-	2,180
Net assets		457,713	269,310
Capital and reserves
Called up share capital		100	100
Profit and loss account		457,613	269,210
Total equity		457,713	269,310

For the financial year ending 31 May 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
	The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

All of the Company’s members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

Ptunstill Ltd

(Registration number: 14916874)
Abridged Balance Sheet as at 31 May 2026

Approved and authorised by the director on 21 August 2027
 

Mrs P Tunstill

Director

Ptunstill Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 May 2026

1	General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
Calyx House
South Road
Taunton
TA1 3DU

These financial statements were authorised for issue by the director on 21 August 2027.

2	Accounting policies

Statement of compliance

These abridged financial statements were prepared in accordance with Financial Reporting Standard 102 Section 1A 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

These financial statements have been prepared on a going concern basis. Of the company's current liabilities at 31 May 2026, an amount is owed to the directors, who has agreed to continue to support the company and not to demand repayment of the amount to the extent that any such repayment would jeopardise the future of the company.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the rental of properties in the ordinary course of the company’s activities.

The company recognises revenue when the amount of revenue can be reliably measured, it is probable the future economic benefits will flow into the entity, and specific criteria have been met for each of the company activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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

Deferred tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Ptunstill Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 May 2026

Asset class	Depreciation method and rate
Freehold Property	2% Straight Line
Fixtures & Fittings	25% Straight Line

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2025 - 1).

4	Tangible assets

	Total £
Cost or valuation
At 1 June 2025	12,188
Additions	4,445
At 31 May 2026	16,633
Depreciation
At 1 June 2025	3,047
Charge for the year	4,158
At 31 May 2026	7,205
Carrying amount
At 31 May 2026	9,428
At 31 May 2025	9,141

Included within the net book value of land and buildings above is £Nil (2025 - £Nil) in respect of freehold land and buildings.
 

5	Investment properties

	2026 £
At 1 June	556,127
At 31 May	556,127

There has been no valuation of investment property by an independent valuer.

Ptunstill Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 May 2026

6	Other financial assets (current and non-current)

	Total £
Non-current financial assets
Cost or valuation
At 1 June 2025	22,460
At 31 May 2026	22,460
Carrying amount
At 31 May 2026	22,460