Registration number: 08577106

Cattail Ventures Ltd

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 8

Cattail Ventures Ltd

Company Information

Directors

Mr Anthony Payne-Neale Mrs Pauline Payne-Neale

Registered office

42a Walnut Road Chelston Torquay Devon TQ2 6HS

Accountants

Neil Wilson & Co Bank Chambers 260-262 Union Street Torquay Devon TQ2 5QU

Cattail Ventures Ltd

(Registration number: 08577106)
Balance Sheet as at 28 February 2026

	Note	2026 £	2025 £
Fixed assets
Intangible assets	4	1	1
Tangible assets	5	4,341	5,244
		4,342	5,245
Current assets
Debtors	6	1,175	473
Cash at bank and in hand		107,924	120,020
		109,099	120,493
Creditors: Amounts falling due within one year	7	(155,977)	(162,180)
Net current liabilities		(46,878)	(41,687)
Net liabilities		(42,536)	(36,442)
Capital and reserves
Called up share capital	8	2	2
Retained earnings		(42,538)	(36,444)
Shareholders' deficit		(42,536)	(36,442)

For the financial year ending 28 February 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	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 directors acknowledge their 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 24 September 2026 and signed on its behalf by:
 

......................................... Mr Anthony Payne-Neale Director

Cattail Ventures Ltd

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2026

1	General information

The company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
42a Walnut Road
Chelston
Torquay
Devon
TQ2 6HS
United Kingdom

These financial statements were authorised for issue by the Board on 24 September 2026.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These 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.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current 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 income 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.

Cattail Ventures Ltd

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2026

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

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:

Asset class	Depreciation method and rate
Furniture and fittings	25% reducing balance
Office equipment	25% reducing balance
Other property, plant and equipment	25% reducing balance

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Amortisation method and rate
Goodwill	25% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Cattail Ventures Ltd

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2026

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Current versus non-current classification

I

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2025 - 2).

Cattail Ventures Ltd

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2026

4	Intangible assets

	Goodwill  £	Trademarks, patents and licenses  £	Total £
Cost or valuation
At 1 March 2025	63,000	2,000	65,000
At 28 February 2026	63,000	2,000	65,000
Amortisation
At 1 March 2025	62,999	2,000	64,999
At 28 February 2026	62,999	2,000	64,999
Carrying amount
At 28 February 2026	1	-	1
At 28 February 2025	1	-	1

5	Tangible assets

	Land and buildings £	Furniture, fittings and equipment  £	Total £
Cost or valuation
At 1 March 2025	71,530	47,247	118,777
Additions	-	544	544
At 28 February 2026	71,530	47,791	119,321
Depreciation
At 1 March 2025	68,742	44,791	113,533
Charge for the year	697	750	1,447
At 28 February 2026	69,439	45,541	114,980
Carrying amount
At 28 February 2026	2,091	2,250	4,341
At 28 February 2025	2,788	2,456	5,244

Included within the net book value of land and buildings above is £2,091 (2025 - £2,788) in respect of long leasehold land and buildings.
 

Cattail Ventures Ltd

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2026

6

Debtors

Current	2026 £	2025 £
Prepayments	366	473
Other debtors	809	-
	1,175	473

7

Creditors

Creditors: amounts falling due within one year

	2026 £	2025 £
Due within one year
Taxation and social security	565	951
Accruals and deferred income	1,300	1,125
Other creditors	154,112	160,104
	155,977	162,180

8	Share capital

Allotted, called up and fully paid shares

	2026		2025
	No.	£	No.	£
Ordinary Share of £1 each	2	2	2	2

9

Dividends

10	Related party transactions

Transactions with directors

2026	At 1 March 2025 £	Advances to director £	At 28 February 2026 £
Mr Anthony Payne-Neale
loans from directors	(160,104)	5,992	(154,112)

Cattail Ventures Ltd

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2026

2025	At 1 March 2024 £	Advances to director £	Repayments by director £	At 28 February 2025 £
Mr Anthony Payne-Neale
loans from directors	(163,968)	7,765	(3,901)	(160,104)

Directors' remuneration

The directors' remuneration for the year was as follows:

	2026 £	2025 £
Remuneration	15,220	15,880