REGISTERED NUMBER: 02204544 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

FOR

PUTSBOROUGH APARTMENTS LIMITED

Page

Balance Sheet

1

Notes to the Financial Statements

3

CURRENT ASSETS

Debtors

4

1,493

827

Cash at bank

98,046

97,167

99,539

97,994

CREDITORS

Amounts falling due within one year

5

37,295

48,379

NET CURRENT ASSETS

62,244

49,615

TOTAL ASSETS LESS CURRENT LIABILITIES

62,244

49,615

RESERVES

Retained earnings

6

62,244

49,615

62,244

49,615

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

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 13 November 2025 and were signed on its behalf by:

P J Griffin - Director

1.	STATUTORY INFORMATION

Putsborough Apartments Limited is a private company, limited by guarantee , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

02204544

Registered office:

Grenville House

9 Boutport Street

Barnstaple

Devon

EX31 1TZ

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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Taxation

Due to its mutual trading status, the company is not liable to Corporation Tax on its trading activities and the only liability arises on the company's investment income.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

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

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

500

-

Other debtors

993

827

1,493

827

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

600

-

Taxation and social security

133

137

Other creditors

36,562

48,242

37,295

48,379

Included in other creditors is £33,441 (2024 £39,143) which represents money owed by Putsborough Apartments Limited to Putsborough Pool Limited, a company under common control.

6.

RESERVES

Retained

earnings

£

At 1 September 2024

49,615

Profit for the year

12,629

At 31 August 2025

62,244

7.	RELATED PARTY DISCLOSURES

The directors of this company are also the directors of Putsborough Pool Limited, a company registered in England.

The directors own properties at Clifton Court and receive an 11% discount on management fees.