Company No: 08325609 (England and Wales)

Contents

• Company Information
• Statement of Financial Position
• Notes to the Unaudited Financial Statements

DIRECTOR	Graham Perkes
REGISTERED OFFICE	Century House
	Nicholson Road
	Torquay
	Devon
	England TQ2 7TD
	United Kingdom
COMPANY NUMBER	08325609(England and Wales)
CHARTERED ACCOUNTANTS	Bishop Fleming LLP
	Century House
	Nicholson Road
	Torquay
	TQ2 7TD

		2020		2019
	Note	£		£
Current assets
Debtors	3	439		871
Cash at bank and in hand		3,297		3,033
		3,736		3,904
Creditors
Amounts falling due within one year	4	( 3,813)		( 3,457)
Net current (liabilities)/assets		(77)		447
Total assets less current liabilities		(77)		447
Net (liabilities)/assets		( 77)		447
Capital and reserves
Called-up share capital	5	2		2
Share premium account		998		998
Profit and loss account		( 1,077 )		( 553 )
Total shareholder's (deficit)/funds		( 77)		447

For the financial year ending 31 December 2020 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

• The member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Pump Street Management Limited (registered number: 08325609) were approved and authorised for issue by the Director on 14 June 2021. They were signed on its behalf by:

Graham Perkes Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year.

General information and basis of accounting

Pump Street Management Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in the United Kingdom. The address of the Company's registered office is Century House, Nicholson Road, Torquay, Devon, England TQ2 7TD.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council.

The functional currency of Pump Street Management Limited is considered to be pounds sterling because that is the currency of the primary economic environment in which the Company operates.

Going concern

The director has assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The director has a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable. Where a contract has only been partially completed at the Statement of Financial Position date turnover represents the fair value of the service provided to date based on the stage of completion of the contract activity at the Statement of Financial Position date. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial in such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

2. Employees

	2020		2019
	Number		Number
Monthly average number of persons employed by the Company during the year, including director	1		1

3. Debtors

	2020		2019
	£		£
Trade debtors	0		378
Other debtors	439		493
	439		871

4. Creditors: amounts falling due within one year

	2020		2019
	£		£
Trade creditors	478		72
Amounts owed to Parent undertakings	2,135		2,135
Other creditors	1,200		1,200
Corporation tax	0		50
	3,813		3,457

5. Called-up share capital

	2020		2019
	£		£
Allotted, called-up and fully-paid
2 Ordinary A shares of £ 1.00 each	2		2