| Pudding Bag Leasing Limited |
|
| Report to the directors on the preparation of the unaudited abbreviated accounts of Pudding Bag Leasing Limited for the year ended 31 March 2014 |
| In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the abbreviated financial statements of Pudding Bag Leasing Limited for the year ended 31 March 2014 which comprise of the balance sheet and the related notes from the company’s accounting records and from information and explanations you have given us. |
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at
http://rulebook.accaglobal.com/ |
| This report is made solely to the Board of Directors of Pudding Bag Leasing Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Pudding Bag Leasing Limited and state those matters that we have agreed to state to the Board of Directors of Pudding Bag Leasing Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Pudding Bag Leasing Limited and its Board of Directors as a body for our work or for this report. |
| It is your duty to ensure that Pudding Bag Leasing Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Pudding Bag Leasing Limited. You consider that Pudding Bag Leasing Limited is exempt from the statutory audit requirement for the year. |
| We have not been instructed to carry out an audit or a review of the financial statements of Pudding Bag Leasing Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the abbreviated accounts. |
|
| C H Business Services Ltd |
| Accountants |
| 2 Minton Place |
| Victoria Road |
| Bicester |
| Oxon |
| OX26 6QB |
|
| Pudding Bag Leasing Limited |
| Registered number: 07470923 |
| Abbreviated Balance Sheet |
| as at 31 March 2014 |
|
| Notes |
|
|
2014 |
|
|
2013 |
| £ |
£ |
|
| Partnership interest |
2 |
|
|
520,188 |
|
|
510,084 |
|
| Current assets |
| Debtors |
|
|
20 |
|
|
20 |
| Cash at bank and in hand |
|
|
4,478 |
|
|
5,063 |
|
|
|
4,498 |
|
|
5,083 |
|
| Creditors: amounts falling due within one year |
|
|
(6,026) |
|
|
(2,965) |
|
| Net current assets |
|
|
|
(1,528) |
|
|
2,118 |
|
| Total assets less current liabilities |
|
|
|
518,660 |
|
|
512,202 |
|
| Creditors: amounts falling due after more than one year |
|
|
|
(468,000) |
|
|
(468,000) |
|
|
|
| Net assets |
|
|
|
50,660 |
|
|
44,202 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
3 |
|
|
520 |
|
|
520 |
| Share premium |
|
|
|
51,505 |
|
|
51,505 |
| Profit and loss account |
|
|
|
(1,365) |
|
|
(7,823) |
|
| Shareholders' funds |
|
|
|
50,660 |
|
|
44,202 |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| Members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements. |
| The financial statements have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime. |
|
|
|
| J W Sutcliffe |
| Director |
| Approved by the board on 2 December 2014 |
|
| Pudding Bag Leasing Limited |
| Notes to the Abbreviated Accounts |
| for the year ended 31 March 2014 |
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The financial statements have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008). |
|
|
Turnover |
|
Income comprises the company's share of partnership profits. |
|
|
| 2 |
Interest in Triple Point Lease Partners |
£ |
£ |
|
|
|
At 1 April 2013 |
510,084 |
|
501,410 |
|
|
Introduced in period |
- |
|
- |
|
|
Profit share |
14,104 |
|
8,674 |
|
|
Withdrawn in period |
(4,000) |
|
- |
|
|
At 31 March 2014 |
520,188 |
|
510,084 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Share capital |
Nominal |
|
2014 |
|
2014 |
|
2013 |
| value |
Number |
£ |
£ |
|
Allotted, called up and fully paid: |
|
Ordinary shares |
£1 each |
|
520 |
|
520 |
|
520 |
|
|
|
|
|
|
|
|
|
|
| 4 |
Ultimate controlling party |
|
|
J W Sutcliffe is the ultimate controlling party by virtue of his 99% shareholding. |
