Pugwood Limited - Accounts to registrar (filleted) - small 18.2

Pugwood Limited - Accounts to registrar (filleted) - small 18.2

PUGWOOD LIMITED - Company Information

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REGISTERED NUMBER: 03299801 (England and Wales)











Financial Statements

for the Year Ended 31st March 2018

for

Pugwood Limited
Braidwood Wheeler & Co
Chartered Certified Accountants
Goodman House
13a West Street
Reigate
Surrey
RH2 9BL








Pugwood Limited (Registered number: 03299801)






Contents of the Financial Statements
for the year ended 31st March 2018




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Pugwood Limited

Company Information
for the year ended 31st March 2018







DIRECTOR: P B Willows





SECRETARY: P B Willows





REGISTERED OFFICE: Juniper Cottage
Dungates Lane
Betchworth
Surrey
RH3 7BD





REGISTERED NUMBER: 03299801 (England and Wales)





ACCOUNTANTS: Braidwood Wheeler & Co
Chartered Certified Accountants
Goodman House
13a West Street
Reigate
Surrey
RH2 9BL
Page 1
Pugwood Limited (Registered number: 03299801)

Balance Sheet
31st March 2018

2018 2017
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 268 358
Investment property 5 211,979 211,979
212,247 212,337

CURRENT ASSETS
Debtors 6 536 591

CREDITORS
Amounts falling due within one year 7 87,618 99,334
NET CURRENT LIABILITIES (87,082 ) (98,743 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
125,165
113,594

CREDITORS
Amounts falling due after more than one year 8 32,530 37,881
NET ASSETS 92,635 75,713

CAPITAL AND RESERVES
Called up share capital 10 2 2
Retained earnings 92,633 75,711
SHAREHOLDERS' FUNDS 92,635 75,713

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2018 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 notes form part of these financial statements

Page 2 continued...
Pugwood Limited (Registered number: 03299801)

Balance Sheet - continued
31st March 2018


The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director on 27th December 2018 and were signed by:





P B Willows - Director


The notes form part of these financial statements

Page 3
Pugwood Limited (Registered number: 03299801)

Notes to the Financial Statements
for the year ended 31st March 2018

1. STATUTORY INFORMATION

Pugwood Limited is a private company, limited by shares , registered in England and Wales. The company's
registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover comprises rent receivable.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance

Taxation
Taxation for the year comprises current tax only. Tax is recognised in the Profit and Loss Account, except to the
extent that it relates to items recognised in other comprehensive income or directly in equity.

Current taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or
substantively enacted by the balance sheet date.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2017 - 1 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1st April 2017
and 31st March 2018 12,720
DEPRECIATION
At 1st April 2017 12,362
Charge for year 90
At 31st March 2018 12,452
NET BOOK VALUE
At 31st March 2018 268
At 31st March 2017 358

Page 4 continued...
Pugwood Limited (Registered number: 03299801)

Notes to the Financial Statements - continued
for the year ended 31st March 2018

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st April 2017
and 31st March 2018 211,979
NET BOOK VALUE
At 31st March 2018 211,979
At 31st March 2017 211,979

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Prepayments 536 591

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Corporation tax 3,990 2,353
Directors' current accounts 83,088 96,501
Accrued expenses 540 480
87,618 99,334

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2018 2017
£    £   
Other loans (see note 9) 32,530 37,881

9. LOANS

An analysis of the maturity of loans is given below:

2018 2017
£    £   
Amounts falling due between two and five years:
Other loans - 2-5 years 32,530 37,881

10. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 2018 2017
value: £    £   
2 Ordinary £1 2 2

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is P B Willows.

Page 5