Company Registration No. 13344070 (England and Wales)
Penwith Developments Limited
Unaudited accounts
for the year ended 31 December 2022
Penwith Developments Limited
Unaudited accounts
Contents
Penwith Developments Limited
Company Information
for the year ended 31 December 2022
Directors
Robert Conroy
Thomas Crabtree
Company Number
13344070 (England and Wales)
Registered Office
8A REPLINGHAM ROAD
LONDON
SW18 5LS
ENGLAND
Penwith Developments Limited
Statement of financial position
as at 31 December 2022
Investment property
16,955,925
10,224,197
Cash at bank and in hand
62,651
92,113
Creditors: amounts falling due within one year
(18,457,095)
(1,547,068)
Net current liabilities
(17,008,050)
(1,025,983)
Total assets less current liabilities
(52,125)
9,198,214
Creditors: amounts falling due after more than one year
-
(9,198,214)
Profit and loss account
(52,125)
-
Shareholders' funds
(52,125)
-
For the year ending 31 December 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 31 March 2023 and were signed on its behalf by
Robert Conroy
Director
Company Registration No. 13344070
Penwith Developments Limited
Notes to the Accounts
for the year ended 31 December 2022
Penwith Developments Limited is a private company, limited by shares, registered in England and Wales, registration number 13344070. The registered office is 8A REPLINGHAM ROAD, LONDON, SW18 5LS, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Fair value at 1 January 2022
10,224,197
At 31 December 2022
16,955,925
Amounts falling due within one year
6
Investments held as current assets
2022
2021
Unlisted investments
1,250,000
-
7
Creditors: amounts falling due within one year
2022
2021
Bank loans and overdrafts
7,555,204
-
Trade creditors
9,180
920,054
Amounts owed to group undertakings and other participating interests
10,876,210
627,014
Penwith Developments Limited
Notes to the Accounts
for the year ended 31 December 2022
8
Creditors: amounts falling due after more than one year
2022
2021
Amounts owed to group undertakings and other participating interests
-
9,198,214
9
Average number of employees
During the year the average number of employees was 0 (2021: 0).