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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
Page
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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
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Penwith Developments Limited Statement of financial position as at 31 December 2022
2022 
2021 
Notes
£ 
£ 
Fixed assets
Investment property
16,955,925 
10,224,197 
Current assets
Debtors
136,394 
428,972 
Investments
1,250,000 
- 
Cash at bank and in hand
62,651 
92,113 
1,449,045 
521,085 
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)
Net liabilities
(52,125)
- 
Capital and reserves
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
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Penwith Developments Limited Notes to the Accounts for the year ended 31 December 2022
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
4
Investment property
2022 
£ 
Fair value at 1 January 2022
10,224,197 
Additions
6,731,728 
At 31 December 2022
16,955,925 
5
Debtors
2022 
2021 
£ 
£ 
Amounts falling due within one year
VAT
136,394 
398,972 
Other debtors
- 
30,000 
136,394 
428,972 
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 
Other creditors
16,501 
- 
18,457,095 
1,547,068 
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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).
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