Company Registration No. 07049477 (England and Wales)
Penhaven Estates Limited
Unaudited accounts
for the year ended 31 December 2022
Penhaven Estates Limited
Unaudited accounts
Contents
Penhaven Estates Limited
Company Information
for the year ended 31 December 2022
Directors
Bruce Robert James Priday
Mark Adkins
Company Number
07049477 (England and Wales)
Registered Office
Southgate House
59 Magdalen Street
Exeter
Devon
EX2 4HY
Accountants
Prudens Jevro Ltd
Southgate House
59 Magdalen Street
Exeter
Devon
EX2 4HY
Penhaven Estates Limited
Statement of financial position
as at 31 December 2022
Investment property
883,222
1,363,222
Inventories
148,773
148,773
Cash at bank and in hand
8,206
310,070
Creditors: amounts falling due within one year
(973,537)
(1,689,072)
Net current liabilities
(798,854)
(1,215,104)
Total assets less current liabilities
84,369
148,119
Creditors: amounts falling due after more than one year
(2,441,667)
(2,005,593)
Net liabilities
(2,357,298)
(1,857,474)
Called up share capital
12,500
12,500
Profit and loss account
(2,370,248)
(1,870,424)
Shareholders' funds
(2,357,298)
(1,857,474)
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 30 September 2023 and were signed on its behalf by
Bruce Robert James Priday
Director
Company Registration No. 07049477
Penhaven Estates Limited
Notes to the Accounts
for the year ended 31 December 2022
Penhaven Estates Limited is a private company, limited by shares, registered in England and Wales, registration number 07049477. The registered office is Southgate House, 59 Magdalen Street, Exeter, Devon, EX2 4HY.
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
1,363,222
At 31 December 2022
883,222
5
Investments
Other investments
Valuation at 1 January 2022
1
Valuation at 31 December 2022
1
Amounts falling due within one year
Accrued income and prepayments
1,187
1,187
Penhaven Estates Limited
Notes to the Accounts
for the year ended 31 December 2022
7
Creditors: amounts falling due within one year
2022
2021
Bank loans and overdrafts
218,776
218,776
Trade creditors
544,717
30,252
Taxes and social security
447
447
Other creditors
-
1,230,000
8
Creditors: amounts falling due after more than one year
2022
2021
Bank loans
1,211,665
2,005,593
Other creditors
1,230,002
-
9
Average number of employees
During the year the average number of employees was 1 (2021: 1).