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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
Page
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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
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Penhaven Estates Limited Statement of financial position as at 31 December 2022
2022 
2021 
Notes
£ 
£ 
Fixed assets
Investment property
883,222 
1,363,222 
Investments
1 
1 
883,223 
1,363,223 
Current assets
Inventories
148,773 
148,773 
Debtors
17,704 
15,125 
Cash at bank and in hand
8,206 
310,070 
174,683 
473,968 
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)
Capital and reserves
Called up share capital
12,500 
12,500 
Share premium
450 
450 
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
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Penhaven Estates Limited Notes to the Accounts for the year ended 31 December 2022
1
Statutory information
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.
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
1,363,222 
Disposals
(480,000)
At 31 December 2022
883,222 
5
Investments
Other investments 
£ 
Valuation at 1 January 2022
1 
Valuation at 31 December 2022
1 
6
Debtors
2022 
2021 
£ 
£ 
Amounts falling due within one year
VAT
11,325 
8,746 
Trade debtors
701 
701 
Accrued income and prepayments
1,187 
1,187 
Other debtors
4,491 
4,491 
17,704 
15,125 
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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 
Accruals
209,597 
209,597 
973,537 
1,689,072 
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 
- 
2,441,667 
2,005,593 
9
Average number of employees
During the year the average number of employees was 1 (2021: 1).
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