Company Registration No. 10583723 (England and Wales)
Penfeather Properties Limited
Unaudited accounts
for the year ended 31 January 2023
Penfeather Properties Limited
Unaudited accounts
Contents
Penfeather Properties Limited
Company Information
for the year ended 31 January 2023
Company Number
10583723 (England and Wales)
Registered Office
Unit 6
30 Friern Park
London
N12 9DA
Penfeather Properties Limited
Statement of financial position
as at 31 January 2023
Investment property
459,992
459,992
Cash at bank and in hand
10,687
8,978
Creditors: amounts falling due within one year
(148,612)
(146,619)
Net current liabilities
(137,925)
(137,641)
Total assets less current liabilities
322,067
322,351
Creditors: amounts falling due after more than one year
(314,988)
(314,988)
Called up share capital
1
1
Profit and loss account
7,078
7,362
Shareholders' funds
7,079
7,363
For the year ending 31 January 2023 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 director acknowledges his 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 and authorised for issue on 27 October 2023 and were signed on its behalf by
Dr L Lysandrou
Director
Company Registration No. 10583723
Penfeather Properties Limited
Notes to the Accounts
for the year ended 31 January 2023
Penfeather Properties Limited is a private company, limited by shares, registered in England and Wales, registration number 10583723. The registered office is Unit 6, 30 Friern Park, London, N12 9DA.
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.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Fair value at 1 February 2022
459,992
At 31 January 2023
459,992
5
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
(67)
1,303
Other creditors
2,418
2,419
Loans from directors
145,409
142,117
6
Creditors: amounts falling due after more than one year
2023
2022
Bank loans
314,988
314,988
Loans are secured against investment property.
7
Average number of employees
During the year the average number of employees was 1 (2022: 1).