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REGISTERED NUMBER: 07285511 (England and Wales)

















PENINA TRUSTEES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023






PENINA TRUSTEES LIMITED (REGISTERED NUMBER: 07285511)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


PENINA TRUSTEES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: S Caras
A P Grout
A R Irvine





REGISTERED OFFICE: Broad House
1 The Broadway
Old Hatfield
Hertfordshire
AL9 5BG





REGISTERED NUMBER: 07285511 (England and Wales)





ACCOUNTANTS: Jones Hunt & Keelings
Chartered Certified Accountants and
Chartered Tax Advisers
Broad House
1 The Broadway
Old Hatfield
Hertfordshire
AL9 5BG

PENINA TRUSTEES LIMITED (REGISTERED NUMBER: 07285511)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investments 4 1,400 1,400

CURRENT ASSETS
Cash in hand 100 100

CREDITORS
Amounts falling due within one year 5 1,400 1,400
NET CURRENT LIABILITIES (1,300 ) (1,300 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

100

100

CAPITAL AND RESERVES
Called up share capital 100 100
SHAREHOLDERS' FUNDS 100 100

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 August 2023 and were signed on its behalf by:





S Caras - Director


PENINA TRUSTEES LIMITED (REGISTERED NUMBER: 07285511)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1. STATUTORY INFORMATION

Penina Trustees Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The company was dormant throughout the current year and previous year.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 April 2022
and 31 March 2023 1,400
NET BOOK VALUE
At 31 March 2023 1,400
At 31 March 2022 1,400

The fixed asset investments represent 100% of the issued share capital, of 100 ordinary shares of £1 each, of each of the following companies:

Airpath Limited Braga Properties Limited
Broganza Limited Cabinda Investments Limited
Ceduna Realty Limited Evora Investments Limited
Findtime Limited Forcedelta Limited
Galeana Realty Limited Greatfind Limited
Lotmove Limited Recife Realty Limited
Sarano Properties Limited Verde Investments Limited

Each of these companies holds the legal title to an apartment at Le Meridien Penina Golf Resort in the Algarve, Portugal. They hold each property merely as nominee for the Penina Golf Apartments Club.

The above companies are dormant and their aggregate reserves equals their issued share capital.

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other creditors 1,400 1,400