TOM PENHALE LTD

Company Registration Number:
05884203 (England and Wales)

Unaudited statutory accounts for the year ended 31 March 2023

(Dormant)

Period of accounts

Start date: 01 April 2022

End date: 31 March 2023

TOM PENHALE LTD

Contents of the Financial Statements

for the Period Ended 31 March 2023

Company Information - 3
Balance sheet - 4
Additional notes - 6
Balance sheet notes - 9

TOM PENHALE LTD

Company Information

for the Period Ended 31 March 2023




Director: Mrs D J Cooper
Mr D Cooper
Secretary: Mrs D J Cooper
Registered office: 3
East Mallard Lane
Exeter
England
EX2 6FP
Company Registration Number: 05884203 (England and Wales)

TOM PENHALE LTD

Balance sheet

As at 31 March 2023


Notes

2023
£

2022
£
Fixed assets
Tangible assets: 4 0 73,582
Total fixed assets: 0 73,582
Current assets
Cash at bank and in hand: 100 100
Total current assets: 100 100
Net current assets (liabilities): 100 100
Total assets less current liabilities: 100 73,682
Creditors: amounts falling due after more than one year: 5 ( 0 ) ( 73,582 )
Total net assets (liabilities): 100 100

The notes form part of these financial statements

TOM PENHALE LTD

Balance sheet continued

As at 31 March 2023


Notes

2023
£

2022
£
Capital and reserves
Called up share capital: 100 100
Shareholders funds: 100 100

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.

For the year ending 31 March 2023 the company was entitled to exemption under section 480 of the Companies Act 2006 relating to dormant companies.

This report was approved by the board of directors on 7 November 2023
And Signed On Behalf Of The Board By:

Name: Mrs D J Cooper
Status: Director

The notes form part of these financial statements

TOM PENHALE LTD

Notes to the Financial Statements

for the Period Ended 31 March 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

TOM PENHALE LTD

Notes to the Financial Statements

for the Period Ended 31 March 2023

  • 2. Employees


    2023

    2022
    Average number of employees during the period 0 0

    There have been no employees of the company since inception in 2006

TOM PENHALE LTD

Notes to the Financial Statements

for the Period Ended 31 March 2023

  • 3. Off balance sheet disclosure

    No

TOM PENHALE LTD

Notes to the Financial Statements

for the Period Ended 31 March 2023

4. Tangible assets

Land & buildings Total
Cost £ £
At 01 April 2022 73,582 73,582
Additions - -
Disposals ( 73,582 ) ( 73,582 )
Revaluations - -
Transfers - -
At 31 March 2023 0 0
Depreciation
At 01 April 2022 0 0
Charge for year - -
On disposals ( 0 ) ( 0 )
Other adjustments - -
At 31 March 2023 0 0
Net book value
At 31 March 2023 0 0
At 31 March 2022 73,582 73,582

The company was formed in 2006 to hold legal title to agricultural land and buildings and as such does not (and never has) acted commercially to generate income or expenditure. It has remained dormant since inception and does not even have a bank account. The directors have personally funded all the land and its improvements over the years with an equal and opposite amount included as loans from the directors under creditors (amounts due after more than one year) - which remained until the land and buildings were sold in February 2023.

TOM PENHALE LTD

Notes to the Financial Statements

for the Period Ended 31 March 2023

5.Creditors: amounts falling due after more than one year


2023
£

2022
£
Other creditors 0 73,582
Total 0 73,582

The directors personally funded the purchase costs and any further capital expenditure on improvements to the land and buildings. The loan was unsecured and interest free, with no fixed date for repayment until or unless the land was sold or made available to a third party. The land was sold in February 2023 and as such the loan was repaid.