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Company Registration No. 07969333 (England and Wales)
Pennant Property Limited Unaudited accounts for the year ended 28 February 2023
Pennant Property Limited Unaudited accounts Contents
Page
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Pennant Property Limited Company Information for the year ended 28 February 2023
Director
Jonathan Guppy
Company Number
07969333 (England and Wales)
Registered Office
WILLOWSDALE 1 PLATT BRIDGE RUYTON XI TOWNS SHREWSBURY SHROPSHIRE SY4 1LS UNITED KINGDOM
Accountants
Number 10 Accounting Limited Office 1, The Civic Centre New Street Stourport on Severn Worcestershire DY13 8UN
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Pennant Property Limited Statement of financial position as at 28 February 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
5,558 
282,413 
Current assets
Debtors
5,618 
4,634 
Cash at bank and in hand
61,042 
237 
66,660 
4,871 
Creditors: amounts falling due within one year
(189,538)
(184,950)
Net current liabilities
(122,878)
(180,079)
Total assets less current liabilities
(117,320)
102,334 
Creditors: amounts falling due after more than one year
(14,290)
(244,810)
Net liabilities
(131,610)
(142,476)
Capital and reserves
Called up share capital
1 
1 
Fair value reserve
- 
7,097 
Profit and loss account
(131,611)
(149,574)
Shareholders' funds
(131,610)
(142,476)
For the year ending 28 February 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 16 November 2023 and were signed on its behalf by
Jonathan Guppy Director Company Registration No. 07969333
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Pennant Property Limited Notes to the Accounts for the year ended 28 February 2023
1
Statutory information
Pennant Property Limited is a private company, limited by shares, registered in England and Wales, registration number 07969333. The registered office is WILLOWSDALE 1 PLATT BRIDGE, RUYTON XI TOWNS, SHREWSBURY, SHROPSHIRE, SY4 1LS, UNITED KINGDOM.
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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
None
Plant & machinery
25% reducing balance
Computer equipment
33% reducing balance
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 March 2022
275,000 
17,555 
158 
292,713 
Disposals
(275,000)
- 
- 
(275,000)
At 28 February 2023
- 
17,555 
158 
17,713 
Depreciation
At 1 March 2022
- 
10,166 
134 
10,300 
Charge for the year
- 
1,847 
8 
1,855 
At 28 February 2023
- 
12,013 
142 
12,155 
Net book value
At 28 February 2023
- 
5,542 
16 
5,558 
At 28 February 2022
275,000 
7,389 
24 
282,413 
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Pennant Property Limited Notes to the Accounts for the year ended 28 February 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
825 
493 
Other debtors
4,793 
4,141 
5,618 
4,634 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
1,693 
1,070 
Other creditors
41,884 
45,187 
Loans from directors
145,481 
138,308 
Accruals
480 
385 
189,538 
184,950 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
5,757 
234,273 
Obligations under finance leases and hire purchase contracts
8,533 
10,537 
14,290 
244,810 
8
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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