IRIS Accounts Production v23.3.1.45 11408613 Board of Directors 1.7.22 30.6.23 30.6.23 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh114086132022-06-30114086132023-06-30114086132022-07-012023-06-30114086132021-06-30114086132021-07-012022-06-30114086132022-06-3011408613ns10:Originalns15:EnglandWales2022-07-012023-06-3011408613ns14:PoundSterlingns10:Original2022-07-012023-06-3011408613ns10:Originalns10:Director12022-07-012023-06-3011408613ns10:Original2022-07-012023-06-3011408613ns10:Original2023-06-3011408613ns10:Originalns10:PrivateLimitedCompanyLtd2022-07-012023-06-3011408613ns10:Originalns10:SmallEntities2022-07-012023-06-3011408613ns10:Originalns10:AuditExempt-NoAccountantsReport2022-07-012023-06-3011408613ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-07-012023-06-3011408613ns10:SmallCompaniesRegimeForAccountsns10:Original2022-07-012023-06-3011408613ns10:Originalns10:AbridgedAccounts2022-07-012023-06-3011408613ns10:Originalns10:Director22022-07-012023-06-3011408613ns10:Originalns10:RegisteredOffice2022-07-012023-06-3011408613ns10:Original2022-06-3011408613ns10:Originalns5:CurrentFinancialInstruments2023-06-3011408613ns10:Originalns5:CurrentFinancialInstruments2022-06-3011408613ns10:Originalns5:Non-currentFinancialInstruments2023-06-3011408613ns10:Originalns5:Non-currentFinancialInstruments2022-06-3011408613ns5:ShareCapitalns10:Original2023-06-3011408613ns5:ShareCapitalns10:Original2022-06-3011408613ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-06-3011408613ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-06-3011408613ns10:Original2021-07-012022-06-3011408613ns10:Original2022-06-3011408613ns10:Originalns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2023-06-3011408613ns10:Originalns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2022-06-3011408613ns5:Securedns10:Original2023-06-3011408613ns5:Securedns10:Original2022-06-30
REGISTERED NUMBER: 11408613 (England and Wales)












PENNINGTON HOUSE LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2023






PENNINGTON HOUSE LIMITED (REGISTERED NUMBER: 11408613)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


PENNINGTON HOUSE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2023







DIRECTORS: P J Brown
Mrs I C Brown





REGISTERED OFFICE: Avroe House
Avroe Crescent
Blackpool
Lancashire
FY4 2DP





REGISTERED NUMBER: 11408613 (England and Wales)





ACCOUNTANTS: Rushtons
Chartered Accountants
Avroe House
Avroe Crescent
Blackpool Business Park
Blackpool
Lancashire
FY4 2DP

PENNINGTON HOUSE LIMITED (REGISTERED NUMBER: 11408613)

ABRIDGED BALANCE SHEET
30 JUNE 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 315,000 290,000

CURRENT ASSETS
Cash at bank 6,329 6,276

CREDITORS
Amounts falling due within one year 67,723 65,148
NET CURRENT LIABILITIES (61,394 ) (58,872 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

253,606

231,128

CREDITORS
Amounts falling due after more than
one year

5

(175,985

)

(169,849

)

PROVISIONS FOR LIABILITIES (16,090 ) (11,340 )
NET ASSETS 61,531 49,939

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 61,431 49,839
SHAREHOLDERS' FUNDS 61,531 49,939

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

PENNINGTON HOUSE LIMITED (REGISTERED NUMBER: 11408613)

ABRIDGED BALANCE SHEET - continued
30 JUNE 2023


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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 June 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6 February 2024 and were signed on its behalf by:





P J Brown - Director


PENNINGTON HOUSE LIMITED (REGISTERED NUMBER: 11408613)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

1. STATUTORY INFORMATION

Pennington House 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.

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 as modified by the revaluation of certain assets.

The financial statements are presented in Sterling (£). Monetary values in these financial statements are rounded to the nearest £.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

PENNINGTON HOUSE LIMITED (REGISTERED NUMBER: 11408613)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2022 290,000
Revaluations 25,000
At 30 June 2023 315,000
NET BOOK VALUE
At 30 June 2023 315,000
At 30 June 2022 290,000

Fair value at 30 June 2023 is represented by:
£   
Valuation in 2022 59,678
Valuation in 2023 25,000
Cost 230,322
315,000

5. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
FIVE YEARS
2023 2022
£    £   
Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 175,985 169,849

6. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 175,985 169,849

The bank loans are secured by mortgages with fixed and floating charges over the company's investment properties and other assets.