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REGISTERED NUMBER: 02300465 (England and Wales)













FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2023

FOR

PENHILL PARK LIMITED

PENHILL PARK LIMITED (REGISTERED NUMBER: 02300465)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


PENHILL PARK LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2023







DIRECTORS: Mrs S J Bennett
Mrs V Ward
Mr M B B Hirst
Mr N P Mulvaney
Mr C C Hinton
Mr A Bentley





SECRETARY: Mrs V Ward





REGISTERED OFFICE: Vantage Point House
Silverhills Road
Decoy Industrial Estate
Newton Abbot
Devon
TQ12 5ND





REGISTERED NUMBER: 02300465 (England and Wales)





ACCOUNTANTS: Marsland Nash Associates
Chartered Tax Advisers, Accountants
and Business Consultants
Vantage Point House
Silverhills Road
Decoy Industrial Estate
Newton Abbot
Devon
TQ12 5ND

PENHILL PARK LIMITED (REGISTERED NUMBER: 02300465)

BALANCE SHEET
31 MAY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 74,268 74,268

CURRENT ASSETS
Debtors 5 8,423 6,394
Cash at bank 17,199 16,510
25,622 22,904
CREDITORS
Amounts falling due within one year 6 2,098 2,008
NET CURRENT ASSETS 23,524 20,896
TOTAL ASSETS LESS CURRENT LIABILITIES 97,792 95,164

CAPITAL AND RESERVES
Called up share capital 61,462 61,462
Other reserves 19,004 19,004
Retained earnings 17,326 14,698
97,792 95,164

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 August 2023 and were signed on its behalf by:





Mrs V Ward - Director


PENHILL PARK LIMITED (REGISTERED NUMBER: 02300465)

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


1. STATUTORY INFORMATION

Penhill Park 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.

Turnover
Turnover represents amounts chargeable in respect of the dues and services provided to the chalet owners.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - Nil

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Freehold
property
£   
COST
At 1 June 2022
and 31 May 2023 74,268
NET BOOK VALUE
At 31 May 2023 74,268
At 31 May 2022 74,268

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 3,945 2,515
Prepayments 4,478 3,879
8,423 6,394

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Accrued expenses 2,098 2,008

PENHILL PARK LIMITED (REGISTERED NUMBER: 02300465)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2023


7. RELATED PARTY DISCLOSURES

During the year, Mrs V Ward a director and shareholder was paid £2,080 (2022: £2496) in respect of Secretarial fees.