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Company Registration No. 13701665 (England and Wales)
Penrose Creates Limited Unaudited accounts for the year ended 31 October 2023
Penrose Creates Limited Unaudited accounts Contents
Page
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Penrose Creates Limited Company Information for the year ended 31 October 2023
Director
Bee Willow Penrose
Company Number
13701665 (England and Wales)
Registered Office
Suite 157 Hayley Court Linford Wood Milton Keynes Buckinghamshire MK14 6GD England
Accountants
Bidwell Accountancy Limited 157 Milton Keynes Business Centre Foxhunter Drive Milton Keynes Buckinghamshire MK14 6GD
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Penrose Creates Limited Statement of financial position as at 31 October 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
3,857 
2,118 
Current assets
Debtors
88 
124 
Cash at bank and in hand
379 
1,195 
467 
1,319 
Creditors: amounts falling due within one year
(12,989)
(7,063)
Net current liabilities
(12,522)
(5,744)
Net liabilities
(8,665)
(3,626)
Capital and reserves
Called up share capital
(10)
(10)
Profit and loss account
(8,655)
(3,616)
Shareholders' funds
(8,665)
(3,626)
For the year ending 31 October 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 her 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 19 July 2024 and were signed on its behalf by
Bee Willow Penrose Director Company Registration No. 13701665
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Penrose Creates Limited Notes to the Accounts for the year ended 31 October 2023
1
Statutory information
Penrose Creates Limited is a private company, limited by shares, registered in England and Wales, registration number 13701665. The registered office is Suite 157 Hayley Court, Linford Wood, Milton Keynes, Buckinghamshire, MK14 6GD, England.
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:
Plant & machinery
3 YEARS STRAIGHT LINE
Fixtures & fittings
3 YEARS STRAIGHT LINE
Computer equipment
4 YEARS STRAIGHT LINE
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 November 2022
702 
228 
1,831 
2,761 
Additions
2,447 
14 
370 
2,831 
At 31 October 2023
3,149 
242 
2,201 
5,592 
Depreciation
At 1 November 2022
148 
65 
430 
643 
Charge for the year
539 
80 
473 
1,092 
At 31 October 2023
687 
145 
903 
1,735 
Net book value
At 31 October 2023
2,462 
97 
1,298 
3,857 
At 31 October 2022
554 
163 
1,401 
2,118 
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Penrose Creates Limited Notes to the Accounts for the year ended 31 October 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
88 
124 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Loans from directors
12,989 
6,973 
Accruals
- 
90 
12,989 
7,063 
7
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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