Caseware UK (AP4) 2023.0.135 2023.0.135 2023-11-302023-11-30falsefalseNo description of principal activity2022-12-01true11The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 10218243 2022-12-01 2023-11-30 10218243 2021-12-01 2022-11-30 10218243 2023-11-30 10218243 2022-11-30 10218243 c:Director1 2022-12-01 2023-11-30 10218243 d:CurrentFinancialInstruments 2023-11-30 10218243 d:CurrentFinancialInstruments 2022-11-30 10218243 d:CurrentFinancialInstruments d:WithinOneYear 2023-11-30 10218243 d:CurrentFinancialInstruments d:WithinOneYear 2022-11-30 10218243 d:ShareCapital 2023-11-30 10218243 d:ShareCapital 2022-11-30 10218243 d:RetainedEarningsAccumulatedLosses 2023-11-30 10218243 d:RetainedEarningsAccumulatedLosses 2022-11-30 10218243 c:FRS102 2022-12-01 2023-11-30 10218243 c:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 10218243 c:FullAccounts 2022-12-01 2023-11-30 10218243 c:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 10218243 e:PoundSterling 2022-12-01 2023-11-30 iso4217:GBP xbrli:pure

Registered number: 10218243









PENBURY LAND LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2023

 
PENBURY LAND LIMITED
REGISTERED NUMBER: 10218243

BALANCE SHEET
AS AT 30 NOVEMBER 2023

2023
2022
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
14,598
1

Cash at bank and in hand
  
19,248
21,866

  
33,846
21,867

Creditors: amounts falling due within one year
 5 
(33,260)
(16,033)

Net current assets
  
 
 
586
 
 
5,834

Total assets less current liabilities
  
586
5,834

  

Net assets
  
586
5,834


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
585
5,833

  
586
5,834


Page 1

 
PENBURY LAND LIMITED
REGISTERED NUMBER: 10218243
    
BALANCE SHEET (CONTINUED)
AS AT 30 NOVEMBER 2023

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 26 July 2024.




T Langley
Director

The notes on pages 3 to 5 form part of these financial statements.

Page 2

 
PENBURY LAND LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

1.


General information

Penbury Land Limited is a private company, limited by shares, registered in England and Wales. The registered office is 101 New Cavendish Street,1st Floor South, London, W1W 6XH. 
The financial statements are presented in Sterling, which is the functional currency of the company.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.4

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Page 3

 
PENBURY LAND LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

2.Accounting policies (continued)

 
2.5

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.6

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

 
2.7

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.


3.


Employees

2023
2022
£
£

Wages and salaries
5,000
12,000

5,000
12,000


The average monthly number of employees, including directors, during the year was 1 (2022 - 1).

Page 4

 
PENBURY LAND LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

4.


Debtors

2023
2022
£
£


Other debtors
14,598
1

14,598
1



5.


Creditors: Amounts falling due within one year

2023
2022
£
£

Corporation tax
13,660
13,595

Other creditors
-
238

Accruals and deferred income
19,600
2,200

33,260
16,033



6.


Related party transactions

Other debtors, includes £14,598 owed by the director, which has since been repaid.

 
Page 5