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REGISTERED NUMBER: 13032620 (England and Wales)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

PENNELS PROPERTY LTD

PENNELS PROPERTY LTD (REGISTERED NUMBER: 13032620)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PENNELS PROPERTY LTD

COMPANY INFORMATION
for the Year Ended 31 March 2024







DIRECTORS: S J Pennels
Mrs R Pennels





REGISTERED OFFICE: Yew Tree House Elmley Road
Ashton-Under-Hill
Evesham
WR11 7SW





REGISTERED NUMBER: 13032620 (England and Wales)





ACCOUNTANTS: Kingscott Dix (Cheltenham) Limited
7 Rockfield Business Park
Old Station Drive
Leckhampton
Cheltenham
GL53 0AN

PENNELS PROPERTY LTD (REGISTERED NUMBER: 13032620)

BALANCE SHEET
31 March 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 2,538 29,718

CURRENT ASSETS
Debtors 5 113,236 101,550
Cash at bank 15,558 17,519
128,794 119,069
CREDITORS
Amounts falling due within one year 6 (4,922 ) (20,460 )
NET CURRENT ASSETS 123,872 98,609
TOTAL ASSETS LESS CURRENT
LIABILITIES

126,410

128,327

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 126,310 128,227
SHAREHOLDERS' FUNDS 126,410 128,327

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

PENNELS PROPERTY LTD (REGISTERED NUMBER: 13032620)

BALANCE SHEET - continued
31 March 2024


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8 August 2024 and were signed on its behalf by:




S J Pennels - Director



Mrs R Pennels - Director


PENNELS PROPERTY LTD (REGISTERED NUMBER: 13032620)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

PENNELS PROPERTY LTD (REGISTERED NUMBER: 13032620)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 April 2023 4,097 37,000 41,097
Disposals - (37,000 ) (37,000 )
At 31 March 2024 4,097 - 4,097
DEPRECIATION
At 1 April 2023 1,111 10,268 11,379
Charge for year 448 - 448
Eliminated on disposal - (10,268 ) (10,268 )
At 31 March 2024 1,559 - 1,559
NET BOOK VALUE
At 31 March 2024 2,538 - 2,538
At 31 March 2023 2,986 26,732 29,718

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 87,736 84,000
Other debtors 25,500 17,550
113,236 101,550

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 4,922 20,460