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REGISTERED NUMBER: 03385044 (England and Wales)





















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 AUGUST 2023

FOR

PENTAGON HOMES LTD

PENTAGON HOMES LTD (REGISTERED NUMBER: 03385044)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 AUGUST 2023










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


PENTAGON HOMES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 29 AUGUST 2023







DIRECTOR: Mr L T Lucas





REGISTERED OFFICE: 36 A West Street
Reigate
Surrey
RH2 9BX





REGISTERED NUMBER: 03385044 (England and Wales)





ACCOUNTANTS: Acuity Professional Partnership LLP
Unit 2.02 High Weald House
Glovers End
Bexhill
East Sussex
TN39 5ES

PENTAGON HOMES LTD (REGISTERED NUMBER: 03385044)

STATEMENT OF FINANCIAL POSITION
29 AUGUST 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,050,000 1,050,000

CURRENT ASSETS
Debtors 5 521,228 425,432
Cash at bank 373,368 513,723
894,596 939,155
CREDITORS
Amounts falling due within one year 6 1,001,648 1,036,032
NET CURRENT LIABILITIES (107,052 ) (96,877 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

942,948

953,123

CREDITORS
Amounts falling due after more than one
year

7

(43,091

)

(45,316

)

PROVISIONS FOR LIABILITIES 8 (84,159 ) (84,159 )
NET ASSETS 815,698 823,648

CAPITAL AND RESERVES
Called up share capital 9 100 100
Revaluation reserve 741,081 741,081
Retained earnings 74,517 82,467
SHAREHOLDERS' FUNDS 815,698 823,648

PENTAGON HOMES LTD (REGISTERED NUMBER: 03385044)

STATEMENT OF FINANCIAL POSITION - continued
29 AUGUST 2023


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 August 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 August 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 22 August 2024 and were signed by:





Mr L T Lucas - Director


PENTAGON HOMES LTD (REGISTERED NUMBER: 03385044)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 AUGUST 2023


1. STATUTORY INFORMATION

Pentagon Homes 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 as modified by the revaluation of certain assets.

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
Land is not depreciated.
Land and buildings is revalued annually by the directors and derived from the current market value.

FINANCIAL INSTRUMENTS
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties.

Financial assets that are measured at cost and amortized cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognized in profit or loss.

For financial assets measured at amortized cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and the best estimate, which is an approximation, of the amount that the company would receive for the asset if it were to be sold at the reporting date.

Financial assets and liabilities are offset and the net amount reported in the statement of financial position when there is an enforceable right to set off the recognized amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability

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 statement of financial position date.

PENTAGON HOMES LTD (REGISTERED NUMBER: 03385044)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 AUGUST 2023


3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Land and
buildings
£   
Cost or valuation
At 30 August 2022
and 29 August 2023 1,050,000
Net book value
At 29 August 2023 1,050,000
At 29 August 2022 1,050,000

Cost or valuation at 29 August 2023 is represented by:

Land and
buildings
£   
Valuation in 1999 330,240
Valuation in 2002 195,000
Valuation in 2010 250,000
Valuation in 2013 50,000
Cost 224,760
1,050,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 520,932 425,432
Directors' current accounts 296 -
521,228 425,432

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors - (224 )
Taxation and social security 920 788
Other creditors 1,000,728 1,035,468
1,001,648 1,036,032

PENTAGON HOMES LTD (REGISTERED NUMBER: 03385044)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 AUGUST 2023


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Other creditors 43,091 45,316

Amounts falling due in more than five years:

Repayable by instalments
Other loans more 5yrs instal 43,091 45,316

8. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 84,159 84,159

Deferred
tax
£   
Balance at 30 August 2022 84,159
Balance at 29 August 2023 84,159

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

10. RESERVES

Revaluation reserve
The revaluation reserve comprise the balance of revaluations relating to the freehold property net of deferred tax on the gain. This reserve is non-distributable.

Retained earnings
The retained earnings comprise the balance of profits accumulated over the life of the company. This reserve is distributable.