Company Registration No. 11053989 (England and Wales)
Penarth View Limited
Unaudited accounts
for the year ended 30 November 2023
Penarth View Limited
Unaudited accounts
Contents
Penarth View Limited
Company Information
for the year ended 30 November 2023
Company Number
11053989 (England and Wales)
Registered Office
56 Queens Road
Penarth
CF64 1DJ
Accountants
Evans Entwistle
Villa House
7 Herbert Terrace
Penarth
Vale of Glamorgan
CF64 2AH
Chartered Management Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of
Penarth View Limited
for the year ended 30 November 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Penarth View Limited for the year ended 30 November 2023 which comprise of the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.
As a CIMA Registered Member in Practice and Practising Certificate holder, I am subject to its ethical and other professional requirements which are detailed at https://www.cimaglobal.com/Members/Your-Membership-Information/Members-handbook/Licensing-and-monitoring/Members-in-practice/
Our work has been undertaken in accordance with the requirements of the Chartered Institute of Management Accountants as detailed at http://www.cimaglobal.com.
Evans Entwistle
Member in Practice
Villa House
7 Herbert Terrace
Penarth
Vale of Glamorgan
CF64 2AH
23 August 2024
Penarth View Limited
Statement of financial position
as at 30 November 2023
Intangible assets
4,666
5,666
Cash at bank and in hand
17,348
19,048
Creditors: amounts falling due within one year
(12,096)
(14,293)
Net current assets
17,287
17,500
Total assets less current liabilities
23,291
24,151
Creditors: amounts falling due after more than one year
(13,828)
(12,956)
Called up share capital
1
1
Profit and loss account
9,462
11,194
Shareholders' funds
9,463
11,195
For the year ending 30 November 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 his 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 23 August 2024 and were signed on its behalf by
John Davies
Director
Company Registration No. 11053989
Penarth View Limited
Notes to the Accounts
for the year ended 30 November 2023
Penarth View Limited is a private company, limited by shares, registered in England and Wales, registration number 11053989. The registered office is 56 Queens Road, Penarth, CF64 1DJ.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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
60 months - straight line
Computer equipment
36 months - straight line
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation. Intangibles are amortised over a period of 120 months on a straight line basis.
Penarth View Limited
Notes to the Accounts
for the year ended 30 November 2023
4
Intangible fixed assets
Goodwill
5
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 December 2022
327
2,354
2,681
At 30 November 2023
327
3,602
3,929
At 1 December 2022
327
1,369
1,696
Charge for the year
-
895
895
At 30 November 2023
327
2,264
2,591
At 30 November 2023
-
1,338
1,338
At 30 November 2022
-
985
985
Amounts falling due within one year
Trade debtors
12,035
12,745
7
Creditors: amounts falling due within one year
2023
2022
Trade creditors
9,132
9,113
Taxes and social security
1,497
3,980
Penarth View Limited
Notes to the Accounts
for the year ended 30 November 2023
8
Creditors: amounts falling due after more than one year
2023
2022
Loans from directors
13,828
12,956
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
10
Average number of employees
During the year the average number of employees was 2 (2022: 2).