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Company Registration No. 09864472 (England and Wales)
Pennymortgages Limited Unaudited accounts for the year ended 30 November 2023
Pennymortgages Limited Unaudited accounts Contents
Page
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Pennymortgages Limited Company Information for the year ended 30 November 2023
Director
Penelope Jane Bradfield-Jones
Company Number
09864472 (England and Wales)
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Pennymortgages Limited Statement of financial position as at 30 November 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,974 
2,467 
Current assets
Cash at bank and in hand
159,960 
178,182 
Creditors: amounts falling due within one year
(85,854)
(83,916)
Net current assets
74,106 
94,266 
Net assets
76,080 
96,733 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
75,980 
96,633 
Shareholders' funds
76,080 
96,733 
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 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 20 August 2024 and were signed on its behalf by
Penelope Jane Bradfield-Jones Director Company Registration No. 09864472
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Pennymortgages Limited Notes to the Accounts for the year ended 30 November 2023
1
Statutory information
Pennymortgages Limited is a private company, limited by shares, registered in England and Wales, registration number 09864472.
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
20%
Computer equipment
20%
4
Tangible fixed assets
Plant & machinery 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 December 2022
2,924 
2,006 
4,930 
At 30 November 2023
2,924 
2,006 
4,930 
Depreciation
At 1 December 2022
2,062 
401 
2,463 
Charge for the year
172 
321 
493 
At 30 November 2023
2,234 
722 
2,956 
Net book value
At 30 November 2023
690 
1,284 
1,974 
At 30 November 2022
862 
1,605 
2,467 
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Pennymortgages Limited Notes to the Accounts for the year ended 30 November 2023
5
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Taxes and social security
4,915 
18,900 
Other creditors
7,650 
3,960 
Loans from directors
72,489 
60,256 
Accruals
800 
800 
85,854 
83,916 
6
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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