Company Registration No. 09864472 (England and Wales)
Pennymortgages Limited
Unaudited accounts
for the year ended 30 November 2023
Pennymortgages Limited
Unaudited accounts
Contents
Pennymortgages Limited
Company Information
for the year ended 30 November 2023
Director
Penelope Jane Bradfield-Jones
Company Number
09864472 (England and Wales)
Pennymortgages Limited
Statement of financial position
as at 30 November 2023
Tangible assets
1,974
2,467
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
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
Pennymortgages Limited
Notes to the Accounts
for the year ended 30 November 2023
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.
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.
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:
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
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
At 30 November 2023
690
1,284
1,974
At 30 November 2022
862
1,605
2,467
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
6
Average number of employees
During the year the average number of employees was 2 (2022: 2).