Registered number
00743365
Penrhyn Old Hall Developments Limited
Filleted Accounts
30 November 2023
Penrhyn Old Hall Developments Limited
Registered number: 00743365
Balance Sheet
as at 30 November 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 53,756 57,532
Current assets
Stocks 2,200 2,200
Cash at bank and in hand 7,857 34
10,057 2,234
Creditors: amounts falling due within one year 4 (122,929) (116,489)
Net current liabilities (112,872) (114,255)
Net liabilities (59,116) (56,723)
Capital and reserves
Called up share capital 100 100
Profit and loss account (59,216) (56,823)
Shareholders' funds (59,116) (56,723)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
G H W Marsh
Director
Approved by the board on 29 August 2024
Penrhyn Old Hall Developments Limited
Notes to the Accounts
for the year ended 30 November 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover represents the amounts (excluding value added tax) derived from the provision of goods and services to customers during the year.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the costs, less estimated residual value, of each asset over its expected useful life. The methods and applicable rates are:
Freehold buildings over 50 years
Plant and machinery 20% per annum of net book value
Stocks
Stocks are stated at the lower of cost, using the first in first out method, and selling price less costs to complete and sell.
Deferred Taxation
Full provision is made for deferred tax assets and liabilities arising from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 3 3
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 December 2022 182,567 155,833 338,400
At 30 November 2023 182,567 155,833 338,400
Depreciation
At 1 December 2022 125,658 155,210 280,868
Charge for the year 3,651 125 3,776
At 30 November 2023 129,309 155,335 284,644
Net book value
At 30 November 2023 53,258 498 53,756
At 30 November 2022 56,909 623 57,532
4 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts - 4,568
Trade creditors 3,023 2,305
Taxation and social security costs 1,889 2,543
Other creditors 118,017 107,073
122,929 116,489
5 Controlling party
G H W Marsh owns 51% of the share capital of the company.
6 Other information
Penrhyn Old Hall Developments Limited is a private company limited by shares and incorporated in England and Wales. Its registered office is:
Penrhyn Old Road
Penrhyn Bay
Llandudno
Conwy
LL30 3EE
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