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REGISTERED NUMBER: 00251722 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024

FOR

P.N.G. LIMITED

P.N.G. LIMITED (REGISTERED NUMBER: 00251722)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


P.N.G. LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 5 APRIL 2024







DIRECTORS: Mrs M G Hammond
Mrs J E Sadler
N L Grant





SECRETARY: Mrs M G Hammond





REGISTERED OFFICE: Grantham
37 Park Lane
Bewdley
Worcestershire
DY12 2EU





REGISTERED NUMBER: 00251722 (England and Wales)





ACCOUNTANTS: Crombies Accountants Limited
Chartered Accountants
34 Waterloo Road
Wolverhampton
West Midlands
WV1 4DG

P.N.G. LIMITED (REGISTERED NUMBER: 00251722)

STATEMENT OF FINANCIAL POSITION
5 APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investments 4 442,982 456,164

CURRENT ASSETS
Debtors 5 152 13
Cash at bank 51,776 51,795
51,928 51,808
CREDITORS
Amounts falling due within one year 6 5,304 4,881
NET CURRENT ASSETS 46,624 46,927
TOTAL ASSETS LESS CURRENT
LIABILITIES

489,606

503,091

PROVISIONS FOR LIABILITIES 80,769 83,273
NET ASSETS 408,837 419,818

CAPITAL AND RESERVES
Called up share capital 8,000 8,000
Fair value reserve 7 296,431 309,613
Retained earnings 7 104,406 102,205
SHAREHOLDERS' FUNDS 408,837 419,818

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 5 April 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

P.N.G. LIMITED (REGISTERED NUMBER: 00251722)

STATEMENT OF FINANCIAL POSITION - continued
5 APRIL 2024


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 Board of Directors and authorised for issue on 27 August 2024 and were signed on its behalf by:





Mrs M G Hammond - Director


P.N.G. LIMITED (REGISTERED NUMBER: 00251722)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024

1. STATUTORY INFORMATION

P.N.G. Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 represents investment income received and receivable.


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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Consolidation
The accounts present information as an individual company and not as a group.

The company and its subsidiary company comprise a small group. The company has therefore taken advantage of the exemptions provided by section 398 of the Companies Act 2006 not to prepare group accounts.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

P.N.G. LIMITED (REGISTERED NUMBER: 00251722)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 5 APRIL 2024

4. FIXED ASSET INVESTMENTS
Listed Unlisted
investments investments Totals
£    £    £   
COST OR VALUATION
At 6 April 2023 442,877 13,287 456,164
Revaluations (13,182 ) - (13,182 )
At 5 April 2024 429,695 13,287 442,982
NET BOOK VALUE
At 5 April 2024 429,695 13,287 442,982
At 5 April 2023 442,877 13,287 456,164

Cost or valuation at 5 April 2024 is represented by:

Listed Unlisted
investments investments Totals
£    £    £   
Valuation in 2021 438,280 13,287 451,567
Valuation in 2022 4,597 - 4,597
Valuation in 2024 (13,182 ) - (13,182 )
429,695 13,287 442,982

Listed investments have been valued on an open market basis as at the balance sheet date.

Unlisted investments reflect the cost of the investment in the subsidiary James Turner (Builders) Limited.

Market value of listed investments at 5 April 2024 - £ 429,695 .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amount due from subsidiary company 152 13

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 1,920 1,861
Directors' loan accounts 3,384 3,020
5,304 4,881

P.N.G. LIMITED (REGISTERED NUMBER: 00251722)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 5 APRIL 2024

7. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 6 April 2023 102,205 309,613 411,818
Profit for the year 66,201 66,201
Dividends (64,000 ) (64,000 )
Listed Investments - (13,182 ) (13,182 )
At 5 April 2024 104,406 296,431 400,837