2023-01-012023-12-312023-12-31false13795143PENNEY IBEX PROPERTIES 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PENNEY IBEX PROPERTIES LIMITED

Registered Number
13795143
(England and Wales)

Unaudited Financial Statements for the Year ended
31 December 2023

PENNEY IBEX PROPERTIES LIMITED
Company Information
for the year from 1 January 2023 to 31 December 2023

Directors

PENNEY, Elizabeth Jane
PENNEY, Roger Stuart

Registered Address

24 Cloister Crofts
Leamington Spa
CV32 6QQ

Registered Number

13795143 (England and Wales)
PENNEY IBEX PROPERTIES LIMITED
Balance Sheet as at
31 December 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Investment property3327,850327,850
327,850327,850
Current assets
Cash at bank and on hand20,56113,819
20,56113,819
Creditors amounts falling due within one year4(341,619)(337,931)
Net current assets (liabilities)(321,058)(324,112)
Total assets less current liabilities6,7923,738
Net assets6,7923,738
Capital and reserves
Called up share capital4040
Profit and loss account6,7523,698
Shareholders' funds6,7923,738
The financial statements were approved and authorised for issue by the Board of Directors on 20 September 2024, and are signed on its behalf by:
PENNEY, Elizabeth Jane
Director
Registered Company No. 13795143
PENNEY IBEX PROPERTIES LIMITED
Notes to the Financial Statements
for the year ended 31 December 2023

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rent of investment property and from the rendering of services.
Investment property
Investment Property is shown at cost.
2.Average number of employees

20232022
Average number of employees during the year00
3.Investment property

£
Fair value at 01 January 23327,850
At 31 December 23327,850
4.Creditors: amounts due within one year

2023

2022

££
Amounts owed to related parties340,069336,225
Taxation and social security716896
Accrued liabilities and deferred income834810
Total341,619337,931
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.