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REGISTERED NUMBER: 08236229 (England and Wales)















Financial Statements for the Year Ended 31 October 2023

for

Pennystone Properties Limited

Pennystone Properties Limited (Registered number: 08236229)






Contents of the Financial Statements
for the Year Ended 31 October 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Pennystone Properties Limited

Company Information
for the Year Ended 31 October 2023







DIRECTOR: D Murphy





REGISTERED OFFICE: 116 Duke Street
Liverpool
Merseyside
L1 5JW





REGISTERED NUMBER: 08236229 (England and Wales)





ACCOUNTANTS: Cobham Murphy
116 Duke Street
Liverpool
Merseyside
L1 5JW

Pennystone Properties Limited (Registered number: 08236229)

Balance Sheet
31 October 2023

31.10.23 31.10.22
Notes £    £   
CURRENT ASSETS
Debtors 5 130,958 146,466
Cash at bank 1,478 624
132,436 147,090
CREDITORS
Amounts falling due within one year 6 233,712 226,352
NET CURRENT LIABILITIES (101,276 ) (79,262 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(101,276

)

(79,262

)

CREDITORS
Amounts falling due after more than
one year

7

32,410

37,039
NET LIABILITIES (133,686 ) (116,301 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (133,786 ) (116,401 )
SHAREHOLDERS' FUNDS (133,686 ) (116,301 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Pennystone Properties Limited (Registered number: 08236229)

Balance Sheet - continued
31 October 2023


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 director and authorised for issue on 15 May 2024 and were signed by:





D Murphy - Director


Pennystone Properties Limited (Registered number: 08236229)

Notes to the Financial Statements
for the Year Ended 31 October 2023

1. STATUTORY INFORMATION

Pennystone Properties 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.

Significant judgements and estimates
There are no judgements (apart from those involving estimates) that have had a significant effect on amounts recognised in the financial statements.

Turnover
Turnover is measured at the fair value of the consideration received or receivable on property development, excluding discounts, rebates, value added tax and other sales taxes. Turnover is recognised as the services are completed.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Financial instruments
Other loans are initially measured at the present value of future payments, discounted at a market rate of interest, and subsequently at amortised cost using the effective interest method.

Directors loans and intercompany loans (being repayable on demand), trade debtors and trade creditors are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit and loss.

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 balance sheet date.


Pennystone Properties Limited (Registered number: 08236229)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 November 2022
and 31 October 2023 2,218
DEPRECIATION
At 1 November 2022
and 31 October 2023 2,218
NET BOOK VALUE
At 31 October 2023 -
At 31 October 2022 -

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Amounts owed by group undertakings 126,991 142,663
Amounts owed by associates 3,967 -
Other debtors - 3,803
130,958 146,466

All debtors are considered recoverable.

Pennystone Properties Limited (Registered number: 08236229)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Bank loans and overdrafts 5,556 5,556
Amounts owed to associates 34,421 37,203
Taxation and social security 54 54
Other creditors 193,681 183,539
233,712 226,352

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.10.23 31.10.22
£    £   
Bank loans 32,410 37,039

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 10,187 14,816

8. RELATED PARTY DISCLOSURES

The following balances were included within other debtors / (creditors),

20232022
££
DMUR Group Limited126,991 142,663
Atlantic Towers Developments Limited(34,421 )(37,202 )
Mercury Car Parks Limited-78
Vauxhall Residential Developments Limited3,967-

The companies are related by common control.

All balances are interest free and repayable on demand.