1 February 2023 false No description of principal activity Taxfiler 2024.5 SC585898business:PrivateLimitedCompanyLtd2023-02-012024-01-31 SC5858982023-01-31 SC5858982023-02-012024-01-31 SC585898business:AuditExempt-NoAccountantsReport2023-02-012024-01-31 SC585898business:FilletedAccounts2023-02-012024-01-31 SC5858982024-01-31 SC585898business:Director12023-02-012024-01-31 SC585898business:Director22023-02-012024-01-31 SC585898business:RegisteredOffice2023-02-012024-01-31 SC5858982023-01-31 SC585898core:WithinOneYear2024-01-31 SC585898core:WithinOneYear2023-01-31 SC585898core:ShareCapitalcore:PreviouslyStatedAmount2024-01-31 SC585898core:ShareCapitalcore:PreviouslyStatedAmount2023-01-31 SC585898core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-01-31 SC585898core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-01-31 SC585898core:PreviouslyStatedAmount2024-01-31 SC585898core:PreviouslyStatedAmount2023-01-31 SC585898business:SmallEntities2023-02-012024-01-31 SC585898countries:Scotland2023-02-012024-01-31 SC5858982022-02-012023-01-31 iso4217:GBP xbrli:pure
Company Registration No. SC585898 (Scotland)
Pennington & Lori Property Ltd Unaudited accounts for the year ended 31 January 2024
Pennington & Lori Property Ltd Unaudited accounts Contents
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Pennington & Lori Property Ltd Company Information for the year ended 31 January 2024
Directors
Brodie Raymond McKay Govan Julia Lynn Pennington
Company Number
SC585898 (Scotland)
Registered Office
35 Wardie Road Edinburgh Midlothian EH5 3LJ Scotland
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Pennington & Lori Property Ltd Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Investment property
855,115 
565,906 
Current assets
Debtors
2,176 
586 
Cash at bank and in hand
65,109 
33,240 
67,285 
33,826 
Creditors: amounts falling due within one year
(953,100)
(619,808)
Net current liabilities
(885,815)
(585,982)
Net liabilities
(30,700)
(20,076)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(30,800)
(20,176)
Shareholders' funds
(30,700)
(20,076)
For the year ending 31 January 2024 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 directors acknowledge their 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 of Directors and authorised for issue on 31 October 2024 and were signed on its behalf by
Brodie Raymond McKay Govan Director Company Registration No. SC585898
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Pennington & Lori Property Ltd Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
Pennington & Lori Property Ltd is a private company, limited by shares, registered in Scotland, registration number SC585898. The registered office is 35 Wardie Road, Edinburgh, Midlothian, EH5 3LJ, Scotland.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
4
Investment property
2024 
£ 
Fair value at 1 February 2023
565,906 
Additions
289,209 
At 31 January 2024
855,115 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
550 
- 
Other debtors
1,626 
586 
2,176 
586 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Other creditors
905,408 
592,099 
Loans from directors
47,692 
27,709 
953,100 
619,808 
7
Transactions with related parties
Included within other creditors is an amount of £904,108 due to Voyage Power Ltd from the company (2023: £592,099). Voyage Power Ltd is a company controlled by directors Brodie Raymond Mckay Govan and Julia Lynn Pennington.
8
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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