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Company Registration No. 13909196 (England and Wales)
Pengraigwen Stables and Holiday Lets Ltd Unaudited accounts for the year ended 29 February 2024
Pengraigwen Stables and Holiday Lets Ltd Unaudited accounts Contents
Page
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Pengraigwen Stables and Holiday Lets Ltd Company Information for the year ended 29 February 2024
Directors
B F Hubbard M E Cumming
Company Number
13909196 (England and Wales)
Registered Office
203 West Street Fareham PO16 0EN United Kingdom
Accountants
Taxsense 203 West Street Fareham Hants PO16 0EN
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Pengraigwen Stables and Holiday Lets Ltd Accountants' report
Accountants' report to the board of directors of Pengraigwen Stables and Holiday Lets Ltd on the preparation of the unaudited statutory accounts for the year ended 29 February 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Pengraigwen Stables and Holiday Lets Ltd for the year ended 29 February 2024 as set out on pages 5 - 7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Pengraigwen Stables and Holiday Lets Ltd, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Pengraigwen Stables and Holiday Lets Ltd and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Pengraigwen Stables and Holiday Lets Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Pengraigwen Stables and Holiday Lets Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Pengraigwen Stables and Holiday Lets Ltd. You consider that Pengraigwen Stables and Holiday Lets Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Pengraigwen Stables and Holiday Lets Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Taxsense 203 West Street Fareham Hants PO16 0EN 11 October 2024
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Pengraigwen Stables and Holiday Lets Ltd Statement of financial position as at 29 February 2024
2024 
2023 
Notes
£ 
£ 
Called up share capital not paid
- 
100 
Fixed assets
Tangible assets
17,246 
22,515 
Current assets
Debtors
348,372 
356,266 
Cash at bank and in hand
1,809 
- 
350,181 
356,266 
Creditors: amounts falling due within one year
(1,421)
(922)
Net current assets
348,760 
355,344 
Total assets less current liabilities
366,006 
377,959 
Creditors: amounts falling due after more than one year
(385,582)
(384,023)
Net liabilities
(19,576)
(6,064)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(19,676)
(6,164)
Shareholders' funds
(19,576)
(6,064)
For the year ending 29 February 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 11 October 2024 and were signed on its behalf by
B F Hubbard Director Company Registration No. 13909196
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Pengraigwen Stables and Holiday Lets Ltd Notes to the Accounts for the year ended 29 February 2024
1
Statutory information
Pengraigwen Stables and Holiday Lets Ltd is a private company, limited by shares, registered in England and Wales, registration number 13909196. The registered office is 203 West Street, Fareham, PO16 0EN, United Kingdom.
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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Reducing Balance
Motor vehicles
25% Reducing Balance
Computer equipment
25% Reducing Balance
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 March 2023
7,375 
21,000 
259 
28,634 
Additions
- 
- 
444 
444 
At 29 February 2024
7,375 
21,000 
703 
29,078 
Depreciation
At 1 March 2023
1,612 
4,465 
42 
6,119 
Charge for the year
1,441 
4,134 
138 
5,713 
At 29 February 2024
3,053 
8,599 
180 
11,832 
Net book value
At 29 February 2024
4,322 
12,401 
523 
17,246 
At 28 February 2023
5,763 
16,535 
217 
22,515 
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Pengraigwen Stables and Holiday Lets Ltd Notes to the Accounts for the year ended 29 February 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
80 
- 
Other debtors
348,292 
356,266 
348,372 
356,266 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Loans from directors
1,421 
922 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
385,582 
384,023 
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
9
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
B F Hubbard
Director Loan Account
356,365 
(9,634)
(1,061)
347,792 
356,365 
(9,634)
(1,061)
347,792 
10
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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