REGISTERED NUMBER: |
Pen Palmant Limited |
Unaudited Financial Statements |
for the Year Ended 31 March 2024 |
REGISTERED NUMBER: |
Pen Palmant Limited |
Unaudited Financial Statements |
for the Year Ended 31 March 2024 |
Pen Palmant Limited (Registered number: 13430376) |
Contents of the Financial Statements |
for the year ended 31 March 2024 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
Pen Palmant Limited |
Company Information |
for the year ended 31 March 2024 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
Irish Square |
Upper Denbigh Road |
St Asaph |
Denbighshire |
LL17 0RN |
Pen Palmant Limited (Registered number: 13430376) |
Balance Sheet |
31 March 2024 |
2024 | 2023 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 5 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
( |
) |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings | ( |
) | ( |
) |
( |
) | ( |
) |
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. |
The financial statements were approved by the Board of Directors and authorised for issue on |
Pen Palmant Limited (Registered number: 13430376) |
Notes to the Financial Statements |
for the year ended 31 March 2024 |
1. | STATUTORY INFORMATION |
Pen Palmant Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
As at the balance sheet date, the company had net liabilities. The parent company aims to continue to support the company for the foreseeable future. |
Tangible fixed assets |
Tangible assets are held at costs and reviewed annually for impairment, no depreciation is provided. |
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. |
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 |
4. | TANGIBLE FIXED ASSETS |
Land and |
buildings |
£ |
COST |
At 1 April 2023 |
and 31 March 2024 |
NET BOOK VALUE |
At 31 March 2024 |
At 31 March 2023 |
5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Trade creditors |
Amounts owed to group undertakings |
Other creditors |
Pen Palmant Limited (Registered number: 13430376) |
Notes to the Financial Statements - continued |
for the year ended 31 March 2024 |
6. | ULTIMATE PARENT COMPANY |
Jones Bros Ruthin Development Holdings Limited is regarded by the directors as being the company's ultimate parent company. |
The immediate and ultimate parent company is Jones Bros Ruthin Development Holdings Limited. |
7. | RELATED PARTY DISCLOSURES |
Jones Bros Ruthin Development Holdings Limited |
The ultimate parent company of Pen Palmant Limited. |
As at 31st March 2024 £2,081,614 (2023: £2,085,509) was owed to Jones Bros Ruthin Development Holdings Limited from Pen Palmant Limited. There are no defined repayment terms and no interest is charged. |
8. | ULTIMATE CONTROLLING PARTY |
The ultimate control lies with Mrs H M L Morgan, Mrs C A Johnson, Mr H Jones and Mrs B Jones, who between them own all the equity share capital of Jones Bros Developments Holdings Limited. |