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REGISTERED NUMBER: 04501174 (England and Wales)















PENPERGWM HOUSE LTD

Unaudited Financial Statements

for the Year Ended 31 March 2024






PENPERGWM HOUSE LTD (REGISTERED NUMBER: 04501174)






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


PENPERGWM HOUSE LTD

Company Information
for the Year Ended 31 March 2024







DIRECTORS: H W J Llewelyn
B Llewelyn
C G B Llewelyn





REGISTERED OFFICE: Penpergwm House
Penpergwm
Abergavenny
Monmouthshire
NP7 9AH





REGISTERED NUMBER: 04501174 (England and Wales)





ACCOUNTANTS: O'Brien & Partners
Accountants & Business Advisors
11 New Street
Pontnewydd
Cwmbran
NP44 1EE

PENPERGWM HOUSE LTD (REGISTERED NUMBER: 04501174)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,740,446 2,717,004
Investments 5 100 100
2,740,546 2,717,104

CURRENT ASSETS
Stocks 8,500 8,500
Debtors 6 827,881 701,507
Cash at bank and in hand 68,488 5,045
904,869 715,052
CREDITORS
Amounts falling due within one year 7 295,737 250,440
NET CURRENT ASSETS 609,132 464,612
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,349,678

3,181,716

CREDITORS
Amounts falling due after more than one year 8 (1,020,522 ) (1,116,639 )

PROVISIONS FOR LIABILITIES (128,871 ) (93,488 )
NET ASSETS 2,200,285 1,971,589

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 2,199,285 1,970,589
2,200,285 1,971,589

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

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 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 Board of Directors and authorised for issue on 30 September 2024 and were signed on its behalf by:



H W J Llewelyn - Director


PENPERGWM HOUSE LTD (REGISTERED NUMBER: 04501174)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Penpergwm House Ltd 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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 5% on cost
Plant and machinery - 25% on reducing balance and 5% on cost
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

PENPERGWM HOUSE LTD (REGISTERED NUMBER: 04501174)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 55 (2023 - 54 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 April 2023 2,679,558 353,709 35,048 5,000 3,073,315
Additions - 42,841 - - 42,841
Disposals - (10,899 ) - - (10,899 )
At 31 March 2024 2,679,558 385,651 35,048 5,000 3,105,257
DEPRECIATION
At 1 April 2023 53,821 268,473 29,152 4,865 356,311
Charge for year - 14,787 3,760 34 18,581
Eliminated on disposal - (10,081 ) - - (10,081 )
At 31 March 2024 53,821 273,179 32,912 4,899 364,811
NET BOOK VALUE
At 31 March 2024 2,625,737 112,472 2,136 101 2,740,446
At 31 March 2023 2,625,737 85,236 5,896 135 2,717,004

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 April 2023
and 31 March 2024 100
NET BOOK VALUE
At 31 March 2024 100
At 31 March 2023 100

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 29,843 13,007
Amounts owed by group undertakings 782,002 672,991
Other debtors 16,036 15,509
827,881 701,507

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 94,463 92,809
Trade creditors 18,218 18,918
Taxation and social security 103,190 75,503
Other creditors 79,866 63,210
295,737 250,440

PENPERGWM HOUSE LTD (REGISTERED NUMBER: 04501174)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans 1,020,522 1,116,639

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 659,221 745,403

9. SECURED DEBTS

The following secured debts are included within creditors:

31.3.24 31.3.23
£    £   
Bank loans 1,114,985 1,209,448

The bank loans and overdrafts are secured by a fixed and floating charge over the assets of the company.

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

31.3.24 31.3.23
£    £   
B Llewelyn
Balance outstanding at start of year - -
Amounts advanced 3,806 -
Amounts repaid (3,763 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 43 -

11. ULTIMATE CONTROLLING PARTY

The controlling party is PH Care Holdings Limited, a company registered in England and Wales.