Company Registration No. 07969333 (England and Wales)
Pennant Property Limited
Unaudited accounts
for the year ended 29 February 2024
Pennant Property Limited
Unaudited accounts
Contents
Pennant Property Limited
Company Information
for the year ended 29 February 2024
Directors
Jonathan Guppy
Jonathan Guppy
Company Number
07969333 (England and Wales)
Registered Office
WILLOWSDALE 1 PLATT BRIDGE
RUYTON XI TOWNS
SHREWSBURY
SHROPSHIRE
SY4 1LS
UNITED KINGDOM
Accountants
Number 10 Accounting Limited
Office 1, The Civic Centre
New Street
Stourport on Severn
Worcestershire
DY13 8UN
Pennant Property Limited
Statement of financial position
as at 29 February 2024
Tangible assets
4,167
5,558
Cash at bank and in hand
2,954
61,042
Creditors: amounts falling due within one year
(144,007)
(189,538)
Net current liabilities
(135,628)
(122,878)
Total assets less current liabilities
(131,461)
(117,320)
Creditors: amounts falling due after more than one year
(10,610)
(14,290)
Net liabilities
(142,071)
(131,610)
Called up share capital
1
1
Profit and loss account
(142,072)
(131,611)
Shareholders' funds
(142,071)
(131,610)
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 25 November 2024 and were signed on its behalf by
Jonathan Guppy
Director
Company Registration No. 07969333
Pennant Property Limited
Notes to the Accounts
for the year ended 29 February 2024
Pennant Property Limited is a private company, limited by shares, registered in England and Wales, registration number 07969333. The registered office is WILLOWSDALE 1 PLATT BRIDGE, RUYTON XI TOWNS, SHREWSBURY, SHROPSHIRE, SY4 1LS, 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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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
Computer equipment
33% reducing balance
4
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 March 2023
17,555
158
17,713
At 29 February 2024
17,555
158
17,713
At 1 March 2023
12,013
142
12,155
Charge for the year
1,386
5
1,391
At 29 February 2024
13,399
147
13,546
At 29 February 2024
4,156
11
4,167
At 28 February 2023
5,542
16
5,558
Pennant Property Limited
Notes to the Accounts
for the year ended 29 February 2024
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2024
2023
Other creditors
41,693
41,884
Loans from directors
101,557
145,481
7
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
6,530
8,533
8
Average number of employees
During the year the average number of employees was 1 (2023: 1).