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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
Page
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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
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Pennant Property Limited Statement of financial position as at 29 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
4,167 
5,558 
Current assets
Debtors
5,425 
5,618 
Cash at bank and in hand
2,954 
61,042 
8,379 
66,660 
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)
Capital and reserves
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
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Pennant Property Limited Notes to the Accounts for the year ended 29 February 2024
1
Statutory information
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.
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:
Land & buildings
None
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 
Depreciation
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 
Net book value
At 29 February 2024
4,156 
11 
4,167 
At 28 February 2023
5,542 
16 
5,558 
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Pennant Property Limited Notes to the Accounts for the year ended 29 February 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
120 
825 
Other debtors
5,305 
4,793 
5,425 
5,618 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
277 
1,693 
Other creditors
41,693 
41,884 
Loans from directors
101,557 
145,481 
Accruals
480 
480 
144,007 
189,538 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
4,080 
5,757 
Obligations under finance leases and hire purchase contracts
6,530 
8,533 
10,610 
14,290 
8
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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