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Company Registration No. 11833478 (England and Wales)
PENNYH LTD Unaudited accounts for the period from 1 March 2023 to 28 February 2024
PENNYH LTD Unaudited accounts Contents
Page
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PENNYH LTD Company Information for the period from 1 March 2023 to 28 February 2024
Director
Pernille Hannibal
Company Number
11833478 (England and Wales)
Registered Office
4 Haversham Apartments 12 Wyndham Road London SE5 0UH England
Accountants
Accounts Studio Ltd 20-22 Wenlock Road London N1 7GU
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PENNYH LTD Statement of financial position as at 28 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
838 
2,910 
Current assets
Debtors
- 
10,313 
Cash at bank and in hand
48,907 
36,155 
48,907 
46,468 
Creditors: amounts falling due within one year
(42,438)
(27,716)
Net current assets
6,469 
18,752 
Net assets
7,307 
21,662 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
7,207 
21,562 
Shareholders' funds
7,307 
21,662 
For the period ending 28 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 director acknowledges her 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 and authorised for issue on 4 November 2024 and were signed on its behalf by
Pernille Hannibal Director Company Registration No. 11833478
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PENNYH LTD Notes to the Accounts for the period from 1 March 2023 to 28 February 2024
1
Statutory information
PENNYH LTD is a private company, limited by shares, registered in England and Wales, registration number 11833478. The registered office is 4 Haversham Apartments, 12 Wyndham Road, London, SE5 0UH, England.
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 period, 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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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:
Fixtures & fittings
33.33% straight line
Computer equipment
33.33% straight line
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 March 2023
1,265 
4,949 
6,214 
At 28 February 2024
1,265 
4,949 
6,214 
Depreciation
At 1 March 2023
422 
2,882 
3,304 
Charge for the period
422 
1,650 
2,072 
At 28 February 2024
844 
4,532 
5,376 
Net book value
At 28 February 2024
421 
417 
838 
At 28 February 2023
843 
2,067 
2,910 
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PENNYH LTD Notes to the Accounts for the period from 1 March 2023 to 28 February 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
- 
10,313 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
5,962 
4,421 
Loans from directors
36,476 
23,295 
42,438 
27,716 
7
Average number of employees
During the period the average number of employees was 1 (2023: 1).
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