IRIS Accounts Production v24.3.2.46 10569546 Board of Directors Board of Directors 1.8.23 31.7.24 31.7.24 false true false false true false Ordinary shares 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh105695462023-07-31105695462024-07-31105695462023-08-012024-07-31105695462022-07-31105695462022-08-012023-07-31105695462023-07-3110569546ns15:EnglandWales2023-08-012024-07-3110569546ns14:PoundSterling2023-08-012024-07-3110569546ns10:Director12023-08-012024-07-3110569546ns10:Director22023-08-012024-07-3110569546ns10:PrivateLimitedCompanyLtd2023-08-012024-07-3110569546ns10:SmallEntities2023-08-012024-07-3110569546ns10:AuditExempt-NoAccountantsReport2023-08-012024-07-3110569546ns10:SmallCompaniesRegimeForDirectorsReport2023-08-012024-07-3110569546ns10:SmallCompaniesRegimeForAccounts2023-08-012024-07-3110569546ns10:FullAccounts2023-08-012024-07-3110569546ns10:OrdinaryShareClass12023-08-012024-07-3110569546ns10:RegisteredOffice2023-08-012024-07-3110569546ns5:CurrentFinancialInstruments2024-07-3110569546ns5:CurrentFinancialInstruments2023-07-3110569546ns5:Non-currentFinancialInstruments2024-07-3110569546ns5:Non-currentFinancialInstruments2023-07-3110569546ns5:ShareCapital2024-07-3110569546ns5:ShareCapital2023-07-3110569546ns5:RevaluationReserve2024-07-3110569546ns5:RevaluationReserve2023-07-3110569546ns5:RetainedEarningsAccumulatedLosses2024-07-3110569546ns5:RetainedEarningsAccumulatedLosses2023-07-3110569546ns5:PlantMachinery2023-08-012024-07-3110569546ns5:PlantMachinery2023-07-3110569546ns5:PlantMachinery2024-07-3110569546ns5:PlantMachinery2023-07-3110569546ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-08-012024-07-3110569546ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2024-07-3110569546ns5:WithinOneYearns5:CurrentFinancialInstruments2024-07-3110569546ns5:WithinOneYearns5:CurrentFinancialInstruments2023-07-3110569546ns10:OrdinaryShareClass12024-07-3110569546ns5:RevaluationReserve2023-07-31
REGISTERED NUMBER: 10569546 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2024

for

Pennbury Farm Ltd

Pennbury Farm Ltd (Registered number: 10569546)






Contents of the Financial Statements
for the Year Ended 31 July 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Pennbury Farm Ltd

Company Information
for the Year Ended 31 July 2024







DIRECTORS: N G Evans
Mrs T A Evans





REGISTERED OFFICE: 19 Warren Park Way
Enderby
Leicester
LE19 4SA





REGISTERED NUMBER: 10569546 (England and Wales)





ACCOUNTANTS: Carter & Co
19 Warren Park Way
Enderby
Leicester
LE19 4SA

Pennbury Farm Ltd (Registered number: 10569546)

Balance Sheet
31 July 2024

31.7.24 31.7.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 773,104 697,515

CURRENT ASSETS
Debtors 5 7,694 6,081
Cash at bank 41,647 70,142
49,341 76,223
CREDITORS
Amounts falling due within one year 6 554,593 558,445
NET CURRENT LIABILITIES (505,252 ) (482,222 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

267,852

215,293

CREDITORS
Amounts falling due after more than one
year

7

(10,705

)

(9,168

)

PROVISIONS FOR LIABILITIES (25,637 ) (24,130 )
NET ASSETS 231,510 181,995

CAPITAL AND RESERVES
Called up share capital 8 99 99
Revaluation reserve 9 115,884 115,884
Retained earnings 115,527 66,012
SHAREHOLDERS' FUNDS 231,510 181,995

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

Pennbury Farm Ltd (Registered number: 10569546)

Balance Sheet - continued
31 July 2024


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 10 December 2024 and were signed on its behalf by:




N G Evans - Director



Mrs T A Evans - Director


Pennbury Farm Ltd (Registered number: 10569546)

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

1. STATUTORY INFORMATION

Pennbury Farm 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.

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 as modified by the revaluation of certain assets.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 33% on cost and 20% on reducing balance

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

Pennbury Farm Ltd (Registered number: 10569546)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST OR VALUATION
At 1 August 2023 797,680
Additions 209,872
Disposals (110,960 )
At 31 July 2024 896,592
DEPRECIATION
At 1 August 2023 100,165
Charge for year 25,073
Eliminated on disposal (1,750 )
At 31 July 2024 123,488
NET BOOK VALUE
At 31 July 2024 773,104
At 31 July 2023 697,515

The property was valued on an open market basis. In the directors opinion the valuation continues to represent the market value at the balance sheet date.

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST OR VALUATION
Additions 51,899
At 31 July 2024 51,899
DEPRECIATION
Charge for year 3,892
At 31 July 2024 3,892
NET BOOK VALUE
At 31 July 2024 48,007

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade debtors 7,294 5,960
Prepayments 400 121
7,694 6,081

Pennbury Farm Ltd (Registered number: 10569546)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Hire purchase contracts 3,923 -
Trade creditors 78 14
VAT 586 700
Other creditors 5,324 5,324
Directors' current accounts 543,332 551,107
Accrued expenses 1,350 1,300
554,593 558,445

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.24 31.7.23
£    £   
Hire purchase contracts 6,538 -
Other creditors 4,167 9,168
10,705 9,168

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.24 31.7.23
value: £    £   
99 Ordinary shares £1.00 99 99

9. RESERVES
Revaluation
reserve
£   
At 1 August 2023
and 31 July 2024 115,884

10. RELATED PARTY DISCLOSURES

During the year, total dividends of £19,800 (2023 - £50,000) were paid to the directors .