PENARTH RESIDENTIAL PROPERTIES LIMITED

Company Registration Number:
06211553 (England and Wales)

Unaudited statutory accounts for the year ended 30 April 2024

Period of accounts

Start date: 01 May 2023

End date: 30 April 2024

PENARTH RESIDENTIAL PROPERTIES LIMITED

Contents of the Financial Statements

for the Period Ended 30 April 2024

Company Information - 3
Report of the Directors - 4
Profit and Loss Account - 5
Balance sheet - 6
Additional notes - 8
Profit and Loss notes - 11
Balance sheet notes - 13

PENARTH RESIDENTIAL PROPERTIES LIMITED

Company Information

for the Period Ended 30 April 2024




Director: MARK HOWELL
Registered office: 3 Dryden Court
Renfrew Road
London
England
SE11 4NH
Company Registration Number: 06211553 (England and Wales)

PENARTH RESIDENTIAL PROPERTIES LIMITED

Directors' Report Period Ended 30 April 2024

The directors present their report with the financial statements of the company for the period ended 30 April 2024

Principal Activities

Consultancy and property development

Directors

The directors shown below have held office during the whole of the period from 01 May 2023 to 30 April 2024
MARK HOWELL

This report was approved by the board of directors on 29 January 2025
And Signed On Behalf Of The Board By:

Name: MARK HOWELL
Status: Director

PENARTH RESIDENTIAL PROPERTIES LIMITED

Profit and Loss Account

for the Period Ended 30 April 2024


Notes

2024
£

2023
£
Turnover 16,634 5,510
Cost of sales ( 12,655 ) ( 5,054 )
Gross Profit or (Loss) 3,979 456
Income from coronavirus (COVID-19) business support grants 0 0
Distribution Costs ( 0 ) ( 0 )
Administrative Expenses ( 175 ) ( 0 )
Other operating income 0 0
Operating Profit or (Loss) 3,804 456
Interest Receivable and Similar Income 6 0
Interest Payable and Similar Charges ( 0 ) ( 0 )
Profit or (Loss) Before Tax 4 3,810 456
Tax on Profit ( 0 ) ( 0 )
Profit or (Loss) for Period 3,810 456

The notes form part of these financial statements

PENARTH RESIDENTIAL PROPERTIES LIMITED

Balance sheet

As at 30 April 2024


Notes

2024
£

2023
£
Fixed assets
Tangible assets: 6 350 525
Total fixed assets: 350 525
Current assets
Stocks: 0 0
Debtors: 7 111,500 111,500
Cash at bank and in hand: 400 0
Total current assets: 111,900 111,500
Prepayments and accrued income: 0 0
Net current assets (liabilities): 111,900 111,500
Total assets less current liabilities: 112,250 112,025
Creditors: amounts falling due after more than one year: 8 ( 35,097 ) ( 35,697 )
Provision for liabilities: ( 61,026 ) ( 61,026 )
Accruals and deferred income: ( 0 ) ( 0 )
Total net assets (liabilities): 16,127 15,302

The notes form part of these financial statements

PENARTH RESIDENTIAL PROPERTIES LIMITED

Balance sheet continued

As at 30 April 2024


Notes

2024
£

2023
£
Capital and reserves
Called up share capital: 100 100
Revaluation reserve: 9 130,000 130,000
Profit and loss account: ( 113,973 ) ( 114,798 )
Shareholders funds: 16,127 15,302

For the year ending 30 April 2024 the company was entitled to exemption 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.

This report was approved by the board of directors on 29 January 2025
And Signed On Behalf Of The Board By:

Name: MARK HOWELL
Status: Director

The notes form part of these financial statements

PENARTH RESIDENTIAL PROPERTIES LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Proceeds of sale, commission, fees, service charges.

    Tangible fixed assets depreciation policy

    Land: nil
    Buildings: 25 years, straight line
    Equipment: 4 years, straight line

    Valuation information and policy

    Historic cost

PENARTH RESIDENTIAL PROPERTIES LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2024

  • 2. Employees


    2024

    2023
    Average number of employees during the period 1 1

PENARTH RESIDENTIAL PROPERTIES LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2024

  • 3. Off balance sheet disclosure

    No

PENARTH RESIDENTIAL PROPERTIES LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2024

4.Profit or (Loss) before tax

Turnover is receipts from short term accommodation income at Dryden Court, Lambeth, together with consultancy and management fees and commission.
Cost of sales is rent paid and miscellaneous expenses.
Administrative expenses is technology depreciation

PENARTH RESIDENTIAL PROPERTIES LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2024

5. Dividends


2024
£

2023
£
Dividends paid 0 0

PENARTH RESIDENTIAL PROPERTIES LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2024

6. Tangible assets

Office equipment Total
Cost £ £
At 01 May 2023 700 700
Additions 0 0
Disposals ( 0 ) ( 0 )
Revaluations 0 0
Transfers 0 0
At 30 April 2024 700 700
Depreciation
At 01 May 2023 175 175
Charge for year 175 175
On disposals ( 0 ) ( 0 )
Other adjustments 0 0
At 30 April 2024 350 350
Net book value
At 30 April 2024 350 350
At 30 April 2023 525 525

PENARTH RESIDENTIAL PROPERTIES LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2024

7. Debtors


2024
£

2023
£
Trade debtors 0 0
Prepayments and accrued income 0 0
Other debtors 111,500 111,500
Total 111,500 111,500
Debtors due after more than one year: 0 0

Deposit held by R Hayward and K Athay

PENARTH RESIDENTIAL PROPERTIES LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2024

8.Creditors: amounts falling due after more than one year


2024
£

2023
£
Bank loans and overdrafts 5,896 5,896
Other creditors 29,201 29,801
Total 35,097 35,697

Overdraft £5896
Bounce back loan £17,400
Director's loan £11,801

PENARTH RESIDENTIAL PROPERTIES LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2024

9. Revaluation reserve


2024
£
Balance at 01 May 2023 130,000
Surplus or deficit after revaluation 0
Balance at 30 April 2024 130,000

Gain from deferred sale.

PENARTH RESIDENTIAL PROPERTIES LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2024

  • 10. Financial Commitments

    The company has no acquisition commitments.

PENARTH RESIDENTIAL PROPERTIES LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2024

11.1. Loans to Directors

Name of director receiving advance or credit: MARK HOWELL
Description of the transaction:
No advances this year.
Balance at 01 May 2023 11,801
Advances or credits made: 0
Advances or credits repaid: 0
Balance at 30 April 2024 11,801