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REGISTERED NUMBER: 06875094 (England and Wales)














Financial Statements for the Year Ended 30 June 2024

for

Pennington Green Limited

Pennington Green Limited (Registered number: 06875094)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Pennington Green Limited

Company Information
for the Year Ended 30 June 2024







DIRECTORS: Mr C L Green
Ms G J Mudge
Mr M H Green





REGISTERED OFFICE: The Retreat
406 Roding Lane South
Woodford Green
Essex
IG8 8EY





REGISTERED NUMBER: 06875094 (England and Wales)





ACCOUNTANTS: Nordens
The Retreat
406 Roding Lane South
Woodford Green
Essex
IG8 8EY

Pennington Green Limited (Registered number: 06875094)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 4,250,000 4,250,000
Investments 5 1,030,000 30,000
5,280,000 4,280,000

CURRENT ASSETS
Debtors 6 700,017 320,360
Cash at bank 306,927 1,321,468
1,006,944 1,641,828
CREDITORS
Amounts falling due within one year 7 (1,780,688 ) (2,410,454 )
NET CURRENT LIABILITIES (773,744 ) (768,626 )
TOTAL ASSETS LESS CURRENT LIABILITIES 4,506,256 3,511,374

PROVISIONS FOR LIABILITIES (48,862 ) (48,862 )
NET ASSETS 4,457,394 3,462,512

CAPITAL AND RESERVES
Called up share capital 30,000 30,000
Revaluation reserve 8 1,244,400 1,244,400
Retained earnings 8 3,182,994 2,188,112
4,457,394 3,462,512

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

Pennington Green Limited (Registered number: 06875094)

Balance Sheet - continued
30 June 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 5 February 2025 and were signed on its behalf by:





Mr M H Green - Director


Pennington Green Limited (Registered number: 06875094)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Pennington Green Limited 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.

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.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Financial instruments
Investments in government bonds are held as fixed assets and are stated at cost less any provision for
impairment. These investments are reviewed annually for indicators of impairment, and where necessary, a
provision is recorded to adjust the carrying amount to its recoverable amount.

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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pennington Green Limited (Registered number: 06875094)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Land and
buildings
£   
COST
At 1 July 2023
and 30 June 2024 4,250,000
NET BOOK VALUE
At 30 June 2024 4,250,000
At 30 June 2023 4,250,000

5. FIXED ASSET INVESTMENTS

30.6.24 30.6.23
£    £   
Shares in group undertakings 30,000 30,000
Other investments not loans 1,000,000 -
1,030,000 30,000

Additional information is as follows:
Shares in
group
undertakings
£   
COST
At 1 July 2023
and 30 June 2024 30,000
NET BOOK VALUE
At 30 June 2024 30,000
At 30 June 2023 30,000

Investments (neither listed nor unlisted) were as follows:
30.6.24 30.6.23
£    £   
Rowan Dartington Gilt Acc 1,000,000 -

Pennington Green Limited (Registered number: 06875094)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 17 1,205
Amounts owed by associates 700,000 317,787
Other debtors - 1,368
700,017 320,360

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Taxation and social security 108,328 94,573
Other creditors 1,672,360 2,315,881
1,780,688 2,410,454

8. RESERVES
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1 July 2023 2,188,112 1,244,400 3,432,512
Profit for the year 994,882 994,882
At 30 June 2024 3,182,994 1,244,400 4,427,394

9. RELATED PARTY DISCLOSURES

The directors C L Green, M H Green and G J Mudge are considered to be key management personnel.