PENCOMBE HALL LTD

Company Registration Number:
07136435 (England and Wales)

Unaudited abridged accounts for the year ended 31 March 2024

Period of accounts

Start date: 01 April 2023

End date: 31 March 2024

PENCOMBE HALL LTD

Contents of the Financial Statements

for the Period Ended 31 March 2024

Balance sheet
Notes

PENCOMBE HALL LTD

Balance sheet

As at 31 March 2024


Notes

2024

2023


£

£
Fixed assets
Intangible assets: 3 0 60,417
Tangible assets: 4 49,928 50,206
Total fixed assets: 49,928 110,623
Current assets
Debtors:   90,136 2,808
Cash at bank and in hand: 114,688 99,404
Total current assets: 204,824 102,212
Creditors: amounts falling due within one year:   (112,020) (94,069)
Net current assets (liabilities): 92,804 8,143
Total assets less current liabilities: 142,732 118,766
Creditors: amounts falling due after more than one year:   (138,171) (115,064)
Total net assets (liabilities): 4,561 3,702
Capital and reserves
Called up share capital: 1,000 1,000
Profit and loss account: 3,561 2,702
Shareholders funds: 4,561 3,702

The notes form part of these financial statements

PENCOMBE HALL LTD

Balance sheet statements

For the year ending 31 March 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 19 February 2025
and signed on behalf of the board by:

Name: Mr D I Cope
Status: Director

The notes form part of these financial statements

PENCOMBE HALL LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

1. Accounting policies

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

Turnover policy

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

Tangible fixed assets and depreciation policy

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following basis:- Land and buildings Leasehold No depreciation Fixtures, fittings and equipment 25% Straight Line The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss

Intangible fixed assets and amortisation policy

Intangible Fixed Assets - Goodwill Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life, which is 10 years.

Other accounting policies

Related Party Transactions Included in other creditors is an amount of £59,883 (31st March 2023 - £57,621) owed by the company to Four Seasons Mickleton Limited, a company which Mr David Cope is director and 100% shareholder There are no terms agreed and the loan is repayable on demand. Included in other creditors is an amount of £65,788 (31st March 2023 - £34,943) owed by the company to Salford House Limited, a company of which Mr David Cope is director and 100% shareholder. There are no terms agreed and the loan is repayable on demand

PENCOMBE HALL LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

2. Employees

2024 2023
Average number of employees during the period 26 28

PENCOMBE HALL LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

3. Intangible Assets

Total
Cost £
At 01 April 2023 580,000
At 31 March 2024 580,000
Amortisation
At 01 April 2023 519,583
Charge for year 60,417
At 31 March 2024 580,000
Net book value
At 31 March 2024 0
At 31 March 2023 60,417

PENCOMBE HALL LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

4. Tangible Assets

Total
Cost £
At 01 April 2023 103,966
At 31 March 2024 103,966
Depreciation
At 01 April 2023 53,760
Charge for year 278
At 31 March 2024 54,038
Net book value
At 31 March 2024 49,928
At 31 March 2023 50,206

Lloyds Bank Plc holds a fixed and floating charge that covers all the property or undertakings of the company.