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REGISTERED NUMBER: 12833825 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 December 2024

for

Penzer Property Investments Ltd

Penzer Property Investments Ltd (Registered number: 12833825)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Penzer Property Investments Ltd

Company Information
for the Year Ended 31 December 2024







DIRECTORS: Mrs K Sangha
G Sangha





REGISTERED OFFICE: 794 High Street
Kingswinford
West Midlands
DY6 8BQ





BUSINESS ADDRESS: 17 Penzer Street
Kingswinford
West Midlands
DY6 7AA





REGISTERED NUMBER: 12833825 (England and Wales)





ACCOUNTANTS: Dalton Pardoe Limited
Chartered Accountants
794 High Street
Kingswinford
West Midlands
DY6 8BQ

Penzer Property Investments Ltd (Registered number: 12833825)

Balance Sheet
31 December 2024

31.12.24 31.12.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,022,872 510,671

CURRENT ASSETS
Cash at bank 381 11,218

CREDITORS
Amounts falling due within one year 5 715,081 525,128
NET CURRENT LIABILITIES (714,700 ) (513,910 )
TOTAL ASSETS LESS CURRENT LIABILITIES 308,172 (3,239 )

CAPITAL AND RESERVES
Called up share capital 6 2 2
Retained earnings 7 308,170 (3,241 )
SHAREHOLDERS' FUNDS 308,172 (3,239 )

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

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

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 28 March 2025 and were signed on its behalf by:





G Sangha - Director


Penzer Property Investments Ltd (Registered number: 12833825)

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

1. STATUTORY INFORMATION

Penzer Property Investments 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.
Computer equipment - 25% 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 2 ) .

Penzer Property Investments Ltd (Registered number: 12833825)

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

4. TANGIBLE FIXED ASSETS
Freehold Computer
property equipment Totals
£    £    £   
COST OR VALUATION
At 1 January 2024 510,416 340 510,756
Additions 186,947 979 187,926
Revaluations 324,584 - 324,584
At 31 December 2024 1,021,947 1,319 1,023,266
DEPRECIATION
At 1 January 2024 - 85 85
Charge for year - 309 309
At 31 December 2024 - 394 394
NET BOOK VALUE
At 31 December 2024 1,021,947 925 1,022,872
At 31 December 2023 510,416 255 510,671

Cost or valuation at 31 December 2024 is represented by:

Freehold Computer
property equipment Totals
£    £    £   
Valuation in 2024 324,584 - 324,584
Cost 697,363 1,319 698,682
1,021,947 1,319 1,023,266

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Other loans 315,441 204,565
Tax (1,526 ) 1,526
Net wages 6,847 -
Other creditors 2,394 -
Directors' current accounts 391,337 318,395
Accrued expenses 588 642
715,081 525,128

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.24 31.12.23
value: £    £   
2 Ordinary £1 2 2

Penzer Property Investments Ltd (Registered number: 12833825)

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

7. RESERVES
Retained
earnings
£   

At 1 January 2024 (3,241 )
Deficit for the year (12,173 )
Dividends (1,000 )
Revaluation surplus 324,584
At 31 December 2024 308,170

8. ULTIMATE CONTROLLING PARTY

The company is controlled by the two directors who each own 50% of the share capital.