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Company Registration No. 12856991 (England and Wales)
PENNAF PREMIER PROPERTIES LTD Unaudited accounts for the year ended 30 September 2024
PENNAF PREMIER PROPERTIES LTD Unaudited accounts Contents
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PENNAF PREMIER PROPERTIES LTD Company Information for the year ended 30 September 2024
Director
C Vincent
Company Number
12856991 (England and Wales)
Registered Office
34 STATION ROAD PORT TALBOT SA13 1JS WALES
Accountants
STAS Ltd 253 Cowbridge Road West Cardiff CF5 5TD
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PENNAF PREMIER PROPERTIES LTD Statement of financial position as at 30 September 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
4,829 
- 
Current assets
Debtors
3,480 
4,820 
Cash at bank and in hand
7,727 
19,777 
11,207 
24,597 
Creditors: amounts falling due within one year
(9,710)
(14,260)
Net current assets
1,497 
10,337 
Net assets
6,326 
10,337 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
6,325 
10,336 
Shareholders' funds
6,326 
10,337 
For the year ending 30 September 2024 the company was entitled to exemption from audit 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 director acknowledges her 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 31 March 2025 and were signed on its behalf by
C Vincent Director Company Registration No. 12856991
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PENNAF PREMIER PROPERTIES LTD Notes to the Accounts for the year ended 30 September 2024
1
Statutory information
PENNAF PREMIER PROPERTIES LTD is a private company, limited by shares, registered in England and Wales, registration number 12856991. The registered office is 34 STATION ROAD, PORT TALBOT, SA13 1JS, WALES.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the provision of services is recognised at the time the service is performed.
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
4 years
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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PENNAF PREMIER PROPERTIES LTD Notes to the Accounts for the year ended 30 September 2024
4
Tangible fixed assets
Motor vehicles 
£ 
Cost or valuation
At cost 
At 1 October 2023
- 
Additions
5,795 
At 30 September 2024
5,795 
Depreciation
Charge for the year
966 
At 30 September 2024
966 
Net book value
At 30 September 2024
4,829 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
3,480 
3,075 
Other debtors
- 
1,745 
3,480 
4,820 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
5,331 
6,099 
Trade creditors
553 
337 
Taxes and social security
2,764 
6,876 
Other creditors
337 
223 
Accruals
725 
725 
9,710 
14,260 
7
Average number of employees
During the year the average number of employees was 4 (2023: 4).
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