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REGISTERED NUMBER: 14595150 (England and Wales)















PENUMBRA BUSINESS FINANCE LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025






PENUMBRA BUSINESS FINANCE LIMITED (REGISTERED NUMBER: 14595150)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PENUMBRA BUSINESS FINANCE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2025







DIRECTORS: B Garside
S L W German





REGISTERED OFFICE: 2 Buxton Road
High Lane
Stockport
SK6 8AA





REGISTERED NUMBER: 14595150 (England and Wales)





ACCOUNTANTS: Clarke Nicklin LLP
Chartered Accountants
Clarke Nicklin House
Brooks Drive
Cheadle Royal Business Park
Cheadle
Cheshire
SK8 3TD

PENUMBRA BUSINESS FINANCE LIMITED (REGISTERED NUMBER: 14595150)

BALANCE SHEET
31 MARCH 2025

2025 2024
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 152,099 80,748

CURRENT ASSETS
Debtors 5 109,996 79,867
Cash at bank and in hand 58,694 71,963
168,690 151,830
CREDITORS
Amounts falling due within one year 6 99,137 85,867
NET CURRENT ASSETS 69,553 65,963
TOTAL ASSETS LESS CURRENT
LIABILITIES

221,652

146,711

CREDITORS
Amounts falling due after more than one
year

7

(51,467

)

(60,307

)

PROVISIONS FOR LIABILITIES (25,457 ) (5,102 )
NET ASSETS 144,728 81,302

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 144,628 81,202
SHAREHOLDERS' FUNDS 144,728 81,302

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

PENUMBRA BUSINESS FINANCE LIMITED (REGISTERED NUMBER: 14595150)

BALANCE SHEET - continued
31 MARCH 2025


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 5 May 2025 and were signed on its behalf by:





B Garside - Director


PENUMBRA BUSINESS FINANCE LIMITED (REGISTERED NUMBER: 14595150)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025


1. STATUTORY INFORMATION

Penumbra Business Finance 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

PENUMBRA BUSINESS FINANCE LIMITED (REGISTERED NUMBER: 14595150)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2024 - 3 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Motor Computer
property fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2024 - - 72,090 10,048 82,138
Additions 13,527 80,248 - 13,133 106,908
At 31 March 2025 13,527 80,248 72,090 23,181 189,046
DEPRECIATION
At 1 April 2024 - - - 1,390 1,390
Charge for year - 12,417 18,023 5,117 35,557
At 31 March 2025 - 12,417 18,023 6,507 36,947
NET BOOK VALUE
At 31 March 2025 13,527 67,831 54,067 16,674 152,099
At 31 March 2024 - - 72,090 8,658 80,748

PENUMBRA BUSINESS FINANCE LIMITED (REGISTERED NUMBER: 14595150)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025


4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 April 2024
and 31 March 2025 72,090
DEPRECIATION
Charge for year 18,023
At 31 March 2025 18,023
NET BOOK VALUE
At 31 March 2025 54,067
At 31 March 2024 72,090

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 1,163 -
Amounts recoverable on contract 83,702 53,129
Other debtors 25,131 26,738
109,996 79,867

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Bank loans and overdrafts 30,380 -
Hire purchase contracts 8,160 8,160
Taxation and social security 50,341 56,198
Other creditors 10,256 21,509
99,137 85,867

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2025 2024
£    £   
Hire purchase contracts 51,467 60,307

PENUMBRA BUSINESS FINANCE LIMITED (REGISTERED NUMBER: 14595150)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025


8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2025 2024
value: £    £   
100 Ordinary £1 100 100

9. ULTIMATE CONTROLLING PARTY

Penumbra Group Holdings Limited is the ultimate controlling party.