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REGISTERED NUMBER: 07778781 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 September 2024

for

Pentire Investments Limited

Pentire Investments Limited (Registered number: 07778781)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Pentire Investments Limited

Company Information
for the Year Ended 30 September 2024







DIRECTORS: Mr R J H Palmer
Mrs L Palmer





SECRETARY: Mrs L Palmer





REGISTERED OFFICE: Hine House
25 Regent Street
Nottingham
NG1 5BS





REGISTERED NUMBER: 07778781 (England and Wales)





ACCOUNTANTS: Mellor Oxland LLP
Hine House
25 Regent Street
Nottingham
Nottinghamshire
NG1 5BS

Pentire Investments Limited (Registered number: 07778781)

Balance Sheet
30 September 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 - 315
Investments 5 150,378 216,156
Investment property 6 875,000 850,000
1,025,378 1,066,471

CURRENT ASSETS
Debtors 7 34,585 15,618
Cash at bank 170,253 116,969
204,838 132,587
CREDITORS
Amounts falling due within one year 8 915,482 892,520
NET CURRENT LIABILITIES (710,644 ) (759,933 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

314,734

306,538

PROVISIONS FOR LIABILITIES 48,894 42,645
NET ASSETS 265,840 263,893

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Revaluation reserve 245,538 226,788
Retained earnings 19,302 36,105
265,840 263,893

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 14 May 2025 and were signed on its behalf by:





Mr R J H Palmer - Director


Pentire Investments Limited (Registered number: 07778781)

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

1. STATUTORY INFORMATION

Pentire Investments 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 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.
Plant and machinery etc - 33% on cost and straight line over 3 years

Investment property
Investment properties for which fair value can be measured reliably without undue cost or effort are measured at fair value at each reporting date with changes in fair value recognised in the profit and loss.
The investment property fair value of £875,000 (2023 £850,000) was determined by the directors by analysing current market prices for comparable property, adjusted for any difference in nature, location and condition.

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 1 (2023 - 1 ) .

Pentire Investments Limited (Registered number: 07778781)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 October 2023
and 30 September 2024 4,925
DEPRECIATION
At 1 October 2023 4,610
Charge for year 315
At 30 September 2024 4,925
NET BOOK VALUE
At 30 September 2024 -
At 30 September 2023 315

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 October 2023 216,156
Disposals (36,078 )
Revaluations (29,700 )
At 30 September 2024 150,378
NET BOOK VALUE
At 30 September 2024 150,378
At 30 September 2023 216,156

The historic cost of unlisted investments is £165,660 (2023 £222,872). Valuations are based on the details provided by the management and advisors of the entities in which the investments have been made.

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 October 2023 850,000
Revaluations 25,000
At 30 September 2024 875,000
NET BOOK VALUE
At 30 September 2024 875,000
At 30 September 2023 850,000

Historic cost of Investment Property is £590,802 (2023 £590,802).

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 34,585 15,618

Pentire Investments Limited (Registered number: 07778781)

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

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other creditors 915,482 892,520

9. RELATED PARTY DISCLOSURES

Creditors include £571,358 (2023 : £571,358) owed to the directors.The loan is currently provided on an interest free basis however the directors reserve the right to charge interest in the future.
At the balance sheet date, accrued interest owed to the directors amounted to £308,243 (2023: £308,243). Interest will be paid to the directors as and when required.