Company registration number 09350317 (England and Wales)
PENNY INVESTMENTS 2014 LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
PAGES FOR FILING WITH REGISTRAR
PENNY INVESTMENTS 2014 LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
PENNY INVESTMENTS 2014 LTD
BALANCE SHEET
AS AT 31 DECEMBER 2024
31 December 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Investments
3
1
1
Current assets
Debtors
4
231,309
273,712
Cash at bank and in hand
59
651
231,368
274,363
Creditors: amounts falling due within one year
5
(7,602)
(6,536)
Net current assets
223,766
267,827
Total assets less current liabilities
223,767
267,828
Creditors: amounts falling due after more than one year
6
(34,939)
(38,668)
Net assets
188,828
229,160
Capital and reserves
Called up share capital
7
200
200
Profit and loss reserves
188,628
228,960
Total equity
188,828
229,160

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved and signed by the director and authorised for issue on 13 May 2025
Mr L C C  Penny
Director
Company registration number 09350317 (England and Wales)
PENNY INVESTMENTS 2014 LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
- 2 -
1
Accounting policies
Company information

Penny Investments 2014 Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Kings Parade, Lower Coombe Street, Croydon, Surrey, CR0 1AA.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

1.3
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
1
1
3
Fixed asset investments
2024
2023
£
£
Investments
1
1
PENNY INVESTMENTS 2014 LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
3
Fixed asset investments
(Continued)
- 3 -
Movements in fixed asset investments
Investments other than loans
£
Cost or valuation
At 1 January 2024 & 31 December 2024
1
Carrying amount
At 31 December 2024
1
At 31 December 2023
1
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Other debtors
231,309
273,712

 

5
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans
7,602
6,536
6
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
34,939
38,668
7
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary-A Share of £1 each
1
1
1
1
Ordinary-B Share of £1 each
1
1
1
1
Ordinary-C Shares of £1 each
99
99
99
99
Ordinary-D Shares of £1 each
99
99
99
99
200
200
200
200
PENNY INVESTMENTS 2014 LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 4 -
8
Related party transactions

Included within other debtors is an amount of £231,309 (2023: £231,309) owed from Penny 2014 LLP, a related LLP.

 

Included within other debtors is an amount of £NIL (2023: £42,403) owed from Synergy Office (UK) Ltd, a related company.

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