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Registration number: 03727320

Pentagon Facilities Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2025

 

Pentagon Facilities Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 13

 

Pentagon Facilities Limited

Company Information

Directors

Mr SJ Shephard

Mrs V Shephard

Registered office

49 Station Road
Polegate
East Sussex
BN26 6EA

Accountants

Brookes Sivyer
Chartered AccountantsPO Box 533
Newquay
Cornwall
TR7 9DJ

 

Pentagon Facilities Limited

(Registration number: 03727320)
Balance Sheet as at 31 March 2025

Note

2025
£

2024
£

Fixed assets

 

Tangible assets

4

531,300

546,178

Current assets

 

Stocks

5

5,000

23,615

Debtors

6

258,041

65,728

Cash at bank and in hand

 

486,877

454,246

 

749,918

543,589

Creditors: Amounts falling due within one year

7

(871,066)

(715,959)

Net current liabilities

 

(121,148)

(172,370)

Total assets less current liabilities

 

410,152

373,808

Creditors: Amounts falling due after more than one year

7

(1,914)

(41,234)

Provisions for liabilities

(10,509)

(14,228)

Net assets

 

397,729

318,346

Capital and reserves

 

Called up share capital

8

200

200

Retained earnings

397,529

318,146

Shareholders' funds

 

397,729

318,346

For the financial year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

 

Pentagon Facilities Limited

(Registration number: 03727320)
Balance Sheet as at 31 March 2025

Approved and authorised by the Board on 5 June 2025 and signed on its behalf by:
 

.........................................
Mr SJ Shephard
Director

 

Pentagon Facilities Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
49 Station Road
Polegate
East Sussex
BN26 6EA
England

These financial statements were authorised for issue by the Board on 5 June 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Pentagon Facilities Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Land and buildings

not provided

Plant and machinery

25% Straight Line

Office equipment

25% Straight Line

Motor vehicles

25% Reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

 

Pentagon Facilities Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

 

Pentagon Facilities Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Financial instruments

Classification
The Company has held financial instruments that are investments in listed shares
 Recognition and measurement
Investments in non-derivative financial instruments are revalued at fair value at the balance sheet date with changes in fair value recognised in profit or loss
 

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 5 (2024 - 5).

 

Pentagon Facilities Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

4

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Motor vehicles
 £

Other tangible assets
£

Total
£

Cost or valuation

At 1 April 2024

489,266

3,739

137,274

53,191

683,470

Additions

-

981

-

-

981

At 31 March 2025

489,266

4,720

137,274

53,191

684,451

Depreciation

At 1 April 2024

-

3,699

83,518

50,075

137,292

Charge for the year

-

263

13,438

2,158

15,859

At 31 March 2025

-

3,962

96,956

52,233

153,151

Carrying amount

At 31 March 2025

489,266

758

40,318

958

531,300

At 31 March 2024

489,266

40

53,756

3,116

546,178

Included within the net book value of land and buildings above is £489,266 (2024 - £489,266) in respect of freehold land and buildings.
 

 

Pentagon Facilities Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

5

Stocks

2025
£

2024
£

Raw materials and consumables

5,000

5,000

Work in progress

-

18,615

5,000

23,615

6

Debtors

Current

2025
£

2024
£

Trade debtors

254,413

64,791

Prepayments

3,628

583

Other debtors

-

354

 

258,041

65,728

 

Pentagon Facilities Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

7

Creditors

Creditors: amounts falling due within one year

Note

2025
£

2024
£

Due within one year

 

Loans and borrowings

9

64,486

34,045

Trade creditors

 

78,524

12,731

Amounts owed to group undertakings and undertakings in which the company has a participating interest

11

625,000

625,000

Taxation and social security

 

92,548

21,935

Accruals and deferred income

 

5,000

5,000

Other creditors

 

5,508

17,248

 

871,066

715,959

Creditors include bank loans and overdrafts and net obligations under finance lease and hire purchase contracts which are secured of £39,320 (2024 - £20,463).

Creditors: amounts falling due after more than one year

Note

2025
£

2024
£

Due after one year

 

Loans and borrowings

9

1,914

41,234

Creditors include bank loans and overdrafts and net obligations under finance lease and hire purchase contracts which are secured of £1,914 (2024 - £41,234).

8

Share capital

Allotted, called up and fully paid shares

2025

2024

No.

£

No.

£

Ordinary A Shares of £1 each

100

100

100

100

Ordinary B Shares of £1 each

100

100

100

100

200

200

200

200

 

Pentagon Facilities Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

9

Loans and borrowings

Non-current loans and borrowings

2025
£

2024
£

Hire purchase contracts

1,914

41,234

Current loans and borrowings

2025
£

2024
£

Hire purchase contracts

39,320

20,463

Other borrowings

25,166

13,582

64,486

34,045

10

Dividends

2025

2024

£

£

Interim dividend of £Nil (2024 - £306.14) per ordinary share

-

30,614

 

 
 

Pentagon Facilities Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

11

Related party transactions

Directors' remuneration

The directors' remuneration for the year was as follows:

2025
£

2024
£

Remuneration

26,878

27,119

Contributions paid to money purchase schemes

50,000

-

76,878

27,119

During the year the number of directors who were receiving benefits and share incentives was as follows:

2025
No.

2024
No.

Accruing benefits under defined benefit pension scheme

1

-

Summary of transactions with parent

Pentagon Facilities Holdings Limited owns 100% of the voting shares in Pentagon Facilities Limited
The Holding Company has lent money to the Company to assist with working capital. At the balance sheet date the amount due to Pentagon Facilities Holdings Limited was £625,000 (2024 - £625,000)

Dividends of £nil (2024 - £30,614) were paid to Pentagon Facilities Holdings Limited during the year.

The Company has granted a floating charge over all of its assets of up to £860,171 to Pentagon Facilities Holdings Limited as security against borrowings from the Company.

Loans from related parties

2025

Parent
£

Total
£

At start of period

625,000

625,000

At end of period

625,000

625,000

2024

Parent
£

Total
£

At start of period

619,385

619,385

Advanced

30,615

30,615

Repaid

(25,000)

(25,000)

At end of period

625,000

625,000

 

Pentagon Facilities Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

12

Parent and ultimate parent undertaking

Pentagon Facilities Holdings Limited owns 100% of the voting shares in Pentagon Facilities Limited.

 The company's immediate parent is Pentagon Facilities Holdings Limited, incorporated in England and Wales.

  These financial statements are available upon request from Companies House