Penn Travel UK Ltd

Penn Travel UK Ltd
Contents Page
For the year ended 30 November 2024

Statement of financial position	1
Notes to the financial statements	2

Registered Number: 13037268 Penn Travel UK Ltd
Statement of Financial Position
As at 30 November 2024

	Notes	2024 £	2023 £
Fixed assets
Tangible fixed assets	3	334	667
		334	667
Current assets
Debtors		2,327	5,892
Cash at bank and in hand		76	-
		2,403	5,892
Creditors: amount falling due within one year		(25,886)	(21,857)
Net current assets		(23,483)	(15,965)

Total assets less current liabilities		(23,149)	(15,298)
Net assets		(23,149)	(15,298)

Capital and reserves
Called up share capital	4	2	2
Profit and loss account		(23,151)	(15,300)
Shareholders' funds		(23,149)	(15,298)

For the year ended 30 November 2024 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.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 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. In accordance with Section 444 of the Companies Act 2006 the income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved by the board of directors on 18 June 2025 and were signed on its behalf by:

-------------------------------
Edward Penn
Director

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Sharon Penn
Director

1

Penn Travel UK Ltd
Notes to the Abridged Financial Statements
For the year ended 30 November 2024

General Information

Penn Travel UK Ltd is a private company, limited by shares, registered in England and Wales, registration number 13037268, registration address 214 Provender Mill, Bakers Quay, St Ann Way, Gloucester, GL1 5BQ.

The presentation currency is £ sterling.

1.

Accounting policies

Significant accounting policies

The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)

Going concern basis

The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Taxation

Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Computer Equipment

33% Straight Line

2.	Average number of employees Average number of employees during the year was 2 (2023 : 2).

3.

Tangible fixed assets

Cost or valuation	Computer Equipment	Total
	£	£
At 01 December 2023	1,001	1,001
Additions	-	-
Disposals	-	-
At 30 November 2024	1,001	1,001
Depreciation
At 01 December 2023	334	334
Charge for year	333	333
On disposals	-	-
At 30 November 2024	667	667
Net book values
Closing balance as at 30 November 2024	334	334
Opening balance as at 01 December 2023	667	667

4.

Share Capital

Allotted, called up and fully paid	2024 £		2023 £
2 Class A shares of £1.00 each	2		2
	2		2

2

Registered Number: 13037268
England and Wales
Abridged Accounts

for the year ended 30 November 2024
for
PENN TRAVEL UK LTD