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REGISTERED NUMBER: 10818803 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

PENNAR HOMES LIMITED

PENNAR HOMES LIMITED (BY SHARES) (REGISTERED NUMBER: 10818803)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 30 June 2024




Page

Company Information 1

Balance Sheet 2


PENNAR HOMES LIMITED (BY SHARES)

COMPANY INFORMATION
for the year ended 30 June 2024







DIRECTOR: P Murphy





REGISTERED OFFICE: Playfels Grange
141 Kenilworth Road
Coventry
CV4 7AP





REGISTERED NUMBER: 10818803 (England and Wales)






PENNAR HOMES LIMITED (BY SHARES) (REGISTERED NUMBER: 10818803)

BALANCE SHEET
30 June 2024

2024 2023
£    £   
CURRENT ASSETS 669,087 646,012

CREDITORS
Amounts falling due within one year (611,781 ) (561,035 )
NET CURRENT ASSETS 57,306 84,977
TOTAL ASSETS LESS CURRENT
LIABILITIES

57,306

84,977

CREDITORS
Amounts falling due after more than one
year

(3,875,779

)

(3,811,279

)
NET LIABILITIES (3,818,473 ) (3,726,302 )

CAPITAL AND RESERVES (3,818,473 ) (3,726,302 )

NOTES TO THE FINANCIAL STATEMENTS

1. AVERAGE NUMBER OF EMPLOYEES

The average number of employees during the year was 2 (2023 - 2 ) .

2. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 June 2024 and 30 June 2023:

2024 2023
£    £   
B R Holt
Balance outstanding at start of year (539,860 ) (539,860 )
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (539,860 ) (539,860 )

P Murphy
Balance outstanding at start of year (960,891 ) (874,391 )
Amounts repaid (64,500 ) (86,500 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (1,025,391 ) (960,891 )

The director's loans are non-interest bearing and are repayable in more than one year.

B R Holt resigned as director on 10 May 2022 and the amount owed to B R Holt was transferred to Other creditors due in more than one year.

PENNAR HOMES LIMITED (BY SHARES) (REGISTERED NUMBER: 10818803)

BALANCE SHEET - continued
30 June 2024

NOTES TO THE FINANCIAL STATEMENTS

3. SECURED DEBTS

The loan held with Assetz Capital Trust Company Limited, £2,310,528 as at 30 June 2024, is secured against the land at Haven Drive, Pennar, Pembroke Dock. In addition to this, as a continuing security for the payment of secured obligations there is a fixed and floating charge over the assets of the company.

4. RELATED PARTIES

During the year the company loaned funds to Pennar Point Limited, a private company limited by guarantee, incorporated in England and Wales . Mr B R Holt is a director of Pennar Point Limited. Pennar Homes Limited is a corporate member with significant control

As at 30 June 2024 the loan balance owed to Pennar Homes Limited was £33,763 (2023: £26,688).

The company also borrowed funds from Bernard R Holt Ltd, a company of which Mr B R Holt is a shareholder. As at 30 June 2024 the company owed Bernard R Holt Ltd £333,742.



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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 in accordance with the micro-entity provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the director and authorised for issue on 23 June 2025 and were signed by:





P Murphy - Director