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REGISTERED NUMBER: 09084990 (England and Wales)












FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

PENNY LANE PARTNERSHIP LIMITED

PENNY LANE PARTNERSHIP LIMITED (REGISTERED NUMBER: 09084990)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PENNY LANE PARTNERSHIP LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTORS: Mr T P Rogers
Mrs D L Rogers





REGISTERED OFFICE: 1 Langley Court
Pyle Street
Newport
Isle of Wight
PO30 1LA





REGISTERED NUMBER: 09084990 (England and Wales)





ACCOUNTANTS: Mackenzies, a Xeinadin company
1 Langley Court
Pyle Street
Newport
Isle of Wight
PO30 1LA

PENNY LANE PARTNERSHIP LIMITED (REGISTERED NUMBER: 09084990)

BALANCE SHEET
30 JUNE 2024

2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 6,897 9,196
Investments 5 101 101
6,998 9,297

CURRENT ASSETS
Debtors 6 103,519 115,707
Cash at bank 12 709
103,531 116,416
CREDITORS
Amounts falling due within one year 7 66,259 61,702
NET CURRENT ASSETS 37,272 54,714
TOTAL ASSETS LESS CURRENT
LIABILITIES

44,270

64,011

CREDITORS
Amounts falling due after more than one
year

8

9,164

19,167
NET ASSETS 35,106 44,844

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 35,006 44,744
SHAREHOLDERS' FUNDS 35,106 44,844

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 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.

PENNY LANE PARTNERSHIP LIMITED (REGISTERED NUMBER: 09084990)

BALANCE SHEET - continued
30 JUNE 2024


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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 June 2025 and were signed on its behalf by:




Mr T P Rogers - Director



Mrs D L Rogers - Director


PENNY LANE PARTNERSHIP LIMITED (REGISTERED NUMBER: 09084990)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024


1. STATUTORY INFORMATION

Penny Lane Partnership 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 33% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£ £ £ £
COST
At 1 July 2023
and 30 June 2024 22,497 3,649 20,534 46,680
DEPRECIATION
At 1 July 2023 14,353 2,597 20,534 37,484
Charge for year 2,036 263 - 2,299
At 30 June 2024 16,389 2,860 20,534 39,783
NET BOOK VALUE
At 30 June 2024 6,108 789 - 6,897
At 30 June 2023 8,144 1,052 - 9,196


PENNY LANE PARTNERSHIP LIMITED (REGISTERED NUMBER: 09084990)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£
COST
At 1 July 2023
and 30 June 2024 101
NET BOOK VALUE
At 30 June 2024 101
At 30 June 2023 101

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Amounts owed by subsidiary company 103,252 112,933
Other debtors 267 267
Prepayments - 2,507
103,519 115,707

Other debtors at 30th June 2024 and 30th June 2023 were PAYE overpaid.

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Bank loans and overdrafts 10,000 10,000
Tax 55,570 51,572
Directors' current accounts - 130
Accrued expenses 689 -
66,259 61,702

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£ £
Bank loans - 1-2 years 9,164 10,000
Bank loans - 2-5 years - 9,167
9,164 19,167

PENNY LANE PARTNERSHIP LIMITED (REGISTERED NUMBER: 09084990)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£ £
Bank loans 19,164 29,167

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
50 Ordinary A £1 50 50
50 Ordinary B £1 50 50
100 100