IRIS Accounts Production v25.1.4.42 04662380 Board of Directors 1.3.24 28.2.25 28.2.25 true false true false false true false Fair value model Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh046623802024-02-29046623802025-02-28046623802024-03-012025-02-28046623802023-02-28046623802023-03-012024-02-29046623802024-02-2904662380ns15:EnglandWales2024-03-012025-02-2804662380ns14:PoundSterling2024-03-012025-02-2804662380ns10:Director12024-03-012025-02-2804662380ns10:PrivateLimitedCompanyLtd2024-03-012025-02-2804662380ns10:SmallEntities2024-03-012025-02-2804662380ns10:AuditExempt-NoAccountantsReport2024-03-012025-02-2804662380ns10:SmallCompaniesRegimeForDirectorsReport2024-03-012025-02-2804662380ns10:SmallCompaniesRegimeForAccounts2024-03-012025-02-2804662380ns10:FullAccounts2024-03-012025-02-2804662380ns10:OrdinaryShareClass12024-03-012025-02-2804662380ns10:Director22024-03-012025-02-2804662380ns10:CompanySecretary12024-03-012025-02-2804662380ns10:RegisteredOffice2024-03-012025-02-2804662380ns5:CurrentFinancialInstruments2025-02-2804662380ns5:CurrentFinancialInstruments2024-02-2904662380ns5:Non-currentFinancialInstruments2025-02-2804662380ns5:Non-currentFinancialInstruments2024-02-2904662380ns5:ShareCapital2025-02-2804662380ns5:ShareCapital2024-02-2904662380ns5:FurtherSpecificReserve3ComponentTotalEquity2025-02-2804662380ns5:FurtherSpecificReserve3ComponentTotalEquity2024-02-2904662380ns5:RetainedEarningsAccumulatedLosses2025-02-2804662380ns5:RetainedEarningsAccumulatedLosses2024-02-2904662380ns5:CostValuation2025-02-2804662380ns5:WithinOneYearns5:CurrentFinancialInstruments2025-02-2804662380ns5:WithinOneYearns5:CurrentFinancialInstruments2024-02-2904662380ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2025-02-2804662380ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2024-02-2904662380ns5:Secured2025-02-2804662380ns5:Secured2024-02-2904662380ns5:DeferredTaxation2024-02-2904662380ns5:DeferredTaxation2025-02-2804662380ns10:OrdinaryShareClass12025-02-2804662380ns5:RetainedEarningsAccumulatedLosses2024-02-2904662380ns5:FurtherSpecificReserve3ComponentTotalEquity2024-02-2904662380ns5:RetainedEarningsAccumulatedLosses2024-03-012025-02-28
REGISTERED NUMBER: 04662380 (England and Wales)















Unaudited Financial Statements for the Year Ended 28 February 2025

for

Pencrest Investments Limited

Pencrest Investments Limited (Registered number: 04662380)






Contents of the Financial Statements
for the Year Ended 28 February 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Pencrest Investments Limited

Company Information
for the Year Ended 28 February 2025







DIRECTORS: P A Louka
G T Georgiou





SECRETARY: G T Georgiou





REGISTERED OFFICE: Freedman House
Christopher Wren Yard
117 High Street
Croydon
Surrey
CR0 1QG





REGISTERED NUMBER: 04662380 (England and Wales)





ACCOUNTANTS: CWF & Partners Ltd
Chartered Accountants
Freedman House
Christopher Wren Yard
117 High Street
Croydon
Surrey
CR0 1QG

Pencrest Investments Limited (Registered number: 04662380)

Balance Sheet
28 February 2025

28.2.25 29.2.24
Notes £    £    £    £   
FIXED ASSETS
Investments 5 36 36
Investment property 6 700,000 700,000
700,036 700,036

CURRENT ASSETS
Stocks 99,893 99,893
Debtors 7 350,936 347,333
Cash at bank 38,175 34,933
489,004 482,159
CREDITORS
Amounts falling due within one year 8 51,092 44,758
NET CURRENT ASSETS 437,912 437,401
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,137,948

1,137,437

CREDITORS
Amounts falling due after more than one
year

9

(499,000

)

(500,000

)

PROVISIONS FOR LIABILITIES 12 (68,669 ) (68,669 )
NET ASSETS 570,279 568,768

CAPITAL AND RESERVES
Called up share capital 13 100 100
Fair value reserve 14 249,531 249,531
Retained earnings 14 320,648 319,137
SHAREHOLDERS' FUNDS 570,279 568,768

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 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.

Pencrest Investments Limited (Registered number: 04662380)

Balance Sheet - continued
28 February 2025


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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 June 2025 and were signed on its behalf by:





G T Georgiou - Director


Pencrest Investments Limited (Registered number: 04662380)

Notes to the Financial Statements
for the Year Ended 28 February 2025

1. STATUTORY INFORMATION

Pencrest Investments 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the recognition of certain financial assets and liabilities measured at fair value.

Turnover
Turnover represents rent receivable, sale of property and other property related income.

Turnover relating to the sale of property is recognised at the date of an unconditional exchange of contracts.

Investment properties
Investment properties are initially recognised at cost which includes purchase cost and any directly attributable expenditure. Investment properties are measured at fair value. The surplus or deficit arising on the revaluation of investment properties at their fair values are recognised in the income statement.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

Pencrest Investments Limited (Registered number: 04662380)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2025

5. FIXED ASSET INVESTMENTS
Interest
in
associate
£   
COST
At 1 March 2024
and 28 February 2025 36
NET BOOK VALUE
At 28 February 2025 36
At 29 February 2024 36

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 March 2024
and 28 February 2025 700,000
NET BOOK VALUE
At 28 February 2025 700,000
At 29 February 2024 700,000

The investment properties are valued annually by the directors on a fair value basis.

The historical cost of the investment property amounts to £381,800 (2024 - £381,800).


7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.25 29.2.24
£    £   
Trade debtors 3,603 -
Amounts owed by connected companies 347,333 347,333
350,936 347,333

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.25 29.2.24
£    £   
Tax 2,936 14,070
VAT 1,200 985
Other creditors 32,969 18,869
Directors' current accounts 1,205 1,205
Accruals and deferred income 12,782 9,629
51,092 44,758

Pencrest Investments Limited (Registered number: 04662380)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2025

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
28.2.25 29.2.24
£    £   
Bank loans (see note 10) 499,000 500,000

10. LOANS

An analysis of the maturity of loans is given below:

28.2.25 29.2.24
£    £   
Amounts falling due between two and five years:
Bank loans 499,000 500,000

11. SECURED DEBTS

The following secured debts are included within creditors:

28.2.25 29.2.24
£    £   
Bank loans 499,000 500,000

12. PROVISIONS FOR LIABILITIES
28.2.25 29.2.24
£    £   
Deferred tax 68,669 68,669

Deferred
tax
£   
Balance at 1 March 2024 68,669
Balance at 28 February 2025 68,669

13. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 28.2.25 29.2.24
value: £    £   
100 Ordinary £1 100 100

Pencrest Investments Limited (Registered number: 04662380)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2025

14. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 1 March 2024 319,137 249,531 568,668
Profit for the year 11,511 - 11,511
Dividends (10,000 ) - (10,000 )
At 28 February 2025 320,648 249,531 570,179