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COMPANY REGISTRATION NUMBER: 04327821
Pentasia Limited
Filleted Unaudited Financial Statements
31 December 2024
Pentasia Limited
Statement of Financial Position
31 December 2024
2024
2023
Note
£
£
Fixed assets
Tangible assets
5
91,231
129,433
Current assets
Debtors
6
1,237,488
712,502
Cash at bank and in hand
222,958
259,906
------------
---------
1,460,446
972,408
Creditors: amounts falling due within one year
7
1,850,233
1,403,242
------------
------------
Net current liabilities
389,787
430,834
---------
---------
Total assets less current liabilities
( 298,556)
( 301,401)
Creditors: amounts falling due after more than one year
8
4,409
14,802
---------
---------
Net liabilities
( 302,965)
( 316,203)
---------
---------
Capital and reserves
Called up share capital
2,724
2,724
Share premium account
150,876
150,876
Profit and loss account
( 456,565)
( 469,803)
---------
---------
Shareholders deficit
( 302,965)
( 316,203)
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 December 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 financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Pentasia Limited
Statement of Financial Position (continued)
31 December 2024
These financial statements were approved by the board of directors and authorised for issue on 27 June 2025 , and are signed on behalf of the board by:
Mr R D E Dowling
Director
Company registration number: 04327821
Pentasia Limited
Notes to the Financial Statements
Year ended 31 December 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Betchworth House, 57-65 Station Road, Redhill, Surrey, RH1 1DL.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
The accounts have been prepared on a going concern basis. The principal creditors are group companies and the directors of the group are of the opinion that the group will support the operational needs of the company, in order to allow it to meet its liabilities as and when they fall due, unless circumstances change such that it may no longer be available for the group to support the company in this manner.
Consolidation
The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax.
Foreign currencies
Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Leasehold improvements
-
20% straight line
Fixtures and fittings
-
20% straight line
Equipment
-
33% straight line
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 34 (2023: 37 ).
5. Tangible assets
Land and buildings
Fixtures and fittings
Equipment
Total
£
£
£
£
Cost
At 1 January 2024
87,639
122,522
197,576
407,737
Additions
2,927
2,927
Disposals
( 911)
( 911)
--------
---------
---------
---------
At 31 December 2024
87,639
122,522
199,592
409,753
--------
---------
---------
---------
Depreciation
At 1 January 2024
18,868
82,750
176,686
278,304
Charge for the year
17,527
10,334
13,036
40,897
Disposals
( 679)
( 679)
--------
---------
---------
---------
At 31 December 2024
36,395
93,084
189,043
318,522
--------
---------
---------
---------
Carrying amount
At 31 December 2024
51,244
29,438
10,549
91,231
--------
---------
---------
---------
At 31 December 2023
68,771
39,772
20,890
129,433
--------
---------
---------
---------
6. Debtors
2024
2023
£
£
Trade debtors
313,546
195,374
Amounts owed by group undertakings and undertakings in which the company has a participating interest
723,393
338,163
Other debtors
200,549
178,965
------------
---------
1,237,488
712,502
------------
---------
The debtors above include the following amounts falling due after more than one year:
2024
2023
£
£
Other debtors
32,124
----
--------
7. Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
10,404
106,048
Trade creditors
272,381
305,281
Amounts owed to group undertakings and undertakings in which the company has a participating interest
959,232
360,467
Social security and other taxes
111,948
96,667
Other creditors
496,268
534,779
------------
------------
1,850,233
1,403,242
------------
------------
8. Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
4,409
14,802
-------
--------
Fixed and floating charges are in place over all assets and undertakings of the company in respect of creditors totalling £nil (2023: £21,415) of which £nil (2023: £nil) is repayable after more than one year.
9. Other financial commitments
At the year end the company had other financial commitments of £221,248 (2023 - £310,348).