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REGISTERED NUMBER: 02639122 (England and Wales)














Financial Statements

for the Year Ended 31 January 2025

for

Penny Lane 2000 Limited

Penny Lane 2000 Limited (Registered number: 02639122)

Contents of the Financial Statements
for the Year Ended 31 January 2025










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Penny Lane 2000 Limited

Company Information
for the Year Ended 31 January 2025







DIRECTORS: Mr J B Kaitiff
Mrs S S Kaitiff
Ms G S Stone





SECRETARY: Mrs S S Kaitiff





REGISTERED OFFICE: Oriel House
2 - 8 Oriel Road
Bootle
Merseyside
L20 7EP





REGISTERED NUMBER: 02639122 (England and Wales)





ACCOUNTANTS: SB&P
Chartered Accountants
Oriel House
2-8 Oriel Road
Bootle
Liverpool
Merseyside
L20 7EP

Penny Lane 2000 Limited (Registered number: 02639122)

Balance Sheet
31 January 2025

31.1.25 31.1.24
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,200,000 1,200,000

CURRENT ASSETS
Debtors 5 505,991 481,978
Cash at bank 53,634 28,849
559,625 510,827
CREDITORS
Amounts falling due within one year 6 33,245 25,831
NET CURRENT ASSETS 526,380 484,996
TOTAL ASSETS LESS CURRENT LIABILITIES 1,726,380 1,684,996

CREDITORS
Amounts falling due after more than one year 7 (253,423 ) (262,820 )

PROVISIONS FOR LIABILITIES (232,598 ) (232,598 )
NET ASSETS 1,240,359 1,189,578

CAPITAL AND RESERVES
Called up share capital 9 100 100
Revaluation reserve 10 920,574 920,574
Retained earnings 319,685 268,904
SHAREHOLDERS' FUNDS 1,240,359 1,189,578

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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.

Penny Lane 2000 Limited (Registered number: 02639122)

Balance Sheet - continued
31 January 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 Income Statement has not been delivered.

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





Mr J B Kaitiff - Director


Penny Lane 2000 Limited (Registered number: 02639122)

Notes to the Financial Statements
for the Year Ended 31 January 2025


1. STATUTORY INFORMATION

Penny Lane 2000 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.

Turnover
Turnover represents rents receivable, excluding value added tax.

Tangible fixed assets
Land and Buildings consist of investment properties which were revalued on an open market basis in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland".

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.

3. EMPLOYEES AND DIRECTORS

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

Penny Lane 2000 Limited (Registered number: 02639122)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2025


4. TANGIBLE FIXED ASSETS
Freehold
property
£   
COST
At 1 February 2024
and 31 January 2025 1,200,000
NET BOOK VALUE
At 31 January 2025 1,200,000
At 31 January 2024 1,200,000

Freehold property consists of investment properties and in the opinion of the directors the open market value at 2021 represents the valuation at the year end..

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.25 31.1.24
£    £   
Trade debtors 3,921 -
Other debtors 501,483 481,466
Prepayments 587 512
505,991 481,978

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.25 31.1.24
£    £   
Bank loans and overdrafts 9,785 10,172
Tax 16,750 9,154
Other creditors 4,614 4,614
Directors' current accounts 405 270
Accrued expenses 1,691 1,621
33,245 25,831

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.1.25 31.1.24
£    £   
Bank loans - 1-2 years 9,785 10,172
Bank loans - 2-5 years 19,570 20,344
Bank loans more 5 yr by instal 224,068 232,304
253,423 262,820

Penny Lane 2000 Limited (Registered number: 02639122)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2025


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
31.1.25 31.1.24
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 224,068 232,304

8. SECURED DEBTS

The following secured debts are included within creditors:

31.1.25 31.1.24
£    £   
Bank loans 263,208 272,992

The bank loan is secured by Lloyds TSB Bank PLC over the properties held by the company.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.25 31.1.24
value: £    £   
10 B Ordinary £1 10 10
90 A Ordinary £1 90 90
100 100

10. RESERVES
Revaluation
reserve
£   
At 1 February 2024
and 31 January 2025 920,574