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REGISTERED NUMBER: 04900988 (England and Wales)














Financial Statements

for the Year Ended 31 January 2025

for

Penny Lane 2001 Ltd

Penny Lane 2001 Ltd (Registered number: 04900988)

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 2001 Ltd

Company Information
for the Year Ended 31 January 2025







DIRECTORS: J B Kaitiff
Ms G Stone





SECRETARY: Mrs S S Kaitiff





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





REGISTERED NUMBER: 04900988 (England and Wales)





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

Penny Lane 2001 Ltd (Registered number: 04900988)

Balance Sheet
31 January 2025

31.1.25 31.1.24
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 300,000 300,000

CURRENT ASSETS
Debtors 5 91,850 89,935
Cash at bank 12,096 10,304
103,946 100,239
CREDITORS
Amounts falling due within one year 6 18,768 18,358
NET CURRENT ASSETS 85,178 81,881
TOTAL ASSETS LESS CURRENT LIABILITIES 385,178 381,881

CREDITORS
Amounts falling due after more than one year 7 (150,619 ) (158,257 )

PROVISIONS FOR LIABILITIES (7,914 ) (7,914 )
NET ASSETS 226,645 215,710

CAPITAL AND RESERVES
Called up share capital 9 100 100
Revaluation reserve 10 128,890 128,890
Retained earnings 97,655 86,720
SHAREHOLDERS' FUNDS 226,645 215,710

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 2001 Ltd (Registered number: 04900988)

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:





J B Kaitiff - Director


Penny Lane 2001 Ltd (Registered number: 04900988)

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


1. STATUTORY INFORMATION

Penny Lane 2001 Ltd 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 as modified by the revaluation of certain assets.

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".

Going concern
The company meets its day to day working capital requirements by support from its parent company. No adjustments have been made to reflect the position if such support was withdrawn. This support is expected to continue for the foreseeable future.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Land and
buildings
£   
COST
At 1 February 2024
and 31 January 2025 300,000
NET BOOK VALUE
At 31 January 2025 300,000
At 31 January 2024 300,000

Freehold property consists of investment properties.

Penny Lane 2001 Ltd (Registered number: 04900988)

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


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.25 31.1.24
£    £   
Trade debtors - 585
Amounts owed by group undertakings 87,236 84,736
Other debtors 4,614 4,614
91,850 89,935

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.25 31.1.24
£    £   
Bank loans and overdrafts 7,305 6,971
Taxation and social security 2,507 2,466
Other creditors 8,956 8,921
18,768 18,358

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.1.25 31.1.24
£    £   
Bank loans 150,619 158,257

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 128,705 137,344

8. SECURED DEBTS

The following secured debts are included within creditors:

31.1.25 31.1.24
£    £   
Bank loans 157,924 165,228

The bank loan is secured by way of a mortgage over the property to which it relates.

9. CALLED UP SHARE CAPITAL

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

Penny Lane 2001 Ltd (Registered number: 04900988)

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


10. RESERVES
Revaluation
reserve
£   
At 1 February 2024
and 31 January 2025 128,890