PENNEY IBEX PROPERTIES LIMITED

Registered Number
13795143
(England and Wales)

Unaudited Financial Statements for the Year ended
31 December 2024

Company Information
for the year from 1 January 2024 to 31 December 2024


Directors	Elizabeth Jane Penney
	Roger Stuart Penney


Registered Address	24 Cloister Crofts
	Leamington Spa
	CV32 6QQ


Registered Number	13795143 (England and Wales)

PENNEY IBEX PROPERTIES LIMITED

Balance Sheet as at
31 December 2024

	Notes	2024		2023
		£	£	£	£
Fixed assets
Investment property	3		-		327,850
			-		327,850
Current assets
Cash at bank and on hand		367,862		20,561
		367,862		20,561
Creditors amounts falling due within one year	4	(367,365)		(341,619)
Net current assets (liabilities)			497		(321,058)
Total assets less current liabilities			497		6,792
Net assets			497		6,792
Capital and reserves
Called up share capital			40		40
Profit and loss account			457		6,752
Shareholders' funds			497		6,792

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 8 September 2025, and are signed on its behalf by:

Roger Stuart Penney
Director
Registered Company No. 13795143

PENNEY IBEX PROPERTIES LIMITED

Notes to the Financial Statements
for the year ended 31 December 2024

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	Revenue from sale of goods
	Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

Revenue from sale of goods

Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

	Investment property
	Investment Property is shown at cost.

2.	Average number of employees


		2024		2023
	Average number of employees during the year	0		0

3.	Investment property
	Addition is adjustment for stamp duty paid on original acquisition of the property.


		£
	Fair value at 01 January 24	327,850
	Additions	16,228
	Disposals	(344,078)
	At 31 December 24	-

4.	Creditors: amounts due within one year

	2024	2023
	£	£
Amounts owed to related parties	365,957	340,069
Taxation and social security	537	716
Accrued liabilities and deferred income	871	834
Total	367,365	341,619


	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.