REGISTERED NUMBER: 04151961 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

PENTEL LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Ms E C Turner

Miss L C Turner

E M Turner

REGISTERED OFFICE:

61 Station Road

Sudbury

Suffolk

CO10 2SP

REGISTERED NUMBER:

04151961 (England and Wales)

ACCOUNTANTS:

Seago and Stopps

Chartered Certified Accountants

61 Station Road

Sudbury

Suffolk

CO10 2SP

FIXED ASSETS

611,644

Investments

4

611,644

5,050,000

Investment property

5

5,750,000

5,661,644

6,361,644

CURRENT ASSETS

2,985

Debtors

6

470

4,014

Cash at bank

27,941

6,999

28,411

CREDITORS

1,189,080

Amounts falling due within one year

7

1,066,593

(1,182,081

)

NET CURRENT LIABILITIES

(1,038,182

)

4,479,563

TOTAL ASSETS LESS CURRENT LIABILITIES

5,323,462

CREDITORS

(1,362,538

)

Amounts falling due after more than one year

8

(1,323,756

)

(596,443

)

PROVISIONS FOR LIABILITIES

(805,077

)

2,520,582

NET ASSETS

3,194,629

CAPITAL AND RESERVES

171

Called up share capital

171

602,029

Share premium

602,029

1,436,880

Fair value reserve

10

1,436,880

481,502

Retained earnings

1,155,549

2,520,582

SHAREHOLDERS' FUNDS

3,194,629

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 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.

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 September 2025 and were signed on its behalf by:

Ms E C Turner - Director

1.	STATUTORY INFORMATION

Pentel 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.	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

The company derives its income from rents receivable, which are accounted for under the accruals basis.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Investment property

Investment property is shown at its most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised within the profit and loss account.

Financial instruments

The company enters into basic financial instrument transactions, as appropriate and as and when required, that result in the recognition of financial assets and liabilities within the financial statemernts such as trade and other accounts receivable and payable, bank loans and hire purchase and lease contracts.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 January 2024

and 31 December 2024

611,644

NET BOOK VALUE

At 31 December 2024

611,644

At 31 December 2023

611,644

During the year ended 31st December 2023, the company acquired 51 Ordinary £1 shares previously held by the director in another trading company in a share for share exchange.

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2024

5,050,000

Revaluations

700,000

At 31 December 2024

5,750,000

NET BOOK VALUE

At 31 December 2024

5,750,000

At 31 December 2023

5,050,000

Fair value at 31 December 2024 is represented by:

£

Valuation in 2023

2,548,900

Valuation in 2024

700,000

Cost

2,501,100

5,750,000

Investment property was valued on an open market basis on 31 December 2024 by the directors .

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Other debtors

470

2,985

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans and overdrafts

40,645

30,908

Taxation and social security

17,870

17,622

Other creditors

1,008,078

1,140,550

1,066,593

1,189,080

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans

1,323,756

1,362,538

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

1,161,176

1,238,906

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.12.24

31.12.23

£

£

Bank loans

1,364,401

1,393,446

Lloyds Bank and Paratus Amc Limited hold fixed and floating charges over the company's assets.

10.

RESERVES

Included within reserves is a fair value reserve, which has been created through the process of revaluing the investment property held to its open market value each year. The reserve is also adjusted annually for any movements in deferred tax.

In accordance with FRS 102, the fair value reserve is a 'non-distributable' reserve and is separately disclosed in the balance sheet.