Penham Securities Limited Accounts






Penham Securities Limited

	Company No. 06634333
		Information for Filing with The Registrar
		31 December 2024

The Director presents his report and the accounts for the year ended 31 December 2024.

Principal activities
The principal activity of the company during the year under review was as consultants.




Director

The Director who served at any time during the year was as follows:

E. Wilkinson









































































The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006.

Signed on behalf of the board

E. Wilkinson
Director
19 June 2025

at	31 December 2024
Company No.		06634333	Notes	2024	2023
				£	£






Current assets

	Debtors		4	1,255,050	1,299,900

	Cash at bank and in hand			38	159
				1,255,088	1,300,059
Creditors: Amount falling due within one year			5	(47,439)	(24,554)
Net current assets				1,207,649	1,275,505
Total assets less current liabilities				1,207,649	1,275,505
Creditors: Amounts falling due after more than one year			6	(1,255,050)	(1,299,900)



Net liabilities				(47,401)	(24,395)

Capital and reserves
	Called up share capital			1	1



	Profit and loss account		8	(47,402)	(24,396)

Total equity				(47,401)	(24,395)



These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.

For the year ended 31 December 2024 the company was entitled to exemption from audit 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 Companies Act 2006 with respect to accounting records and the preparation of accounts.



As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.

Approved by the board on 19 June 2025 and signed on its behalf by:
E. Wilkinson
Director
19 June 2025

for the year ended 31 December 2024

General information

Penham Securities Limited is a private company limited by shares and incorporated in England and Wales.

Its registered number is: 06634333

Its registered office is:

1 The Courtyard

CHALVINGTON

East Sussex

BN27 3TD

The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Accounting policies

Turnover

Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Revenue from the sale of goods is recognised when all the following conditions are satisfied:
• the Company has transferred to the buyer the significant risks and rewards of ownership of the
goods;
• the Company retains neither continuing managerial involvement to the degree usually associated
with ownership nor effective control over the goods sold;
• 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 transaction can be measured reliably.

Specifically, revenue from the sale of goods is recognised when goods are delivered and legal title is passed.

Taxation

Income tax expense represents the sum of the tax currently payable.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Current tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current tax is also recognised in other comprehensive income or directly in equity respectively.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.

Trade and other creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Foreign currencies

The functional and presentational currency of the company is Sterling. The accounts are rounded to the nearest pound.

Transactions in currencies, other than the functional currency of the Company, are recorded at the rate of exchange on the date the transaction occurred. Monetary items denominated in other currencies are translated at the rate prevailing at the end of the reporting period. all differences are taken to the profit and loss account. Non-monetary items that are measured at historic cost in a foreign currency are not retranslated.

3	Employees
			2024	2023
			Number	Number
		The average monthly number of employees (including directors) during the year was:	1	1

4	Debtors
			2024	2023
			£	£






		Other debtors	1,255,050	1,299,900

			1,255,050	1,299,900

5	Creditors:
		amounts falling due within one year
			2024	2023
			£	£






		Taxes and social security	942	-
		Loans from directors	46,497	24,553

		Accruals and deferred income	-	1
			47,439	24,554

6	Creditors:
		amounts falling due after more than one year
			2024	2023
			£	£






		Other creditors	1,255,050	1,299,900

			1,255,050	1,299,900

Share Capital

Ordinary £1 Shs

Reserves

Profit and loss account - includes all current and prior period retained profits and losses.