Penshaw Holdings Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 01296865 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

PENSHAW HOLDINGS LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

6

DIRECTORS:

Mr A J Levy

Mrs H J Lappert

REGISTERED OFFICE:

Ground Floor 7 Neptune Court

Hallam Way, Whitehills Business Park,

Blackpool

Lancashire

FY4 5LZ

REGISTERED NUMBER:

01296865 (England and Wales)

ACCOUNTANTS:

Hanley & Co

Chartered Accountants

Ground Floor 7 Neptune Court

Hallam Way

Whitehills Business Park

Blackpool

Lancashire

FY4 5LZ

FIXED ASSETS

Investment property

4

405,000

CURRENT ASSETS

Debtors

1,233

1,365

Cash at bank

17,612

28,121

18,845

29,486

CREDITORS

Amounts falling due within one year

9,301

11,225

NET CURRENT ASSETS

9,544

18,261

TOTAL ASSETS LESS CURRENT
LIABILITIES

414,544

423,261

PROVISIONS FOR LIABILITIES

60,907

NET ASSETS

353,637

362,354

CAPITAL AND RESERVES

Called up share capital

1,600

Non-distributable reserves

5

320,565

Retained earnings

31,472

40,189

SHAREHOLDERS' FUNDS

353,637

362,354

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.

All the members have consented to the preparation of an abridged Statement of Income and Retained Earnings and an abridged Balance Sheet for the year ended 31 December 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 September 2025 and were signed on its behalf by:

Mr A J Levy - Director

1.	STATUTORY INFORMATION

Penshaw Holdings 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 as modified by the revaluation of certain assets.

Turnover

Turnover represents the rents and other fees received in the period.

Investment property

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

In accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008) no depreciation is provided in respect of freehold property held as investments. This is a departure from the requirements of the Companies Act 2006 which requires all properties to be depreciated. Such properties are held as an investment and not for consumption and the directors consider that to depreciate them would not give a true and fair view. Depreciation is only one of the many elements reflected in the annual valuation of properties and accordingly the amount of depreciation which might otherwise have been charged cannot be separately identified or quantified. The directors consider that this policy results in the financial statements giving a true and fair view.

3.	EMPLOYEES AND DIRECTORS

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

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2024

and 31 December 2024

405,000

NET BOOK VALUE

At 31 December 2024

405,000

At 31 December 2023

405,000

Fair value at 31 December 2024 is represented by:

£

Valuation in 2001

242,553

Valuation in 2018

140,090

Cost

22,357

405,000

If investment property had not been revalued it would have been included at the following historical cost:

2024

2023

£

Cost

22,357

Investment property was valued on a capital value basis on 22 April 2018 by Mylako Limited .

5.

RESERVES

Non-distribut

reserves

£

At 1 January 2024

and 31 December 2024

320,565

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Abridged Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Penshaw Holdings Limited for the year ended 31 December 2024 which comprise the Abridged Statement of Income and Retained Earnings, Abridged Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Penshaw Holdings Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Penshaw Holdings Limited and state those matters that we have agreed to state to the Board of Directors of Penshaw Holdings Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Penshaw Holdings Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Penshaw Holdings Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Penshaw Holdings Limited. You consider that Penshaw Holdings Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Penshaw Holdings Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Hanley & Co

Chartered Accountants

Ground Floor 7 Neptune Court

Hallam Way

Whitehills Business Park

Blackpool

Lancashire

FY4 5LZ

25 September 2025