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Registered Number: 11976008
England and Wales

 

 

 

ALMONDS - PENSTAR LIMITED



Unaudited Financial Statements
 


Period of accounts

Start date: 01 January 2024

End date: 31 December 2024

Almonds - Penstar Limited
Contents Page
For the year ended 31 December 2024
Directors Andrew John Ferguson
Anil Mistry
Registered Number 11976008
Registered Office 3 Church Street
Carlby
Stamford
England
PE9 4NB
Accountants aa Chartered Accountants
6 Blenheim Court
Peppercorn Close
Peterborough
United Kingdom
PE1 2DU
1
Director's report and financial statements
The directors present his/her/their annual report and the financial statements for the year ended 31 December 2024
Principal activities
Principal activity of the company during the financial year was development of building projects, Buying and selling of own real estate and Other letting and operating of own or leased real estate.
Directors
The directors who served the company throughout the year were as follows:
Andrew John Ferguson
Anil Mistry
Statement of directors' responsibilities
The directors are responsible for preparing the directors report and the financial statements in accordance with applicable law and regulation.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to
  • select suitable accounting policies and then apply them consistently
  • make judgments and accounting estimates that are reasonable and prudent
  • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business

The directors are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. The directors are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

This report was approved by the board and signed on its behalf by:


----------------------------------
Andrew John Ferguson
Director

Date approved: 26 September 2025
2
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Almonds - Penstar Limited for the year ended 31 December 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Almonds - Penstar Limited for the year ended 31 December 2024 which comprise of the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the companys 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, we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/members/regulations-standards-and-guidance

This report is made solely to the Board of Directors of Almonds - Penstar Limited, as a body, in accordance with the terms of our engagement letter dated 26 September 2025. Our work has been undertaken solely to prepare for your approval the accounts of Almonds - Penstar Limited and state those matters that we have agreed to state to the Board of Directors of Almonds - Penstar Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Almonds - Penstar Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Almonds - Penstar Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Almonds - Penstar Limited. You consider that Almonds - Penstar 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 accounts of Almonds - Penstar 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 accounts
31 December 2024



....................................................
aa Chartered Accountants
6 Blenheim Court
Peppercorn Close
Peterborough
United Kingdom
PE1 2DU
26 September 2025
3
 
 		 Notes
 		 2024
£		   2023
£
Fixed assets      
Tangible fixed assets 3 1,580,281    1,455,422 
1,580,281    1,455,422 
Current assets      
Debtors 4 60,421    61,530 
Cash at bank and in hand 1,089    2,044 
61,510    63,574 
Creditors: amount falling due within one year 5 (31,421)   (35,196)
Net current assets 30,089    28,378 
 
Total assets less current liabilities 1,610,370    1,483,800 
Creditors: amount falling due after more than one year 6 (957,185)   (957,129)
Provisions for liabilities 7 (98,484)   (74,734)
Net assets 554,701    451,937 
 

Capital and reserves 		     
Called up share capital 8 100    100 
Revaluation Reserves 9 673,440    572,190 
Profit and loss account (118,839)   (120,353)
Shareholders' funds 554,701    451,937 
 


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.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. 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.
These 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 to the Registrar of Companies.
The financial statements were approved by the board of directors on 26 September 2025 and were signed on its behalf by:


-------------------------------
Andrew John Ferguson
Director
4
  Equity share capital   Revaluation reserve   Retained Earnings   Total
£ £ £ £
At 01 January 2023 100  408,412  (89,525) 318,987 
Profit for the year 106,757  106,757 
Revaluation of Fixed Assets 137,585  137,585 
Transfers to/from other reserves (137,585) (137,585)
Deferred taxation arising on the revaluation 26,193  26,193 
Total comprehensive income for the year -  163,778  (30,828) 132,950 
Total investments by and distributions to owners -  -  -  - 
At 31 December 2023 100  572,190  (120,353) 451,937 
At 01 January 2024 100  572,190  (120,353) 451,937 
Profit for the year 102,764  102,764 
Revaluation of Fixed Assets 125,000  125,000 
Transfers to/from other reserves (101,250) (101,250)
Deferred taxation arising on the revaluation (23,750) (23,750)
Total comprehensive income for the year -  101,250  1,514  102,764 
Total investments by and distributions to owners -  -  -  - 
At 31 December 2024 100  673,440  (118,839) 554,701 
5
General Information
Almonds - Penstar Limited is a private company, limited by shares, registered in England and Wales, registration number 11976008, registration address 3 Church Street, Carlby , Stamford, England, PE9 4NB.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Computer Equipment 33.33% Reducing Balance
Investment properties
Investment properties are properties held to earn rentals and/or for capital appreciation.
Investment properties should be recognised initially at cost and subsequently investment properties are measured at fair value. Gains and losses arising from changes in the fair value of investment properties are included in profit or loss in the period in which they arise.
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
Financial instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
2.

Average number of employees including directors

Average number of employees during the year was 2 (2023 : 2).
3.

Tangible fixed assets

Cost or valuation Computer Equipment   Investment properties   Total
  £   £   £
At 01 January 2024 949    1,455,000    1,455,949 
Additions -    -    - 
Disposals -    -    - 
Revaluations -    125,000    125,000 
At 31 December 2024 949    1,580,000    1,580,949 
Depreciation
At 01 January 2024 527    -    527 
Charge for year 141    -    141 
On disposals -    -    - 
At 31 December 2024 668    -    668 
Net book values
Closing balance as at 31 December 2024 281    1,580,000    1,580,281 
Opening balance as at 01 January 2024 422    1,455,000    1,455,422 


4.

Debtors: amounts falling due within one year

2024
£		   2023
£
Amount Owed by Participating Interests 55,000    55,000 
Prepayments & Accrued Income 4,421    6,530 
Accrued Income 1,000    0 
60,421    61,530 

5.

Creditors: amount falling due within one year

2024
£		   2023
£
Amounts Owed to Participating Interests 29,571    32,321 
Directors Loan 1,850    2,875 
31,421    35,196 

6.

Creditors: amount falling due after more than one year

2024
£		   2023
£
Bank Loans & Overdrafts (secured) 957,185    957,129 
957,185    957,129 
Secured Creditors
Shawbrook Bank Ltd have a fixed charge over the leasehold properties.

7.

Provisions for liabilities

2024
£		   2023
£
Deferred Tax 98,484    74,734 
98,484    74,734 
Deferred Tax
Deferred tax comprises
  Current
£
Accelerated Capital allowances 120 
Revaluation on properties 91,775 
Losses carried forward (17,161)
74,734 

8.

Share Capital

Authorised
100 Ordinary shares of £1.00 each
Allotted, called up and fully paid
2024
£		   2023
£
100 Ordinary shares of £1.00 each 100    100 
100    100 

9.

Revaluation Reserves

2024
£		   2023
£
Revaluation Reserve b/fwd 572,190    408,412 
Revaluation of Fixed Assets 125,000    137,585 
Deferred Tax Provided on Revaluation (23,750)   26,193 
673,440    572,190 

10.

Director’s loan

Director's loan account - Anil mistry

As at the balance sheet date, Director advanced the company £1,350. (2023 £2,375). This loan is interest free and will be repayable on demand.

Director's Loan account (Andrew)

As at the balance sheet date, Director advanced the company £500 (2023: £500). This loan is interest free and will be repayable on demand.
11.

Related Party Transactions

The company owes Penstar Developments Ltd £15,091 (2023: £15,966) shown within other creditors, this company owns 50% of the shareholding in Almonds Penstar Ltd.  The loan is interest free and repayable upon demand.

The company is owed £55,000 from Almonds Penstar Yaxley Ltd, (2023: £55,000) a company which is controlled by similar directors this loan is interest free and repayable upon demand.
6