REGISTERED NUMBER: 12719218 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

PENPOLE EVENTS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr J E Barbey III

Mr J H Garcia

REGISTERED OFFICE:

The Loggia Kings Weston House

Kings Weston Lane

Bristol

BS11 0UR

REGISTERED NUMBER:

12719218 (England and Wales)

ACCOUNTANTS:

Burnside

Chartered Accountants

61 Queen Square

Bristol

BS1 4JZ

FIXED ASSETS

Tangible assets

4

1,080,656

1,159,889

CURRENT ASSETS

Stocks

11,408

4,800

Debtors

5

453,736

338,016

Cash at bank and in hand

16,558

16,104

481,702

358,920

CREDITORS

Amounts falling due within one year

6

3,540,882

2,861,278

NET CURRENT LIABILITIES

(3,059,180

)

(2,502,358

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(1,978,524

)

(1,342,469

)

CAPITAL AND RESERVES

Called up share capital

7

1

1

Retained earnings

(1,978,525

)

(1,342,470

)

SHAREHOLDERS' FUNDS

(1,978,524

)

(1,342,469

)

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 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 30 September 2025 and were signed on its behalf by:

Mr J E Barbey III - Director

1.	STATUTORY INFORMATION

Penpole Events 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

20% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2023 - 11 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

property

machinery

fittings

£

£

£

COST

At 1 January 2024

1,133,681

5,700

320,969

Additions

114,439

2,000

55,737

At 31 December 2024

1,248,120

7,700

376,706

DEPRECIATION

At 1 January 2024

301,589

-

153,248

Charge for year

136,256

-

75,341

At 31 December 2024

437,845

-

228,589

NET BOOK VALUE

At 31 December 2024

810,275

7,700

148,117

At 31 December 2023

832,092

5,700

167,721

Motor

vehicles

Equipment

Totals

£

£

£

COST

At 1 January 2024

12,298

257,003

1,729,651

Additions

-

18,328

190,504

At 31 December 2024

12,298

275,331

1,920,155

DEPRECIATION

At 1 January 2024

3,075

111,850

569,762

Charge for year

3,074

55,066

269,737

At 31 December 2024

6,149

166,916

839,499

NET BOOK VALUE

At 31 December 2024

6,149

108,415

1,080,656

At 31 December 2023

9,223

145,153

1,159,889

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

41,129

27,259

Other debtors

412,607

310,757

453,736

338,016

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

25,418

18,439

Amounts owed to group undertakings

1,684,071

1,690,904

Taxation and social security

9,208

3,507

Other creditors

1,822,185

1,148,428

3,540,882

2,861,278

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

1

Ordinary

1

1

1

8.	RELATED PARTY DISCLOSURES

At the year end the company owed £137,213 (2023 - £153,226) to Kings Weston Limited, the parent company.

At the year end the company owed £1,546,858 (2023 - £1,537,678) to Weston Regis Limited, a group company, a subsidiary of Kings Weston Limited.

At the year end the company owed Mr J E Barbey III, a director of the company, £1,440,889 (2023 - £804,155).

9.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr J E Barbey III, due to his majority shareholding in the parent company, Kings Weston Limited.