Pennington Surveyors Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 4401037

Pennington Surveyors Limited

Filleted Unaudited Financial Statements

31 March 2025

Pennington Surveyors Limited

Statement of Financial Position

31 March 2025

	2025		2024
Note	£	£	£	£

Fixed assets

Tangible assets	6		13,701		16,178

Current assets

Debtors	7	320,213	301,242
Investments	8	–	24,457
Cash at bank and in hand		46,820	24,755
		---------	---------
		367,033	350,454

Creditors: amounts falling due within one year	9	53,657		62,026
		---------		---------
Net current assets			313,376		288,428
			---------		---------
Total assets less current liabilities			327,077		304,606

Creditors: amounts falling due after more than one year	10		–		14,167

Provisions

Taxation including deferred tax	2,397	2,953
	---------	---------
Net assets	324,680	287,486
	---------	---------

Capital and reserves

Called up share capital	11	100	100
Profit and loss account		324,580	287,386
		---------	---------
Shareholders funds		324,680	287,486
		---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Pennington Surveyors Limited

Statement of Financial Position (continued)

31 March 2025

These financial statements were approved by the board of directors and authorised for issue on 20 August 2025 , and are signed on behalf of the board by:

Mr I Drozdov
Director

Company registration number: 4401037

Pennington Surveyors Limited

Notes to the Financial Statements

Year ended 31 March 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 86-90 Paul Street, London, EC2A 4NE.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the 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.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

	Fixtures and fittings	-	15% reducing balance

4. Employee numbers

The average number of persons employed by the company during the year amounted to 8 (2024: 12 ).

5. Tax on profit/(loss)

Major components of tax expense/(income)

	2025	2024
	£	£

Current tax:

UK current tax expense/(income)	14,794	( 535)

Deferred tax:

Origination and reversal of timing differences	( 556)	( 33)
	--------	----
Tax on profit/(loss)	14,238	( 568)
	--------	----

6. Tangible assets

	Fixtures and fittings
	£
Cost
At 1 April 2024	29,947
Additions	400
	--------
At 31 March 2025	30,347
	--------
Depreciation
At 1 April 2024	13,769
Charge for the year	2,877
	--------
At 31 March 2025	16,646
	--------
Carrying amount
At 31 March 2025	13,701
	--------
At 31 March 2024	16,178
	--------

7. Debtors

	2025	2024
	£	£
Trade debtors	4,057	2,876
Amounts owed by group undertakings	271,932	254,117
Prepayments and accrued income	20,726	22,563
Corporation tax repayable	–	535
Other debtors	23,498	21,151
	---------	---------
	320,213	301,242
	---------	---------

8. Investments

	2025	2024
	£	£
Other investments	–	24,457
	----	--------

9. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	–	10,000
Trade creditors	14,379	36,043
Accruals and deferred income	11,435	1,298
Corporation tax	14,794	–
Social security and other taxes	13,049	14,685
	--------	--------
	53,657	62,026
	--------	--------

10. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	–	14,167
	----	--------

11. Called up share capital

Issued, called up and fully paid

	2025		2024
	No.	£	No.	£
Ordinary shares of £ 1 each	100	100	100	100
	----	----	----	----

12. Director's advances, credits and guarantees

During the year there were no director's advances, credits and guarantees.

13. Related party transactions

During the year the company entered into the following transactions with related parties:

	Transaction value		Balance owed by/(owed to)
	2025	2024	2025	2024
	£	£	£	£
Pennington Holdings Limited	–	–	271,932	254,117
	----	----	---------	---------