PENCROFT PROPERTY LTD


Director	LAWRENCE, Robert Graham


Registered Address	Glen Croft Hendra Vean
	Carbis Bay
	St. Ives
	TR26 2LF


Registered Number	12388180 (England and Wales)

Balance Sheet as at
31 January 2025

	Notes	2025		2024
		£	£	£	£
Current assets
Stocks	3	711,386		789,017
Cash at bank and on hand		301		270
		711,687		789,287
Creditors amounts falling due within one year	4	(560)		(78,191)
Net current assets (liabilities)			711,127		711,096
Total assets less current liabilities			711,127		711,096
Creditors amounts falling due after one year	5		(933,954)		(812,112)
Net assets			(222,827)		(101,016)
Capital and reserves
Called up share capital			1		1
Profit and loss account			(222,828)		(101,017)
Shareholders' funds			(222,827)		(101,016)

The company was entitled to exemption from audit for this reporting period 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 Director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Director on 22 October 2025, and are signed on its behalf by:

LAWRENCE, Robert Graham
Director
Registered Company No. 12388180

PENCROFT PROPERTY LTD

Notes to the Financial Statements
for the year ended 31 January 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	Revenue from sale of goods
	Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

Revenue from sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Stocks and work in progress
	Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).

2.	Average number of employees


		2025		2024
	Average number of employees during the year	0		0

3.	Stocks

	2025	2024
	£	£
Work in progress	711,386	789,017
Total	711,386	789,017

4.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	-	77,631
Accrued liabilities and deferred income	560	560
Total	560	78,191

5.	Creditors: amounts due after one year

	2025	2024
	£	£
Bank borrowings and overdrafts	465,416	422,610
Other creditors	468,538	389,502
Total	933,954	812,112