REGISTERED NUMBER: 09084990 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2025

FOR

PENNY LANE PARTNERSHIP LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr T P Rogers

Mrs D L Rogers

REGISTERED OFFICE:

1 Langley Court

Pyle Street

Newport

Isle of Wight

PO30 1LA

REGISTERED NUMBER:

09084990 (England and Wales)

ACCOUNTANTS:

Xeinadin Isle of Wight

1 Langley Court

Pyle Street

Newport

Isle of Wight

PO30 1LA

FIXED ASSETS

Tangible assets

4

223

6,897

Investments

5

101

101

324

6,998

CURRENT ASSETS

Debtors

6

59,528

103,519

Cash at bank

697

12

60,225

103,531

CREDITORS

Amounts falling due within one year

7

54,170

66,259

NET CURRENT ASSETS

6,055

37,272

TOTAL ASSETS LESS CURRENT LIABILITIES

6,379

44,270

CREDITORS

Amounts falling due after more than one year

8

-

9,164

NET ASSETS

6,379

35,106

CAPITAL AND RESERVES

Called up share capital

10

100

100

Retained earnings

6,279

35,006

SHAREHOLDERS' FUNDS

6,379

35,106

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2025 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 October 2025 and were signed on its behalf by:

Mr T P Rogers - Director

Mrs D L Rogers - Director

1.	STATUTORY INFORMATION

Penny Lane Partnership 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.

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

-

25% on reducing balance

Motor vehicles

-

33% on cost

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - NIL).

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

£

£

£

COST

At 1 July 2024

22,497

3,649

20,534

46,680

Disposals

(20,546

)

(3,649

)

(20,534

)

(44,729

)

At 30 June 2025

1,951

-

-

1,951

DEPRECIATION

At 1 July 2024

16,389

2,860

20,534

39,783

Charge for year

1,527

197

-

1,724

Eliminated on disposal

(16,188

)

(3,057

)

(20,534

)

(39,779

)

At 30 June 2025

1,728

-

-

1,728

NET BOOK VALUE

At 30 June 2025

223

-

-

223

At 30 June 2024

6,108

789

-

6,897

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 July 2024

and 30 June 2025

101

NET BOOK VALUE

At 30 June 2025

101

At 30 June 2024

101

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Amounts owed by subsidiary company

59,261

103,252

Other debtors

267

267

59,528

103,519

Other debtors at 30th June 2025 and 30th June 2024 were PAYE overpaid.

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

9,167

10,000

Tax

6,236

55,570

Directors' current accounts

37,981

-

Accrued expenses

786

689

54,170

66,259

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans - 1-2 years

-

9,164

9.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

9,167

19,164

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

50

Ordinary A

£1

50

50

50

Ordinary B

£1

50

50

100

100