Podennis Limited - Accounts

Podennis Limited Accountants' Report For the year ended 31 March 2025
Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Podennis Limited for the year ended 31 March 2025. In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Podennis Limited for the year ended 31 March 2025 which comprise the Income Statement, the Statement of Financial Position, the Statement of Changes in Equity and related notes from the company's 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 http://icaew.com/en/members/regulations-standards-and-guidance/. This report is made solely to the Board of Directors of Podennis Limited, as a body, in accordance with the terms of our engagement letter dated 12 March 2018. Our work has been undertaken solely to prepare for your approval the financial statements of Podennis Limited and state those matters that we have agreed to state to the Board of Directors of Podennis 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 Podennis Limited and its Board of Directors as a body, for our work or for this report. It is your duty to ensure that Podennis Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit or loss of Podennis Limited. You consider that Podennis 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 financial statements of Podennis 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 financial statements. .................................................... P and Co (Partners) LLP 18 Ensign Street London E1 8PA 24 September 2025 2

Podennis Limited
Accountants' Report
For the year ended 31 March 2025

Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Podennis Limited for the year ended 31 March 2025.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Podennis Limited for the year ended 31 March 2025 which comprise the Income Statement, the Statement of Financial Position, the Statement of Changes in Equity and related notes from the company's 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 http://icaew.com/en/members/regulations-standards-and-guidance/.

This report is made solely to the Board of Directors of Podennis Limited, as a body, in accordance with the terms of our engagement letter dated 12 March 2018. Our work has been undertaken solely to prepare for your approval the financial statements of Podennis Limited and state those matters that we have agreed to state to the Board of Directors of Podennis 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 Podennis Limited and its Board of Directors as a body, for our work or for this report.

It is your duty to ensure that Podennis Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit or loss of Podennis Limited. You consider that Podennis 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 financial statements of Podennis 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 financial statements.

....................................................
P and Co (Partners) LLP
18 Ensign Street
London
E1 8PA
24 September 2025

Podennis Limited
Statement of Financial Position
As at 31 March 2025

	Notes	2025 £	2024 £
Fixed assets
Tangible fixed assets	4	74,157	74,425
		74,157	74,425
Current assets
Debtors: amounts falling due within one year	5	77,961	70,723
Cash at bank and in hand		143,582	156,936
		221,543	227,659
Creditors: amount falling due within one year	6	(166,659)	(177,967)
Net current assets		54,884	49,692

Total assets less current liabilities		129,041	124,117
Provisions for liabilities	7	96	124
Net assets		129,137	124,241

Capital and reserves
Called up share capital	8	1,000	1,000
Profit and loss account		128,137	123,241
Shareholders' funds		129,137	124,241

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

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
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 23 September 2025 and were signed on its behalf by:

-------------------------------
Mr Hon Hung Dennis NG
Director

Podennis Limited
Notes to the Financial Statements
For the year ended 31 March 2025

General Information

Podennis Limited is a private company, limited by shares, registered in England and Wales, registration number 02989882, registration address 18 Ensign Street, London, E1 8PA. The trading address of the company is Wing Yip Centre, Unit 1 & 1A, 544 Purley Way, Croydon, CRO 4RF.

The presentation currency is £ sterling.

Accounting policies

Significant accounting policies

Statement of compliance

These financial statements have been prepared in compliance with FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 (as applied to small entities by Section 1A of the standard).

Basis of preparation

The financial statements have been prepared on the going concern basis and under the historical cost convention. The financial statements are prepared in sterling which is the functional currency of the company.

Going concern basis
The directors believe that they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.

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 income statement, 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.

Intangible assets

Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.

Goodwill
Acquired goodwill is stated at cost less amortisation. Amortisation is calculated on a straight line basis over the estimated expected useful economic life of the goodwill of 12 years.

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 less residual value of each asset over its expected useful life, as follows:
Plant and Machinery 25% Reducing Balance

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.

2.	Average number of employees Average number of employees during the year was 0 (2024 : 2).

Intangible fixed assets

Cost	Goodwill	Total
	£	£
At 01 April 2024	150,000	150,000
Additions	-	-
Disposals	-	-
At 31 March 2025	150,000	150,000
Amortisation
At 01 April 2024	150,000	150,000
Charge for year	-	-
On disposals	-	-
At 31 March 2025	150,000	150,000
Net book values
At 31 March 2025	-	-
At 31 March 2024	-	-

Tangible fixed assets

Cost or valuation	Land and Buildings	Plant and Machinery	Fixtures and Fittings	Total
	£	£	£	£
At 01 April 2024	123,305	262,955	273,522	659,782
Additions	-	-	-	-
Disposals	-	-	-	-
At 31 March 2025	123,305	262,955	273,522	659,782
Depreciation
At 01 April 2024	49,952	261,883	273,522	585,357
Charge for year	-	268	-	268
On disposals	-	-	-	-
At 31 March 2025	49,952	262,151	273,522	585,625
Net book values
Closing balance as at 31 March 2025	73,353	804	-	74,157
Opening balance as at 01 April 2024	73,353	1,072	-	74,425

Debtors: amounts falling due within one year

	2025 £	2024 £
Prepayments & Accrued Income	51,109	50,076
Other Debtors	20,947	20,647
Directors' Current Accounts	5,905	-
	77,961	70,723

Creditors: amount falling due within one year

	2025 £	2024 £
Corporation Tax	65,637	72,020
Accrued Expenses & Deferred income	2,975	6,765
Other Creditors	80,000	80,000
Directors' Current Accounts	-	141
VAT	18,047	19,041
	166,659	177,967

Provisions for liabilities

	2025 £		2024 £
Deferred Tax	(96)		(124)
	(96)		(124)

Share Capital

Authorised
1,000 Ordinary shares of £1.00 each

Allotted, called up and fully paid	2025 £		2024 £
1,000 Ordinary shares of £1.00 each	1,000		1,000
	1,000		1,000

Registered Number: 02989882
England and Wales
PODENNIS LIMITED

Unaudited Financial Statements

Period of accounts Start date: 01 April 2024 End date: 31 March 2025