Pentamon Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 05771004

Pentamon Limited

Filleted Unaudited Financial Statements

31 March 2025

Pentamon Limited

Statement of Financial Position

31 March 2025

	2025		2024
Note	£	£	£

Fixed assets

Tangible assets	5		6,537,629	6,549,437

Current assets

Debtors	6	2,558,784	2,431,515
Cash at bank and in hand		6,308	54,647
		------------	------------
		2,565,092	2,486,162

Creditors: amounts falling due within one year	7	4,457,912		4,259,782
		------------		------------
Net current liabilities			1,892,820	1,773,620
			------------	------------
Total assets less current liabilities			4,644,809	4,775,817

Creditors: amounts falling due after more than one year	8		15,287	17,271

Provisions

Taxation including deferred tax	253,609	253,609
	------------	------------
Net assets	4,375,913	4,504,937
	------------	------------

Capital and reserves

Called up share capital	100	100
Profit and loss account	4,375,813	4,504,837
	------------	------------
Shareholders funds	4,375,913	4,504,937
	------------	------------

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 .

Pentamon Limited

Statement of Financial Position (continued)

31 March 2025

These financial statements were approved by the board of directors and authorised for issue on 12 December 2025 , and are signed on behalf of the board by:

Mr J Cherrington
Director

Company registration number: 05771004

Pentamon 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 3 Greengate, Cardale Park, Harrogate, North Yorkshire, HG3 1GY.

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 accounts have been prepared on a going concern basis which assumes continued support of the company's creditors. No adjustments or provisions have been included which would arise should the company be unable to continue to trade.

Revenue recognition

Revenue is measured at the fair value of the consideration received or receivable for the provision of goods and services to customers outside the company net of returns, sales allowances and VAT. Revenue from goods and services is recognised at the point the company fulfils its commercial obligations to the customer, the revenue and costs in respect of the transaction can be measured reliably and collectability is reasonably assured.

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	-	20% reducing balance
Motor Vehicles	-	25% reducing balance
Office Equipment	-	20 % reducing balance

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 2 (2024: 2 ).

5. Tangible assets

	Land and buildings	Fixtures and fittings	Motor vehicles	Equipment	Total
	£	£	£	£	£
Cost
At 1 April 2024 and 31 March 2025	6,500,000	107,030	38,000	2,561	6,647,591
	------------	---------	--------	-------	------------
Depreciation
At 1 April 2024	–	98,052	–	102	98,154
Charge for the year	–	1,795	9,500	513	11,808
	------------	---------	--------	-------	------------
At 31 March 2025	–	99,847	9,500	615	109,962
	------------	---------	--------	-------	------------
Carrying amount
At 31 March 2025	6,500,000	7,183	28,500	1,946	6,537,629
	------------	---------	--------	-------	------------
At 31 March 2024	6,500,000	8,978	38,000	2,459	6,549,437
	------------	---------	--------	-------	------------

Tangible assets held at valuation

The directors consider the net book value of the properties to be accurate reflection of the open market value at the year end.

6. Debtors

	2025	2024
	£	£
Trade debtors	( 28,800)	( 28,800)
Amounts owed by group undertakings and undertakings in which the company has a participating interest	2,117,467	2,343,540
Other debtors	470,117	116,775
	------------	------------
	2,558,784	2,431,515
	------------	------------

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	3,654,000	3,611,454
Trade creditors	1,033	2,616
Amounts owed to group undertakings and undertakings in which the company has a participating interest	580,000	410,000
Corporation tax	–	12,345
Social security and other taxes	348	347
Other creditors	5,697	6,736
Other creditors	216,834	216,284
	------------	------------
	4,457,912	4,259,782
	------------	------------

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

	2025	2024
	£	£
Other creditors	15,287	17,271
	--------	--------

9. Director's advances, credits and guarantees

There were no advances or guarantees during the year.

10. Related party transactions

The company is a subsidiary of Harwood Developments Limited, by virtue of its 100% shareholding in the company. During the year the company received rent of £410,000 (2024 - £80,042) from Lapicida Stone Group Limited, a related party by way of Mr & Mrs Cherrington's shareholdings in both companies. The rent is charged on normal commercial terms. At the balance sheet date the following was due from related parties by way of common control:

	2025	2024
	£	£
Harwood Developments Limited	116,542	341,704
Lapicida Group Limited	2,000,001	2,000,001

No other transactions with related parties were undertaken such as are required to be disclosed under the Financial Reporting Standard 102.

11. Controlling party

The company is a wholly owned subsidiary of Harwood Developments Limited, a company registered in England and Wales.