Penshaw Engineering Holdings Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 16023666

Penshaw Engineering Holdings Limited

Filleted Unaudited Financial Statements

31 March 2025

Penshaw Engineering Holdings Limited

Statement of Financial Position

31 March 2025

	31 Mar 25
Note	£	£

Fixed assets

Investments	4		1,497,778

Current assets

Debtors	5	30,081

Creditors: amounts falling due within one year	6	( 1,258,921)
		------------
Net current liabilities			( 1,228,840)
			------------
Total assets less current liabilities			268,938

Creditors: amounts falling due after more than one year	7	( 240,000)
		----------
Net assets		28,938
		----------

Capital and reserves

Called up share capital		150,001
Profit and loss account		( 121,063)
		----------
Shareholders funds		28,938
		----------

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 comprehensive income has not been delivered.

For the period 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 period 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 .

Penshaw Engineering Holdings Limited

Statement of Financial Position (continued)

31 March 2025

These financial statements were approved by the board of directors and authorised for issue on 1 December 2025 , and are signed on behalf of the board by:

L R Litwinowicz
Director

Company registration number: 16023666

Penshaw Engineering Holdings Limited

Notes to the Financial Statements

Period from 17 October 2024 to 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 23 Harvey Close, Crowther Industrial Estate, Washington, Tyne & Wear, NE38 0AB.

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. The financial statements are prepared in sterling, which is the functional currency of the entity, rounded to the nearest £1. Consolidation The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group. Investments Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses. 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.

4. Investments

	Shares in group undertakings
	£
Cost
At 17 October 2024	–
Additions	1,497,778
	------------
At 31 March 2025	1,497,778
	------------
Impairment
At 17 October 2024 and 31 March 2025	–
	------------

Carrying amount
At 31 March 2025	1,497,778
	------------

5. Debtors

	31 Mar 25
	£
Other debtors	30,081
	--------

6. Creditors: amounts falling due within one year

	31 Mar 25
	£
Amounts owed to group undertakings and undertakings in which the company has a participating interest	1,046,587
Other creditors	212,334
	------------
	1,258,921
	------------

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

	31 Mar 25
	£
Other creditors	240,000
	----------