REGISTERED NUMBER: 09482827 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

PENBANC HOSPITALITY LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

B S Washbrook

B Rees

SECRETARY:

B S Washbrook

REGISTERED OFFICE:

Plas-y-Ffynnon

Felindre Farchog

Crymych

Pembrokeshire

SA41 3XB

REGISTERED NUMBER:

09482827 (England and Wales)

ACCOUNTANTS:

William Marshall & Co

Financial Accountants

Park View House

Ropewalk

Fishguard

Pembrokeshire

SA65 9BT

FIXED ASSETS

Tangible assets

4

1,173

5,532

Investments

5

2

2

1,175

5,534

CURRENT ASSETS

Debtors

6

56,103

65,926

Cash at bank

1,523

7,544

57,626

73,470

CREDITORS

Amounts falling due within one year

7

18,384

21,299

NET CURRENT ASSETS

39,242

52,171

TOTAL ASSETS LESS CURRENT LIABILITIES

40,417

57,705

CREDITORS

Amounts falling due after more than one year

8

36,657

57,335

NET ASSETS

3,760

370

CAPITAL AND RESERVES

Called up share capital

10

110

110

Retained earnings

11

3,650

260

SHAREHOLDERS' FUNDS

3,760

370

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 Statement of Income and Retained Earnings has not been delivered.

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

B S Washbrook - Director

1.	STATUTORY INFORMATION

Penbanc Hospitality Ltd 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Motor vehicles

-

25% on cost

Computer equipment

-

33% on cost

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 April 2024

26,555

-

26,555

Additions

-

1,207

1,207

Disposals

(26,555

)

-

(26,555

)

At 31 March 2025

-

1,207

1,207

DEPRECIATION

At 1 April 2024

21,023

-

21,023

Charge for year

2,766

34

2,800

Eliminated on disposal

(23,789

)

-

(23,789

)

At 31 March 2025

-

34

34

NET BOOK VALUE

At 31 March 2025

-

1,173

1,173

At 31 March 2024

5,532

-

5,532

5.	FIXED ASSET INVESTMENTS

Interest

in joint

venture

£

COST

At 1 April 2024

and 31 March 2025

2

NET BOOK VALUE

At 31 March 2025

2

At 31 March 2024

2

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

805

570

Other debtors

54,093

53,093

Bear Lion Ltd

780

(200

)

Directors' current accounts

-

11,290

VAT

425

484

Prepayments

-

689

56,103

65,926

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts (see note 9)

6,344

6,220

Other loans (see note 9)

3,449

6,491

Hire purchase contracts

-

3,772

Trade creditors

(1

)

2

Corporation tax

2,188

-

Other creditors

4,054

4,038

Lloyds business card

683

776

Directors' current accounts

1,667

-

18,384

21,299

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans (see note 9)

6,757

13,112

Other loans (see note 9)

29,900

33,312

Hire purchase contracts

-

10,911

36,657

57,335

9.

LOANS

An analysis of the maturity of loans is given below:

2025

2024

£

£

Amounts falling due within one year or on demand:

Bank loans

6,344

6,220

Other loans

3,449

6,491

9,793

12,711

Amounts falling due between one and two years:

Bank loans - 1-2 years

6,757

6,355

Other loans - 1-2 years

6,764

6,677

13,521

13,032

Amounts falling due between two and five years:

Bank loans - 2-5 years

-

6,757

Other loans - 2-5 years

23,136

26,635

23,136

33,392

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

100

Ordinary

£1.00

100

100

10

'A' Ordinary

£1.00

10

10

110

110

11.

RESERVES

Retained

earnings

£

At 1 April 2024

260

Profit for the year

44,490

Dividends

(41,100

)

At 31 March 2025

3,650

12.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2025 and 31 March 2024:

2025

2024

£

£

B S Washbrook

Balance outstanding at start of year

11,289

19,119

Amounts advanced

-

11,289

Amounts repaid

(11,289

)

(19,119

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

11,289