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REGISTERED NUMBER: 14872824 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2025

FOR

A. PENNYWORTH LTD

| A. PENNYWORTH LTD (REGISTERED NUMBER: 14872824) |

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2025

Page |

| Company information | 1 |

| Balance sheet | 2 |

| Notes to the financial statements | 3 |

| A. PENNYWORTH LTD |

COMPANY INFORMATION

FOR THE YEAR ENDED 31 MAY 2025

| Director: | Mr C Spina

| Secretary: | Vistra Cosec Limited

| Registered office: | First Floor, Templeback

| 10 Temple Back

| Bristol

| BS1 6FL

| Registered number: | 14872824 (England and Wales)

| A. PENNYWORTH LTD (REGISTERED NUMBER: 14872824) |

BALANCE SHEET

31 MAY 2025

31/5/25 | 31/5/24 |

| Notes | £ | £

CURRENT ASSETS

Debtors | 4 | 31,367 |  | 39,798 |  |

Cash at bank | 1,790 |  | 2,343 |  |

33,157 |  | 42,141 |  |

CREDITORS

Amounts falling due within one year | 5 | (7,346 | ) | (16,449 | ) |

NET CURRENT ASSETS | 25,811 |  | 25,692 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 25,811 |  | 25,692 |  |

CAPITAL AND RESERVES

Called up share capital | 100 |  | 100 |  |

Retained earnings | 25,711 |  | 25,592 |  |

SHAREHOLDERS' FUNDS | 25,811 |  | 25,692 |  |

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Income statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 23 December 2025 and were signed by:

Mr C Spina - Director

| A. PENNYWORTH LTD (REGISTERED NUMBER: 14872824) |

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2025

1. | STATUTORY INFORMATION

| A. Pennyworth 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.

| The company’s functional and presentational currency is pounds sterling (GBP) and the financial statements have been rounded to the nearest pound (£).

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 fair value of the consideration received or receivable for consultancy services, excluding discounts, rebates and other sales taxes.

| Financial instruments

| The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS102 to all of its financial instruments.

| Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

| Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

| Classification of financial liabilities

| Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into.

| Basic financial liabilities

| Basic financial liabilities, including creditors, and loans from fellow group companies are initially recognised at transaction price.

| Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are initially recognised at transaction price.

| Taxation

| Taxation for the year comprises of current 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 equity.

| Current taxation assets and liabilities are not discounted.

| Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

| Foreign currencies

| Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

| 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 NIL (2024 - NIL).

| A. PENNYWORTH LTD (REGISTERED NUMBER: 14872824) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MAY 2025

4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

31/5/25 | 31/5/24 |

| £ | £

| Trade debtors | 5,050 |  | 35,000 |  |

| Other debtors | 26,317 |  | 4,798 |  |

31,367 |  | 39,798 |  |

5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

31/5/25 | 31/5/24 |

| £ | £

| Trade creditors | - |  | 1,122 |  |

| Taxation and social security | 3,022 |  | 10,038 |  |

| Other creditors | 4,324 |  | 5,289 |  |

7,346 |  | 16,449 |  |

6. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

| The following advances and credits to a director subsisted during the year ended 31 May 2025 and the period ended 31 May 2024:

31/5/25 | 31/5/24 |

| £ | £

| Mr C Spina

| Balance outstanding at start of year | (2,558 | ) | - |  |

| Amounts advanced | 27,672 |  | (2,558 | ) |

| Amounts repaid | - |  | - |  |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | 25,114 |  | (2,558 | ) |

| This director's loan account will be repaid within nine months of the year end. Interest has been charged on the loan at the beneficial rate of interest as set by HMRC.

7. | RELATED PARTY DISCLOSURES

| During the year, the company raised sales invoices of £nil (2024: £1,000) to Ludd Consulting Limited, a company under common control.

| Included in creditors is £1,096 (2024; £4,712 in debtors) owed by the company to Ludd Consulting Limited, a company under common control. This loan is unsecured, interest free with no set terms for repayment.

| During the year, the company purchased services of £4,823 (2024; £16,704) from Mr G Spina, the son of the director and sole shareholder.