A. Pennyworth Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 14872824 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2025

FOR

A. PENNYWORTH LTD

Page

Company information

1

Balance sheet

2

Notes to the financial statements

3

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)

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

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

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).

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.