PennyRoyal Rye Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 04749582 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2025

FOR

PENNYROYAL RYE LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Accountants' Report

7

DIRECTORS:

D L Smith

C J Smith

SECRETARY:

D L Smith

REGISTERED OFFICE:

20 Havelock Road

Hastings

East Sussex

TN34 1BP

REGISTERED NUMBER:

04749582 (England and Wales)

ACCOUNTANTS:

Ashdown Hurrey

Chartered Accountants & Business Advisers

20 Havelock Road

Hastings

East Sussex

TN34 1BP

FIXED ASSETS

Intangible assets

4

-

Tangible assets

5

47,981

25,715

47,981

25,715

CURRENT ASSETS

Stocks

63,000

65,000

Cash at bank

59,954

38,953

122,954

103,953

CREDITORS

Amounts falling due within one year

6

118,222

82,900

NET CURRENT ASSETS

4,732

21,053

TOTAL ASSETS LESS CURRENT
LIABILITIES

52,713

46,768

CREDITORS

Amounts falling due after more than one
year

7

-

(3,963

)

PROVISIONS FOR LIABILITIES

(8,976

)

(6,232

)

NET ASSETS

43,737

36,573

CAPITAL AND RESERVES

Called up share capital

102

Retained earnings

43,635

36,471

SHAREHOLDERS' FUNDS

43,737

36,573

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 6 January 2026 and were signed on its behalf by:

C J Smith - Director

D L Smith - Director

1.	STATUTORY INFORMATION

PennyRoyal Rye Limited 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

The directors have made an assessment about the company's ability to continue as a going concern and they do not consider there to be any material uncertainties. As a result they have adopted the going concern basis of accounting.

Turnover

Turnover represents net invoiced sales of services, excluding value added tax. Turnover is recognised when the company obtains the right to consideration.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2002, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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

Short leasehold

-

over term of lease

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred 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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

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

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 July 2024

and 30 June 2025

160,000

AMORTISATION

At 1 July 2024

and 30 June 2025

160,000

NET BOOK VALUE

At 30 June 2025

-

At 30 June 2024

-

5.	TANGIBLE FIXED ASSETS

Fixtures

Short

Plant and

and

leasehold

machinery

fittings

£

COST

At 1 July 2024

579

36,768

28,542

Additions

-

52,809

-

Disposals

-

(34,480

)

-

At 30 June 2025

579

55,097

28,542

DEPRECIATION

At 1 July 2024

579

25,452

25,165

Charge for year

-

7,961

507

Eliminated on disposal

-

(23,427

)

-

At 30 June 2025

579

9,986

25,672

NET BOOK VALUE

At 30 June 2025

-

45,111

2,870

At 30 June 2024

-

11,316

3,377

Motor

Computer

vehicles

equipment

Totals

£

COST

At 1 July 2024

19,595

2,757

88,241

Additions

-

52,809

Disposals

(19,595

)

-

(54,075

)

At 30 June 2025

-

2,757

86,975

DEPRECIATION

At 1 July 2024

8,573

2,757

62,526

Charge for year

-

8,468

Eliminated on disposal

(8,573

)

-

(32,000

)

At 30 June 2025

-

2,757

38,994

NET BOOK VALUE

At 30 June 2025

-

47,981

At 30 June 2024

11,022

-

25,715

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.25

30.6.24

£

Bank loans and overdrafts

3,860

4,006

Tax

(3,014

)

3,014

Social security and other taxes

4

VAT

6,356

3,129

Other creditors

1,502

928

Deposits held

250

Directors' current accounts

107,714

70,019

Accrued expenses

1,550

118,222

82,900

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.6.25

30.6.24

£

Bank loans - 1-2 years

-

3,963

8.	RELATED PARTY DISCLOSURES

One of the premises from which the company trades is owned by the directors. During the year £10,000 was paid by the company to the directors for the rent of this property.

As at the balance sheet date the company owed an amount as detailed under note 6 to the directors. There are no terms attached to this loan and no interest is charged.

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of PennyRoyal Rye Limited for the year ended 30 June 2025 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at icaew.com/membershandbook.

This report is made solely to the Board of Directors of PennyRoyal Rye Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of PennyRoyal Rye Limited and state those matters that we have agreed to state to the Board of Directors of PennyRoyal Rye Limited, as a body, in this report in accordance with icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than PennyRoyal Rye Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that PennyRoyal Rye Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of PennyRoyal Rye Limited. You consider that PennyRoyal Rye Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of PennyRoyal Rye Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Ashdown Hurrey

Chartered Accountants & Business Advisers

20 Havelock Road

Hastings

East Sussex

TN34 1BP

6 January 2026