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Pendra Loweth Leaseholders Management Limited
Annual Report and Unaudited Financial Statements
Year Ended 31 December 2025

Registration number: 10977951

Pendra Loweth Leaseholders Management Limited

Contents

Balance Sheet | 1 to 2
Notes to the Unaudited Financial Statements | 3 to 5

Pendra Loweth Leaseholders Management Limited

Balance Sheet

31 December 2025

| Note | 2025 £ | 2024 £
Current assets |  |  |
Debtors | 4 | 96,197 | 101,925
Cash at bank and in hand |  | 149,213 | 164,786
|  | 245,410 | 266,711
Creditors: Amounts falling due within one year | 5 | (25,729) | (87,441)
Net assets |  | 219,681 | 179,270
Capital and reserves |  |  |
Called up share capital | 7 | 111 | 111
Profit and loss account |  | 219,570 | 179,159
Shareholders' funds |  | 219,681 | 179,270

Pendra Loweth Leaseholders Management Limited

Balance Sheet

31 December 2025

For the financial year ending 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 5 March 2026 and signed on its behalf by:

......................................... P A White Director

Company Registration Number: 10977951

Pendra Loweth Leaseholders Management Limited

Notes to the Unaudited Financial Statements

Year Ended 31 December 2025

1 | General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Pendra Loweth
Maen Valley
Goldenbank
Falmouth
Cornwall
TR11 5BJ
England

These financial statements were authorised for issue by the Board on 5 March 2026.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts and after eliminating sales within the company.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Pendra Loweth Leaseholders Management Limited

Notes to the Unaudited Financial Statements

Year Ended 31 December 2025

Financial instruments

Classification
The company holds the following financial instruments:
• Short term trade and other debtors and creditors; and
• Cash and bank balances.
All financial instruments are classified as basic.
Recognition and measurement
The company has chosen to apply the recognition and measurement principles in FRS102.
Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument and derecognised when in the case of assets, the contractual rights to cash flows from the assets expire or substantially all the risks and rewards of ownership are transferred to another party, or in the case of liabilities, when the company’s obligations are discharged, expire or are cancelled.
Except for bank loans, such instruments are initially measured at transaction price, including transaction costs, and are subsequently carried at the undiscounted amount of the cash or other consideration expected to be paid or received, after taking account of impairment adjustments.
Bank loans are initially measured at transaction price, including transaction costs, and are subsequently carried at amortised cost using the effective interest method.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 6 (2024 - 6).

4 | Debtors

| 2025 £ | 2024 £
Trade debtors | 11,704 | 14,290
Prepayments | 16,474 | 15,978
Other debtors | 68,019 | 71,657
| 96,197 | 101,925

Pendra Loweth Leaseholders Management Limited

Notes to the Unaudited Financial Statements

Year Ended 31 December 2025

5 | Creditors

Creditors: amounts falling due within one year

| 2025 £ | 2024 £
Due within one year |  |
Trade creditors | 4,231 | 4,467
Accruals and deferred income | 3,614 | 41,770
Other creditors | 17,884 | 41,204
| 25,729 | 87,441

6 | Reserves

The profit and loss account reserves are to be used as a sinking fund for major items of expenditure.
Clauses 49 and 50 of the lease refers to the company being allowed to hold onto any excess generated without any obligations to return funds back to the owners.

7 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
Ordinary shares of £1 each | 111 | 111 | 111 | 111