Pencilbox Property Limited - Filleted accounts

Pencilbox Property Limited
Data not obtained from trial balance		AutoHide is on
Enter data in the white spaces Enter numbers as + unless indicated				Current year	Comparative

Units (eg £ or £000)		£	include a trailing space

Company registration number		11273945

		Date
Approval date of the accounts by the board		20/05/2026

		Date
Date of signing on the audit/accountants report		20/05/2026

Date of engagement letter (required for		Date
CA and ACCA reports)

Person signing directors' report:
	Name of director	K Leeming
	Or, name of secretary

Name of director signing balance sheet		K Leeming

Address of registered office:
	Address line 1	15 Istead Rise
	Address line 2
	City or town	Gravesend
	County or region	Kent
	Postcode	DA13 9JE

Name of senior statutory auditor

Name of auditors/accountants		Vaughan and Associates

Type of firm (eg Chartered Accountants)		Chartered Accountants and Chartered Tax Advisers

Address of auditors/accountants
	Address line 1	10 Willow Walk
	Address line 2	Starts Hill Road
	City or town	Orpington
	County or region	Kent
	Postcode	BR6 6HA

Prior year adjustments (+ for a gain; - for a loss)		£
	Correction of prior year errors
	Effect of retrospective changes in accounting policies
	Effect of retrospective changes in accounting policies
	More info on prior year adjustments

Number					Number
Average number of persons employed by the company				1		1

Freehold land & buildings if
revalued amounts shown in trial balance:				£	£
	historical cost
	cumulative depreciation based on cost

Historical cost of fixed asset investments				£	£
	Investments in subsidiaries
	Other investments

£					£
Amounts due after more than one year included in debtors

Amounts included in creditors falling due for payment
after more than five years:				£	£
Payable otherwise than by installment
Payable by installment

£					£
Secured bank loans included in creditors

Capital commitments:				£	£
	contracted

Total future payments due under non-cancellable				£	£
operating leases

Registered number

11273945

Pencilbox Property Limited

Filleted Accounts

31 March 2026

Pencilbox Property Limited
Registered number:		11273945
Balance Sheet
as at 31 March 2026

Notes			2026			2025
£				£
Fixed assets
Investments	3		20,021			10,021

Current assets
Cash at bank and in hand		2,703			1,729

Creditors: amounts falling due within one year	4	(60,077)			(49,536)

Net current liabilities			(57,374)			(47,807)

Net liabilities			(37,353)			(37,786)

Capital and reserves
Called up share capital			100			100
Profit and loss account			(37,453)			(37,886)

Shareholder's funds			(37,353)			(37,786)

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




K Leeming
Director
Approved by the board on 20 May 2026

Pencilbox Property Limited
Notes to the Accounts
for the year ended 31 March 2026


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Plant and machinery	over 5 years
	Fixtures, fittings, tools and equipment	33% straight line

	Investments
	Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

	Crypto Assets
	Crypto assets are initially recognised at cost, being the fair value of the consideration provided. Subsequently, crypto assets are measured at cost less impairment. Where there are indicators of impairment, the carrying value is reviewed and written down to the estimated recoverable amount where necessary. Realised gains and losses arising on disposal are recognised within the profit and loss account at the point of disposal.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.


2	Employees		2026		2025
Number				Number

	Average number of persons employed by the company		1		1


3	Investments

Other
investments
£
	Cost
	At 1 April 2025				10,021
	Additions				10,000

	At 31 March 2026				20,021


4	Creditors: amounts falling due within one year		2026		2025
£				£

	Director's account		59,075		48,576
	Other creditors		1,002		960
			60,077		49,536


5	Other information

	Pencilbox Property Limited is a private company limited by shares and incorporated in England. Its registered office is:
	15 Istead Rise
	Gravesend
	Kent
	DA13 9JE