Company Registration No. 14318364 (England and Wales)
Penarth Property Developments Ltd
Unaudited accounts
for the year ended 31 August 2025
Penarth Property Developments Ltd
Unaudited accounts
Contents
Penarth Property Developments Ltd
Company Information
for the year ended 31 August 2025
Director
Lee Anthony Dooley-Fettah
Company Number
14318364 (England and Wales)
Registered Office
C/O Cardiff Trade Sales Ltd
Swan Garage
Penarth Road
Cardiff
CF11 8TW
Penarth Property Developments Ltd
Statement of financial position
as at 31 August 2025
Tangible assets
788,121
788,121
Cash at bank and in hand
11,635
13,681
Creditors: amounts falling due within one year
(45,500)
(81,808)
Net current liabilities
(31,515)
(65,777)
Total assets less current liabilities
756,606
722,344
Creditors: amounts falling due after more than one year
(682,675)
(678,390)
Called up share capital
2
2
Profit and loss account
73,929
43,952
Shareholders' funds
73,931
43,954
For the year ending 31 August 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 20 April 2026 and were signed on its behalf by
Lee Anthony Dooley-Fettah
Director
Company Registration No. 14318364
Penarth Property Developments Ltd
Notes to the Accounts
for the year ended 31 August 2025
Penarth Property Developments Ltd is a private company, limited by shares, registered in England and Wales, registration number 14318364. The registered office is C/O Cardiff Trade Sales Ltd, Swan Garage, Penarth Road, Cardiff, CF11 8TW.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Land & buildings
At 1 September 2024
788,121
Amounts falling due within one year
Penarth Property Developments Ltd
Notes to the Accounts
for the year ended 31 August 2025
6
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
24,356
43,102
Taxes and social security
-
6,870
Loans from directors
19,730
29,731
7
Creditors: amounts falling due after more than one year
2025
2024
Bank loans
347,051
351,406
Amounts owed to group undertakings and other participating interests
327,367
326,984
Taxes and social security
8,257
-
8
Average number of employees
During the year the average number of employees was 1 (2024: 1).