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Company registration number: 12314100
PENLOW FINANCE LIMITED
30 November 2025
HEYWOODS
Accountants and Business Advisors
Countrywide House
Knights Way
Shrewsbury
Shropshire
SY1 3AB
PENLOW FINANCE LIMITED
Contents
Directors and other information
Accountants report
Statement of financial position
Statement of changes in equity
Notes to the financial statements
PENLOW FINANCE LIMITED
DIRECTORS AND OTHER INFORMATION

| Directors | Mr B C Snape
|  | Mrs S Snape
| Company number | 12314100
| Registered office | Countrywide House
|  | Knights Way
|  | Shrewsbury
|  | Shropshire
|  | SY1 3AB
| Accountants | Heywoods
|  | Countrywide House
|  | Knights Way
|  | Shrewsbury
|  | Shropshire
|  | SY1 3AB

PENLOW FINANCE LIMITED
CHARTERED ACCOUNTANTS REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE
UNAUDITED STATUTORY FINANCIAL STATEMENTS OF PENLOW FINANCE LIMITED
YEAR ENDED 30TH NOVEMBER 2025
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Penlow Finance Limited for the year ended 30 November 2025 which comprise the statement of financial position, statement of changes in equity and 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 at http://www.icaew.com /en/members/regulations-standards-and-guidance/.
This report is made solely to the board of directors of Penlow Finance Limited, as a body, in accordance with the terms of our engagement letter dated 9 January 2024. Our work has been undertaken solely to prepare for your approval the financial statements of Penlow Finance Limited and state those matters that we have agreed to state to the board of directors of Penlow Finance Limited as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Penlow Finance Limited and its board of directors as a body for our work or for this report.
It is your duty to ensure that Penlow Finance 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 Penlow Finance Limited. You consider that Penlow Finance 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 Penlow Finance 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.
Heywoods
Accountants and Business Advisors
Countrywide House
Knights Way
Shrewsbury
Shropshire
SY1 3AB
29 May 2026
PENLOW FINANCE LIMITED
STATEMENT OF FINANCIAL POSITION
30TH NOVEMBER 2025

|  |  | 2025 |  |  |  | 2024 |  |
|  | Note | £ |  | £ |  | £ |  | £
Current assets |  |  |  |  |  |  |  |  |
Debtors |  | 4 | 2,626,184 |  |  |  | 2,715,633 |  |
Cash at bank and in hand |  |  | 207,215 |  |  |  | - |  |
|  |  | _______ |  |  |  | _______ |  |
|  |  | 2,833,399 |  |  |  | 2,715,633 |  |
Creditors: amounts falling due |  |  |  |  |  |  |  |  |
within one year |  | 5 | ( 2,309) |  |  |  | ( 1,234) |  |
|  |  | _______ |  |  |  | _______ |  |
Net current assets |  |  |  |  | 2,831,090 |  |  |  | 2,714,399
|  |  |  |  | _______ |  |  |  | _______
Total assets less current liabilities |  |  |  |  | 2,831,090 |  |  |  | 2,714,399
|  |  |  |  | _______ |  |  |  | _______
Net assets |  |  |  |  | 2,831,090 |  |  |  | 2,714,399
|  |  |  |  | _______ |  |  |  | _______
Capital and reserves |  |  |  |  |  |  |  |  |
Called up share capital |  |  |  |  | 2 |  |  |  | 2
Share premium account |  |  |  |  | 2,531,500 |  |  |  | 2,531,500
Profit and loss account |  |  |  |  | 299,588 |  |  |  | 182,897
|  |  |  |  | _______ |  |  |  | _______
Shareholders funds |  |  |  |  | 2,831,090 |  |  |  | 2,714,399
|  |  |  |  | _______ |  |  |  | _______

For the year ending 30 November 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 financial statements for the year in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 29 May 2026 , and are signed on behalf of the board by:
Mr B C Snape Mrs S Snape
Director Director
Company registration number: 12314100
PENLOW FINANCE LIMITED
STATEMENT OF CHANGES IN EQUITY
YEAR ENDED 30TH NOVEMBER 2025

|  | Called up share capital | Share premium account |  | Profit and loss account | Total |  |  |  |
|  | £ | £ |  | £ | £ |  |  |  |
At 1 December 2023 |  | 2 | 2,531,500 |  | 67,138 | 2,598,640 |  |  |  |
Profit for the year |  |  |  |  | 115,759 | 115,759 |  |  |  |
|  | _______ | _______ |  | _______ | _______ |  |  |  |
Total comprehensive income for the year |  | - | - |  | 115,759 | 115,759 |  |  |  |
|  | _______ | _______ |  | _______ | _______ |  |  |  |
At 30 November 2024 and 1 December 2024 |  | 2 | 2,531,500 |  | 182,897 | 2,714,399 |  |  |  |
Profit for the year |  |  |  |  | 116,691 | 116,691 |  |  |  |
|  | _______ | _______ |  | _______ | _______ |  |  |  |
Total comprehensive income for the year |  | - | - |  | 116,691 | 116,691 |  |  |  |
|  | _______ | _______ |  | _______ | _______ |  |  |  |
At 30 November 2025 |  | 2 | 2,531,500 |  | 299,588 | 2,831,090 |  |  |  |
|  | _______ | _______ |  | _______ | _______ |  |  |  |

PENLOW FINANCE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 30TH NOVEMBER 2025
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Countrywide House, Knights Way, Shrewsbury, Shropshire, SY1 3AB.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Consolidation
The company has taken advantage of the exemption from preparing consolidated financial statements contained in Section 400 of the Companies Act 2006 on the basis that it is a subsidiary undertaking and its immediate parent undertaking is established under the law of any part of the United Kingdom.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction.
4. Debtors

|  |  | 2025 | 2024
|  |  | £ | £
| Amounts owed by group undertakings and undertakings in which the company has a participating interest |  | 2,626,184 | 2,715,633
|  |  | _______ | _______

5. Creditors: amounts falling due within one year

|  |  | 2025 | 2024
|  |  | £ | £
| Amounts owed to group undertakings and undertakings in which the company has a participating interest |  | 1,075 | -
| Other creditors |  | 1,234 | 1,234
|  |  | _______ | _______
|  |  | 2,309 | 1,234
|  |  | _______ | _______