Penlow Investments (Wolverhampton) Limited 30/11/2025 iXBRL

Company registration number: 01016524

PENLOW INVESTMENTS (WOLVERHAMPTON) LIMITED

30 November 2025

HEYWOODS

Accountants and Business Advisors

Countrywide House

Knights Way

Shrewsbury

Shropshire

SY1 3AB

PENLOW INVESTMENTS (WOLVERHAMPTON) LIMITED

Contents

Directors and other information

Accountants report

Statement of financial position

Statement of changes in equity

Notes to the financial statements

PENLOW INVESTMENTS (WOLVERHAMPTON) LIMITED

DIRECTORS AND OTHER INFORMATION


	Directors	Mr B C Snape
		Mrs S Snape
		Mr S C H Snape
		Dr S L Snape


	Company number	01016524


	Registered office	Countrywide House
		Knights Way
		Shrewsbury
		Shropshire
		SY1 3AB


	Accountants	Heywoods
		Countrywide House
		Knights Way
		Shrewsbury
		Shropshire
		SY1 3AB




	Bankers	Barclays Bank Plc
		P O Box 5
		Queens Square
		Wolverhampton
		WV1 1DS

PENLOW INVESTMENTS (WOLVERHAMPTON) LIMITED

CHARTERED ACCOUNTANTS REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE

UNAUDITED STATUTORY FINANCIAL STATEMENTS OF PENLOW INVESTMENTS (WOLVERHAMPTON) 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 Investments (Wolverhampton) 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 Investments (Wolverhampton) 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 Investments (Wolverhampton) Limited and state those matters that we have agreed to state to the board of directors of Penlow Investments (Wolverhampton) 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 Investments (Wolverhampton) Limited and its board of directors as a body for our work or for this report.

It is your duty to ensure that Penlow Investments (Wolverhampton) 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 Investments (Wolverhampton) Limited. You consider that Penlow Investments (Wolverhampton) 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 Investments (Wolverhampton) 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 INVESTMENTS (WOLVERHAMPTON) LIMITED

STATEMENT OF FINANCIAL POSITION

30TH NOVEMBER 2025

		2025		2024
	Note	£	£	£	£

Fixed assets
Tangible assets	5	11,989		12,786
Investments	6	2,600,966		2,600,966
		_______		_______
			2,612,955		2,613,752

Current assets
Debtors	7	1,253,950		1,269,272
Cash at bank and in hand		381		786
		_______		_______
		1,254,331		1,270,058
Creditors: amounts falling due
within one year	8	( 93,207)		( 91,650)
		_______		_______
Net current assets			1,161,124		1,178,408
			_______		_______
Total assets less current liabilities			3,774,079		3,792,160


Provisions for liabilities			184		336

			_______		_______
Net assets			3,774,263		3,792,496
			_______		_______

Capital and reserves
Called up share capital			500		500
Profit and loss account			3,773,763		3,791,996
			_______		_______
Shareholders funds			3,774,263		3,792,496
			_______		_______

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 Mr S C H Snape

Director Director

Company registration number: 01016524

PENLOW INVESTMENTS (WOLVERHAMPTON) LIMITED

STATEMENT OF CHANGES IN EQUITY

YEAR ENDED 30TH NOVEMBER 2025

	Called up share capital	Profit and loss account	Total
	£	£	£


At 1 December 2023	500	2,938,372	3,657,582

Profit/(loss) for the year		( 32,079)	( 32,079)
Other comprehensive income for the year:
Reclassification from fair value reserve to profit and loss account		910,703	910,703
Reversal of Fair Value reserve on disposal	-	-	(718,710)
	_______	_______	_______
Total comprehensive income for the year	-	878,624	159,914

Dividends paid and payable		( 25,000)	( 25,000)
	_______	_______	_______
Total investments by and distributions to owners	-	( 25,000)	( 25,000)

	_______	_______	_______
At 30 November 2024 and 1 December 2024	500	3,791,996	3,792,496

Profit/(loss) for the year		11,767	11,767
	_______	_______	_______
Total comprehensive income for the year	-	11,767	11,767

Dividends paid and payable		( 30,000)	( 30,000)
	_______	_______	_______
Total investments by and distributions to owners	-	( 30,000)	( 30,000)

	_______	_______	_______
At 30 November 2025	500	3,773,763	3,774,263
	_______	_______	_______

PENLOW INVESTMENTS (WOLVERHAMPTON) 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 option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.

Turnover

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for rental income. Rent is recognised as and when it falls due for payment.

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.

Tangible assets

Tangible assets are initially recorded at cost, and is subsequently stated at cost less any accumulated depreciation and any accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:


Freehold property	-	2%
Computer equipment	-	33 %	straight line
Fittings fixtures and equipment	-	15 %	reducing balance

Fixed asset investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses. Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 4 (2024: 4 ).

5. Tangible assets

	Freehold property	Plant and machinery	Fixtures, fittings and equipment	Total
	£	£	£	£
Cost
At 1 December 2024	38,080	891	22,081	61,052
Disposals	-	-	( 7,591)	( 7,591)
	_______	_______	_______	_______
At 30 November 2025	38,080	891	14,490	53,461
	_______	_______	_______	_______
Depreciation
At 1 December 2024	27,060	891	20,314	48,265
Charge for the year	-	-	171	171
Disposals	-	-	( 6,964)	( 6,964)
	_______	_______	_______	_______
At 30 November 2025	27,060	891	13,521	41,472
	_______	_______	_______	_______
Carrying amount
At 30 November 2025	11,020	-	969	11,989
	_______	_______	_______	_______
At 30 November 2024	11,020	-	1,767	12,787
	_______	_______	_______	_______

6. Investments

	Shares in group undertakings and participating interests	Total
	£	£
Cost
At 1 December 2024 and 30 November 2025	2,600,966	2,600,966
	_______	_______
Impairment
At 1 December 2024 and 30 November 2025	-	-
	_______	_______
Carrying amount
At 30 November 2025	2,600,966	2,600,966
	_______	_______
At 30 November 2024	2,600,966	2,600,966
	_______	_______

7. Debtors

	2025	2024
	£	£
Trade debtors	10,000	10,000
Other debtors	1,243,950	1,259,272
	_______	_______
	1,253,950	1,269,272
	_______	_______

8. Creditors: amounts falling due within one year

	2025	2024
	£	£
Amounts owed to group undertakings and undertakings in which the company has a participating interest	22,074	-
Corporation tax	10,954	8,067
Other creditors	60,179	83,583
	_______	_______
	93,207	91,650
	_______	_______

9. Directors advances, credits and guarantees

	During the year the directors entered into the following advances and credits with the company:

2025
		Balance brought forward	Advances /(credits) to the directors	Amounts repaid	Balance o/standing
		£	£	£	£
	Mr B C Snape	170,169	-	32,457	202,626
	Dr S L Snape	( 21,495)	-	21,495	-
		_______	_______	_______	_______
		148,674	-	53,952	202,626
		_______	_______	_______	_______

2024
		Balance brought forward	Advances /(credits) to the directors	Amounts repaid	Balance o/standing
		£	£	£	£
	Mr B C Snape	233,028	( 62,859)	-	170,169
	Dr S L Snape	( 32,243)	-	10,748	( 21,495)
		_______	_______	_______	_______
		200,785	( 62,859)	10,748	148,674
		_______	_______	_______	_______

Interest is payable at 2.25% per annum. The loans are repayable on demand.