Registration number: 04594239

Pennine Properties Limited

Contents

Company Information	1
Balance Sheet	2
Notes to the Financial Statements	3 to 6

Pennine Properties Limited

Company Information

Directors

Mrs R Roberts Mr G Roberts

Company secretary

Mrs R Roberts

Registered office

Leavesden Park Suite 13 5 Hercules Way Watford Hertfordshire United Kingdom WD25 7GS

Accountants

Landmark Accountants Limited Leavesden Park 5 Hercules Way Watford Hertfordshire WD25 7GS

Pennine Properties Limited

(Registration number: 04594239)
Balance Sheet as at 31 October 2025

	Note	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	4		48		96
Investment property	5		2,509,693		2,536,193
			2,509,741		2,536,289
Current assets
Debtors	6	3,547		4,079
Cash at bank and in hand		754,297		739,143
		757,844		743,222
Creditors: Amounts falling due within one year	7	(19,581)		(9,392)
Net current assets			738,263		733,830
Total assets less current liabilities			3,248,004		3,270,119
Provisions for liabilities			(358,555)		(365,180)
Net assets			2,889,449		2,904,939
Capital and reserves
Called up share capital		1,011		1,011
Other reserves		1,547,892		1,547,892
Retained earnings		1,340,546		1,356,036
Shareholders' funds			2,889,449		2,904,939

For the financial year ending 31 October 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 applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 28 July 2026 and signed on its behalf by:
 

......................................... Mr G Roberts Director

Pennine Properties Limited

Notes to the Financial Statements for the Year Ended 31 October 2025

1	General information

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

The address of its registered office is:
Leavesden Park
Suite 13
5 Hercules Way
Watford
Hertfordshire
WD25 7GS
United Kingdom

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 smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

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.

The presentational currency of these accounts is £ Sterling and the level of rounding is to the nearest £1.

Revenue recognition

Revenue comprises rents receivable from tenants under operating leases and are recognised on a straight line basis over the term of the lease.

Tax

The tax expense for the period comprises deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Pennine Properties Limited

Notes to the Financial Statements for the Year Ended 31 October 2025

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Plant and machinery	25% Straight line method

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Pennine Properties Limited

Notes to the Financial Statements for the Year Ended 31 October 2025

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Financial instruments

Classification
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments.
 Recognition and measurement
Basic financial instruments are recognised at amortised cost.
 

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2024 - 2).

Pennine Properties Limited

Notes to the Financial Statements for the Year Ended 31 October 2025

4	Tangible assets

	Plant and machinery £	Total £
Cost or valuation
At 1 November 2024	3,834	3,834
At 31 October 2025	3,834	3,834
Depreciation
At 1 November 2024	3,738	3,738
Charge for the year	48	48
At 31 October 2025	3,786	3,786
Carrying amount
At 31 October 2025	48	48
At 31 October 2024	96	96

5	Investment properties

	2025 £
At 1 November 2024	2,536,193
Fair value adjustments	(26,500)
At 31 October 2025	2,509,693

There has been no valuation of investment property by an independent valuer.

6

Debtors

	2025 £	2024 £
Prepayments	3,547	4,079
	3,547	4,079

7

Creditors

	2025 £	2024 £
Due within one year
Trade creditors	1,496	800
Other creditors	18,085	8,592
	19,581	9,392