REGISTERED NUMBER: 03673425 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 July 2025

for

Penguin UK Limited

Page

Balance Sheet

1

Notes to the Financial Statements

3

Fixed assets

Tangible assets

4

15,407

17,648

Current assets

Debtors

5

15,983

26,399

Cash at bank

2

2

15,985

26,401

Creditors

Amounts falling due within one year

6

40,801

60,423

Net current liabilities

(24,816

)

(34,022

)

Total assets less current liabilities

(9,409

)

(16,374

)

Creditors

Amounts falling due after more than one year

7

1,354

6,971

Net liabilities

(10,763

)

(23,345

)

Capital and reserves

Called up share capital

9

100

100

Retained earnings

10

(10,863

)

(23,445

)

Shareholders' funds

(10,763

)

(23,345

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Profit and loss account has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 July 2026 and were signed by:

Mrs N J Billany - Director

1.	Statutory information

Penguin UK Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

03673425

Registered office:

28 Newland Park

Hull

East Yorkshire

HU5 2DW

2.	Accounting policies

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention modified to include certain items at fair value.The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Tangible fixed assets

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:

Improvements to leasehold property

Straight line over 10 years

Fixtures and fittings

Straight line over 3 or 10 years

Motor vehicles

Straight line over 4 years

Debtors and creditors receivable / payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses .

Loans and borrowings

Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.

Impairment

Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

Provisions

Provisions are recognised when the charity has an obligation at the balance sheet date as a result of a past event, it is probable that an outflow of economic benefits will be required in settlement and the amount can be reliably estimated.

Leases

Rentals payable and receivable under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.

Taxation

Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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 balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset.

Turnover and other income

Turnover is measured at the fair value of the consideration received or receivable net of VAT and trade discounts. The policies adopted for the recognition of turnover are as follows:

Nursery fees

Turnover from nursery fees is recognised at the point at which the session is provided.

Interest and dividends receivable

Interest income is recognised using the effective interest method.

Government grants

Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the company will comply with conditions attaching to them and the grants will be received using the performance/accrual model.

Employee benefits

When employees have rendered service to the company, short-term employee benefits to which the employees are entitled are recognised at the undiscounted amount expected to be paid in exchange for that service.

The company contributes to a defined contribution workplace pension plan for the benefit of its employees. Contributions are charged to the statement of financial activities in the period to which they relate.

3.	Employees and directors

The average number of employees during the year was 27 (2024 - 25 ) .

4.	Tangible fixed assets

Improvements

to

Fixtures

leasehold

and

property

fittings

Totals

£

£

£

Cost

At 1 August 2024

6,600

31,501

38,101

Additions

-

1,680

1,680

At 31 July 2025

6,600

33,181

39,781

Depreciation

At 1 August 2024

4,620

15,833

20,453

Charge for year

660

3,261

3,921

At 31 July 2025

5,280

19,094

24,374

Net book value

At 31 July 2025

1,320

14,087

15,407

At 31 July 2024

1,980

15,668

17,648

5.

Debtors: amounts falling due within one year

2025

2024

£

£

Fee debtors

10,534

14,433

Other debtors

3,196

175

Directors' current accounts

2,253

11,791

15,983

26,399

6.

Creditors: amounts falling due within one year

2025

2024

£

£

Bank loans and overdrafts

4,893

15,487

Covid support loan due within 1 year

5,147

5,147

Trade creditors

7,260

10,159

Tax

760

-

Social security and other taxes

2,047

4,864

Other creditors

5,954

9,967

Deferred income

11,530

9,688

Accrued expenses

3,210

5,111

40,801

60,423

7.

Creditors: amounts falling due after more than one year

2025

2024

£

£

Covid support loan due after 1 year

1,354

6,971

8.	Leasing agreements

Minimum lease payments under non-cancellable operating leases fall due as follows:

2025

2024

£

£

Within one year

4,468

4,446

Between one and five years

17,898

-

22,366

4,446

9.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

100

Ordinary

£1

100

100

10.

Reserves

Retained

earnings

£

At 1 August 2024

(23,445

)

Profit for the year

12,582

At 31 July 2025

(10,863

)

11.	Director's advances, credits and guarantees

The following advances and credits to a director subsisted during the years ended 31 July 2025 and 31 July 2024:

2025

2024

£

£

Mrs N J Billany

Balance outstanding at start of year

(11,791

)

(14,778

)

Amounts advanced

(2,600

)

(25,940

)

Amounts repaid

12,138

28,927

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(2,253

)

(11,791

)

The outstanding balance on the director's account has not been cleared before 30 April 2026.

12.	Related party disclosures

The company pays rent to a company controlled by close family members of the director for the premises from which the company trades. Rent of £10,200 (2024 £10,200) was paid during the year.

13.	Controlling interest

The company is controlled by the director, Mrs N J Billany and her mother, Mrs C J Bushby, who each hold 50% of the share capital.

14.	Going concern

The balance sheet shows net deficiency of assets of £10,765 at 31 July 2025 (2024: a deficiency of £23,345). Net current liabilities at 31 July 2025 were £24,818. After income received in advance for August 2025 of £11,530 is taken into account, the company had net current liabilities of £13,288 at the start of August 2025.

The director considers that future net revenues will be adequate to enable the company to continue as a going concern..