Penrose Real Estate Ltd

Penrose Real Estate Ltd
Statement of Financial Position
As at 31 March 2026

	Notes	2026 £	2025 £
Fixed assets
Tangible fixed assets	3	996,745	995,918
		996,745	995,918
Current assets
Debtors	4	785	882
Cash at bank and in hand		7,827	8,790
		8,612	9,672
Creditors: amount falling due within one year	5	(265,604)	(397,262)
Net current assets		(256,992)	(387,590)

Total assets less current liabilities		739,753	608,328
Creditors: amount falling due after more than one year	6	(736,023)	(635,356)
Net assets		3,730	(27,028)

Capital and reserves
Called up share capital		1	1
Fair Value Reserves	7	(28,754)	(28,931)
Profit and loss account		32,483	1,902
Shareholders' funds		3,730	(27,028)

For the year ended 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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.
The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

These 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 income statement has not been delivered to the Registrar of Companies.

The financial statements were approved by the director on 04 August 2026 and were signed by:

-------------------------------
Mr C S Buckley
Director

Penrose Real Estate Ltd
Notes to the Financial Statements
For the year ended 31 March 2026

General Information

Penrose Real Estate Ltd is a private company, limited by shares, registered in England and Wales, registration number 14739805, registration address 6 Fusion Court, Aberford Road, Leeds, West Yorkshire, LS25 2GH.

The presentation currency is £ sterling.

Accounting policies

Significant accounting policies

The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Taxation

Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted

Deferred taxation

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using 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.
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.
Current and deferred tax assets and liabilities are not discounted.

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Plant and machinery etc

0% RB

Investment properties

Investment properties are properties held to earn rentals and/or for capital appreciation.
Investment properties should be recognised initially at cost and subsequently investment properties are measured at fair value. Gains and losses arising from changes in the fair value of investment properties are included in profit or loss in the period in which they arise.

Provisions

Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.

2.	Average number of employees Average number of employees during the year was 0 (2025 : 0).

Tangible fixed assets

Cost or valuation	Investment properties	Plant and machinery etc	Total
	£	£	£
At 01 April 2025	911,186	84,731	995,917
Additions	-	651	651
Disposals	-	-	-
Revaluations	177	-	177
At 31 March 2026	911,363	85,382	996,745
Depreciation
At 01 April 2025	-	-	-
Charge for year	-	-	-
On disposals	-	-	-
At 31 March 2026	-	-	-
Net book values
Closing balance as at 31 March 2026	911,363	85,382	996,745
Opening balance as at 01 April 2025	911,187	84,731	995,918

Debtors: amounts falling due within one year

	2026 £		2025 £
Other Debtors	785		882
	785		882

Creditors: amount falling due within one year

	2026 £	2025 £
Trade Creditors	0	9,052
Taxation and Social Security	9,525	164
Other Creditors	256,079	388,046
	265,604	397,262

Creditors: amount falling due after more than one year

	2026 £		2025 £
Bank Loans & Overdrafts	736,023		635,356
	736,023		635,356

Fair Value Reserves

	2026 £	2025 £
Fair Value Reserve b/fwd	(28,931)	(1,131)
Fair Value Reserve	177	(27,800)
	(28,754)	(28,931)

Registered Number: 14739805
England and Wales
PENROSE REAL ESTATE LTD

Unaudited Financial Statements

Period of accounts Start date: 01 April 2025 End date: 31 March 2026