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Penvale Management Company Limited
Annual Report and Unaudited Financial Statements
Year Ended 31 December 2025

Registration number: 01376023

Penvale Management Company Limited

Contents

Balance Sheet | 1 to 2
Notes to the Unaudited Financial Statements | 3 to 4

Penvale Management Company Limited

Balance Sheet

31 December 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 4 | 1 | 1
Current assets |  |  |
Debtors | 5 | 14 | 14
Net assets |  | 15 | 15
Capital and reserves |  |  |
Called up share capital | 6 | 15 | 15
Shareholders' funds |  | 15 | 15

Penvale Management Company Limited

Balance Sheet

31 December 2025

For the financial year ending 31 December 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 relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 5 July 2026 and signed on its behalf by:

......................................... Mrs P E Cox Director

Company Registration Number: 01376023

Penvale Management Company Limited

Notes to the Unaudited Financial Statements

Year Ended 31 December 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:
71 Athelstan Park
Bodmin
Cornwall
PL31 1DT

These financial statements were authorised for issue by the Board on 5 July 2026.

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 - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

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.

Going concern

Revenue recognition

Prior to 1 January 2021, turnover comprised service charges and other amounts receivable in relation to the management of the common areas of Penvale Court, Falmouth.
Since 1 January 2021, all service charge income and related expenditure has been accounted for through a separate service charge statement such that the company has no revenue reportable in these accounts.

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
Land and buildings | nil

Penvale Management Company Limited

Notes to the Unaudited Financial Statements

Year Ended 31 December 2025

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2024 - 0).

4 | Tangible assets

| Land and buildings £ | Total £
Cost or valuation
At 1 January 2025 | 1 | 1
At 31 December 2025 | 1 | 1
Depreciation
At 1 January 2025 | - | -
At 31 December 2025 | - | -
Carrying amount
At 31 December 2025 | 1 | 1
At 31 December 2024 | 1 | 1

Included within the net book value of land and buildings above is £1 (2024 - £1) in respect of freehold land and buildings.

5 | Debtors

| 2025 £ | 2024 £
Other debtors | 14 | 14
| 14 | 14

6 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
Ordinary shares of £1 each | 15 | 15 | 15 | 15