Penn Investments Limited - Filleted accounts

Registered number

11737005

Penn Investments Limited

Filleted Accounts

31 December 2025

Penn Investments Limited
Registered number:		11737005
Balance Sheet
as at 31 December 2025

Notes			2025			2024
£				£
Current assets
Debtors	3	380,220			390,748
Cash at bank and in hand		72			204
		380,292			390,952

Creditors: amounts falling due within one year	4	(385,837)			(383,230)

Net current (liabilities)/assets			(5,545)			7,722

Total assets less current liabilities			(5,545)			7,722

Creditors: amounts falling due after more than one year	5		(18,569)			(23,378)


Net liabilities			(24,114)			(15,656)

Capital and reserves
Called up share capital			2			2
Profit and loss account			(24,116)			(15,658)

Shareholders' funds			(24,114)			(15,656)

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Sunder Kripalani
Director
Approved by the board on 15 September 2026

Penn Investments Limited
Notes to the Accounts
for the year ended 31 December 2025


1	Accounting policies

	Basis of preparation
	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
	Income is measured at the fair value of the consideration received or receivable. Turnover includes revenue earned from buying and selling of own real estate, funding projects, property developments and obtaining planning permissions for the third party.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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 reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.


2	Employees	2025		2024
Number			Number

	Average number of persons employed by the company	0		0


3	Debtors	2025		2024
£			£

	Other debtors	380,220		390,748


4	Creditors: amounts falling due within one year	2025		2024
£			£

	Bank loans and overdrafts	5,300		5,293
	Other creditors	380,537		377,937
		385,837		383,230


5	Creditors: amounts falling due after one year	2025		2024
£			£

	Bank loans	18,569		23,378


6	Transactions with directors

	At the year end the company owed the directors £198,798 [2024 - £238,098]


7	Related party transactions	2025		2024
£			£
	Gated Developments Ltd
	The company is related to Gated Developments Ltd by virtue of common directorship. The balance outstanding at the year end includes interest and repayable on demand. The amount due to and from these related parties at the year end were as follows:

	The amount due (to) / from Gated Developments Ltd.	155,147		155,147

	Leeds2 Properties Limited
	The company is related to Leeds2 Properties Limited by virtue of common control. The balance outstanding at the year end is interest free. The amount due to and from these related parties at the year end were as follows:

	The amount due (to) / from Leeds2 Properties Limited.	(107,398)		(106,798)

	Adelaide House Developments Limited
	The company is related to Adelaide House Developments Limited by virtue of common control. The balance outstanding at the year end is interest free. The amount due to and from these related parties at the year end were as follows:

	The amount due (to) / from Adelaide House Developments Limited.	(62,955)		(20,355)

	24 Church Street Developments Limited
	The company is related to 24 Church Street Developments Limited by virtue of common control. The balance outstanding at the year end includes interest and repayable on demand. The amount due to and from these related parties at the year end were as follows:

	The amount due (to) / from 24 Church Street Developments Limited	175,159		175,159

	21 Vicar Street Developments Limited
	The company is related to 21 Vicar Street Developments Limited by virtue of common control. The balance outstanding at the year end is interest free. The amount due to and from these related parties at the year end were as follows:

	The amount due (to) / from 21 Vicar Street Developments Limited.	-		5,490

	Lemon Properties Limited
	The company is related to Lemon Properties Limited by virtue of common control. The balance outstanding at the year end is interest free. The amount due to and from these related parties at the year end were as follows:

	The amount due (to) / from Lemon Properties Limited.	(10,760)		(10,260)

	Fairway Motel Developments Limited
	The company is related to Fairway Motel Developments Limited by virtue of common control. The balance outstanding at the year end includes interest and repayable on demand. The amount due to and from these related parties at the year end were as follows:

	The amount due (to) / from Fairway Motel Developments Limited	36,153		38,453


	New Look Properties Limited

	The company is related to Lemon Properties Limited by virtue of common control. The balance outstanding at the year end is interest free. The amount due to and from these related parties at the year end were as follows:

	The amount due (to) / from New Look Properties Limited	-		(300)

8	Controlling party

	The company is controlled jointly by Mr Sunder Kripalani and Mrs Sarita Kripalani by virtue of their 100% shareholding in the issued share capital of the company.


9	Other information

	Penn Investments Limited is a private company limited by shares and incorporated in England. Its registered office is:
	Suite-11, Boundary House
	Boston Road
	London
	England
	W7 2QE