Company Registration No. 09791378 (England and Wales)
Povey Penfold & Naylor Limited
Unaudited accounts
for the period from 1 October 2025 to 31 March 2026
Povey Penfold & Naylor Limited
Unaudited accounts
Contents
Povey Penfold & Naylor Limited
Company Information
for the period from 1 October 2025 to 31 March 2026
Company Number
09791378 (England and Wales)
Registered Office
Newnham & Son Ltd
39 College Street
Petersfield
Hampshire
GU31 4AG
England
Accountants
Newnham & Son Ltd
School Master's House
39 College Street
Petersfield
Hampshire
GU31 4AG
Povey Penfold & Naylor Limited
Statement of financial position
as at 31 March 2026
Investment property
1,150,000
1,150,000
Cash at bank and in hand
19,550
2,795
Creditors: amounts falling due within one year
(579,986)
(594,712)
Net current liabilities
(559,035)
(591,530)
Total assets less current liabilities
591,358
558,994
Provisions for liabilities
Deferred tax
(31,827)
(31,852)
Net assets
559,531
527,142
Called up share capital
1
1
Profit and loss account
559,530
527,141
Shareholders' funds
559,531
527,142
For the period ending 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 17 July 2026 and were signed on its behalf by
Elizabeth Hughes
Director
Company Registration No. 09791378
Povey Penfold & Naylor Limited
Notes to the Accounts
for the period from 1 October 2025 to 31 March 2026
Povey Penfold & Naylor Limited is a private company, limited by shares, registered in England and Wales, registration number 09791378. The registered office is Newnham & Son Ltd, 39 College Street, Petersfield, Hampshire, GU31 4AG, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% Reducing Balance
Computer equipment
25% Reducing Balance
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Povey Penfold & Naylor Limited
Notes to the Accounts
for the period from 1 October 2025 to 31 March 2026
4
Tangible fixed assets
Plant & machinery
Fair value at 1 October 2025
1,150,000
At 31 March 2026
1,150,000
Amounts falling due within one year
7
Creditors: amounts falling due within one year
2026
2025
Taxes and social security
18,537
9,313
Loans from directors
559,949
580,949
8
Average number of employees
During the period the average number of employees was 1 (2025: 1).