REGISTERED NUMBER: 11459395 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2026

FOR

PENRICE & HALES DEVELOPMENTS LIMITED

Page

Company information

1

Balance sheet

2

Notes to the financial statements

4

Report of the accountants

6

Directors:

T M Hales

M S Penrice

Secretary:

Registered office:

Wrens

Manor Road

Maidenhead

Berkshire

SL6 2QG

Registered number:

11459395 (England and Wales)

Accountants:

S S KHEHAR ACCOUNTANCY SERVICES LIMITED

Wrens

Manor Road

Maidenhead

Berkshire

SL6 2QG

Current assets

Stocks

12,949,746

12,964,746

Cash at bank

50,106

23,668

12,999,852

12,988,414

Creditors

Amounts falling due within one year

4

620,106

553,914

Net current assets

12,379,746

12,434,500

Total assets less current liabilities

12,379,746

12,434,500

Creditors

Amounts falling due after more than one year

5

7,568,938

7,642,938

Net assets

4,810,808

4,791,562

Capital and reserves

Called up share capital

4,671,639

4,671,639

Retained earnings

6

139,169

119,923

Shareholders' funds

4,810,808

4,791,562

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2026 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Income statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 October 2026 and were signed on its behalf by:

M S Penrice - Director

T M Hales - Director

1.	Statutory information

PENRICE & HALES DEVELOPMENTS LIMITED is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	Accounting policies

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	Employees and directors

The average number of employees during the year was 2 (2025 - 2 ) .

4.

Creditors: amounts falling due within one year

2026

2025

£

£

Taxation and social security

4,749

702

Other creditors

615,357

553,212

620,106

553,914

5.

Creditors: amounts falling due after more than one year

2026

2025

£

£

Bank loans

7,568,938

7,642,938

6.

Reserves

Retained

earnings

£

At 1 August 2025

119,923

Profit for the year

20,246

Dividends

(1,000

)

At 31 July 2026

139,169

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance sheet. Readers are cautioned that the Income statement and certain other primary statements and the Report of the directors are not required to be filed with the Registrar of Companies.

As described on the Balance sheet you are responsible for the preparation of the financial statements for the year ended 31 July 2026 set out on page nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

S S KHEHAR ACCOUNTANCY SERVICES LIMITED

Wrens

Manor Road

Maidenhead

Berkshire

SL6 2QG

23 October 2026