REGISTERED NUMBER: 04533063 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 January 2026

for

Penn Models Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr I R Littley

REGISTERED OFFICE:

134 Moss Grove

Kingswinford

West Midlands

DY6 9ES

REGISTERED NUMBER:

04533063 (England and Wales)

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

594

490

594

490

CURRENT ASSETS

Stocks

67,442

59,225

Debtors

4,608

248

Cash at bank and in hand

11,635

16,913

83,685

76,386

CREDITORS

Amounts falling due within one year

178,074

184,228

NET CURRENT LIABILITIES

(94,389

)

(107,842

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(93,795

)

(107,352

)

CAPITAL AND RESERVES

Called up share capital

6

4

4

Retained earnings

(93,799

)

(107,356

)

SHAREHOLDERS' FUNDS

(93,795

)

(107,352

)

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

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

The director acknowledges his 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 January 2026 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 October 2026 and were signed by:

Mr I R Littley - Director

1.	STATUTORY INFORMATION

Penn Models 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.

The financial statements are prepared in Pound Sterling (£) and are rounded to the nearest pound.

The financial statements are prepared on the going concern basis based on the continued support of the director.

Turnover

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

Goodwill

The business was previously owned by the directors in partnership having been acquired by the company on 4th July 2004. The valuation was based on one years average profits after deducting a notional salary for each of the former partners. The value of goodwill was credited to the director's loan accounts.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

20% on reducing balance

Computer equipment

-

33% on cost

Stocks

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

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Basic financial assets and liabilities are initially recognised at the transaction price, including transaction costs, unless the arrangement constitutes a financing transaction, in which case they are measured at the present value of future payments discounted at a market rate of interest.

Subsequently, basic financial assets and liabilities are measured at amortised cost using the effective interest method, less any impairment losses in the case of financial assets, where applicable. Short-term debtors and creditors are measured at the transaction price less any impairment losses, where applicable, unless the arrangement constitutes a financing transaction.

Financial assets are assessed at each reporting date for objective evidence of impairment. Where such evidence exists, an impairment loss is recognised in profit or loss.

Financial assets are derecognised when the contractual rights to the cash flows expire or are settled. Financial liabilities are derecognised when the obligation is discharged, cancelled or expires.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

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 - 4 ) .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 February 2025

and 31 January 2026

90,000

AMORTISATION

At 1 February 2025

and 31 January 2026

90,000

NET BOOK VALUE

At 31 January 2026

-

At 31 January 2025

-

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 February 2025

3,255

Additions

250

At 31 January 2026

3,505

DEPRECIATION

At 1 February 2025

2,765

Charge for year

146

At 31 January 2026

2,911

NET BOOK VALUE

At 31 January 2026

594

At 31 January 2025

490

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.1.26

31.1.25

value:

£

£

4

Ordinary

£1

4

4