REGISTERED NUMBER: 03112270 (England and Wales)

The Penpot Quill and Red Ship Trading

Company Limited

Unaudited Financial Statements

for the Year Ended 31 January 2026

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr P H Fowler

SECRETARY:

D Crewsdon

REGISTERED OFFICE:

Pennant House

Field Street

Llangefni

Gwynedd

LL77 7EH

REGISTERED NUMBER:

03112270 (England and Wales)

FIXED ASSETS

Intangible assets

4

48

49

Investments

5

41,535

39,438

41,583

39,487

CURRENT ASSETS

Debtors

6

2,512

2,483

Cash at bank

385

347

2,897

2,830

CREDITORS

Amounts falling due within one year

7

3,537

2,581

NET CURRENT (LIABILITIES)/ASSETS

(640

)

249

TOTAL ASSETS LESS CURRENT LIABILITIES

40,943

39,736

CREDITORS

Amounts falling due after more than one year

8

-

(1,822

)

PROVISIONS FOR LIABILITIES

(1,047

)

(2,782

)

NET ASSETS

39,896

35,132

CAPITAL AND RESERVES

Called up share capital

10,000

10,000

Revaluation Reserve

9

5,472

4,502

Retained earnings

9

24,424

20,630

39,896

35,132

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.

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 29 October 2026 and were signed by:

Mr P H Fowler - Director

1.	STATUTORY INFORMATION

The Penpot Quill and Red Ship Trading Company 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 as modified by the revaluation of certain assets.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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.

Formation expenses are being amortised evenly over their estimated useful life of nil years.

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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2025 - 1 ).

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 February 2025

and 31 January 2026

78

AMORTISATION

At 1 February 2025

29

Charge for year

1

At 31 January 2026

30

NET BOOK VALUE

At 31 January 2026

48

At 31 January 2025

49

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST OR VALUATION

At 1 February 2025

39,438

Additions

4,848

Disposals

(3,721

)

Revaluations

970

At 31 January 2026

41,535

NET BOOK VALUE

At 31 January 2026

41,535

At 31 January 2025

39,438

Cost or valuation at 31 January 2026 is represented by:

Other

investments

£

Valuation in 2025

39,438

Valuation in 2026

2,097

41,535

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

(1

)

212

Other debtors

2,513

2,271

2,512

2,483

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade creditors

2,027

2,515

Tax

257

-

Other creditors

-

66

Directors' loan accounts

1,253

-

3,537

2,581

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Director's loan

-

1,822

9.

RESERVES

Retained

Revaluation

earnings

Reserve

Totals

£

£

£

At 1 February 2025

20,630

4,502

25,132

Profit for the year

5,614

5,614

Dividends

(850

)

(850

)

Transfer

(970

)

970

-

At 31 January 2026

24,424

5,472

29,896

10.	RELATED PARTY DISCLOSURES

1.

The company made a dividend to shareholders during the year. The amount paid to related parties was:

FOWLER AND HARE [ANGLESEY] LIMITED £212.50

FOWLER AND HARE [PORTHMADOG] LIMITED £272

HOLIDAYS IN WALES LIMITED £178.50

KILLERBY LEASE LIMITED £34

SOUTHWARK RESIDENTIAL LIMITED £25.50

PETER HAMILTON FOWLER £102

2. PETER HAMILTON FOWLER PURCHASED 2106 SHARES FOR £568.62 DURING THE YEAR IN

DUKE CAPITAL PLC FOR £568.62. THIS WAS PAID FOR BY REDUCING HIS DIRECTOR'S LOAN ACCOUNT WITH THE COMPANY. THIS STOOD AT £1253 AT THE YEAR END. THIS LOAN WAS INTEREST FREE AND UNSECURED.

3.THE COMPANY USED THE SERVICES OF FOWLER AND HARE\PORTHMADOG\ LIMITED FOR BOOK KEEPING IN THE YEAR. THE COST WAS £150 AND THE AMOUNT OWING AT THE YEAR END WAS £2015.

11.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr P H Fowler.