Pentagon Homes Ltd Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 03385044

PENTAGON HOMES LTD

FILLETED UNAUDITED FINANCIAL STATEMENTS

29 August 2024

PENTAGON HOMES LTD

STATEMENT OF FINANCIAL POSITION

29 August 2024

	2024		2023
Note	£	£	£

Fixed assets

Tangible assets	4		1,050,000	1,050,000

Current assets

Debtors	5	606,307	521,228
Cash at bank and in hand		247,223	373,368
		----------	----------
		853,530	894,596

Creditors: amounts falling due within one year	6	1,002,876		1,001,648
		-------------		-------------
Net current liabilities			149,346	107,052
			-------------	-------------
Total assets less current liabilities			900,654	942,948

Creditors: amounts falling due after more than one year	7		37,234	43,091

Provisions	60,817	84,159
	----------	----------
Net assets	802,603	815,698
	----------	----------

Capital and reserves

Called up share capital	8	100	100
Revaluation reserve		741,081	741,081
Profit and loss account		61,422	74,517
		----------	----------
Shareholders funds		802,603	815,698
		----------	----------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 29 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

PENTAGON HOMES LTD

STATEMENT OF FINANCIAL POSITION (continued)

29 August 2024

These financial statements were approved by the board of directors and authorised for issue on 19 November 2025 , and are signed on behalf of the board by:

Mr Lucas
Director

Company registration number: 03385044

PENTAGON HOMES LTD

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 29 AUGUST 2024

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 36 A West Street, Reigate, Surrey, RH2 9BX.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Operating leases

Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

4. Tangible assets

	Land and buildings
	£
Cost
At 30 August 2023 and 29 August 2024	1,050,000
	-------------
Depreciation
At 30 August 2023 and 29 August 2024	–
	-------------
Carrying amount
At 29 August 2024	1,050,000
	-------------
At 29 August 2023	1,050,000
	-------------

		Land and buildings
		£
	Valuation in 1999	330,240
	Valuation in 2002	195,000
	Valuation in 2010	250,000
	Valuation in 2013	50,000
	Cost	224,760
		-------------
		1,050,000
		-------------

5. Debtors

	2024	2023
	£	£
Other debtors	606,307	521,228
	----------	----------

6. Creditors: amounts falling due within one year

	2024	2023
	£	£
Bank loans and overdrafts	1	–
Trade creditors	1,942	–
Corporation tax	–	919
Other creditors	1,000,933	1,000,729
	-------------	-------------
	1,002,876	1,001,648
	-------------	-------------

7. Creditors: amounts falling due after more than one year

	2024	2023
	£	£
Bank loans and overdrafts	37,234	43,091
	---------	---------

8. Called up share capital

Issued, called up and fully paid

	2024		2023
	No.	£	No.	£
Ordinary shares of £ 100 each	100	10,000	100	10,000
	----	---------	----	---------