Pendower International Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 03648591 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2019

for

Pendower International Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs J Maher

P J B Maher

SECRETARY:

Mrs J Maher

REGISTERED OFFICE:

Sharps Corner

Bolter End Common

High Wycombe

Buckinghamshire

HP14 3LU

REGISTERED NUMBER:

03648591 (England and Wales)

FIXED ASSETS

Tangible assets

5

776

992

CURRENT ASSETS

Debtors

6

74,273

775

Cash at bank

13,060

255

87,333

1,030

CREDITORS

Amounts falling due within one year

7

87,104

2,288

NET CURRENT ASSETS/(LIABILITIES)

229

(1,258

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,005

(266

)

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

5

(1,266

)

1,005

(266

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2019 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors on 19 September 2019 and were signed on its behalf by:

Mrs J Maher - Director

P J B Maher - Director

1.	STATUTORY INFORMATION

Pendower International 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.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements cover the company as an individual entity, have been prepared under the

historical cost convention and are presented in Pounds Sterling (£) being the functional currency.

The financial statements have been prepared on the assumption that the company is able to carry

on business as a going concern, which the directors consider appropriate having regard to the

company's current and expected performance.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding

discounts, rebates, value added tax and other sales taxes.

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 cost

Financial instruments

Basic financial instruments are recognised at amortised cost, except for investments in

non-convertible preference and non-puttable ordinary shares which are measured at fair value, with

changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost

and thereafter at fair value with changes recognised in profit or loss.

Taxation

Taxation for the year comprises current and deferred tax, if applicable. Tax is recognised in the

Statement of Income and Retained Earnings, 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 statement of financial position date.

4.

EMPLOYEES

The average number of employees during the year was 2 (2018 - 1 ) .

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

£

COST

At 1 April 2018

and 31 March 2019

1,992

DEPRECIATION

At 1 April 2018

1,000

Charge for year

216

At 31 March 2019

1,216

NET BOOK VALUE

At 31 March 2019

776

At 31 March 2018

992

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade debtors

65,525

-

Other debtors

8,748

775

74,273

775

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Bank loans and overdrafts

4,731

-

Trade creditors

18,294

-

Taxation and social security

3,328

1,408

Other creditors

60,751

880

87,104

2,288

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the year ended 31 March 2019 and

the period ended 31 March 2018:

2019

2018

£

£

Mrs J Maher

Balance outstanding at start of year

775

1,276

Amounts advanced

11,198

3,416

Amounts repaid

(3,273

)

(3,917

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

8,700

775

The advance is unsecured, repayable on demand and interest free.