PENNY LANCASTER LTD - Filleted accounts

PENNY LANCASTER LTD - Filleted accounts

PENNY LANCASTER LTD - Company Information

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Registered number
04881596
PENNY LANCASTER LTD
Filleted Accounts
31 August 2022
PENNY LANCASTER LTD
Registered number: 04881596
Balance Sheet
as at 31 August 2022
Notes 2022 2021
£ £
Fixed assets
Tangible assets 4 600,686 600,686
Current assets
Debtors 5 15,000 -
Cash at bank and in hand 650,543 634,726
665,543 634,726
Creditors: amounts falling due within one year 6 (258,722) (219,339)
Net current assets 406,821 415,387
Net assets 1,007,507 1,016,073
Capital and reserves
Called up share capital 100 100
Profit and loss account 1,007,407 1,015,973
Shareholder's funds 1,007,507 1,016,073
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
P Lancaster-Stewart
Director
Approved by the board on 24 January 2023
PENNY LANCASTER LTD
Notes to the Accounts
for the year ended 31 August 2022
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover represents the amount derived from the provision of services which fall within the Company's oridinary activities, stated net of Value Added Tax.
Deffered Taxation
Deffered taxation is provided on the liability method in respect of the taxation effect of all timing differences to the extent that tax liabilities are likely to crystallise in the foreseeable future.
2 Employees 2022 2021
Number Number
Average number of persons employed by the company 1 1
3 Taxation 2022 2021
£ £
Tax on the profit for the year 2,685 4,036
Under (Over) Provision in Prior Year 11 6
2,696 4,042
4 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 September 2021 600,686 4,851 605,537
At 31 August 2022 600,686 4,851 605,537
Depreciation
At 1 September 2021 - 4,851 4,851
At 31 August 2022 - 4,851 4,851
Net book value
At 31 August 2022 600,686 - 600,686
At 31 August 2021 600,686 - 600,686
5 Debtors 2022 2021
£ £
Trade debtors 15,000 -
6 Creditors: amounts falling due within one year 2022 2021
£ £
Directors Account 252,537 208,491
VAT - 2,812
Corporation Tax 2,685 4,036
Other creditors 3,500 4,000
258,722 219,339
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