Penfeather Partners Limited - Accounts to registrar (filleted) - small 23.2.5
Penfeather Partners Limited - Accounts to registrar (filleted) - small 23.2.5
| REGISTERED NUMBER: |
| Penfeather Partners Limited |
| Unaudited Financial Statements |
| for the Year Ended 31 May 2023 |
| Penfeather Partners Limited (Registered number: 10161089) |
| Contents of the Financial Statements |
| for the year ended 31 May 2023 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| Penfeather Partners Limited |
| Company Information |
| for the year ended 31 May 2023 |
| Director: |
| Registered office: |
| Registered number: |
| Accountants: |
| New Derwent House |
| 69-73 Theobalds Road |
| London |
| WC1X 8TA |
| Penfeather Partners Limited (Registered number: 10161089) |
| Balance Sheet |
| 31 May 2023 |
| 2023 | 2022 |
| Notes | £ | £ | £ | £ |
| Fixed assets |
| Tangible assets | 4 |
| Investments | 5 |
| Current assets |
| Debtors | 6 |
| Cash at bank |
| Creditors |
| Amounts falling due within one year | 7 |
| Net current assets |
| Total assets less current liabilities |
| Capital and reserves |
| Called up share capital | 8 |
| Retained earnings | 9 |
| Shareholders' funds |
| 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. |
| 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 |
| Penfeather Partners Limited (Registered number: 10161089) |
| Notes to the Financial Statements |
| for the year ended 31 May 2023 |
| 1. | Statutory information |
| Penfeather Partners Limited is a |
| 2. | Accounting policies |
| Basis of preparing the financial statements |
| Going concern |
| The financial statements have been prepared on a going concern basis. The Director has reviewed and considered relevant information, including the annual budget and future cash flows in making their assessment. |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
| Turnover represents amounts receivable for services provided in the year. |
| Tangible fixed assets |
| Motor vehicles | - |
| 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. |
| Investments in subsidiaries |
| Investments in subsidiary undertakings are recognised at cost. |
| 3. | Employees and directors |
| The average number of employees during the year was |
| Penfeather Partners Limited (Registered number: 10161089) |
| Notes to the Financial Statements - continued |
| for the year ended 31 May 2023 |
| 4. | Tangible fixed assets |
| Motor |
| vehicles |
| £ |
| Cost |
| Additions |
| At 31 May 2023 |
| Depreciation |
| Charge for year |
| At 31 May 2023 |
| Net book value |
| At 31 May 2023 |
| 5. | Fixed asset investments |
| Other |
| investments |
| £ |
| Cost |
| At 1 June 2022 |
| and 31 May 2023 |
| Net book value |
| At 31 May 2023 |
| At 31 May 2022 |
| 6. | Debtors: amounts falling due within one year |
| 2023 | 2022 |
| £ | £ |
| Other debtors |
| 7. | Creditors: amounts falling due within one year |
| 2023 | 2022 |
| £ | £ |
| Taxation and social security |
| Other creditors |
| 8. | Called up share capital |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2023 | 2022 |
| value: | £ | £ |
| Ordinary A Shares | £1 | 45 | 45 |
| Ordinary B Shares | £1 | 45 | 45 |
| Ordinary C Shares | £1 | 10 | 10 |
| 100 | 100 |
| Penfeather Partners Limited (Registered number: 10161089) |
| Notes to the Financial Statements - continued |
| for the year ended 31 May 2023 |
| 9. | Reserves |
| Retained |
| earnings |
| £ |
| At 1 June 2022 |
| Profit for the year |
| Dividends | ( |
) |
| At 31 May 2023 |
| 10. | Related party disclosures |
| Included in other creditors at the year-end is a balance of £110 owed by the director (2022: £1,200 debtor). |
| Dividends of £84,000 (2022: £116,425) were paid to the director during the year. |