Penfield Licencing Limited - Accounts to registrar (filleted) - small 23.2.5
Penfield Licencing Limited - Accounts to registrar (filleted) - small 23.2.5
| REGISTERED NUMBER: |
| PENFIELD LICENCING LIMITED |
| Unaudited Financial Statements for the Year Ended 30 June 2023 |
| PENFIELD LICENCING LIMITED (REGISTERED NUMBER: 13045163) |
| Contents of the Financial Statements |
| for the year ended 30 June 2023 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 | to | 4 |
| PENFIELD LICENCING LIMITED |
| Company Information |
| for the year ended 30 June 2023 |
| Director: |
| Registered office: |
| Registered number: |
| Accountants: |
| CUBO Birmingham |
| Office 401, 4th Floor |
| Birmingham |
| West Midlands |
| B3 3AX |
| PENFIELD LICENCING LIMITED (REGISTERED NUMBER: 13045163) |
| Balance Sheet |
| 30 June 2023 |
| 2023 | 2022 |
| Notes | £ | £ | £ | £ |
| Fixed assets |
| Intangible assets | 4 |
| Current assets |
| Debtors | 5 |
| Cash at bank |
| Creditors |
| Amounts falling due within one year | 6 |
| Net current liabilities | ( |
) | ( |
) |
| Total assets less current liabilities |
| Capital and reserves |
| Called up share capital | 7 |
| Retained earnings |
| 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 |
| PENFIELD LICENCING LIMITED (REGISTERED NUMBER: 13045163) |
| Notes to the Financial Statements |
| for the year ended 30 June 2023 |
| 1. | Statutory information |
| Penfield Licencing Limited is a |
| 2. | Accounting policies |
| Basis of preparing the financial statements |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
| 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. |
| Amortisation is provided at the following annual rates in order to write off each asset over its estimated useful life. |
| Intellectual property | - | 10 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 (2022 - NIL). |
| PENFIELD LICENCING LIMITED (REGISTERED NUMBER: 13045163) |
| Notes to the Financial Statements - continued |
| for the year ended 30 June 2023 |
| 4. | Intangible fixed assets |
| Intellectual |
| property |
| £ |
| Cost |
| At 1 July 2022 |
| and 30 June 2023 |
| Amortisation |
| At 1 July 2022 |
| Amortisation for year |
| At 30 June 2023 |
| Net book value |
| At 30 June 2023 |
| At 30 June 2022 |
| 5. | Debtors: amounts falling due within one year |
| 2023 | 2022 |
| £ | £ |
| Called up share capital not paid |
| Prepayments |
| 6. | Creditors: amounts falling due within one year |
| 2023 | 2022 |
| £ | £ |
| Trade creditors |
| Amounts owed to participating interests | 229,689 | 415,825 |
| Corporation Tax |
| VAT | 5,896 | 33,959 |
| Accruals and deferred income |
| 7. | Called up share capital |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2023 | 2022 |
| value: | £ | £ |
| Ordinary | £1 | 100 | 100 |
| 8. | Related party disclosures |
| As at 30 June 2023 the company owed £229,689 (2022: £415,825) to Brand Machine International Limited, a company under control of the director. |
| 9. | Ultimate controlling party |
| The controlling party is A T Jalil. |
| The ultimate controlling party is |