Penistone Developments Limited - Accounts to registrar (filleted) - small 18.2

Penistone Developments Limited - Accounts to registrar (filleted) - small 18.2

PENISTONE DEVELOPMENTS LIMITED - Company Information

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REGISTERED NUMBER: 06904145 (England and Wales)















ABRIDGED UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2019

FOR

PENISTONE DEVELOPMENTS LIMITED
PENISTONE DEVELOPMENTS LIMITED (REGISTERED NUMBER: 06904145)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2019




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4

Chartered Certified Accountants' Report 6

PENISTONE DEVELOPMENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2019







DIRECTORS: Mr R Senior
Mr A Senior
Mr A Jackson
Mr D Jackson





REGISTERED OFFICE: 49 Austhorpe Road
Cross Gates
Leeds
LS15 8BA





BUSINESS ADDRESS: City Mills
Peel Street
Morley
Leeds
LS27 8GL





REGISTERED NUMBER: 06904145 (England and Wales)





ACCOUNTANTS: G L Barker & Co LLP
Chartered Certified Accountants
49 Austhorpe Road
Cross Gates
Leeds
LS15 8BA
Page 1
PENISTONE DEVELOPMENTS LIMITED (REGISTERED NUMBER: 06904145)

ABRIDGED BALANCE SHEET
31 MARCH 2019

31.3.19 31.3.18
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 10,500 -
Investments 5 120 -
Investment property 6 196,111 196,111
206,731 196,111

CURRENT ASSETS
Stocks - 59,542
Debtors 747,030 870
Cash at bank 11,433 323,285
758,463 383,697
CREDITORS
Amounts falling due within one year 551,637 166,947
NET CURRENT ASSETS 206,826 216,750
TOTAL ASSETS LESS CURRENT
LIABILITIES
413,557
412,861

CREDITORS
Amounts falling due after more than one
year
7
229,963
230,050
NET ASSETS 183,594 182,811

CAPITAL AND RESERVES
Called up share capital 120 120
Retained earnings 183,474 182,691
SHAREHOLDERS' FUNDS 183,594 182,811

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 notes form part of these financial statements

Page 2 continued...
PENISTONE DEVELOPMENTS LIMITED (REGISTERED NUMBER: 06904145)

ABRIDGED BALANCE SHEET - continued
31 MARCH 2019


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2019 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors on 7 November 2019 and were signed on its behalf
by:




Mr R Senior - Director



Mr A Jackson - Director


The notes form part of these financial statements

Page 3
PENISTONE DEVELOPMENTS LIMITED (REGISTERED NUMBER: 06904145)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2019

1. STATUTORY INFORMATION

Penistone Developments 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
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. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents net invoiced sales of goods and services, excluding value added tax, except in respect of
service contracts where turnover is recognised when the company obtains the right to consideration.

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 - 25% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in
fair value is recognised in profit or loss.

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance
for obsolete and slow moving items.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2018 - 4 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
Additions 14,000
At 31 March 2019 14,000
DEPRECIATION
Charge for year 3,500
At 31 March 2019 3,500
NET BOOK VALUE
At 31 March 2019 10,500

Page 4 continued...
PENISTONE DEVELOPMENTS LIMITED (REGISTERED NUMBER: 06904145)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2019

5. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
Disposals 120
At 31 March 2019 120
NET BOOK VALUE
At 31 March 2019 120

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2018
and 31 March 2019 196,111
NET BOOK VALUE
At 31 March 2019 196,111
At 31 March 2018 196,111

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS
31.3.19 31.3.18
£    £   
Repayable by instalments
Other loans more 5yrs instal 177,507 178,049

8. SECURED DEBTS

The following secured debts are included within creditors:

31.3.19 31.3.18
£    £   
Other loans 243,076 243,051
Mss Developments Ltd 436,905 -
679,981 243,051

There is a fixed and floating charge held by Shawbrook Bank Limited on 18-24 Church Street Barnsley S72 9JR.
MSS Developments Ltd has a charge over properties at Hollinberry Lane Howbrook and Church Street Brierley.
Assetsz Capital Trust Company Ltd has a fixed charge guaranteeing a loan to Penistone Developments
(Howbrook) Ltd.

Page 5
CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
PENISTONE DEVELOPMENTS LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual
unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file
a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the
Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the
financial statements of Penistone Developments Limited for the year ended 31 March 2019 which comprise the Profit
and Loss Account, Abridged Balance Sheet, Statement of Changes in Equity and the related notes from the company's
accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Penistone Developments Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Penistone Developments Limited and state those matters that we have agreed to state to the Board of Directors of Penistone Developments Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Penistone Developments Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Penistone Developments Limited. You consider that Penistone Developments Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Penistone Developments Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






G L Barker & Co LLP
Chartered Certified Accountants
49 Austhorpe Road
Cross Gates
Leeds
LS15 8BA


13 November 2019

This page does not form part of the statutory financial statements

Page 6