Pennyfield Services Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: SC590904 (Scotland)

Unaudited Financial Statements

for the Period 1 April 2020 to 31 May 2021

for

Pennyfield Services Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mrs J M Sutherland

A Sutherland

REGISTERED OFFICE:

1 Exchange Crescent

Edinburgh

EH3 8UL

REGISTERED NUMBER:

SC590904 (Scotland)

ACCOUNTANTS:

J S Accounting Services Limited

13-15 Morningside Drive

EDINBURGH

EH10 5LZ

CURRENT ASSETS

Cash at bank and in hand

234,990

233,262

CREDITORS

Amounts falling due within one year

4

1,766

233,031

NET CURRENT ASSETS

233,224

231

TOTAL ASSETS LESS CURRENT LIABILITIES

233,224

231

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

233,124

131

SHAREHOLDERS' FUNDS

233,224

231

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 May 2021.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 May 2021 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 7 June 2021 and were signed on its behalf by:

A Sutherland - Director

1.	STATUTORY INFORMATION

Pennyfield Services Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

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.

Taxation

Taxation for the period 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 period 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 period was 2 (2020 - 1 ) .

4.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.21

31.3.20

£

£

Taxation and social security

-

31

Other creditors

1,766

233,000

1,766

233,031

5.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Mr & Mrs Sutherland paid expenses on behalf of the company of £1,166, this amount is due to them at 31 May 2021.

6.	RELATED PARTY DISCLOSURES

The company received dividends from Miller Developments Management Services Ltd, of which Pennyfield Services Ltd is a shareholder.