Penistone Developments Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 06904145 (England and Wales)

ABRIDGED UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2018

FOR

PENISTONE DEVELOPMENTS LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

Chartered Certified Accountants' Report

6

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

FIXED ASSETS

Investment property

4

196,111

CURRENT ASSETS

Stocks

59,542

205,264

Debtors

870

2,440

Cash at bank

323,285

43,460

383,697

251,164

CREDITORS

Amounts falling due within one year

166,947

94,957

NET CURRENT ASSETS

216,750

156,207

TOTAL ASSETS LESS CURRENT
LIABILITIES

412,861

352,318

CREDITORS

Amounts falling due after more than one
year

5

230,050

230,000

NET ASSETS

182,811

122,318

CAPITAL AND RESERVES

Called up share capital

120

Retained earnings

182,691

122,198

SHAREHOLDERS' FUNDS

182,811

122,318

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 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 of Part 15 of the Companies Act 2006 relating to small companies.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2018 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 19 November 2018 and were signed on its behalf
by:

Mr R Senior - Director

Mr A Jackson - Director

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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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.

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 (2017 - 4 ) .

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2017

and 31 March 2018

196,111

NET BOOK VALUE

At 31 March 2018

196,111

At 31 March 2017

196,111

5.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS

31.3.18

31.3.17

£

Repayable by instalments

Other loans more 5yrs instal

178,049

178,000

6.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.18

31.3.17

£

Other loans

243,051

243,000

There is a fixed and floating charge held by Shawbrook Bank Limited on 18-24 Church Street Barnsley S72 9JR.

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 2018 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

27 November 2018

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

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