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REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 31 DECEMBER 2017 |
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PENTEL LIMITED |
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REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 31 DECEMBER 2017 |
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FOR |
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PENTEL LIMITED |
PENTEL LIMITED (REGISTERED NUMBER: 04151961) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 DECEMBER 2017 |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 4 |
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PENTEL LIMITED |
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COMPANY INFORMATION |
FOR THE YEAR ENDED 31 DECEMBER 2017 |
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DIRECTOR: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Certified Accountants |
61 Station Road |
Sudbury |
Suffolk |
CO10 2SP |
PENTEL LIMITED (REGISTERED NUMBER: 04151961) |
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BALANCE SHEET |
31 DECEMBER 2017 |
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31.12.16 | 31.12.17 |
£ | £ | Notes | £ | £ |
FIXED ASSETS |
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Tangible assets | 4 |
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CURRENT ASSETS |
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Debtors | 5 |
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Cash at bank and in hand |
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CREDITORS |
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Amounts falling due within one year | 6 |
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( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CREDITORS |
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Amounts falling due after more than one
year |
7 |
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( |
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NET ASSETS |
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CAPITAL AND RESERVES |
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Called up share capital | 9 |
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Property revaluation | 10 |
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Retained earnings |
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SHAREHOLDERS' FUNDS |
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The director acknowledges her 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. |
PENTEL LIMITED (REGISTERED NUMBER: 04151961) |
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BALANCE SHEET - continued |
31 DECEMBER 2017 |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the director on
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PENTEL LIMITED (REGISTERED NUMBER: 04151961) |
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NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 DECEMBER 2017 |
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1. | STATUTORY INFORMATION |
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Pentel Limited is a
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company's registered number and registered office address can be found on the Company Information |
page. |
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The presentation currency of the financial statements is the Pound Sterling (£). |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding |
discounts, rebates, value added tax and other sales taxes. |
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Tangible fixed assets |
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Fixtures and fittings | - |
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In accordance with FRS 102 Section 1A, freehold property is revalued annually at fair value. |
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Where the current fair value of a property is below its original cost any surplus or deficit on |
revaluation is transferred to the profit and loss account. |
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Where the current fair value of a property is in excess of its original cost, any surplus or deficit on |
revaluation is transferred to the revaluation reserve. |
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No depreciation is provided in respect of freehold property. |
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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. |
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Current or deferred taxation assets and liabilities are not discounted. |
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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. |
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PENTEL LIMITED (REGISTERED NUMBER: 04151961) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 DECEMBER 2017 |
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2. | ACCOUNTING POLICIES - continued |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at |
the balance sheet date. |
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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. |
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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. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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4. | TANGIBLE FIXED ASSETS |
Fixtures |
Freehold | and |
Totals | property | fittings |
£ | £ | £ |
COST OR VALUATION |
At 1 January 2017 |
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Additions |
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At 31 December 2017 |
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DEPRECIATION |
At 1 January 2017 |
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Charge for year |
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At 31 December 2017 |
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NET BOOK VALUE |
At 31 December 2017 |
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At 31 December 2016 |
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PENTEL LIMITED (REGISTERED NUMBER: 04151961) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 DECEMBER 2017 |
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4. | TANGIBLE FIXED ASSETS - continued |
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Cost or valuation at 31 December 2017 is represented by: |
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Fixtures |
Freehold | and |
Totals | property | fittings |
£ | £ | £ |
Valuation in 2009 | 488,615 | 488,615 | - |
Valuation in 2010 | 160,000 | 160,000 | - |
Valuation in 2011 | 85,000 | 85,000 | - |
Valuation in 2012 | 500,000 | 500,000 | - |
Valuation in 2013 | 290,000 | 290,000 | - |
Valuation in 2015 | 385,000 | 385,000 | - |
Valuation in 2016 | 166,500 | 166,500 | - |
Cost | 2,164,887 | 2,105,111 | 59,776 |
4,240,002 | 4,180,226 | 59,776 |
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If the properties had not been revalued they would have been included at the following historical |
cost: |
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31.12.17 | 31.12.16 |
£ | £ |
Cost | 2,105,111 | 1,861,385 |
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The properties were valued on at fair value basis on 31 December 2017 by By Choice Estate Agents Limited (RICS) |
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5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.12.17 | 31.12.16 |
£ | £ |
Other debtors |
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6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.12.17 | 31.12.16 |
£ | £ |
Bank loans and overdrafts |
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Taxation and social security |
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Other creditors |
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7. |
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR |
31.12.17 | 31.12.16 |
£ | £ |
Bank loans |
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PENTEL LIMITED (REGISTERED NUMBER: 04151961) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 DECEMBER 2017 |
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7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued |
31.12.17 | 31.12.16 |
£ | £ |
Amounts falling due in more than five years: |
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Repayable by instalments |
Bank loans more 5 yr by instal | 1,216,113 | 1,043,935 |
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8. | SECURED DEBTS |
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The following secured debts are included within creditors: |
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31.12.17 | 31.12.16 |
£ | £ |
Bank loans |
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Lloyds Bank hold a debenture dated 20th December 2016 and fixed and floating charges over all of |
the company's property. |
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9. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31.12.17 | 31.12.16 |
value: | £ | £ |
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Ordinary 'B' shares | £1 | 50 | 50 |
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10. | PROPERTY REVALUATION |
Property |
revaluation |
£ |
At 1 January 2017 |
and 31 December 2017 |
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