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REGISTERED NUMBER:
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Penmellyn Limited |
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Unaudited Financial Statements |
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for the Period |
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1 September 2017 to 30 September 2018 |
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REGISTERED NUMBER:
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Penmellyn Limited |
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Unaudited Financial Statements |
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for the Period |
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1 September 2017 to 30 September 2018 |
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Penmellyn Limited (Registered number: 07747560) |
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Contents of the Financial Statements |
for the Period 1 September 2017 to 30 September 2018 |
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Page |
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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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Penmellyn Limited |
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Company Information |
for the Period 1 September 2017 to 30 September 2018 |
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DIRECTORS: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Lakeside Offices |
The Old Cattle Market |
Coronation Park |
Helston |
Cornwall |
TR13 0SR |
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BANKERS: |
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Coinagehall Street |
Helston |
Cornwall |
TR13 8ET |
Penmellyn Limited (Registered number: 07747560) |
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Balance Sheet |
30 September 2018 |
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2018 | 2017 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 4 |
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Tangible assets | 5 |
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CURRENT ASSETS |
Stocks |
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Debtors | 6 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 7 |
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NET CURRENT (LIABILITIES)/ASSETS | ( |
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TOTAL ASSETS LESS CURRENT LIABILITIES |
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PROVISIONS FOR LIABILITIES |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital |
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Retained earnings |
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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
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(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. |
Penmellyn Limited (Registered number: 07747560) |
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Balance Sheet - continued |
30 September 2018 |
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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 Board of Directors on
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Penmellyn Limited (Registered number: 07747560) |
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Notes to the Financial Statements |
for the Period 1 September 2017 to 30 September 2018 |
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1. | STATUTORY INFORMATION |
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Penmellyn Limited is a
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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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Goodwill |
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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. |
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Tangible fixed assets |
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Computer equipment | - |
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Stocks |
Work in progress is valued at the lower of cost and net realisable value. |
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Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing |
stocks to their present location and condition. |
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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. |
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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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Penmellyn Limited (Registered number: 07747560) |
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Notes to the Financial Statements - continued |
for the Period 1 September 2017 to 30 September 2018 |
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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 period 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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Going concern |
The balance sheet shows net current liabilities. The director will continue to support the day to day working capital |
requirement of the company and will not withdraw funds from the company to the detriment of its other creditors. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the period was NIL (2017 - NIL). |
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4. | INTANGIBLE FIXED ASSETS |
Goodwill |
£ |
COST |
Additions |
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At 30 September 2018 |
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NET BOOK VALUE |
At 30 September 2018 |
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5. | TANGIBLE FIXED ASSETS |
Computer |
equipment |
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COST |
At 1 September 2017 |
and 30 September 2018 |
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DEPRECIATION |
At 1 September 2017 |
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Charge for period |
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At 30 September 2018 |
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NET BOOK VALUE |
At 30 September 2018 |
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At 31 August 2017 |
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Penmellyn Limited (Registered number: 07747560) |
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Notes to the Financial Statements - continued |
for the Period 1 September 2017 to 30 September 2018 |
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6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2018 | 2017 |
£ | £ |
Amounts owed by associates |
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Other debtors |
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7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2018 | 2017 |
£ | £ |
Trade creditors |
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Amounts owed to associates | 48,206 | 49,951 |
Taxation and social security |
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Other creditors |
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8. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
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The following advances and credits to directors subsisted during the period ended 30 September 2018 and the year |
ended 31 August 2017: |
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2018 | 2017 |
£ | £ |
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Balance outstanding at start of period |
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Amounts advanced |
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Amounts repaid | ( |
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Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of period | ( |
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9. | RELATED PARTY DISCLOSURES |
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The directors, Mr S J Edwards and Mrs A Y Edwards, were owed £17,819 by the company at the year end (2017: The |
directors owed the company £32,918) as disclosed in Other Creditors. |
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At the balance sheet date Penmellyn Limited owed Penmellyn Land Limited, a company under common control, £48,206 |
(2017: 49,951). |