REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 30 JUNE 2020 |
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PENNAR HOMES LIMITED |
REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 30 JUNE 2020 |
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PENNAR HOMES LIMITED |
PENNAR HOMES LIMITED (BY SHARES) (REGISTERED NUMBER: 10818803) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
for the year ended 30 June 2020 |
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Company Information | 1 |
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Balance Sheet | 2 |
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PENNAR HOMES LIMITED (BY SHARES) |
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COMPANY INFORMATION |
for the year ended 30 June 2020 |
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DIRECTORS: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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PENNAR HOMES LIMITED (BY SHARES) (REGISTERED NUMBER: 10818803) |
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BALANCE SHEET |
30 June 2020 |
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2020 | 2019 |
£ | £ |
CURRENT ASSETS |
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CREDITORS |
Amounts falling due within one year | ( |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CREDITORS |
Amounts falling due after more than one
year |
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NET LIABILITIES | ( |
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CAPITAL AND RESERVES | ( |
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NOTES TO THE FINANCIAL STATEMENTS |
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1. | AVERAGE NUMBER OF EMPLOYEES |
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The average number of employees during the year was NIL (2019 - NIL). |
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2. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
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The following advances and credits to directors subsisted during the years ended 30 June 2020 and 30 June 2019: |
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2020 | 2019 |
£ | £ |
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Balance outstanding at start of year | ( |
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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 year | ( |
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Balance outstanding at start of year | ( |
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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 year | ( |
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The director's loans are non-interest bearing and are repayable in more than one year. |
PENNAR HOMES LIMITED (BY SHARES) (REGISTERED NUMBER: 10818803) |
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BALANCE SHEET - continued |
30 June 2020 |
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NOTES TO THE FINANCIAL STATEMENTS |
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3. | SECURED DEBTS |
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The loan held with Assetz Capital Trust Company Limited, £2,177,901 as at 30 June 2020, is secured against the land at Haven Drive, Pennar, Pembroke Dock. In addition to this, as a continuing security for the payment of secured obligations there is a fixed and floating charge over the assets of the company. |
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4. | RELATED PARTIES |
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During the year the company loaned funds to Pennar Point Limited, a private company limited by guarantee, incorporated in England and Wales . Mr B R Holt is a directors of Pennar Point Limited. Pennar Homes Limited is a corporate member with significant control |
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As at the 30 June 2020 the loan balance owed to Pennar Homes Limited was £10,788. |
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The company also borrowed funds from B & N Holt Properties LLP, a partnership of which Mr B R Holt is a member . As at the 30 June 2020 the company owed B & N Properties LLP £26,531. |
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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 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. |
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The financial statements were approved by the Board of Directors and authorised for issue on
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