Company Registration No. 13055258 (England and Wales)
PENFOLD VERRALL EMPLOYEE TRUSTEE LIMITED
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JUNE 2021
PENFOLD VERRALL EMPLOYEE TRUSTEE LIMITED
COMPANY INFORMATION
Directors
Mr D J L Lynch
(Appointed 1 December 2020)
Mr J R Verrall
(Appointed 1 December 2020)
Mr A J Bish
(Appointed 21 December 2020)
Mr A J Medhurst
(Appointed 21 December 2020)
Company number
13055258
Registered office
Amelia House
Crescent Road
Worthing
West Sussex
BN11 1RL
Accountants
Carpenter Box
Amelia House
Crescent Road
Worthing
West Sussex
BN11 1RL
Business address
The Haulage Yard
Dial Post
Horsham
West Sussex
RH13 8NY
PENFOLD VERRALL EMPLOYEE TRUSTEE LIMITED
CONTENTS
Page
Directors' report
1
Accountants' report
2
Balance sheet
3
Notes to the financial statements
4
PENFOLD VERRALL EMPLOYEE TRUSTEE LIMITED
DIRECTORS' REPORT
FOR THE PERIOD ENDED 30 JUNE 2021
- 1 -
The directors present their annual report and financial statements for the period ended 30 June 2021.
Principal activities
The company did not trade in the period.
Directors
The directors who held office during the period and up to the date of signature of the financial statements were as follows:
Mr D J L Lynch
(Appointed 1 December 2020)
Mr J R Verrall
(Appointed 1 December 2020)
Mr A J Bish
(Appointed 21 December 2020)
Mr A J Medhurst
(Appointed 21 December 2020)
Small companies exemption
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
On behalf of the board
Mr D J L Lynch
Director
11 March 2022
PENFOLD VERRALL EMPLOYEE TRUSTEE LIMITED
ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF PENFOLD VERRALL EMPLOYEE TRUSTEE LIMITED FOR THE PERIOD ENDED 30 JUNE 2021
- 2 -
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Penfold Verrall Employee Trustee Limited for the period ended 30 June 2021 which comprise, the balance sheet 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 Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/members/regulations-standards-and-guidance
.
This report is made solely to the Board of Directors of Penfold Verrall Employee Trustee Limited, as a body, in accordance with the terms of our engagement
.
Our work has been undertaken solely to prepare for your approval the financial statements of Penfold Verrall Employee Trustee Limited
and state those matters that we have agreed to state to the Board of Directors of Penfold Verrall Employee Trustee Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Penfold Verrall Employee Trustee Limited and its Board of Directors as a body, for
our work or for this report.
It is your duty to ensure that Penfold Verrall Employee Trustee 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 result
of Penfold Verrall Employee Trustee Limited. You consider that Penfold Verrall Employee Trustee Limited is exempt from the statutory audit
requirement for the period.
We have not been instructed to carry out an audit or a review of the financial statements of Penfold Verrall Employee Trustee 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.
Carpenter Box
11 March 2022
Chartered Accountants
Amelia House
Crescent Road
Worthing
West Sussex
BN11 1RL
PENFOLD VERRALL EMPLOYEE TRUSTEE LIMITED
BALANCE SHEET
AS AT 30 JUNE 2021
30 June 2021
- 3 -
2021
Notes
£
£
Reserves
3
-
For the financial period ended 30 June 2021 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
T
he members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476
.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 11 March 2022 and are signed on its behalf by:
Mr D J L Lynch
Director
Company Registration No. 13055258
PENFOLD VERRALL EMPLOYEE TRUSTEE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JUNE 2021
- 4 -
1
Accounting policies
Company information
Penfold Verrall Employee Trustee Limited is a
private
company
limited by guarantee
incorporated in
England and Wales
.
The registered office is
Amelia House, Crescent Road, Worthing, West Sussex, BN11 1RL.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in
sterling
, which is the functional currency of the company.
Monetary a
mounts
in these financial statements are
rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Reporting period
The company was incorporated on 1 December 2020 and therefore the accounts cover a 7 month period.
1.3
Profit and loss account
The company has not traded during the period. During
this time,
the company received no income and incurred no expenditure and therefore no
profit or loss account
is presented
in these financial statements.
2
Employees
The company had no employees during the financial year.
3
Members' liability
The company is limited by guarantee, not having a share capital and consequently the liability of members is limited, subject to an undertaking by each member to contribute to the net assets or liabilities of the company on winding up such amounts as may be required not exceeding £1.