Pentcourt Ltd 07206939 false true 2015-04-01 2016-06-30 2016-06-30 07206939 2015-04-01 2016-06-30 07206939 2016-06-30 07206939 uk-bus:OrdinaryShareClass1 2016-06-30 07206939 uk-bus:Director2 2015-04-01 2016-06-30 07206939 uk-bus:OrdinaryShareClass1 2015-04-01 2016-06-30 07206939 uk-bus:EntityAccountantsOrAuditors 2015-04-01 2016-06-30 07206939 uk-gaap:FixturesFittings 2015-04-01 2016-06-30 07206939 uk-gaap:MotorVehicles 2015-04-01 2016-06-30 07206939 uk-gaap:OfficeEquipment 2015-04-01 2016-06-30 07206939 uk-gaap:PlantMachinery 2015-04-01 2016-06-30 07206939 2015-03-31 07206939 2015-03-31 07206939 uk-bus:OrdinaryShareClass1 2015-03-31 iso4217:GBP xbrli:shares

Registration number: 07206939

Pentcourt Ltd

Unaudited Abbreviated Accounts

for the Period from 1 April 2015 to 30 June 2016

 

V&A Vigar Group Ltd
Chartered Accountants and Chartered Tax Advisers
PO Box 270
Holmfirth
HD9 9EL

 

Pentcourt Ltd
Contents

Abbreviated Balance Sheet

1

Notes to the Abbreviated Accounts

2 to 4

 

Pentcourt Ltd
(Registration number: 07206939)
Abbreviated Balance Sheet at 30 June 2016

   

Note

   

30 June 2016
£

   

31 March 2015
£

 

Fixed assets

 

             

Tangible fixed assets

 

   

777,228

   

469,590

 

Current assets

 

             

Debtors

 

   

1,594,597

   

523,066

 

Cash at bank and in hand

 

   

496,524

   

209,999

 
   

   

2,091,121

   

733,065

 

Creditors: Amounts falling due within one year

 

   

(1,077,222)

   

(445,356)

 

Net current assets

 

   

1,013,899

   

287,709

 

Total assets less current liabilities

 

   

1,791,127

   

757,299

 

Creditors: Amounts falling due after more than one year

 

   

(557,672)

   

(603,766)

 

Net assets

 

   

1,233,455

   

153,533

 

Capital and reserves

 

             

Called up share capital

 

3

   

2

   

2

 

Profit and loss account

 

   

1,233,453

   

153,531

 

Shareholders' funds

 

   

1,233,455

   

153,533

 

For the year ending 30 June 2016 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime .

Approved by the director on 19 July 2017

.........................................
Mr Noel Dennehy
Director

The notes on pages 2 to 4 form an integral part of these financial statements.
Page 1

 

Pentcourt Ltd
Notes to the Abbreviated Accounts for the Period from 1 April 2015 to 30 June 2016
......... continued

1

Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective January 2015).

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class

Depreciation method and rate

Plant and machinery

25% Straight Line Basis

Motor Vehicles

20% Straight Line Basis

Fixtures and fittings

25% Straight Line Basis

Office Equipment

25% Straight Line Basis

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

 

Pentcourt Ltd
Notes to the Abbreviated Accounts for the Period from 1 April 2015 to 30 June 2016
......... continued

2

Fixed assets

   

Tangible assets
£

   

Total
£

 

Cost

           

At 1 April 2015

 

1,566,108

   

1,566,108

 

Additions

 

1,136,193

   

1,136,193

 

Disposals

 

(1,394,108)

   

(1,394,108)

 

At 30 June 2016

 

1,308,193

   

1,308,193

 

Depreciation

           

At 1 April 2015

 

1,096,518

   

1,096,518

 

Charge for the period

 

459,345

   

459,345

 

Eliminated on disposals

 

(1,024,898)

   

(1,024,898)

 

At 30 June 2016

 

530,965

   

530,965

 

Net book value

           

At 30 June 2016

 

777,228

   

777,228

 

At 31 March 2015

 

469,590

   

469,590

 

3

Share capital

Allotted, called up and fully paid shares

 

30 June 2016

31 March 2015

   

No.

   

£

   

No.

   

£

 

Ordinary of £1 each

 

2

   

2

   

2

   

2

 
                         

4

Related party transactions

Other related party transactions

During the period the company made the following related party transactions:

Noel Dennehy
(Person with significant control)
Included in other creditors (amounts falling due after more than one year) are amounts due to Mr Dennehy arising from expenses paid on behalf of the company not yet being drawn by him. At the balance sheet date the amount due to Noel Dennehy was £557,672 (2015 - £603,766).

 

Pentcourt Ltd
Notes to the Abbreviated Accounts for the Period from 1 April 2015 to 30 June 2016
......... continued

Hallmanor Ltd
(Limited company under common control)
Included in other debtors are amounts due from Hallmanor Ltd as a loan made to enable that company to purchase investment property. At the balance sheet date the amount due from/(to) Hallmanor Ltd was £861,535 (2015 - £nil).

Lantern Demolition & Grab Hire Limited
(Limited company under common control)
Included in other debtors are amounts due from Lantern Demolition & Grab Hire Limited as a loan to enable it to purchase fixed asset plant and machinery. At the balance sheet date the amount due from/(to) Lantern Demolition & Grab Hire Limited was £168,000 (2015 - £nil).

5

Control

The company is controlled by Michelle Boudjemaa who holds 100% the issued shares. The ultimate controlling party is Noel Dennehy.