PENNYFARTHING DEVELOPMENTS LIMITED

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

• Turnover

  +56.1%

  £21,302,572 → £33,261,734

• Cash

  -7.7%

  £3,046,967 → £2,812,870

• Net assets

  -11.7%

  £26,165,724 → £23,115,217

• Employees

  +1.4%

  74 → 75

• Operating profit

  +90.6%

  -£3,977,705 → -£374,158

• Profit before tax

  +70.1%

  -£5,387,706 → -£1,613,166

• Wages

  -2.4%

  £3,910,956 → £3,818,404

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

FRS 102

Reporting scope

Consolidated group

Auditor

HJS Reading Limited

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“In auditing the financial statements, we have concluded that the Directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's and parent company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”

Group structure

1. PENNYFARTHING DEVELOPMENTS LIMITED · parent
   1. Pennyfarthing New Homes Limited 50% · UK
   2. Dormy Care Homes Limited 100% · UK
   3. Pennyfarthing Investment Limited 100% · UK
   4. Pennyfarthing Landholdings Limited 50% · UK
   5. Pennyfarthing Homes Limited 100% · UK
   6. Pennyfarthing Consercution Limited 100% · UK
   7. PF No.1 Limited 100% · UK
   8. PF No.2 Limited 100% · UK

Significant events

• “Private plot completions are broadly in line with the prior year, and both are below expectations. It is worth noting that eight months into Year Ending 2026 sales are more than double that of the previous year.”
• “Some form of Government initiative such as a revival of the previous "Help to Buy" scheme in some guise or a review of Stamp Duty would be a welcome addition to the wider industry.”
• “During the year, we operated from six selling outlets. Our larger schemes provide a varied product range, indicating we should appeal to a wide audience, subject to implementation of a good marketing strategy which is at the forefront of what we do.”
• “We welcome the newly elected Labour Governments enthusiasm on housing and support its ambitious pledge to build 1.5m homes in the next 5 years.”
• “Following the year end, the successful planning consents achieved on a number of large housing developments allow the continued throughput of stock in a consistent and well managed basis. Of these sites the group has forward sold 106 plots, being the single largest contract ever entered into and construction is well under way.”
• “A new agreement was taken out with Heritable Development Finance Limited which resulted in charges being placed on a member of the group dated 17 February 2025.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

2

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.