Registered number
11901827
Peal Homes Limited
Filleted Accounts
31 March 2022
Peal Homes Limited
Registered number: 11901827
Balance Sheet
as at 31 March 2022
Notes 2022 2021
£ £
Fixed assets
Tangible assets 3 270,389 270,389
Current assets
Debtors 4 95 -
Cash at bank and in hand 40,364 1,265
40,459 1,265
Creditors: amounts falling due within one year 5 (130,434) (4,305)
Net current liabilities (89,975) (3,040)
Total assets less current liabilities 180,414 267,349
Creditors: amounts falling due after more than one year 6 (230,464) (318,617)
Net liabilities (50,050) (51,268)
Capital and reserves
Called up share capital 100 100
Profit and loss account (50,150) (51,368)
Shareholders' funds (50,050) (51,268)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Alan Phillip Hoe
Director
Approved by the board on 9 August 2022
Peal Homes Limited
Notes to the Accounts
for the year ended 31 March 2022
1 Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2022 2021
Number Number
Average number of persons employed by the company - -
3 Tangible fixed assets
Land and buildings
£
Cost
At 1 April 2021 270,389
At 31 March 2022 270,389
Depreciation
At 31 March 2022 -
Net book value
At 31 March 2022 270,389
At 31 March 2021 270,389
4 Debtors 2022 2021
£ £
Other debtors 95 -
5 Creditors: amounts falling due within one year 2022 2021
£ £
Trade creditors 60 -
Other creditors 130,374 4,305
130,434 4,305
6 Creditors: amounts falling due after one year 2022 2021
£ £
Bank loans 200,463 147,702
Other creditors 30,001 170,915
230,464 318,617
7 Related party transactions
During the year the company entered into the following transactions with related parties:
2022 2021
£ £
DLA - Payable 130,374 1,025
8 Other information
Peal Homes Limited is a private company limited by shares and incorporated in England. Its registered office is:
Lyndum House
12 High Street
Petersfield
England
GU32 3JG
Peal Homes Limited 11901827 false 2021-04-01 2022-03-31 2022-03-31 VT Final Accounts April 2022 Alan Phillip Hoe No description of principal activity 11901827 2020-04-01 2021-03-31 11901827 core:WithinOneYear 2021-03-31 11901827 core:AfterOneYear 2021-03-31 11901827 core:ShareCapital 2021-03-31 11901827 core:RetainedEarningsAccumulatedLosses 2021-03-31 11901827 2021-04-01 2022-03-31 11901827 bus:PrivateLimitedCompanyLtd 2021-04-01 2022-03-31 11901827 bus:AuditExemptWithAccountantsReport 2021-04-01 2022-03-31 11901827 bus:Director40 2021-04-01 2022-03-31 11901827 countries:England 2021-04-01 2022-03-31 11901827 bus:FRS102 2021-04-01 2022-03-31 11901827 bus:FullAccounts 2021-04-01 2022-03-31 11901827 2022-03-31 11901827 core:WithinOneYear 2022-03-31 11901827 core:AfterOneYear 2022-03-31 11901827 core:ShareCapital 2022-03-31 11901827 core:RetainedEarningsAccumulatedLosses 2022-03-31 11901827 core:LandBuildings 2022-03-31 11901827 2021-03-31 11901827 core:LandBuildings 2021-03-31 iso4217:GBP xbrli:pure