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REGISTERED NUMBER: 06017730 (England and Wales)














St Peters Developments Limited

Unaudited Financial Statements

for the Year Ended 31 December 2021






St Peters Developments Limited (Registered number: 06017730)

Contents of the Financial Statements
for the Year Ended 31 December 2021










Page

Company information 1

Chartered accountants' report 2

Statement of financial position 3

Notes to the financial statements 5


St Peters Developments Limited

Company Information
for the Year Ended 31 December 2021







Directors: Dr D J Trawford
Mrs J M Trawford





Secretary: Mrs J M Trawford





Registered office: Bank House
Broad Street
Spalding
Lincolnshire
PE11 1TB





Business address: The Dental Surgery
Camel Gate
Spalding
Lincolnshire
PE12 6ES





Registered number: 06017730 (England and Wales)





Accountants: Moore Thompson
Bank House
Broad Street
Spalding
Lincolnshire
PE11 1TB

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
St Peters Developments Limited


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of financial position. Readers are cautioned that the Income statement and certain other primary statements and the Directors' report are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of St Peters Developments Limited for the year ended 31 December 2021 which comprise the Statement of income and retained earnings, Statement of financial position 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 within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of St Peters Developments Limited, as a body, in accordance with the terms of our engagement letter dated 10 August 2018. Our work has been undertaken solely to prepare for your approval the financial statements of St Peters Developments Limited and state those matters that we have agreed to state to the Board of Directors of St Peters Developments Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than St Peters Developments Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that St Peters Developments 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 profit of St Peters Developments Limited. You consider that St Peters Developments Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of St Peters Developments 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.






Moore Thompson
Bank House
Broad Street
Spalding
Lincolnshire
PE11 1TB


18 August 2022

St Peters Developments Limited (Registered number: 06017730)

Statement of Financial Position
31 December 2021

2021 2020
Notes £    £    £    £   
Fixed assets
Intangible assets 5 500,000 500,000
Tangible assets 6 82,410 102,031
Investments 7 62,730 62,730
645,140 664,761

Current assets
Debtors 8 175,262 90,551
Cash at bank 33,247 58,870
208,509 149,421
Creditors
Amounts falling due within one year 9 162,288 122,831
Net current assets 46,221 26,590
Total assets less current liabilities 691,361 691,351

Creditors
Amounts falling due after more than one
year

10

76,708

124,417
Net assets 614,653 566,934

Capital and reserves
Called up share capital 11 100 100
Revaluation reserve 12 302,096 302,096
Retained earnings 312,457 264,738
Shareholders' funds 614,653 566,934

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 in accordance with Section 476 of the Companies Act 2006.

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.

St Peters Developments Limited (Registered number: 06017730)

Statement of Financial Position - continued
31 December 2021


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of income and retained earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 August 2022 and were signed on its behalf by:





Dr D J Trawford - Director


St Peters Developments Limited (Registered number: 06017730)

Notes to the Financial Statements
for the Year Ended 31 December 2021


1. Statutory information

St Peters Developments Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3. Accounting policies

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid on incorporation, has not been amortised as in the opinion of the directors, the current value of the goodwill is at least equal to its historic cost.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery-25% reducing balance
Motor vehicles-25% reducing balance
Equipment-15% reducing balance / 3 years straight line

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.


St Peters Developments Limited (Registered number: 06017730)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2021


3. Accounting policies - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

4. Employees and directors

The average number of employees during the year was 2 (2020 - 2 ) .

5. Intangible fixed assets
Goodwill
£   
Cost
At 1 January 2021
and 31 December 2021 500,000
Net book value
At 31 December 2021 500,000
At 31 December 2020 500,000

6. Tangible fixed assets
Plant and Motor
machinery vehicles Equipment Totals
£    £    £    £   
Cost
At 1 January 2021
and 31 December 2021 161,520 109,515 3,013 274,048
Depreciation
At 1 January 2021 100,719 68,851 2,447 172,017
Charge for year 9,314 10,166 141 19,621
At 31 December 2021 110,033 79,017 2,588 191,638
Net book value
At 31 December 2021 51,487 30,498 425 82,410
At 31 December 2020 60,801 40,664 566 102,031

St Peters Developments Limited (Registered number: 06017730)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2021


7. Fixed asset investments
Unlisted
investments
£   
Cost
At 1 January 2021
and 31 December 2021 62,730
Net book value
At 31 December 2021 62,730
At 31 December 2020 62,730

8. Debtors: amounts falling due within one year
2021 2020
£    £   
Spalding Dental Surgery 35,695 -
West Norfolk Developments
Limited 50,646 58,828
Directors' loan accounts 67,110 31,723
Tax 21,811 -
175,262 90,551

9. Creditors: amounts falling due within one year
2021 2020
£    £   
Bank loans and overdrafts 51,485 -
Hire purchase contracts 17,626 29,295
Tax 86,967 77,569
Spalding Dental Surgery - 8,347
Accruals and deferred income 6,210 7,620
162,288 122,831

10. Creditors: amounts falling due after more than one year
2021 2020
£    £   
Bank loans 64,917 95,000
Hire purchase contracts 11,791 29,417
76,708 124,417

St Peters Developments Limited (Registered number: 06017730)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2021


11. Called up share capital



Allotted, issued and fully paid:
Number: Class: Nominal 2021 2020
value: £    £   
50 Ordinary A shares £1 50 50
50 Ordinary B shares £1 50 50
100 100

12. Reserves
Revaluation
reserve
£   
At 1 January 2021
and 31 December 2021 302,096