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REGISTERED NUMBER: SC234275 (Scotland)















Financial Statements

for the Year Ended 31 July 2022

for

Pioneer Developments (Scotland) Limited

Pioneer Developments (Scotland) Limited (Registered number: SC234275)






Contents of the Financial Statements
for the Year Ended 31 July 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Pioneer Developments (Scotland) Limited

Company Information
for the Year Ended 31 July 2022







DIRECTOR: J O'Keefe





REGISTERED OFFICE: Unit 4
Crowhill Road
Bishopbriggs
Glasgow
G64 1RS





REGISTERED NUMBER: SC234275 (Scotland)





ACCOUNTANTS: KPP Glasgow South Ltd
Chartered Certified Accountants
Unit 3 , 37 Rosyth Road
Morris Park
Glasgow
G5 0YE

Pioneer Developments (Scotland) Limited (Registered number: SC234275)

Balance Sheet
31 July 2022

31.7.22 31.7.21
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 56,542 67,301
Investment property 5 - 808,273
56,542 875,574

CURRENT ASSETS
Debtors 6 8,064 231,813
Cash at bank and in hand 66,336 452,383
74,400 684,196
CREDITORS
Amounts falling due within one year 7 12,821 934,429
NET CURRENT ASSETS/(LIABILITIES) 61,579 (250,233 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

118,121

625,341

CREDITORS
Amounts falling due after more than one
year

8

(26,111

)

(129,444

)

PROVISIONS FOR LIABILITIES (4,986 ) (4,986 )
NET ASSETS 87,024 490,911

CAPITAL AND RESERVES
Called up share capital 9 2 2
Revaluation reserve 10 755,594 755,594
Retained earnings (668,572 ) (264,685 )
SHAREHOLDERS' FUNDS 87,024 490,911

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Pioneer Developments (Scotland) Limited (Registered number: SC234275)

Balance Sheet - continued
31 July 2022


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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 26 October 2023 and were signed by:





J O'Keefe - Director


Pioneer Developments (Scotland) Limited (Registered number: SC234275)

Notes to the Financial Statements
for the Year Ended 31 July 2022

1. STATUTORY INFORMATION

Pioneer Developments (Scotland) Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
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. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

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

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 - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 19% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2021 - 1 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 August 2021
and 31 July 2022 118,660 34,813 11,825 274 165,572
DEPRECIATION
At 1 August 2021 62,587 30,211 5,199 274 98,271
Charge for year 8,411 691 1,657 - 10,759
At 31 July 2022 70,998 30,902 6,856 274 109,030
NET BOOK VALUE
At 31 July 2022 47,662 3,911 4,969 - 56,542
At 31 July 2021 56,073 4,602 6,626 - 67,301

Pioneer Developments (Scotland) Limited (Registered number: SC234275)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2022

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 August 2021 808,273
Disposals (808,273 )
At 31 July 2022 -
NET BOOK VALUE
At 31 July 2022 -
At 31 July 2021 808,273

Fair value at 31 July 2022 is represented by:
£   
Valuation in 2016 2,534,249
Valuation in 2018 (360,591 )
Valuation in 2020 (1,365,385 )
Valuation in 2021 (808,273 )

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.22 31.7.21
£    £   
Trade debtors - 19,936
MSR Contracts Ltd - 3,000
Kellcon Construction - 154,314
Other debtors - 17,701
Caldwell Developments Ltd - 45,764
Goodwill Property Developments (Scotland)
Ltd

-

(57,000

)
Directors' current accounts 8,064 48,098
8,064 231,813

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.22 31.7.21
£    £   
Bank loans and overdrafts - 3,802
Trade creditors - 15,633
Rent Creditor - 20,529
Tax - (8,184 )
Social security and other taxes - 359
Other creditors - 1,773
JCR Developments - 887,581
Accrued expenses 12,821 12,936
12,821 934,429

Pioneer Developments (Scotland) Limited (Registered number: SC234275)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2022

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.22 31.7.21
£    £   
Bounce back loan 26,111 29,444
P Bal loan - 100,000
26,111 129,444

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.22 31.7.21
value: £    £   
2 Ordinary 1 2 2

10. RESERVES
Revaluation
reserve
£   
At 1 August 2021
and 31 July 2022 755,594

11. ULTIMATE CONTROLLING PARTY

Mr J O'Keefe is the ultimate controlling party due to his 100% interest in the issued ordinary shared capital.