REGISTERED NUMBER: |
Financial Statements |
for the Year Ended 31 July 2022 |
for |
Pioneer Developments (Scotland) Limited |
REGISTERED NUMBER: |
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: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
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 |
Investment property | 5 |
CURRENT ASSETS |
Debtors | 6 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 7 |
NET CURRENT ASSETS/(LIABILITIES) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
8 |
( |
) |
( |
) |
PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 9 |
Revaluation reserve | 10 |
Retained earnings | ( |
) | ( |
) |
SHAREHOLDERS' FUNDS |
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 |
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 |
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 |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
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 |
Plant and machinery | - |
Fixtures and fittings | - |
Motor vehicles | - |
Computer equipment | - |
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 |
4. | TANGIBLE FIXED ASSETS |
Fixtures |
Plant and | and | Motor | Computer |
machinery | fittings | vehicles | equipment | Totals |
£ | £ | £ | £ | £ |
COST |
At 1 August 2021 |
and 31 July 2022 |
DEPRECIATION |
At 1 August 2021 |
Charge for year |
At 31 July 2022 |
NET BOOK VALUE |
At 31 July 2022 |
At 31 July 2021 |
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 |
Disposals | ( |
) |
At 31 July 2022 |
NET BOOK VALUE |
At 31 July 2022 |
At 31 July 2021 |
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 |
MSR Contracts Ltd | - | 3,000 |
Kellcon Construction | - | 154,314 |
Other debtors |
Caldwell Developments Ltd | - | 45,764 |
Goodwill Property Developments (Scotland) Ltd |
- |
(57,000 |
) |
Directors' current accounts | 8,064 | 48,098 |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.7.22 | 31.7.21 |
£ | £ |
Bank loans and overdrafts |
Trade creditors |
Rent Creditor | - | 20,529 |
Tax | ( |
) |
Social security and other taxes |
Other creditors |
JCR Developments | - | 887,581 |
Accrued expenses |
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 |
9. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31.7.22 | 31.7.21 |
value: | £ | £ |
Ordinary | 1 | 2 | 2 |
10. | RESERVES |
Revaluation |
reserve |
£ |
At 1 August 2021 |
and 31 July 2022 |
11. | ULTIMATE CONTROLLING PARTY |
Mr J O'Keefe is the ultimate controlling party due to his 100% interest in the issued ordinary shared capital. |