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REGISTERED NUMBER: OC417774 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

FOR

P & H HOMES LLP

P & H HOMES LLP (REGISTERED NUMBER: OC417774)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023




Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


P & H HOMES LLP

GENERAL INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DESIGNATED MEMBERS: CDP Property Solutions Ltd
T Harvey





REGISTERED OFFICE: 71-75 Shelton Street
Covent Garden
London
WC2H 9JQ





REGISTERED NUMBER: OC417774 (England and Wales)





ACCOUNTANTS: MDG Business Associates Limited
Room 73
Wrest House
Wrest Park
Silsoe
Bedfordshire
MK45 4HR

P & H HOMES LLP (REGISTERED NUMBER: OC417774)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 160 230

CURRENT ASSETS
Debtors 5 71,049 115,225
Cash at bank 46,406 17,958
117,455 133,183
CREDITORS
Amounts falling due within one year 6 37,639 24,272
NET CURRENT ASSETS 79,816 108,911
TOTAL ASSETS LESS CURRENT
LIABILITIES

79,976

109,141

CREDITORS
Amounts falling due after more than one year 7 40,162 50,162
NET ASSETS ATTRIBUTABLE TO
MEMBERS

39,814

58,979

LOANS AND OTHER DEBTS DUE TO
MEMBERS

39,814

58,979

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 39,814 58,979
Amounts due from members 5 (23,253 ) (50,033 )
16,561 8,946

The LLP is entitled to exemption from audit under Section 477 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 for the year ended 31 March 2023.

The members acknowledge their responsibilities for:
(a)ensuring that the LLP keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the LLP 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 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to financial statements, so far as applicable to the LLP.

P & H HOMES LLP (REGISTERED NUMBER: OC417774)

BALANCE SHEET - continued
31 MARCH 2023


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

In accordance with Section 444 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, the Income Statement has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 2 November 2023 and were signed by:





T Harvey - Designated member

P & H HOMES LLP (REGISTERED NUMBER: OC417774)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1. STATUTORY INFORMATION

P & H Homes LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General 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 requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships. 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33% on cost

Bounce back loan scheme
The Bounce Back Loan Scheme (BBLS) enables smaller businesses to access finance more quickly during the coronavirus outbreak. The scheme helps small and medium-sized businesses to borrow between £2,000 and up to 25% of their turnover. The maximum loan available is £50,000. The government guarantees 100% of the loan and there are no fees or interest to pay for the first 12 months. After 12 months the interest rate will be 2.5% per annum.

3. EMPLOYEE INFORMATION

The average number of employees during the year was 1 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
Cost
At 1 April 2022
and 31 March 2023 280
Depreciation
At 1 April 2022 50
Charge for year 70
At 31 March 2023 120
Net book value
At 31 March 2023 160
At 31 March 2022 230

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 40,656 54,032
Amounts due from members 23,253 50,033
Other debtors 7,140 11,160
71,049 115,225

P & H HOMES LLP (REGISTERED NUMBER: OC417774)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 2,089 2,312
Social security and other taxes 2,986 154
Other creditors 22,039 11,806
Accruals and deferred income 525 -
37,639 24,272

The bank loan is 100% guaranteed by the government in line with the COVID scheme rules. Interest was charged at 0% in year one and at 2.5% per annum thereafter.

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans - 1-2 years 21,667 31,667
Loans 18,495 18,495
40,162 50,162

The bank loan is 100% guaranteed by the government in line with the COVID scheme rules. Interest was charged at 0% in year one and at 2.5% per annum thereafter.