Company No:
Contents
Note | 2023 | 2022 | ||
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Current assets | ||||
Stocks | 3 |
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Debtors | 4 |
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Cash at bank and in hand |
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62,388 | 153,441 | |||
Creditors: amounts falling due within one year | 5 | (
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Net current assets | 53,401 | 54,892 | ||
Total assets less current liabilities | 53,401 | 54,892 | ||
Net assets |
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Capital and reserves | ||||
Called-up share capital | 6 |
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Profit and loss account | (
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Total shareholder's funds |
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Directors' responsibilities:
The financial statements of St Piran Homes Limited (registered number:
Mr C R Rowe
Director |
The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.
St Piran Homes Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Melville Building East, Unit 18, 23 Royal William Yard, Plymouth, Devon, PL1 3GW, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.
Turnover from the sale of developments is recognised when the sale becomes contractually binding.
Revenue from rental income is recognised on an accruals basis.
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.
Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.
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Number | Number | ||
Monthly average number of persons employed by the Company during the year, including directors |
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£ | £ | ||
Work in progress |
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£ | £ | ||
Trade debtors |
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Amounts owed by related parties |
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Deferred tax asset |
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Other debtors |
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£ | £ | ||
Trade creditors |
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Amounts owed to related parties |
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Allotted, called-up and fully-paid | |||
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Other related party transactions
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£ | £ | ||
Balance due from/(to) entities under common control | 37,586 | (88,662) |
During the year the company made payments of £126,248 (2021 - £1,500,000) to entities under common control. This balance is interest free and repayable on demand.
Parent Company:
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