Silverfin false 31/03/2023 01/04/2022 31/03/2023 Mr C R Rowe 07/11/2006 Mr R J Rowe 07/11/2006 Mr M Rowe 07/11/2006 07 November 2023 The principal activity of the company in the year was the development and sale of residential properties. 02790323 2023-03-31 02790323 bus:Director1 2023-03-31 02790323 bus:Director2 2023-03-31 02790323 bus:Director3 2023-03-31 02790323 2022-03-31 02790323 core:CurrentFinancialInstruments 2023-03-31 02790323 core:CurrentFinancialInstruments 2022-03-31 02790323 core:ShareCapital 2023-03-31 02790323 core:ShareCapital 2022-03-31 02790323 core:RetainedEarningsAccumulatedLosses 2023-03-31 02790323 core:RetainedEarningsAccumulatedLosses 2022-03-31 02790323 core:RemainingRelatedParties core:CurrentFinancialInstruments 2023-03-31 02790323 core:RemainingRelatedParties core:CurrentFinancialInstruments 2022-03-31 02790323 bus:OrdinaryShareClass1 2023-03-31 02790323 2022-04-01 2023-03-31 02790323 bus:FullAccounts 2022-04-01 2023-03-31 02790323 bus:SmallEntities 2022-04-01 2023-03-31 02790323 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 02790323 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 02790323 bus:Director1 2022-04-01 2023-03-31 02790323 bus:Director2 2022-04-01 2023-03-31 02790323 bus:Director3 2022-04-01 2023-03-31 02790323 2021-04-01 2022-03-31 02790323 bus:OrdinaryShareClass1 2022-04-01 2023-03-31 02790323 bus:OrdinaryShareClass1 2021-04-01 2022-03-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 02790323 (England and Wales)

ST PIRAN HOMES LIMITED

Unaudited Financial Statements
For the financial year ended 31 March 2023
Pages for filing with the registrar

ST PIRAN HOMES LIMITED

Unaudited Financial Statements

For the financial year ended 31 March 2023

Contents

ST PIRAN HOMES LIMITED

BALANCE SHEET

As at 31 March 2023
ST PIRAN HOMES LIMITED

BALANCE SHEET (continued)

As at 31 March 2023
Note 2023 2022
£ £
Current assets
Stocks 3 12,001 12,001
Debtors 4 38,484 2,640
Cash at bank and in hand 11,903 138,800
62,388 153,441
Creditors: amounts falling due within one year 5 ( 8,987) ( 98,549)
Net current assets 53,401 54,892
Total assets less current liabilities 53,401 54,892
Net assets 53,401 54,892
Capital and reserves
Called-up share capital 6 2,100,000 2,100,000
Profit and loss account ( 2,046,599 ) ( 2,045,108 )
Total shareholder's funds 53,401 54,892

For the financial year ending 31 March 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of St Piran Homes Limited (registered number: 02790323) were approved and authorised for issue by the Director on 07 November 2023. They were signed on its behalf by:

Mr C R Rowe
Director
ST PIRAN HOMES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2023
ST PIRAN HOMES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2023
1. Accounting policies

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.

General information and basis of accounting

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

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer.

Turnover from the sale of developments is recognised when the sale becomes contractually binding.

Revenue from rental income is recognised on an accruals basis.

Taxation

Current tax
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.

Stocks

Work in progress is values at the lower of cost and net realisable value. Net realisable value is based on selling price less anticipated costs to completion and selling costs. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including directors 3 3

3. Stocks

2023 2022
£ £
Work in progress 12,001 12,001

4. Debtors

2023 2022
£ £
Trade debtors 751 750
Amounts owed by related parties 37,586 0
Deferred tax asset 0 1,148
Other debtors 147 742
38,484 2,640

5. Creditors: amounts falling due within one year

2023 2022
£ £
Trade creditors 8,987 9,887
Amounts owed to related parties 0 88,662
8,987 98,549

6. Called-up share capital

2023 2022
£ £
Allotted, called-up and fully-paid
2,100,000 Ordinary shares of £ 1.00 each 2,100,000 2,100,000

7. Related party transactions

Other related party transactions

2023 2022
£ £
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.

8. Ultimate controlling party

Parent Company:

St Piran Holdings Limited