Registered number
10017792
Pie Homes Limited
Unaudited Filleted Accounts
27 February 2023
Pie Homes Limited
Registered number: 10017792
Balance Sheet
as at 27 February 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 152,319 284,141
Current assets
Debtors 4 11,153 2,770
Cash at bank and in hand 49,065 7,400
60,218 10,170
Creditors: amounts falling due within one year 5 (2,632) (23,808)
Net current liabilities 57,586 (13,638)
Total assets less current liabilities 209,905 270,503
Creditors: amounts falling due after more than one year 6 (150,284) (211,004)
Provisions for liabilities (1,763) (2,204)
Net (liabilities)/assets 57,858 57,295
Capital and reserves
Called up share capital 100 100
Profit and loss account 57,758 57,195
Shareholders' funds 57,858 57,295
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr J Dickinson
Director
Approved by the board on 20 November 2023
Pie Homes Limited
Notes to the Accounts
for the year ended 27 February 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 28 February 2022 294,884 14,500 309,384
Additions 5,000 - 5,000
Disposals (146,025) - (146,025)
At 27 February 2023 153,859 14,500 168,359
Depreciation
At 28 February 2022 22,343 2,900 25,243
Charge for the year 3,078 2,320 5,398
On disposals (14,601) - (14,601)
At 27 February 2023 10,820 5,220 16,040
Net book value
At 27 February 2023 143,039 9,280 152,319
At 27 February 2022 272,541 11,600 284,141
4 Debtors 2023 2022
£ £
Other debtors 11,153 2,770
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts - 1,440
Taxation and social security costs 417 15,994
Other creditors 2,215 6,374
2,632 23,808
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 150,284 211,004
7 Loans 2023 2022
£ £
Creditors include:
Amounts payable otherwise than by instalment falling due for payment after more than five years 145,387 206,250
The company is subject to a fixed and floating charge over the freehold land and buildings.
8 Other information
Pie Homes Limited is a private company limited by shares and incorporated in England. Its registered office is:
Unit 16 Eastway Business Village
Olivers Place
Fulwood
Preston
PR2 9WT
Pie Homes Limited 10017792 false 2022-02-28 2023-02-27 2023-02-27 VT Final Accounts October 2023 Mr J Dickinson No description of principal activity 10017792 2021-02-28 2022-02-27 10017792 core:WithinOneYear 2022-02-27 10017792 core:AfterOneYear 2022-02-27 10017792 core:ShareCapital 2022-02-27 10017792 core:RetainedEarningsAccumulatedLosses 2022-02-27 10017792 2022-02-28 2023-02-27 10017792 bus:PrivateLimitedCompanyLtd 2022-02-28 2023-02-27 10017792 bus:AuditExemptWithAccountantsReport 2022-02-28 2023-02-27 10017792 bus:Director40 2022-02-28 2023-02-27 10017792 1 2022-02-28 2023-02-27 10017792 2 2022-02-28 2023-02-27 10017792 core:LandBuildings 2022-02-28 2023-02-27 10017792 core:PlantMachinery 2022-02-28 2023-02-27 10017792 countries:England 2022-02-28 2023-02-27 10017792 bus:FRS102 2022-02-28 2023-02-27 10017792 bus:FullAccounts 2022-02-28 2023-02-27 10017792 2023-02-27 10017792 core:WithinOneYear 2023-02-27 10017792 core:AfterOneYear 2023-02-27 10017792 core:ShareCapital 2023-02-27 10017792 core:RetainedEarningsAccumulatedLosses 2023-02-27 10017792 core:LandBuildings 2023-02-27 10017792 core:PlantMachinery 2023-02-27 10017792 2022-02-27 10017792 core:LandBuildings 2022-02-27 10017792 core:PlantMachinery 2022-02-27 iso4217:GBP xbrli:pure