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Company Registration No. 03716289 (England and Wales)
Peter Ernest Homes Limited Unaudited accounts for the year ended 30 April 2023
Peter Ernest Homes Limited Unaudited accounts Contents
Page
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Peter Ernest Homes Limited Company Information for the year ended 30 April 2023
Directors
Paul Harvey Victoria Harvey
Company Number
03716289 (England and Wales)
Registered Office
87 Redwing Road Clanfield Waterlooville Hampshire PO8 0LX United Kingdom
Accountants
Paul Wragg FCA 87 Redwing Road Clanfield Waterlooville Hampshire PO8 0LX
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Peter Ernest Homes Limited Statement of financial position as at 30 April 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
11,981 
15,471 
Current assets
Debtors
72,360 
93,535 
Creditors: amounts falling due within one year
(112,802)
(111,402)
Net current liabilities
(40,442)
(17,867)
Total assets less current liabilities
(28,461)
(2,396)
Creditors: amounts falling due after more than one year
(26,623)
(46,406)
Net liabilities
(55,084)
(48,802)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(55,184)
(48,902)
Shareholders' funds
(55,084)
(48,802)
For the year ending 30 April 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 31 January 2024 and were signed on its behalf by
Paul Harvey Director Company Registration No. 03716289
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Peter Ernest Homes Limited Notes to the Accounts for the year ended 30 April 2023
1
Statutory information
Peter Ernest Homes Limited is a private company, limited by shares, registered in England and Wales, registration number 03716289. The registered office is 87 Redwing Road, Clanfield, Waterlooville, Hampshire, PO8 0LX, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
10 years
Fixtures & fittings
25% straight line
4
Tangible fixed assets
Land & buildings 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 May 2022
17,500 
14,119 
31,619 
At 30 April 2023
17,500 
14,119 
31,619 
Depreciation
At 1 May 2022
5,250 
10,898 
16,148 
Charge for the year
1,750 
1,740 
3,490 
At 30 April 2023
7,000 
12,638 
19,638 
Net book value
At 30 April 2023
10,500 
1,481 
11,981 
At 30 April 2022
12,250 
3,221 
15,471 
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Peter Ernest Homes Limited Notes to the Accounts for the year ended 30 April 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
45,107 
7,392 
Other debtors
1,979 
2,412 
47,086 
9,804 
Amounts falling due after more than one year
Other debtors
25,274 
83,731 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
26,225 
20,616 
VAT
6,105 
3,042 
Trade creditors
17,691 
3,480 
Taxes and social security
51,643 
79,404 
Other creditors
9,938 
3,660 
Accruals
1,200 
1,200 
112,802 
111,402 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
26,623 
46,406 
8
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
9
Transactions with related parties
During the year Peter Ernest Homes Ltd invoiced Peter Ernest Homes Holdings Ltd (it's parent company) for building services in the amount of £149,714 (2021: £810,766)
10
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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