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
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
Peter Ernest Homes Limited
Statement of financial position
as at 30 April 2023
Tangible assets
11,981
15,471
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)
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
Peter Ernest Homes Limited
Notes to the Accounts
for the year ended 30 April 2023
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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:
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
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
At 30 April 2023
10,500
1,481
11,981
At 30 April 2022
12,250
3,221
15,471
Peter Ernest Homes Limited
Notes to the Accounts
for the year ended 30 April 2023
Amounts falling due within one year
Trade debtors
45,107
7,392
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
Trade creditors
17,691
3,480
Taxes and social security
51,643
79,404
Other creditors
9,938
3,660
7
Creditors: amounts falling due after more than one year
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).