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REGISTERED NUMBER: 11459395 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2023

FOR

PENRICE & HALES DEVELOPMENTS LIMITED

PENRICE & HALES DEVELOPMENTS LIMITED (REGISTERED NUMBER: 11459395)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023




Page

Company information 1

Balance sheet 2

Notes to the financial statements 4

Report of the accountants 7

PENRICE & HALES DEVELOPMENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2023







Directors: T M Hales
M S Penrice





Secretary:





Registered office: Wrens
Manor Road
Maidenhead
Berkshire
SL6 2QG





Registered number: 11459395 (England and Wales)





Accountants: S S KHEHAR ACCOUNTANCY SERVICES LIMITED
Wrens
Manor Road
Maidenhead
Berkshire
SL6 2QG

PENRICE & HALES DEVELOPMENTS LIMITED (REGISTERED NUMBER: 11459395)

BALANCE SHEET
31 JULY 2023

2023 2022
Notes £    £    £    £   
Fixed assets
Tangible assets 4 - 16,460

Current assets
Stocks 13,924,746 14,704,757
Cash at bank 75,186 6,275
13,999,932 14,711,032
Creditors
Amounts falling due within one year 5 541,480 532,321
Net current assets 13,458,452 14,178,711
Total assets less current liabilities 13,458,452 14,195,171

Creditors
Amounts falling due after more than
one year

6

8,443,544

8,700,140
Net assets 5,014,908 5,495,031

Capital and reserves
Called up share capital 4,930,037 5,425,389
Retained earnings 7 84,871 69,642
Shareholders' funds 5,014,908 5,495,031

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

PENRICE & HALES DEVELOPMENTS LIMITED (REGISTERED NUMBER: 11459395)

BALANCE SHEET - continued
31 JULY 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income statement has not been delivered.

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:




M S Penrice - Director



T M Hales - Director


PENRICE & HALES DEVELOPMENTS LIMITED (REGISTERED NUMBER: 11459395)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

1. Statutory information

PENRICE & HALES DEVELOPMENTS LIMITED is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. Accounting policies

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

PENRICE & HALES DEVELOPMENTS LIMITED (REGISTERED NUMBER: 11459395)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023

2. Accounting policies - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. Employees and directors

The average number of employees during the year was 2 (2022 - 2 ) .

4. Tangible fixed assets
Plant and
machinery
etc
£   
Cost
At 1 August 2022 21,947
Disposals (21,947 )
At 31 July 2023 -
Depreciation
At 1 August 2022 5,487
Eliminated on disposal (5,487 )
At 31 July 2023 -
Net book value
At 31 July 2023 -
At 31 July 2022 16,460

5. Creditors: amounts falling due within one year
2023 2022
£    £   
Trade creditors 1 1
Taxation and social security 2,994 5,855
Other creditors 538,485 526,465
541,480 532,321

6. Creditors: amounts falling due after more than one year
2023 2022
£    £   
Bank loans 8,443,544 8,681,044
Hire purchase contracts - 19,096
8,443,544 8,700,140

PENRICE & HALES DEVELOPMENTS LIMITED (REGISTERED NUMBER: 11459395)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023

7. Reserves
Retained
earnings
£   

At 1 August 2022 69,642
Profit for the year 17,229
Dividends (2,000 )
At 31 July 2023 84,871

PENRICE & HALES DEVELOPMENTS LIMITED

REPORT OF THE ACCOUNTANTS TO THE DIRECTORS OF
PENRICE & HALES DEVELOPMENTS LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance sheet. Readers are cautioned that the Income statement and certain other primary statements and the Report of the directors are not required to be filed with the Registrar of Companies.

As described on the Balance sheet you are responsible for the preparation of the financial statements for the year ended 31 July 2023 set out on page nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






S S KHEHAR ACCOUNTANCY SERVICES LIMITED
Wrens
Manor Road
Maidenhead
Berkshire
SL6 2QG


31 January 2024