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Registered number: 01992271
Pinehouse Limited
Financial Statements
For The Year Ended 31 July 2023
Cound & Co LLP
Chartered Accountants
1 Princes Court Royal Way
Loughborough
LE11 5XR
Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 01992271
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 2,281 2,697
2,281 2,697
CURRENT ASSETS
Stocks 5 717,207 717,207
Debtors 6 1,152 1,193
Cash at bank and in hand 13,141 5,124
731,500 723,524
Creditors: Amounts Falling Due Within One Year 7 (101,750 ) (72,737 )
NET CURRENT ASSETS (LIABILITIES) 629,750 650,787
TOTAL ASSETS LESS CURRENT LIABILITIES 632,031 653,484
PROVISIONS FOR LIABILITIES
Deferred Taxation (434 ) (492 )
NET ASSETS 631,597 652,992
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 631,497 652,892
SHAREHOLDERS' FUNDS 631,597 652,992
Page 1
Page 2
For the year ending 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr D Allen
Director
30th November 2023
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Pinehouse Limited is a private company, limited by shares, incorporated in England & Wales, registered number 01992271 . The registered office is 1 Princes Court, Royal Way, Loughborough, Leicestershire, LE11 5XR.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable excluding value added tax. Turnover includes revenue earned from the sale of properties and rental income.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Equipment 15% pa reducing balance
Motor Vehicles 25% pa reducing balance
Office Equipment 15% pa reducing balance
2.4. Stocks and Work in Progress
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Work in progress in respect of developments in progress are included at site acquisition costs together with development costs incurred to the balance sheet date or at net realisable value if lower.
2.5. Taxation
Taxation expense represents the sum of the tax currently payable and deferred tax.

Deferred taxation is provided on the liability method to take account of timing differences between the treatment of certain items for accounts purposes and their treatment for tax purposes. Tax deferred or accelerated is accounted for in respect of all material timing differences to the extent that it is considered a net liability may crystallise.
3. Average Number of Employees
Average number of employees, including directors, during the year was  2 (2022: 2)
2 2
Page 3
Page 4
4. Tangible Assets
Plant & Equipment Motor Vehicles Office Equipment Total
£ £ £ £
Cost
As at 1 August 2022 18,124 150 1,791 20,065
As at 31 July 2023 18,124 150 1,791 20,065
Depreciation
As at 1 August 2022 16,251 37 1,080 17,368
Provided during the period 281 28 107 416
As at 31 July 2023 16,532 65 1,187 17,784
Net Book Value
As at 31 July 2023 1,592 85 604 2,281
As at 1 August 2022 1,873 113 711 2,697
5. Stocks
2023 2022
£ £
Materials 1,640 1,640
Work in progress 715,567 715,567
717,207 717,207
6. Debtors
2023 2022
£ £
Due within one year
Prepayments and accrued income 1,152 1,193
1,152 1,193
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 1,080 310
Corporation tax 7,418 6,513
Estate of Mr W Statt 85,792 58,792
Accruals and deferred income 6,417 6,417
Director's loan account 1,043 705
101,750 72,737
Page 4
Page 5
8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
Page 5