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REGISTERED NUMBER: 07189881 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2023

FOR

POWERSCOURT DEVELOPMENTS LIMITED

POWERSCOURT DEVELOPMENTS LIMITED (REGISTERED NUMBER: 07189881)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 October 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Report of the Accountants 5

POWERSCOURT DEVELOPMENTS LIMITED

COMPANY INFORMATION
for the Year Ended 31 October 2023







DIRECTOR: G R Keane



REGISTERED OFFICE: 206 Endeavour House
Wrest Park
Silsoe
Bedfordshire
MK45 4HS



REGISTERED NUMBER: 07189881 (England and Wales)



ACCOUNTANTS: F E Hawkes & Co
206 Endeavour House
Wrest Park
Silsoe
Bedfordshire
MK45 4HS



SOLICITORS: Taylor Walton LLP
28-44 Alma Street
Luton
Bedfordshire
LU1 2PL

POWERSCOURT DEVELOPMENTS LIMITED (REGISTERED NUMBER: 07189881)

BALANCE SHEET
31 October 2023

2022 2023
£    Notes £   
CURRENT ASSETS
5,000 Stocks 5 5,000
2,088 Debtors 6 679
242,735 Cash at bank 230,226
249,823 235,905
CREDITORS
246,084 Amounts falling due within one year 7 231,187
3,739 NET CURRENT ASSETS 4,718
3,739 TOTAL ASSETS LESS CURRENT
LIABILITIES

4,718

CAPITAL AND RESERVES
51 Called up share capital 51
3,688 Retained earnings 4,667
3,739 SHAREHOLDERS' FUNDS 4,718

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

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

The director acknowledges his 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.

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 director and authorised for issue on 29 July 2024 and were signed by:





G R Keane - Director


POWERSCOURT DEVELOPMENTS LIMITED (REGISTERED NUMBER: 07189881)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 October 2023


1. STATUTORY INFORMATION

Powerscourt Developments Ltd is a private company, limited by shares and registered in England and Wales.

The company's registered number and registered office address are as follows

Registered number: 07189881

Registered office: 206 Endeavour House
Wrest Park
Silsoe
Bedfordshire
MK45 4HS

The presentation currency of the financial statements is the Pound Sterling (£).

The principal activity of the company in the year under review was that of property developer.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Significant judgements and estimates
No significant judgement or estimates have had to be made by the director in preparing these financial statements.

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

Stocks
Land and buildings are valued at contract cost and associated direct costs less any provision for diminution in value where appropriate.

Work in progress is valued at the lower of cost or net realisable value. Cost is defined as all direct expenditure with attributable fixed and variable overheads including finance and administration costs which the directors consider are directly attributable to the work in hand. Net realisable value is based on selling price less costs expected to be incurred to completion.

Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.

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.


POWERSCOURT DEVELOPMENTS LIMITED (REGISTERED NUMBER: 07189881)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 October 2023


3. ACCOUNTING POLICIES - continued
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.

4. EMPLOYEES AND DIRECTORS

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

5. STOCKS
2023 2022
£    £   
Closing stock of land and buildings 5,000 5,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Directors' current accounts - 2,088
Tax 679 -
679 2,088

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Thornbury Developments Ltd 231,175 244,184
Directors' current accounts 12 -
Sundry creditors & accruals - 1,900
231,187 246,084

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 October 2023 and 31 October 2022:

2023 2022
£    £   
G R Keane
Balance outstanding at start of year 2,088 -
Amounts repaid (2,088 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 2,088

POWERSCOURT DEVELOPMENTS LIMITED

REPORT OF THE ACCOUNTANTS TO THE DIRECTOR OF
POWERSCOURT DEVELOPMENTS LIMITED


The following reproduces the text of the report prepared for the director 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 Director 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 October 2023 set out on pages three to nine 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.






F E Hawkes & Co
206 Endeavour House
Wrest Park
Silsoe
Bedfordshire
MK45 4HS


29 July 2024