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REGISTERED NUMBER: 09763935 (England and Wales)









Unaudited Financial Statements

for the Year Ended 30 September 2023

for

P & N Development & Investments Ltd

P & N Development & Investments Ltd (Registered number: 09763935)






Contents of the Financial Statements
for the Year Ended 30 September 2023




Page

Balance Sheet 1

Notes to the Financial Statements 3


P & N Development & Investments Ltd (Registered number: 09763935)

Balance Sheet
30 September 2023

30.9.23 30.9.22
Notes £    £   
FIXED ASSETS
Investment property 4 197,683 215,000

CURRENT ASSETS
Stocks 5,299,849 2,428,652
Debtors 5 78,535 28,339
Cash at bank - 666
5,378,384 2,457,657
CREDITORS
Amounts falling due within one year 6 (2,190,952 ) (1,020,770 )
NET CURRENT ASSETS 3,187,432 1,436,887
TOTAL ASSETS LESS CURRENT LIABILITIES 3,385,115 1,651,887

CREDITORS
Amounts falling due after more than one
year

7

(3,423,751

)

(1,660,099

)

PROVISIONS FOR LIABILITIES - (20,417 )
NET LIABILITIES (38,636 ) (28,629 )

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (38,638 ) (28,631 )
(38,636 ) (28,629 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

P & N Development & Investments Ltd (Registered number: 09763935)

Balance Sheet - continued
30 September 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 July 2024 and were signed on its behalf by:





Mr N P Heather - Director


P & N Development & Investments Ltd (Registered number: 09763935)

Notes to the Financial Statements
for the Year Ended 30 September 2023

1. STATUTORY INFORMATION

P & N Development & Investments Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 09763935

Registered office: Westminster House
10 Westminster Road
Macclesfield
Cheshire
SK10 1BX

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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of VAT and trade discounts.

Turnover from the sale of goods and services are recognised when significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably. This is usually on delivery of the goods and services.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Work in progress also includes the cost of borrowing.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 3 ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 October 2022 215,000
Additions 197,683
Disposals (133,333 )
Revaluations (81,667 )
At 30 September 2023 197,683
NET BOOK VALUE
At 30 September 2023 197,683
At 30 September 2022 215,000

P & N Development & Investments Ltd (Registered number: 09763935)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

4. INVESTMENT PROPERTY - continued

Fair value at 30 September 2023 is represented by:
£   
Valuation in 2022 81,667
Valuation in 2023 (81,667 )
Cost 197,683
197,683

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Trade debtors 195 -
Other debtors 78,340 28,339
78,535 28,339

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Trade creditors 574,920 1,920
Other creditors 1,616,032 1,018,850
2,190,952 1,020,770

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.9.23 30.9.22
£    £   
Other creditors 3,423,751 1,660,099

8. RELATED PARTY DISCLOSURES

P & N Development & Investments Limited has a number of associated companies and the balances due to them/from them were as follows:
The company owed JNP Developments & Investments Ltd £162,670 (2022 £357,414) at the year end.
The company owed Jonick Developments Limited £126,530 (2022 Nil) at the year end.
The company was owed £75,743 (2022 Nil) by N&J Management Limited at the year end.