Company Registration No. 13057348 (England and Wales)
Pierre Developments Ltd
Unaudited accounts
for the year ended 30 November 2023
Pierre Developments Ltd
Unaudited accounts
Contents
Pierre Developments Ltd
Company Information
for the year ended 30 November 2023
Director
Peter William Evans
Company Number
13057348 (England and Wales)
Registered Office
6 JOSEPH TERRY GROVE
YORK
YO23 1PU
ENGLAND
Accountants
RAE Business Services (Yorkshire) Limited
First Floor
85 Great Portland Street
London
W1W 7LT
Pierre Developments Ltd
Statement of financial position
as at 30 November 2023
Inventories
1,287,965
899,925
Cash at bank and in hand
912
75
Creditors: amounts falling due within one year
(2,029,945)
(1,157,635)
Net current liabilities
(738,838)
(226,920)
Net liabilities
(738,838)
(226,920)
Called up share capital
1
1
Profit and loss account
(738,839)
(226,921)
Shareholders' funds
(738,838)
(226,920)
For the year ending 30 November 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 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 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 and authorised for issue on 8 August 2024 and were signed on its behalf by
Peter William Evans
Director
Company Registration No. 13057348
Pierre Developments Ltd
Notes to the Accounts
for the year ended 30 November 2023
Pierre Developments Ltd is a private company, limited by shares, registered in England and Wales, registration number 13057348. The registered office is 6 JOSEPH TERRY GROVE, YORK, YO23 1PU, ENGLAND.
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.
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.
The directors of the company have adopted the policy of expensing accrued interest, in line with section 25, FRS 102.
Amounts falling due within one year
Amounts due from group undertakings etc.
-
23,558
5
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
1,346,003
759,199
Trade creditors
13,476
60,798
Amounts owed to group undertakings and other participating interests
321,137
-
Taxes and social security
-
4,000
Other creditors
294,435
207,000
Loans from directors
53,761
126,072
Pierre Developments Ltd
Notes to the Accounts
for the year ended 30 November 2023
6
Guarantees provided on behalf of directors
Maximum Liability Under Guarantees
Amount paid and liability incurred
Romaco SPV2 Limited
1,346,002
-
The Beighton Family Investment Company
294,435
-
Personal guarantees provided for both loans.
7
Transactions with related parties
The following amounts are owed to related parties,
14 Coppergate Limited - £80,000
Pierre Development (Holdings) Limited - £241,137
No interest has been charged, and all amounts owed are repayable on demand.
Pierre Development (Holdings) Limited, company registration number 13963008, registered address - 6 Joseph Terry Grove, York, YO23 1PU
9
Average number of employees
During the year the average number of employees was 0 (2022: 0).