1 December 2022 false Taxfiler 2024.5 13057348business:PrivateLimitedCompanyLtd2022-12-012023-11-30 130573482022-11-30 130573482022-12-012023-11-30 13057348business:AuditExemptWithAccountantsReport2022-12-012023-11-30 13057348business:FilletedAccounts2022-12-012023-11-30 130573482023-11-30 13057348business:Director12022-12-012023-11-30 13057348business:RegisteredOffice2022-12-012023-11-30 130573482022-11-30 13057348core:WithinOneYear2023-11-30 13057348core:WithinOneYear2022-11-30 13057348core:ShareCapitalcore:PreviouslyStatedAmount2023-11-30 13057348core:ShareCapitalcore:PreviouslyStatedAmount2022-11-30 13057348core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-11-30 13057348core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-11-30 13057348core:PreviouslyStatedAmount2023-11-30 13057348core:PreviouslyStatedAmount2022-11-30 13057348business:SmallEntities2022-12-012023-11-30 13057348countries:EnglandWales2022-12-012023-11-30 13057348business:Director112022-12-012023-11-30 13057348business:Director112023-11-30 13057348business:Director122022-12-012023-11-30 13057348business:Director122023-11-30 130573482021-12-012022-11-30 iso4217:GBP xbrli:pure
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
Page
- 2 -
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
- 3 -
Pierre Developments Ltd Statement of financial position as at 30 November 2023
2023 
2022 
Notes
£ 
£ 
Current assets
Inventories
1,287,965 
899,925 
Debtors
2,230 
30,715 
Cash at bank and in hand
912 
75 
1,291,107 
930,715 
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)
Capital and reserves
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
- 4 -
Pierre Developments Ltd Notes to the Accounts for the year ended 30 November 2023
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
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. The directors of the company have adopted the policy of expensing accrued interest, in line with section 25, FRS 102.
4
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
2,230 
7,157 
Amounts due from group undertakings etc.
- 
23,558 
2,230 
30,715 
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 
Accruals
1,133 
566 
2,029,945 
1,157,635 
- 5 -
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 
£ 
£ 
Peter William Evans
Romaco SPV2 Limited
1,346,002 
- 
The Beighton Family Investment Company
294,435 
- 
1,640,437 
- 
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.
8
Controlling party
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).
- 6 -