1 December 2022 false No description of principal activity Taxfiler 2024.5 13868559business:PrivateLimitedCompanyLtd2022-12-012023-11-30 138685592022-11-30 138685592022-12-012023-11-30 13868559business:AuditExemptWithAccountantsReport2022-12-012023-11-30 13868559business:FilletedAccounts2022-12-012023-11-30 138685592023-11-30 13868559business:Director12022-12-012023-11-30 13868559business:Director22022-12-012023-11-30 13868559business:RegisteredOffice2022-12-012023-11-30 138685592022-11-30 13868559core:WithinOneYear2023-11-30 13868559core:WithinOneYear2022-11-30 13868559core:ShareCapitalcore:PreviouslyStatedAmount2023-11-30 13868559core:ShareCapitalcore:PreviouslyStatedAmount2022-11-30 13868559core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-11-30 13868559core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-11-30 13868559core:PreviouslyStatedAmount2023-11-30 13868559core:PreviouslyStatedAmount2022-11-30 13868559business:SmallEntities2022-12-012023-11-30 13868559countries:EnglandWales2022-12-012023-11-30 13868559business:Director112022-12-012023-11-30 13868559business:Director112023-11-30 13868559business:Director132022-12-012023-11-30 13868559business:Director132023-11-30 13868559business:Director222022-12-012023-11-30 13868559business:Director222023-11-30 13868559business:Director242022-12-012023-11-30 13868559business:Director242023-11-30 138685592022-01-242022-11-30 iso4217:GBP xbrli:pure
Company Registration No. 13868559 (England and Wales)
Pierre Developments (York Place) Ltd Unaudited accounts for the year ended 30 November 2023
Pierre Developments (York Place) Ltd Unaudited accounts Contents
Page
- 2 -
Pierre Developments (York Place) Ltd Company Information for the year ended 30 November 2023
Directors
Peter Evans Andrew Caine
Company Number
13868559 (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 (York Place) Ltd Statement of financial position as at 30 November 2023
2023 
2022 
Notes
£ 
£ 
Current assets
Inventories
1,491,738 
1,508,270 
Debtors
- 
18,499 
Cash at bank and in hand
- 
35,760 
1,491,738 
1,562,529 
Creditors: amounts falling due within one year
(1,760,229)
(1,571,099)
Net current liabilities
(268,491)
(8,570)
Net liabilities
(268,491)
(8,570)
Capital and reserves
Called up share capital
10 
10 
Profit and loss account
(268,501)
(8,580)
Shareholders' funds
(268,491)
(8,570)
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 directors acknowledge their 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 of Directors and authorised for issue on 8 August 2024 and were signed on its behalf by
Peter Evans Director Company Registration No. 13868559
- 4 -
Pierre Developments (York Place) Ltd Notes to the Accounts for the year ended 30 November 2023
1
Statutory information
Pierre Developments (York Place) Ltd is a private company, limited by shares, registered in England and Wales, registration number 13868559. 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
These financial statements for the year ended 30 November 2023 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 24 January 2022. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
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 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
- 
18,499 
5
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
1,441,800 
1,369,786 
VAT
52 
- 
Amounts owed to group undertakings and other participating interests
282,206 
169,862 
Other creditors
2,825 
2,825 
Loans from directors
32,496 
27,496 
Accruals
850 
1,130 
1,760,229 
1,571,099 
- 5 -
Pierre Developments (York Place) 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 Evans
GFS 1 Limited
1,105,000 
- 
Charles Alexander Finance Limited
336,800 
- 
Andrew Caine
GFS 1 Limited
1,105,000 
- 
Charles Alexander Finance Limited
336,800 
- 
2,883,600 
- 
Personal guarantees provided for the external loans of the company
7
Transactions with related parties
The company owes Pierre Developments (Holdings) Limited £282,206, no interest has been charged and the loan is repayable on demand.
8
Average number of employees
During the year the average number of employees was 0 (2022: 0).
- 6 -