16 December 2022 false No description of principal activity Taxfiler 2024.5 14545071business:PrivateLimitedCompanyLtd2022-12-162023-11-30 145450712022-12-15 145450712022-12-162023-11-30 14545071business:AuditExemptWithAccountantsReport2022-12-162023-11-30 14545071business:FilletedAccounts2022-12-162023-11-30 145450712023-11-30 14545071business:Director12022-12-162023-11-30 14545071business:RegisteredOffice2022-12-162023-11-30 14545071core:WithinOneYear2023-11-30 14545071core:ShareCapitalcore:PreviouslyStatedAmount2023-11-30 14545071core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-11-30 14545071core:PreviouslyStatedAmount2023-11-30 14545071business:SmallEntities2022-12-162023-11-30 14545071countries:EnglandWales2022-12-162023-11-30 14545071core:AfterOneYear2023-11-30 14545071core:WithinOneYear2022-12-162023-11-30 14545071business:Director112022-12-162023-11-30 14545071business:Director112023-11-30 14545071business:Director122022-12-162023-11-30 14545071business:Director122023-11-30 iso4217:GBP xbrli:pure
Company Registration No. 14545071 (England and Wales)
Pierre Developments (Invest) Limited Unaudited accounts for the period from 16 December 2022 to 30 November 2023
Pierre Developments (Invest) Limited Unaudited accounts Contents
Page
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Pierre Developments (Invest) Limited Company Information for the period from 16 December 2022 to 30 November 2023
Director
Peter Evans
Company Number
14545071 (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
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Pierre Developments (Invest) Limited Statement of financial position as at 30 November 2023
2023 
Notes
£ 
Current assets
Inventories
1,702,098 
Debtors
41 
Cash at bank and in hand
14 
1,702,153 
Creditors: amounts falling due within one year
(1,862,028)
Net current liabilities
(159,875)
Net liabilities
(159,875)
Capital and reserves
Called up share capital
1 
Profit and loss account
(159,876)
Shareholders' funds
(159,875)
For the period 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 20 August 2024 and were signed on its behalf by
Peter Evans Director Company Registration No. 14545071
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Pierre Developments (Invest) Limited Notes to the Accounts for the period from 16 December 2022 to 30 November 2023
1
Statutory information
Pierre Developments (Invest) Limited is a private company, limited by shares, registered in England and Wales, registration number 14545071. 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 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 have adopted the policy of expensing accrued interest in line with section 25, FRS 102
4
Debtors
2023 
£ 
Amounts falling due within one year
VAT
40 
Amounts falling due after more than one year
Other debtors
1 
5
Creditors: amounts falling due within one year
2023 
£ 
Amounts owed to group undertakings and other participating interests
206,241 
Other creditors
1,654,787 
Accruals
1,000 
1,862,028 
The company has a bridging loan facility with GFS 1 Limited of £1,295,000 that is due to be repaid by March 2024. The company also has a 12 month loan facility of £359,787 with Ivel Business Consultancy Limited, ending 30 June 2024.
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Pierre Developments (Invest) Limited Notes to the Accounts for the period from 16 December 2022 to 30 November 2023
6
Guarantees provided on behalf of directors
Maximum Liability Under Guarantees 
Amount paid and liability incurred 
£ 
£ 
Peter Evans
GFS 1 Limited
1,295,000 
- 
Ivel Business Consultancy Limited
359,787 
- 
1,654,787 
- 
Personal guarantees provided for both loans.
7
Transactions with related parties
The company has inter company borrowings of £206,240 from Pierre Development (Holdings) Limited. The loan is repayable on demand, and no interest has been charged.
8
Controlling party
The company is 100% controlled by Pierre Developments (Holdings) Limited, company registration number 13963008, registered address: 6 Joseph Terry Grove, York, YO23 1PU
9
Average number of employees
During the period the average number of employees was 0.
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