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REGISTERED NUMBER: 08782711 (England and Wales)















Financial Statements for the Year Ended 30 November 2023

for

Pierra Group Ltd

Pierra Group Ltd (Registered number: 08782711)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Pierra Group Ltd

Company Information
for the Year Ended 30 November 2023







DIRECTORS: Mr M I Norris
Mr J L Rospo





REGISTERED OFFICE: Suites 5 & 6 The Printworks
Hey Road
Barrow
Clitheroe
Lancashire
BB7 9WB





REGISTERED NUMBER: 08782711 (England and Wales)





ACCOUNTANTS: Bennett Kirkhope Smith
Chartered Certified Accountants
Suites 5 & 6 The Printworks
Hey Road
Barrow
Clitheroe
Lancashire
BB7 9WB

Pierra Group Ltd (Registered number: 08782711)

Balance Sheet
30 November 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Investments 4 113 113

CURRENT ASSETS
Debtors 5 293,206 288,104
Cash at bank and in hand 30,594 66,249
323,800 354,353
CREDITORS
Amounts falling due within one year 6 274,126 300,789
NET CURRENT ASSETS 49,674 53,564
TOTAL ASSETS LESS CURRENT
LIABILITIES

49,787

53,677

CREDITORS
Amounts falling due after more than one
year

7

20,752

30,745
NET ASSETS 29,035 22,932

CAPITAL AND RESERVES
Called up share capital 8 112 112
Retained earnings 28,923 22,820
SHAREHOLDERS' FUNDS 29,035 22,932

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

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

Pierra Group Ltd (Registered number: 08782711)

Balance Sheet - continued
30 November 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 29 August 2024 and were signed on its behalf by:




Mr M I Norris - Director



Mr J L Rospo - Director


Pierra Group Ltd (Registered number: 08782711)

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


1. STATUTORY INFORMATION

Pierra Group Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

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

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 December 2022
and 30 November 2023 113
NET BOOK VALUE
At 30 November 2023 113
At 30 November 2022 113

Pierra Group Ltd (Registered number: 08782711)

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


4. FIXED ASSET INVESTMENTS - continued

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Pierra Limited
Registered office: Suites 5 & 6 The Printworks, Hey Road, Barrow, Clitheroe, Lancashire, BB7 9WB
Nature of business: Building restoration
%
Class of shares: holding
A, B, C Ordinary 100.00

Assured Concrete Repairs Ltd
Registered office: Suites 5 & 6 The Printworks, Hey Road, Barrow, Clitheroe, Lancashire, BB7 9WB
Nature of business: Property letting company
%
Class of shares: holding
Ordinary 100.00

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Amounts owed by group undertakings 293,206 288,104

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Bank loans and overdrafts 9,994 9,559
Amounts owed to group undertakings 251,520 271,714
Directors' current accounts 11,599 18,550
Accrued expenses 1,013 966
274,126 300,789

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.11.23 30.11.22
£    £   
Bank loans due between one and two
years

10,247

9,994
Bank loans due between two and five
years

10,505

20,751
20,752 30,745

Pierra Group Ltd (Registered number: 08782711)

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


8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.11.23 30.11.22
value: £    £   
100 A Ordinary £1 100 100
6 B Ordinary £1 6 6
6 C Ordinary £1 6 6
112 112