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
Pierre Developments (Invest) Limited
Company Information
for the period from 16 December 2022 to 30 November 2023
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
Pierre Developments (Invest) Limited
Statement of financial position
as at 30 November 2023
Cash at bank and in hand
14
Creditors: amounts falling due within one year
(1,862,028)
Net current liabilities
(159,875)
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
Pierre Developments (Invest) Limited
Notes to the Accounts
for the period from 16 December 2022 to 30 November 2023
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.
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.
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 have adopted the policy of expensing accrued interest in line with section 25, FRS 102
Amounts falling due within one year
Amounts falling due after more than one year
5
Creditors: amounts falling due within one year
2023
Amounts owed to group undertakings and other participating interests
206,241
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.
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
Ivel Business Consultancy Limited
359,787
-
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.
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.