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Company registration number: 10112674
Peter David Homes 2 Limited
Unaudited filleted financial statements
31 March 2024
Peter David Homes 2 Limited
Contents
Directors and other information
Accountants report
Statement of financial position
Notes to the financial statements
Peter David Homes 2 Limited
Directors and other information
Directors Mr M Holliday
Mr G Eaton
Company number 10112674
Registered office 19 New Road
Drayton Parslow
Milton Keynes
MK17 0JH
Business address Studio 3, Spring Barn
Fairclough Hall Farms
Halls Green, Weston
Herts
SG4 7DP
Accountants Hardcastle Blake
19 New Road
Drayton Parslow
Milton Keynes
MK17 0JH
Peter David Homes 2 Limited
Chartered accountants report to the board of directors on the preparation of the
unaudited statutory financial statements of Peter David Homes 2 Limited
Year ended 31 March 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Peter David Homes 2 Limited for the year ended 31 March 2024 which comprise the statement of financial position and related notes from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com /en/members/regulations-standards-and-guidance/.
This report is made solely to the board of directors of Peter David Homes 2 Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Peter David Homes 2 Limited and state those matters that we have agreed to state to the board of directors of Peter David Homes 2 Limited as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Peter David Homes 2 Limited and its board of directors as a body for our work or for this report.
It is your duty to ensure that Peter David Homes 2 Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Peter David Homes 2 Limited. You consider that Peter David Homes 2 Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of Peter David Homes 2 Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Hardcastle Blake
ICAEW
19 New Road
Drayton Parslow
Milton Keynes
MK17 0JH
1 October 2024
Peter David Homes 2 Limited
Statement of financial position
31 March 2024
2024 2023
Note £ £ £ £
Current assets
Debtors 4 100 190
Cash at bank and in hand 4,649 6,405
_______ _______
4,749 6,595
Net current assets 4,749 6,595
_______ _______
Total assets less current liabilities 4,749 6,595
_______ _______
Net assets 4,749 6,595
_______ _______
Capital and reserves
Called up share capital 100 100
Profit and loss account 4,649 6,495
_______ _______
Shareholders funds 4,749 6,595
_______ _______
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 01 October 2024 , and are signed on behalf of the board by:
Mr M Holliday
Director
Company registration number: 10112674
Peter David Homes 2 Limited
Notes to the financial statements
Year ended 31 March 2024
1. General information
The company is a private company limited by shares, registered in United Kingdom. The address of the registered office is 19 New Road, Drayton Parslow, Milton Keynes, MK17 0JH.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Debt instruments are subsequently measured at amortised cost.
4. Debtors
2024 2023
£ £
Amounts owed by group undertakings - 90
Other debtors 100 100
_______ _______
100 190
_______ _______
5. Controlling party
The company is a 100% subsidiary of Peter David Homes Limited, a company registered in the UK. It has the same registered office .