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REGISTERED NUMBER: 11459395 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024

FOR

PENRICE & HALES DEVELOPMENTS LIMITED

PENRICE & HALES DEVELOPMENTS LIMITED (REGISTERED NUMBER: 11459395)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024




Page

Company information 1

Balance sheet 2

Notes to the financial statements 4

Report of the accountants 6

PENRICE & HALES DEVELOPMENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2024







Directors: T M Hales
M S Penrice





Secretary:





Registered office: Wrens
Manor Road
Maidenhead
Berkshire
SL6 2QG





Registered number: 11459395 (England and Wales)





Accountants: S S KHEHAR ACCOUNTANCY SERVICES LIMITED
Wrens
Manor Road
Maidenhead
Berkshire
SL6 2QG

PENRICE & HALES DEVELOPMENTS LIMITED (REGISTERED NUMBER: 11459395)

BALANCE SHEET
31 JULY 2024

2024 2023
Notes £    £   
Current assets
Stocks 12,924,746 13,924,746
Cash at bank 6,196 75,186
12,930,942 13,999,932
Creditors
Amounts falling due within one year 4 494,311 541,480
Net current assets 12,436,631 13,458,452
Total assets less current liabilities 12,436,631 13,458,452

Creditors
Amounts falling due after more than
one year

5

7,647,063

8,443,544
Net assets 4,789,568 5,014,908

Capital and reserves
Called up share capital 4,671,639 4,930,037
Retained earnings 6 117,929 84,871
Shareholders' funds 4,789,568 5,014,908

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 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.

PENRICE & HALES DEVELOPMENTS LIMITED (REGISTERED NUMBER: 11459395)

BALANCE SHEET - continued
31 JULY 2024


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 4 October 2024 and were signed on its behalf by:




M S Penrice - Director



T M Hales - Director


PENRICE & HALES DEVELOPMENTS LIMITED (REGISTERED NUMBER: 11459395)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

1. Statutory information

PENRICE & HALES DEVELOPMENTS LIMITED 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

PENRICE & HALES DEVELOPMENTS LIMITED (REGISTERED NUMBER: 11459395)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024

2. Accounting policies - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. Employees and directors

The average number of employees during the year was 2 (2023 - 2 ) .

4. Creditors: amounts falling due within one year
2024 2023
£    £   
Trade creditors - 1
Taxation and social security 7,989 2,994
Other creditors 486,322 538,485
494,311 541,480

5. Creditors: amounts falling due after more than one year
2024 2023
£    £   
Bank loans 7,647,063 8,443,544

6. Reserves
Retained
earnings
£   

At 1 August 2023 84,871
Profit for the year 34,058
Dividends (1,000 )
At 31 July 2024 117,929

PENRICE & HALES DEVELOPMENTS LIMITED

REPORT OF THE ACCOUNTANTS TO THE DIRECTORS OF
PENRICE & HALES DEVELOPMENTS LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance sheet. Readers are cautioned that the Income statement and certain other primary statements and the Report of the directors are not required to be filed with the Registrar of Companies.

As described on the Balance sheet you are responsible for the preparation of the financial statements for the year ended 31 July 2024 set out on page nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






S S KHEHAR ACCOUNTANCY SERVICES LIMITED
Wrens
Manor Road
Maidenhead
Berkshire
SL6 2QG


4 October 2024