Acorah Software Products - Accounts Production 15.0.600 false true 30 June 2023 1 July 2022 false 1 July 2023 30 June 2024 30 June 2024 10837096 Mr Tony Jackson Mr Paul Roberts iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10837096 2023-06-30 10837096 2024-06-30 10837096 2023-07-01 2024-06-30 10837096 frs-core:CurrentFinancialInstruments 2024-06-30 10837096 frs-core:Non-currentFinancialInstruments 2024-06-30 10837096 frs-core:ShareCapital 2024-06-30 10837096 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 10837096 frs-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 10837096 frs-bus:FilletedAccounts 2023-07-01 2024-06-30 10837096 frs-bus:SmallEntities 2023-07-01 2024-06-30 10837096 frs-bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 10837096 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 10837096 frs-bus:Director1 2023-07-01 2024-06-30 10837096 frs-bus:Director2 2023-07-01 2024-06-30 10837096 frs-core:CurrentFinancialInstruments 1 2024-06-30 10837096 frs-countries:EnglandWales 2023-07-01 2024-06-30 10837096 2022-06-30 10837096 2023-06-30 10837096 2022-07-01 2023-06-30 10837096 frs-core:CurrentFinancialInstruments 2023-06-30 10837096 frs-core:Non-currentFinancialInstruments 2023-06-30 10837096 frs-core:ShareCapital 2023-06-30 10837096 frs-core:RetainedEarningsAccumulatedLosses 2023-06-30 10837096 frs-core:CurrentFinancialInstruments 1 2023-06-30
Registered number: 10837096
Pebble Grove Properties Limited
Unaudited Financial Statements
For The Year Ended 30 June 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 10837096
2024 2023
Notes £ £ £ £
CURRENT ASSETS
Stocks 4 718,683 757,977
Debtors 5 227,704 227,894
Cash at bank and in hand 395 1,369
946,782 987,240
Creditors: Amounts Falling Due Within One Year 6 (345,545 ) (434,345 )
NET CURRENT ASSETS (LIABILITIES) 601,237 552,895
TOTAL ASSETS LESS CURRENT LIABILITIES 601,237 552,895
Creditors: Amounts Falling Due After More Than One Year 7 (532,516 ) (537,687 )
NET ASSETS 68,721 15,208
CAPITAL AND RESERVES
Called up share capital 8 2 2
Profit and Loss Account 68,719 15,206
SHAREHOLDERS' FUNDS 68,721 15,208
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For the year ending 30 June 2024 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 directors acknowledge their 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Tony Jackson
Director
04/10/2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Pebble Grove Properties Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10837096 . The registered office is The Forge, 3 Heron Hill, Belvedere, DA17 5ER.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
2.3. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
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.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
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4. Stocks
2024 2023
£ £
Stock 718,683 757,977
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 227,059 226,271
Prepayments and accrued income 512 581
VAT 133 1,042
227,704 227,894
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Bank loans and overdrafts 10,000 10,000
Corporation tax 15,475 878
Inter company accounts Creditor 183,789 217,336
Accruals and deferred income 1,000 850
Directors' loan accounts 135,281 205,281
345,545 434,345
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 532,516 537,687
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
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9. Related Party Transactions
Included in the Other Creditors is an amount owed to the company director Mr P Roberts totalling £129,970 (2023 - £199,970), no interest is to be charged.
Included in the Other Creditors is an amount owed to the company director Mr T Jackson totalling £5,311 (2023 - £5,311), no interest is to be charged.
Included in the Other Creditors is an amount owed to TJ Progressive Ltd totalling £125,000 (2023 - £195,000), for which Mr T Jackson is a director. No interest is to be charged and no repayment terms have been agreed.
Included in the Other Creditors is an amount owed to Interior Partnerships Ltd totalling £985 (2023 - £68), for which Mr T Jackson is a director. No interest is to be charged and no repayment terms have been agreed.
Included in the Other Creditors is an amount owed to Pebble Grove Properties (Bexleyheath) Ltd totalling £57,804 (2023 - £22,268), for which Mr T Jackson & Mr P Roberts are directors. No interest is to be charged and no repayment terms have been agreed.
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