IRIS Accounts Production v24.3.0.553 00899103 Board of Directors 1.4.23 31.3.24 31.3.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh008991032023-03-31008991032024-03-31008991032023-04-012024-03-31008991032022-03-31008991032022-04-012023-03-31008991032023-03-3100899103ns15:EnglandWales2023-04-012024-03-3100899103ns14:PoundSterling2023-04-012024-03-3100899103ns10:Director12023-04-012024-03-3100899103ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3100899103ns10:SmallEntities2023-04-012024-03-3100899103ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3100899103ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3100899103ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3100899103ns10:FullAccounts2023-04-012024-03-3100899103ns10:Director22023-04-012024-03-3100899103ns10:Director32023-04-012024-03-3100899103ns10:CompanySecretary12023-04-012024-03-3100899103ns10:RegisteredOffice2023-04-012024-03-3100899103ns5:CurrentFinancialInstruments2024-03-3100899103ns5:CurrentFinancialInstruments2023-03-3100899103ns5:Non-currentFinancialInstruments2024-03-3100899103ns5:Non-currentFinancialInstruments2023-03-3100899103ns5:ShareCapital2024-03-3100899103ns5:ShareCapital2023-03-3100899103ns5:FurtherSpecificReserve3ComponentTotalEquity2024-03-3100899103ns5:FurtherSpecificReserve3ComponentTotalEquity2023-03-3100899103ns5:RetainedEarningsAccumulatedLosses2024-03-3100899103ns5:RetainedEarningsAccumulatedLosses2023-03-3100899103ns5:MotorVehicles2023-04-012024-03-3100899103ns5:ComputerEquipment2023-04-012024-03-3100899103ns5:LandBuildings2023-03-3100899103ns5:MotorVehicles2023-03-3100899103ns5:ComputerEquipment2023-03-3100899103ns5:LandBuildings2023-04-012024-03-3100899103ns5:LandBuildings2024-03-3100899103ns5:MotorVehicles2024-03-3100899103ns5:ComputerEquipment2024-03-3100899103ns5:LandBuildings2023-03-3100899103ns5:MotorVehicles2023-03-3100899103ns5:ComputerEquipment2023-03-3100899103ns5:WithinOneYearns5:CurrentFinancialInstruments2024-03-3100899103ns5:WithinOneYearns5:CurrentFinancialInstruments2023-03-3100899103ns5:BetweenOneTwoYearsns5:Non-currentFinancialInstruments2024-03-3100899103ns5:BetweenOneTwoYearsns5:Non-currentFinancialInstruments2023-03-3100899103ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2024-03-3100899103ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-03-3100899103ns5:FurtherSpecificReserve3ComponentTotalEquity2023-03-31
REGISTERED NUMBER: 00899103 (England and Wales)















Financial Statements for the Year Ended 31st March 2024

for

Pickhill Developments Ltd

Pickhill Developments Ltd (Registered number: 00899103)

Contents of the Financial Statements
for the year ended 31st March 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Pickhill Developments Ltd

Company Information
for the year ended 31st March 2024







DIRECTORS: B D Sancto
L Pavitt
C Sancto





SECRETARY: L Pavitt





REGISTERED OFFICE: 1-3 Manor Road
Chatham
Kent
ME4 6AE





REGISTERED NUMBER: 00899103 (England and Wales)





ACCOUNTANTS: Beak Kemmenoe
Chartered Accountants
1-3 Manor Road
Chatham
Kent
ME4 6AE

Pickhill Developments Ltd (Registered number: 00899103)

Balance Sheet
31st March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 381,618 655,694

CURRENT ASSETS
Stocks 265,574 265,574
Debtors 6 340,544 360,994
Cash at bank 199,277 133,729
805,395 760,297
CREDITORS
Amounts falling due within one year 7 96,452 164,665
NET CURRENT ASSETS 708,943 595,632
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,090,561

1,251,326

CREDITORS
Amounts falling due after more than one
year

8

(26,474

)

(35,206

)

PROVISIONS FOR LIABILITIES (62,730 ) (93,358 )
NET ASSETS 1,001,357 1,122,762

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Fair value reserve 9 259,345 483,693
Retained earnings 741,012 638,069
SHAREHOLDERS' FUNDS 1,001,357 1,122,762

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

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

Pickhill Developments Ltd (Registered number: 00899103)

Balance Sheet - continued
31st March 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 26th November 2024 and were signed on its behalf by:





B D Sancto - Director


Pickhill Developments Ltd (Registered number: 00899103)

Notes to the Financial Statements
for the year ended 31st March 2024


1. STATUTORY INFORMATION

Pickhill Developments 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 25% on reducing balance
Equipment - 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 1 ) .

Pickhill Developments Ltd (Registered number: 00899103)

Notes to the Financial Statements - continued
for the year ended 31st March 2024


5. TANGIBLE FIXED ASSETS
Freehold Motor
property vehicles Equipment Totals
£    £    £    £   
COST OR VALUATION
At 1st April 2023 653,979 10,241 40,227 704,447
Additions - - 409 409
Disposals (274,057 ) - - (274,057 )
At 31st March 2024 379,922 10,241 40,636 430,799
DEPRECIATION
At 1st April 2023 - 9,944 38,809 48,753
Charge for year - 74 354 428
At 31st March 2024 - 10,018 39,163 49,181
NET BOOK VALUE
At 31st March 2024 379,922 223 1,473 381,618
At 31st March 2023 653,979 297 1,418 655,694

Included in cost or valuation of land and buildings is freehold land of £ 379,922 (2023 - £ 653,979 ) which is not depreciated.

Cost or valuation at 31st March 2024 is represented by:

Freehold Motor
property vehicles Equipment Totals
£    £    £    £   
Valuation in 2018 179,598 - - 179,598
Valuation in 2020 4,126 - - 4,126
Valuation in 2022 567,049 - - 567,049
Valuation in 2023 (120,000 ) - - (120,000 )
Valuation in 2024 (260,794 ) - - (260,794 )
Cost 9,943 10,241 40,636 60,820
379,922 10,241 40,636 430,799

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors and prepayments 340,544 360,994

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Corporation tax 70,673 18,055
Taxation and social security 9,357 9,418
Other creditors and accruals 16,422 137,192
96,452 164,665

Pickhill Developments Ltd (Registered number: 00899103)

Notes to the Financial Statements - continued
for the year ended 31st March 2024


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 10,438 10,785
Bank loans - 2-5 years 16,036 24,421
26,474 35,206

9. RESERVES
Fair
value
reserve
£   
At 1st April 2023 483,693
Fair value reserve (224,348 )

At 31st March 2024 259,345