Silverfin false false 31/03/2024 01/04/2023 31/03/2024 Mr C R Rowe 06/03/1997 Mr M Rowe 06/03/1997 Mr R J Rowe 06/03/1997 25 November 2024 The principal activity of the company in the year was the development and sale of residential properties. 02790323 2024-03-31 02790323 bus:Director1 2024-03-31 02790323 bus:Director2 2024-03-31 02790323 bus:Director3 2024-03-31 02790323 2023-03-31 02790323 core:CurrentFinancialInstruments 2024-03-31 02790323 core:CurrentFinancialInstruments 2023-03-31 02790323 core:ShareCapital 2024-03-31 02790323 core:ShareCapital 2023-03-31 02790323 core:RetainedEarningsAccumulatedLosses 2024-03-31 02790323 core:RetainedEarningsAccumulatedLosses 2023-03-31 02790323 core:RemainingRelatedParties core:CurrentFinancialInstruments 2024-03-31 02790323 core:RemainingRelatedParties core:CurrentFinancialInstruments 2023-03-31 02790323 bus:OrdinaryShareClass1 2024-03-31 02790323 2023-04-01 2024-03-31 02790323 bus:FilletedAccounts 2023-04-01 2024-03-31 02790323 bus:SmallEntities 2023-04-01 2024-03-31 02790323 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 02790323 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 02790323 bus:Director1 2023-04-01 2024-03-31 02790323 bus:Director2 2023-04-01 2024-03-31 02790323 bus:Director3 2023-04-01 2024-03-31 02790323 2022-04-01 2023-03-31 02790323 bus:OrdinaryShareClass1 2023-04-01 2024-03-31 02790323 bus:OrdinaryShareClass1 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 02790323 (England and Wales)

ST PIRAN HOMES LIMITED

Unaudited Financial Statements
For the financial year ended 31 March 2024
Pages for filing with the registrar

ST PIRAN HOMES LIMITED

Unaudited Financial Statements

For the financial year ended 31 March 2024

Contents

ST PIRAN HOMES LIMITED

BALANCE SHEET

As at 31 March 2024
ST PIRAN HOMES LIMITED

BALANCE SHEET (continued)

As at 31 March 2024
Note 2024 2023
£ £
Current assets
Stocks 0 12,001
Debtors 3 13,539 38,484
Cash at bank and in hand 5,493 11,903
19,032 62,388
Creditors: amounts falling due within one year 4 ( 2,414) ( 8,987)
Net current assets 16,618 53,401
Total assets less current liabilities 16,618 53,401
Net assets 16,618 53,401
Capital and reserves
Called-up share capital 5 2,100,000 2,100,000
Profit and loss account ( 2,083,382 ) ( 2,046,599 )
Total shareholder's funds 16,618 53,401

For the financial 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 financial statements of St Piran Homes Limited (registered number: 02790323) were approved and authorised for issue by the Board of Directors on 25 November 2024. They were signed on its behalf by:

Mr C R Rowe
Director
ST PIRAN HOMES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2024
ST PIRAN HOMES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

St Piran Homes Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is C/O Francis Clark Llp Melville Building East, Royal William Yard, Plymouth, PL1 3RP, United Kingdom. The principal place of business is Rodwyn, 63 Alexandra Road, Illogan, Redruth, Cornwall, TR16 4EA.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer.

Turnover from the sale of developments is recognised when the sale becomes contractually binding.

Revenue from rental income is recognised on an accruals basis.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Stocks

Work in progress is values at the lower of cost and net realisable value. Net realisable value is based on selling price less anticipated costs to completion and selling costs. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 0 0

3. Debtors

2024 2023
£ £
Trade debtors 13,412 751
Amounts owed by related parties 0 37,586
Other debtors 127 147
13,539 38,484

4. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 0 8,987
Amounts owed to related parties 2,414 0
2,414 8,987

5. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
2,100,000 Ordinary shares of £ 1.00 each 2,100,000 2,100,000

6. Ultimate controlling party

Parent Company:

St Piran Holdings Limited
C/O Francis Clark Llp Melville Building East, Royal William Yard, Plymouth, Devon, United Kingdom, PL1 3RP