Pier Terrace Holdings Limited |
Registered Number:00660718 |
For the year ended 30 June 2024
England and Wales
Report of the Directors and Unaudited Financial Statements
For the year ended 30 June 2024
Pier Terrace Holdings Limited
Contents Page
2
Directors' Report
3
Independent Accountant's Report
4
Income Statement
5
Statement of Financial Position
6 to 7
Notes to the Financial Statements
For the year ended 30 June 2024
Pier Terrace Holdings Limited
Company Information
Mr Gerald White
Directors
Mrs Amanda Louise Bridger
Mrs Jennifer Tigg
Mr Gerald White
Company Secretary
00660718
Wessex House
66 High Street
Honiton
Devon
EX14 1PD
Elson Frampton
Accountant
Wessex House
66 High Street
Honiton
Devon
EX14 1PD
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For the year ended 30 June 2024
Pier Terrace Holdings Limited
Directors' Report
The directors present their report and financial statements for the year ended 30 June 2024.
The purpose of the company is to manage the mutual interests of the lessees of flats at Pier Terrace,West Bay, Bridport, Dorset. |
Directors
The directors who served the company throughout the year were as follows:
Mr Gerald White
Mrs Amanda Louise Bridger
Mrs Jennifer Tigg
Signed on behalf of the board of directors
This report has been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006. |
29 November 2024
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For the year ended 30 June 2024
Pier Terrace Holdings Limited
Independent Accountant's Report
As described on the Statement of Financial Position you are responsible for the preparation of the financial statements |
for the year ended 30 June 2024 and you consider that the company is exempt from an audit under the Companies |
Act 2006. 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. |
Elson Frampton
Wessex House
66 High Street
Honiton
Devon
EX14 1PD
21 November 2024
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For the year ended 30 June 2024
Pier Terrace Holdings Limited
Income Statement
2023
2024
15,660
21,400
21,400
Gross profit
15,660
(39,847)
(3,732)
Operating loss
(24,187)
17,668
(24,187)
17,668
Loss before taxation
(24,187)
Loss for the financial year
17,668
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Pier Terrace Holdings Limited
Statement of Financial Position
2023
2024
Property, plant and equipment |
100
100
2
100
100
Trade and other receivables |
1,672
2,079
3
27,600
Cash and cash equivalents |
3,006
5,085
29,272
Trade and other payables: amounts falling due within one |
year |
(360)
(360)
4
28,912
4,725
Net current assets
Total assets less current liabilities |
4,825
29,012
4,825
Net assets
29,012
4
4
400
400
4,421
28,608
4,825
29,012
Shareholders' funds
For the year ended 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 of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006 |
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section |
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. |
The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. |
These financial statements were approved and authorised for issue by the Board on 29 November 2024 and were signed by: |
The notes form part of these financial statements |
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For the year ended 30 June 2024
Pier Terrace Holdings Limited
Notes to the Financial Statements
Statutory Information
Pier Terrace Holdings Limited is a private limited company, limited by shares, domiciled in England and Wales, |
registration number 00660718. |
Principal place of business: |
12 Pier Terrace
West Bay
Bridport
Dorset
DT6 4ER
Wessex House
66 High Street
Honiton
Devon
EX14 1PD
The presentation currency is £ sterling. |
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial |
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the |
Companies Act 2006. The financial statements have been prepared under the historical costs convention as |
modified by the revaluation of certain assets. |
Revenue recognition
Turnover is attributable to service charges receivable from the lessees.Service charges are set by the directors to recover the anticipated costs of maintaining the properties occupied by the lessess, who are also the shareholders. |
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Maintenance Reserve
The company is liable to ensure that certain areas, external to the flats, are kept in good repair and decorative order. |
This includes major redecorative work every few years. A reserve is maintained to cover the expected cost. |
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For the year ended 30 June 2024
Pier Terrace Holdings Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment |
100
100
100
100
3. Trade and other receivables |
2023
2024
Prepayments and accrued income |
2,079
1,672
4. Trade and other payables: amounts falling due within one year |
2023
2024
Accruals and deferred income |
360
360
5. Average number of persons employed |
During the year the average number of employees was 0
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