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REGISTERED NUMBER: 14257087 (England and Wales)















Pearcroft Homes Ltd

Unaudited Financial Statements

for the Year Ended 31 January 2025






Pearcroft Homes Ltd (Registered number: 14257087)






Contents of the Financial Statements
for the Year Ended 31 January 2025




Page

Company Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 4


Pearcroft Homes Ltd

Company Information
for the Year Ended 31 January 2025







DIRECTORS: M A Balm
K M Harris



REGISTERED OFFICE: 4 King Square
Bridgwater
Somerset
TA6 3YF



REGISTERED NUMBER: 14257087 (England and Wales)



ACCOUNTANTS: Maxwells
Chartered Accountants
4 King Square
Bridgwater
Somerset
TA6 3YF



BANKERS: Metro Bank
One Southampton Row
London
WC1B 5HA

Pearcroft Homes Ltd (Registered number: 14257087)

Abridged Statement of Financial Position
31 January 2025

31.1.25 31.1.24
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 102,847 1,200

CURRENT ASSETS
Debtors 641,905 160,150
Cash at bank and in hand 51,767 177,931
693,672 338,081
CREDITORS
Amounts falling due within one year 404,764 188,427
NET CURRENT ASSETS 288,908 149,654
TOTAL ASSETS LESS CURRENT
LIABILITIES

391,755

150,854

CREDITORS
Amounts falling due after more than one
year

(91,807

)

-

PROVISIONS FOR LIABILITIES 7 (8,922 ) (286 )
NET ASSETS 291,026 150,568

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 290,926 150,468
SHAREHOLDERS' FUNDS 291,026 150,568

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 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.

Pearcroft Homes Ltd (Registered number: 14257087)

Abridged Statement of Financial Position - continued
31 January 2025


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Statement of Financial Position for the year ended 31 January 2025 in accordance with Section 444(2A) of the Companies Act 2006.

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 3 March 2025 and were signed on its behalf by:





M A Balm - Director


Pearcroft Homes Ltd (Registered number: 14257087)

Notes to the Financial Statements
for the Year Ended 31 January 2025

1. STATUTORY INFORMATION

Pearcroft Homes 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.

The financial statements have been prepared in accordance with applicable accounting standards and estimation techniques.

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.
Plant and machinery - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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.

Pearcroft Homes Ltd (Registered number: 14257087)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2025

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2024 - 4 ) .

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 February 2024 1,500
Additions 135,634
At 31 January 2025 137,134
DEPRECIATION
At 1 February 2024 300
Charge for year 33,987
At 31 January 2025 34,287
NET BOOK VALUE
At 31 January 2025 102,847
At 31 January 2024 1,200

6. LOANS

An analysis of the maturity of loans is given below:

31.1.25 31.1.24
£    £   
Amounts falling due within one year or on demand:
Other loans 85,387 24,305

7. PROVISIONS FOR LIABILITIES
31.1.25 31.1.24
£    £   
Deferred tax 8,922 286

Deferred
tax
£   
Balance at 1 February 2024 286
Charge to Income Statement during year 8,636
Balance at 31 January 2025 8,922

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.25 31.1.24
value: £    £   
100 Ordinary £1 100 100

Pearcroft Homes Ltd (Registered number: 14257087)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2025

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 January 2025 and 31 January 2024:

31.1.25 31.1.24
£    £   
K M Harris
Balance outstanding at start of year 42,832 -
Amounts repaid (42,832 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 42,832

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is the company's directors, Martyn Balm and Kevin Harris.