PINEHURST PARK HOMES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 MARCH 2024
4.TANGIBLE FIXED ASSETS (CONTINUED)
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PINEHURST PARK HOMES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 MARCH 2024
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PINEHURST PARK HOMES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 MARCH 2024
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PINEHURST PARK HOMES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 MARCH 2024
A prior year adjustment has been recognised to move costs previously recognised in the Directors Loan Account to a fellow group company. The effect of this adjustment has reduced the amounts owed from the Director by £32,000 and increased amounts owed from group companies by £32,000.
The company is jointly and severally liable in respect of the group's bank loan facilities, which amounted to £13,673,544 as at 31 March 2024 (2023 - £12,427,559). A debenture is secured over group assets.
As of the balance sheet date the controlling party is H & S Simmons Limited, by virtue of its 100% shareholding.
The Ultimate Controlling Party is Mr H Simmons and Mrs G Simmons by virtue of their joint shareholding in H & S Simmons Limited.
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