REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Period 27 July 2023 to 31 July 2024 |
for |
Peacehaven Homes Ltd |
REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Period 27 July 2023 to 31 July 2024 |
for |
Peacehaven Homes Ltd |
Peacehaven Homes Ltd (Registered number: 15033267) |
Contents of the Financial Statements |
for the Period 27 July 2023 to 31 July 2024 |
Page |
Balance Sheet | 1 |
Notes to the Financial Statements | 2 |
Peacehaven Homes Ltd (Registered number: 15033267) |
Balance Sheet |
31 July 2024 |
Notes | £ |
Fixed assets |
Tangible assets | 4 |
Current assets |
Debtors | 5 |
Cash at bank |
Creditors |
Amounts falling due within one year | 6 | ( |
) |
Net current liabilities | ( |
) |
Total assets less current liabilities | ( |
) |
Reserves |
Retained earnings | ( |
) |
( |
) |
The director acknowledges his 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. |
The financial statements were approved by the director and authorised for issue on |
Peacehaven Homes Ltd (Registered number: 15033267) |
Notes to the Financial Statements |
for the Period 27 July 2023 to 31 July 2024 |
1. | Statutory information |
Peacehaven Homes Ltd is a |
Registered number: |
Registered office: |
2. | Accounting policies |
Basis of preparing the financial statements |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
Revenue is recognised over time as performance obligations under residential construction contracts are satisfied. These typically relate to key build stages, including groundwork, structural completion, roofing, and internal finishes. Each stage represents a distinct obligation under the contract. |
Revenue is measured based on the agreed contract price and recognised upon sign-off of each stage by the client or surveyor, when the company has an enforceable right to payment. |
Where revenue has been recognised but not invoiced, a contract asset is recorded. Payments received in advance are recognised as contract liabilities. |
The company does not capitalise costs to obtain or fulfil contracts and no significant financing components are present in contract terms. |
Tangible fixed assets |
Depreciation is provided in order to write off each asset over its estimated useful life. |
Taxation |
Taxation for the period 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. |
Peacehaven Homes Ltd (Registered number: 15033267) |
Notes to the Financial Statements - continued |
for the Period 27 July 2023 to 31 July 2024 |
2. | Accounting policies - continued |
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 period 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. |
3. | Employees and directors |
The average number of employees during the period was |
4. | Tangible fixed assets |
Plant and |
machinery |
etc |
£ |
Cost |
Additions |
At 31 July 2024 |
Depreciation |
Charge for period |
At 31 July 2024 |
Net book value |
At 31 July 2024 |
5. | Debtors: amounts falling due within one year |
£ |
Trade debtors |
Other debtors |
6. | Creditors: amounts falling due within one year |
£ |
Trade creditors |
Taxation and social security |
Other creditors |