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REGISTERED NUMBER: 12372715 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2024

for

Premier Home Developments Ltd

Premier Home Developments Ltd (Registered number: 12372715)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Premier Home Developments Ltd

Company Information
for the Year Ended 31 December 2024







DIRECTORS: J P Bascombe
L M Hawkesworth





REGISTERED OFFICE: 34 Abraham Drive
Poole
Dorset
BH15 4FU





REGISTERED NUMBER: 12372715 (England and Wales)





ACCOUNTANT: Richard Allen & Associates
21 Church Road
Parkstone
Poole
Dorset
BH14 8UF

Premier Home Developments Ltd (Registered number: 12372715)

Balance Sheet
31 December 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 10,864 10,926

CURRENT ASSETS
Stocks 14,263 -
Debtors 5 11,041 12,080
Cash at bank 58,175 37,699
83,479 49,779
CREDITORS
Amounts falling due within one year 6 40,649 33,640
NET CURRENT ASSETS 42,830 16,139
TOTAL ASSETS LESS CURRENT
LIABILITIES

53,694

27,065

CREDITORS
Amounts falling due after more than one
year

7

(19,291

)

(23,504

)

PROVISIONS FOR LIABILITIES (2,535 ) (2,076 )
NET ASSETS 31,868 1,485

CAPITAL AND RESERVES
Called up share capital 4 4
Retained earnings 31,864 1,481
SHAREHOLDERS' FUNDS 31,868 1,485

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 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.

Premier Home Developments Ltd (Registered number: 12372715)

Balance Sheet - continued
31 December 2024


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

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 20 May 2025 and were signed on its behalf by:





J P Bascombe - Director


Premier Home Developments Ltd (Registered number: 12372715)

Notes to the Financial Statements
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

Premier Home Developments 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. ACCOUNTING POLICIES

Basis of preparing the financial statements
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. The financial statements have been prepared under the historical cost convention.

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 etc - 33% on cost and 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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 balance sheet date.

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 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

Premier Home Developments Ltd (Registered number: 12372715)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2024 16,357
Additions 2,463
At 31 December 2024 18,820
DEPRECIATION
At 1 January 2024 5,431
Charge for year 2,525
At 31 December 2024 7,956
NET BOOK VALUE
At 31 December 2024 10,864
At 31 December 2023 10,926

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 90 -
Other debtors 10,951 12,080
11,041 12,080

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 4,209 4,206
Trade creditors 2,492 7,245
Taxation and social security 32,802 21,588
Other creditors 1,146 601
40,649 33,640

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 19,291 23,504