| REGISTERED NUMBER: |
| Strategic Report, Report of the Directors and |
| Financial Statements |
| for the Year Ended 31 December 2024 |
| for |
| Peter James Homes Limited |
| REGISTERED NUMBER: |
| Strategic Report, Report of the Directors and |
| Financial Statements |
| for the Year Ended 31 December 2024 |
| for |
| Peter James Homes Limited |
| Peter James Homes Limited (Registered number: 08378877) |
| Contents of the Financial Statements |
| for the year ended 31 December 2024 |
| Page |
| Company Information | 1 |
| Strategic Report | 2 |
| Report of the Directors | 6 |
| Report of the Independent Auditors | 7 |
| Statement of Comprehensive Income | 10 |
| Balance Sheet | 11 |
| Statement of Changes in Equity | 12 |
| Notes to the Financial Statements | 13 |
| Peter James Homes Limited |
| Company Information |
| for the year ended 31 December 2024 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| SENIOR STATUTORY AUDITOR: |
| AUDITORS: |
| Statutory Auditors and |
| Chartered Accountants |
| Cawley House |
| 149-155 Canal Street |
| Nottingham |
| Nottinghamshire |
| NG1 7HR |
| Peter James Homes Limited (Registered number: 08378877) |
| Strategic Report |
| for the year ended 31 December 2024 |
| 1. Impact of the Ransomware Attack |
| Since the previous year-end, Peter James Homes Ltd experienced a significant ransomware attack on our central servers, leading to the loss of critical accounting and payroll data. This created substantial challenges in maintaining financial reporting and day-to-day operational efficiency. Despite proactive security measures, the attack resulted in the need for extensive data reconstruction, which placed additional strain on internal resources. |
| Following the swift notification and action of our IT support systems, the impact was minimised to the Servers but to prevent any latent malware being activated, a wholesale review and upgrade to storage and operating systems was undertaken immediately to enable all of our remote sites to remain operational. |
| Due to the professionalism and commitment of our Finance Department Team, we were able to maintain supplier payments and Payroll throughout the period. |
| Ultimately, we were able to recover all of the data that had been encrypted, without recourse to the attackers, which ultimately provides testament to the existing processes that were in place at the time. |
| We have now fully recovered from the event and have emerged with a new fully operational system that has recently been accredited to an industry recognised standard. |
| 2. Response and Recovery Efforts |
| In response to the attack, the company took was able to mitigate the impact by: |
| - Data Reconstruction: |
| We have been able to fully recover all encrypted date and restore this to new financial and payroll systems that were upgraded at the time. This was done by leveraging available backups, historical records, and external verification sources where necessary. |
| - IT and Cybersecurity Expertise : |
| We engaged cybersecurity specialists to assess the breach, advise on security modifications and restore date to more secure environments, along with additional security measures prevent further incidents. |
| - Operational Adjustments: |
| Temporary measures were put in place to ensure that payroll processing and financial reporting continued, uninterrupted. This ensured that minimal financial disruption was experienced by staff, suppliers and stakeholders both during and after the event. |
| 3. Risk Management and Future Mitigation |
| Recognising the severity of cybersecurity threats, the company is implementing robust measures to prevent similar incidents in the future, including: |
| - Enhanced Cybersecurity Infrastructure: |
| Strengthening IT security protocols, increasing system monitoring, and implementing advanced threat detection software. |
| - Data Backup and Redundancy: |
| Establishing more frequent and secure backup procedures, ensuring critical data is stored in multiple locations. |
| - Employee Training and Awareness: |
| Conducting regular cybersecurity training for employees to recognise and prevent potential threats. |
| - Strategic Investment in IT Security: |
| Allocating resources to enhance data protection and business continuity planning. |
| Despite these challenges, Peter James Homes Ltd remains committed to financial transparency and operational resilience. By addressing the vulnerabilities exposed by this incident, the Company is now stronger and better prepared for future risks. |
| Peter James Homes Limited (Registered number: 08378877) |
| Strategic Report |
| for the year ended 31 December 2024 |
| REVIEW OF BUSINESS |
| Peter James Homes Ltd remains committed to delivering high-quality residential developments, maintaining its strong reputation in the UK housing market. Despite a challenging economic environment, the company continued to progress with its development pipeline while adapting to market conditions. |
| Financial Performance |
| Revenue: Sales for the year totalled £11.6 million, reflecting steady demand for the company’s high-quality homes. |
| Profitability: The company reported a loss of £262k, primarily due to rising construction costs, supply chain challenges, and market conditions affecting pricing and sales rates. |
| Stock Position: At the year-end, stock was held at £13.7 million (cost), ensuring a strong development pipeline for future sales. |
| Cash Flow & Investment: The company maintained a stable financial position, continuing to invest in land and future developments despite short-term profitability pressures. |
| Operational Highlights |
| Project Completions: Key developments were successfully completed and delivered to buyers, demonstrating the company’s ability to execute projects efficiently. |
| Land & Development Pipeline: Strategic land acquisitions and planning progress secured future development opportunities, strengthening the business’s long-term outlook. |
| Sustainability & Innovation: The company continued to invest in energy-efficient housing and modern construction methods to align with environmental regulations and buyer expectations. |
| Market Conditions & Challenges |
| Housing Demand: While demand for new homes remained steady, affordability concerns, driven by higher mortgage rates and cost-of-living pressures, affected buyer confidence. |
| Cost & Supply Chain Management: Rising material and labour costs, coupled with supply chain disruptions, impacted project margins. The company implemented tighter cost controls and procurement strategies to mitigate these pressures. |
| Regulatory Compliance: Compliance with evolving building regulations and environmental standards remained a priority, ensuring that all developments meet high-quality and sustainability benchmarks. |
| Future Outlook |
| Looking ahead, Peter James Homes Ltd remains focused on: |
| Enhancing Profitability – Improving cost efficiencies and project management to strengthen margins. |
| Expanding Development Pipeline – Continuing strategic land acquisitions to support future growth. |
| Meeting Market Demand – Adapting to changing buyer trends by offering high-quality, energy-efficient homes in desirable locations. |
| Sustainability & Innovation – Further investment in sustainable building methods and technology to enhance long-term business resilience. |
| Despite industry-wide challenges, Peter James Homes Ltd remains well-positioned for future growth and confident in its ability to generate long-term value for stakeholders. |
| Peter James Homes Limited (Registered number: 08378877) |
| Strategic Report |
| for the year ended 31 December 2024 |
| PRINCIPAL RISKS AND UNCERTAINTIES |
| Peter James Homes Ltd operates in a dynamic market influenced by economic conditions, regulatory changes, and industry-specific risks. The Board actively monitors risks and implements mitigation strategies to ensure long-term resilience and business sustainability. |
| 1. Market and Economic Risks |
| Housing Market Conditions – Demand for new homes is influenced by economic factors, including interest rates, mortgage availability, and consumer confidence. A slowdown in the property market could impact sales and pricing. |
| Inflation and Cost Pressures – Rising material and labour costs have affected profitability. The company continues to focus on cost control, supply chain management, and value engineering to mitigate margin pressures. |
| 2. Financial Risks |
| Profitability and Cash Flow – The company reported a loss of £282k for the year, highlighting the need for careful financial management. Future losses or liquidity constraints could affect operations and investment plans. |
| Stock Management – At year-end, stock was valued at £13.7 million at cost. Managing stock levels efficiently is critical to ensure smooth cash flow and avoid excess capital being tied up in unsold developments. |
| Access to Funding – The availability and cost of financing for land acquisition and development remain key risks. The company maintains strong banking relationships and explores alternative funding options where necessary. |
| 3. Construction and Supply Chain Risks |
| Material Shortages and Price Volatility – Ongoing supply chain disruptions could impact project timelines and costs. The company actively engages with suppliers and contractors to secure materials and negotiate stable pricing. |
| Labour Availability – Skilled labour shortages in the construction sector could lead to project delays and increased costs. Investment in workforce planning and contractor relationships helps to mitigate this risk. |
| 4. Regulatory and Compliance Risks |
| Planning and Development Regulations – Changes in planning policies or delays in obtaining approvals could impact the company’s ability to deliver projects on time. The company works closely with local authorities to manage planning risks. |
| Environmental and Sustainability Requirements – Stricter regulations on energy efficiency, carbon emissions, and building materials could increase development costs. The company continues to invest in sustainable construction practices to ensure compliance. |
| 5. Cybersecurity and IT Risks |
| Data Security and System Reliability – The increasing reliance on digital systems exposes the company to cybersecurity threats. Measures are in place to enhance IT security, data protection, and business continuity planning. |
| Risk Mitigation and Strategic Response |
| The Board takes a proactive approach to risk management by: |
| Conducting regular financial and operational reviews. |
| Strengthening relationships with suppliers and contractors to ensure supply chain stability. |
| Implementing robust cost controls and financial planning to manage economic uncertainties. |
| Adopting sustainable construction methods to align with evolving regulatory requirements. |
| Investing in technology and security measures to protect business operations. |
| While the company faces challenges in the current economic climate, its proactive risk management strategies and commitment to quality and sustainability position it well for long-term success. |
| Peter James Homes Limited (Registered number: 08378877) |
| Strategic Report |
| for the year ended 31 December 2024 |
| STRATEGY |
| The company continues to keep customer satisfaction as a main priority. The improvement to efficiency, pursuing excellence, delivering projects safely and efficiently is key to achieving this. |
| We continue to invest in the business when appropriate, and to identify and invest in developments when opportunities arise. |
| ON BEHALF OF THE BOARD: |
| Peter James Homes Limited (Registered number: 08378877) |
| Report of the Directors |
| for the year ended 31 December 2024 |
| The directors present their report with the financial statements of the company for the year ended 31 December 2024. |
| PRINCIPAL ACTIVITY |
| The principal activity of the company in the year under review was that of house building and property developers. |
| DIVIDENDS |
| No dividends will be distributed for the year ended 31 December 2024. |
| DIRECTORS |
| The directors shown below have held office during the whole of the period from 1 January 2024 to the date of this report. |
| POLITICAL DONATIONS AND EXPENDITURE |
| All donations made during the year were non-political charitable donations. |
| STATEMENT OF DIRECTORS' RESPONSIBILITIES |
| The directors are responsible for preparing the Strategic Report, the Report of the Directors and the financial statements in accordance with applicable law and regulations. |
| Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to: |
| - | select suitable accounting policies and then apply them consistently; |
| - | make judgements and accounting estimates that are reasonable and prudent; |
| - | prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business. |
| The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. |
| STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS |
| So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and each director has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the company's auditors are aware of that information. |
| AUDITORS |
| The auditors, Clayton & Brewill, will be proposed for re-appointment at the forthcoming Annual General Meeting. |
| ON BEHALF OF THE BOARD: |
| Report of the Independent Auditors to the Members of |
| Peter James Homes Limited |
| Opinion |
| We have audited the financial statements of Peter James Homes Limited (the 'company') for the year ended 31 December 2024 which comprise the Statement of Comprehensive Income, Balance Sheet, Statement of Changes in Equity and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice). |
| In our opinion the financial statements: |
| - | give a true and fair view of the state of the company's affairs as at 31 December 2024 and of its loss for the year then ended; |
| - | have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and |
| - | have been prepared in accordance with the requirements of the Companies Act 2006. |
| Basis for opinion |
| We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. |
| Conclusions relating to going concern |
| In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. |
| Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. |
| Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report. |
| Other information |
| The directors are responsible for the other information. The other information comprises the information in the Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon. |
| Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. |
| In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard. |
| Opinions on other matters prescribed by the Companies Act 2006 |
| In our opinion, based on the work undertaken in the course of the audit: |
| - | the information given in the Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and |
| - | the Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements. |
| Report of the Independent Auditors to the Members of |
| Peter James Homes Limited |
| Matters on which we are required to report by exception |
| In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Report of the Directors. |
| We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion: |
| - | adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or |
| - | the financial statements are not in agreement with the accounting records and returns; or |
| - | certain disclosures of directors' remuneration specified by law are not made; or |
| - | we have not received all the information and explanations we require for our audit. |
| Responsibilities of directors |
| As explained more fully in the Statement of Directors' Responsibilities set out on page six, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. |
| In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so. |
| Auditors' responsibilities for the audit of the financial statements |
| Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. |
| The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below: |
| - Enquiry of management and those charged with governance around actual and potential litigation and claims; |
| - Reviewing financial statement disclosures and testing to supporting documentation to assess |
| compliance with applicable laws and regulations; |
| - Performing audit work over the risk of management override of controls, including testing of journal entries and other adjustments for appropriateness, evaluating the business rationale of significant transactions outside the normal course of business and reviewing accounting estimates for bias; |
| A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors. |
| Report of the Independent Auditors to the Members of |
| Peter James Homes Limited |
| Use of our report |
| This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed. |
| for and on behalf of |
| Statutory Auditors and |
| Chartered Accountants |
| Cawley House |
| 149-155 Canal Street |
| Nottingham |
| Nottinghamshire |
| NG1 7HR |
| Peter James Homes Limited (Registered number: 08378877) |
| Statement of Comprehensive |
| Income |
| for the year ended 31 December 2024 |
| 2024 | 2023 |
| Notes | £ | £ |
| TURNOVER |
| Cost of sales |
| GROSS PROFIT |
| Administrative expenses |
| 2,200 | 126,342 |
| Other operating income |
| OPERATING PROFIT | 5 |
| Interest receivable and similar income |
| 126,346 | 183,968 |
| Gain/loss on revaluation of investment property |
- |
160,865 |
| 126,346 | 344,833 |
| Interest payable and similar expenses | 6 |
| LOSS BEFORE TAXATION | ( |
) | ( |
) |
| Tax on loss | 7 | ( |
) |
| LOSS FOR THE FINANCIAL YEAR | ( |
) | ( |
) |
| OTHER COMPREHENSIVE INCOME | - | - |
| TOTAL COMPREHENSIVE INCOME FOR THE YEAR |
( |
) |
( |
) |
| Peter James Homes Limited (Registered number: 08378877) |
| Balance Sheet |
| 31 December 2024 |
| 2024 | 2023 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 8 |
| Investment property | 9 |
| CURRENT ASSETS |
| Stocks | 10 |
| Debtors | 11 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 12 |
| NET CURRENT ASSETS/(LIABILITIES) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CAPITAL AND RESERVES |
| Called up share capital | 15 |
| Retained earnings | 16 |
| SHAREHOLDERS' FUNDS |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| Peter James Homes Limited (Registered number: 08378877) |
| Statement of Changes in Equity |
| for the year ended 31 December 2024 |
| Called up |
| share | Retained | Total |
| capital | earnings | equity |
| £ | £ | £ |
| Balance at 1 January 2023 |
| Changes in equity |
| Total comprehensive income | - | ( |
) | ( |
) |
| Balance at 31 December 2023 |
| Changes in equity |
| Total comprehensive income | - | ( |
) | ( |
) |
| Balance at 31 December 2024 |
| Peter James Homes Limited (Registered number: 08378877) |
| Notes to the Financial Statements |
| for the year ended 31 December 2024 |
| 1. | STATUTORY INFORMATION |
| Peter James Homes Limited is a |
| 2. | STATEMENT OF COMPLIANCE |
| 3. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Financial Reporting Standard 102 - reduced disclosure exemptions |
| The company has taken advantage of the following disclosure exemption in preparing these financial statements, as permitted by FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland": |
| • | the requirements of Section 7 Statement of Cash Flows. |
| Related party exemption |
| The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group. |
| Turnover |
| Turnover is recognised at legal completion in respect of the total proceeds of building and development. An appropriate proportion of turnover from construction contracts is recognised by reference to the stage of completion of contract activity. Turnover is measured at the fair value of consideration received or receivable and represents the amounts receivable for the property, net of discounts and VAT. The sale proceeds of part-exchange properties are not included in turnover. |
| Tangible fixed assets |
| Plant and machinery | - |
| Fixtures and fittings | - |
| Investment property |
| Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss. |
| 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. |
| 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. |
| Peter James Homes Limited (Registered number: 08378877) |
| Notes to the Financial Statements - continued |
| for the year ended 31 December 2024 |
| 4. | EMPLOYEES AND DIRECTORS |
| 2024 | 2023 |
| £ | £ |
| Wages and salaries |
| Social security costs |
| Other pension costs |
| The average number of employees during the year was as follows: |
| 2024 | 2023 |
| Admin | 8 | 9 |
| Director | 1 | 1 |
| 2024 | 2023 |
| £ | £ |
| Directors' remuneration |
| Directors' pension contributions to money purchase schemes |
| 5. | OPERATING PROFIT |
| The operating profit is stated after charging: |
| 2024 | 2023 |
| £ | £ |
| Equipment Hire |
| Depreciation - owned assets |
| Auditors' remuneration |
| 6. | INTEREST PAYABLE AND SIMILAR EXPENSES |
| 2024 | 2023 |
| £ | £ |
| Bank interest |
| Bank loan interest |
| HMRC interest |
| 7. | TAXATION |
| Analysis of the tax credit |
| The tax credit on the loss for the year was as follows: |
| 2024 | 2023 |
| £ | £ |
| Current tax: |
| Prior year | (123,763 | ) | - |
| Tax on loss | ( |
) |
| Peter James Homes Limited (Registered number: 08378877) |
| Notes to the Financial Statements - continued |
| for the year ended 31 December 2024 |
| 7. | TAXATION - continued |
| Reconciliation of total tax credit included in profit and loss |
| The tax assessed for the year is lower than the standard rate of corporation tax in the UK. The difference is explained below: |
| 2024 | 2023 |
| £ | £ |
| Loss before tax | ( |
) | ( |
) |
| Loss multiplied by the standard rate of corporation tax in the UK of |
( |
) |
( |
) |
| Effects of: |
| Expenses not deductible for tax purposes |
| Depreciation in excess of capital allowances |
| Utilisation of tax losses | ( |
) |
| Adjustments to tax charge in respect of previous periods | ( |
) |
| Group relief | 95,455 | 45,499 |
| Losses carried forward | - | 56,020 |
| Total tax credit | (123,763 | ) | - |
| 8. | TANGIBLE FIXED ASSETS |
| Fixtures |
| Plant and | and |
| machinery | fittings | Totals |
| £ | £ | £ |
| COST |
| At 1 January 2024 |
| and 31 December 2024 |
| DEPRECIATION |
| At 1 January 2024 |
| Charge for year |
| At 31 December 2024 |
| NET BOOK VALUE |
| At 31 December 2024 |
| At 31 December 2023 |
| 9. | INVESTMENT PROPERTY |
| Total |
| £ |
| FAIR VALUE |
| At 1 January 2024 |
| Disposals | ( |
) |
| At 31 December 2024 |
| NET BOOK VALUE |
| At 31 December 2024 |
| At 31 December 2023 |
| Peter James Homes Limited (Registered number: 08378877) |
| Notes to the Financial Statements - continued |
| for the year ended 31 December 2024 |
| 10. | STOCKS |
| 2024 | 2023 |
| £ | £ |
| Work-in-progress |
| 11. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2024 | 2023 |
| £ | £ |
| Trade debtors |
| Amounts owed by group undertakings |
| Other debtors |
| VAT |
| Prepayments and accrued income |
| 12. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2024 | 2023 |
| £ | £ |
| Bank loans and overdrafts (see note 13) |
| Trade creditors |
| Amounts owed to group undertakings |
| Tax |
| Social security and other taxes |
| Other creditors |
| Accrued expenses |
| 13. | LOANS |
| An analysis of the maturity of loans is given below: |
| 2024 | 2023 |
| £ | £ |
| Amounts falling due within one year or on demand: |
| Bank overdrafts |
| Bank loans |
| 14. | SECURED DEBTS |
| The following secured debts are included within creditors: |
| 2024 | 2023 |
| £ | £ |
| Bank loans |
| On 26th June 2018 a debenture with United Trust Bank Limited was created, placing a fixed and floating charge over the land off The Garage, Drovers Way, Ambergate, Belper, DE56 2EZ. |
| On 5th February 2021 a debenture with United Trust Bank Limited was created, placing a fixed and floating charge over the land off Bullbridge Hill, Ambergate, DE26 2EW. |
| On 22nd September 2022 a debenture with United Trust Bank Limited was created, placing a fixed and floating charge over the land known as Coventry Lane, Bramcote, Nottingham, NG9 3GJ. |
| Peter James Homes Limited (Registered number: 08378877) |
| Notes to the Financial Statements - continued |
| for the year ended 31 December 2024 |
| 15. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2024 | 2023 |
| value: | £ | £ |
| Ordinary | 1 | 100 | 100 |
| 16. | RESERVES |
| Retained |
| earnings |
| £ |
| At 1 January 2024 |
| Deficit for the year | ( |
) |
| At 31 December 2024 |
| 17. | ULTIMATE PARENT COMPANY |
| McCann Holdings Limited is regarded by the directors as being the company's ultimate parent company. |
| 18. | ULTIMATE CONTROLLING PARTY |
| The ultimate controlling party is |