Company Registration No. 13868559 (England and Wales)
Pierre Developments (York Place) Ltd
Unaudited accounts
for the year ended 30 November 2024
Pierre Developments (York Place) Ltd
Unaudited accounts
Contents
Pierre Developments (York Place) Ltd
Company Information
for the year ended 30 November 2024
Directors
Peter Evans
Andrew Caine
Company Number
13868559 (England and Wales)
Registered Office
Suite 17
13 Micklegate
YORK
YO1 6RA
ENGLAND
Accountants
RAE Business Services (Yorkshire) Limited
First Floor
85 Great Portland Street
London
W1W 7LT
Pierre Developments (York Place) Ltd
Statement of financial position
as at 30 November 2024
Inventories
1,525,818
1,491,738
Cash at bank and in hand
102
-
Creditors: amounts falling due within one year
(520,896)
(1,760,229)
Net current assets/(liabilities)
1,005,024
(268,491)
Total assets less current liabilities
1,005,024
(268,491)
Creditors: amounts falling due after more than one year
(1,465,000)
-
Provisions for liabilities
Net liabilities
(462,801)
(268,491)
Called up share capital
10
10
Profit and loss account
(462,811)
(268,501)
Shareholders' funds
(462,801)
(268,491)
For the year ending 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 19 August 2025 and were signed on its behalf by
Peter Evans
Director
Company Registration No. 13868559
Pierre Developments (York Place) Ltd
Notes to the Accounts
for the year ended 30 November 2024
Pierre Developments (York Place) Ltd is a private company, limited by shares, registered in England and Wales, registration number 13868559. The registered office is Suite 17, 13 Micklegate, YORK, YO1 6RA, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
The directors have adopted the policy of expensing accrued interest in line with section 25, FRS 102
4
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
-
1,441,800
Amounts owed to group undertakings and other participating interests
318,840
282,206
Other creditors
36,000
2,825
Loans from directors
161,442
32,496
5
Creditors: amounts falling due after more than one year
2024
2023
Within Creditors due after one year is a loan from Lendco Limited for £1,195,000, which is secured by 1st legal charge against the property held by the company.
There is also a syndicated loan from Mohawk Associates Limited of £100,000, Janet Kirk of £100,000 and Thomas David Frank of £70,000.
Pierre Developments (York Place) Ltd
Notes to the Accounts
for the year ended 30 November 2024
6
Guarantees provided on behalf of directors
Maximum Liability Under Guarantees
Amount paid and liability incurred
Lendco Limited
1,195,000
-
Syndicated loan
270,000
-
Lendco Limited
1,195,000
-
Personal guarantees provided for the external loans of the company
7
Transactions with related parties
The company owes Pierre Developments (Holdings) Limited £316,840, no interest has been charged and the loan is repayable on demand.
8
Average number of employees
During the year the average number of employees was 0 (2023: 0).