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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
Page
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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
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Pierre Developments (York Place) Ltd Statement of financial position as at 30 November 2024
2024 
2023 
Notes
£ 
£ 
Current assets
Inventories
1,525,818 
1,491,738 
Cash at bank and in hand
102 
- 
1,525,920 
1,491,738 
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
Other provisions
(2,825)
- 
Net liabilities
(462,801)
(268,491)
Capital and reserves
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
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Pierre Developments (York Place) Ltd Notes to the Accounts for the year ended 30 November 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Financial instruments
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 
VAT
3,764 
52 
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 
Accruals
850 
850 
520,896 
1,760,229 
5
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
1,465,000 
- 
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.
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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 
£ 
£ 
Peter Evans
Lendco Limited
1,195,000 
- 
Syndicated loan
270,000 
- 
Andrew Caine
Lendco Limited
1,195,000 
- 
Syndicated loan
270,000 
- 
2,930,000 
- 
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).
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