REGISTERED NUMBER: 09763935 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 September 2024

for

P & N Development & Investments Ltd

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Investment property

4

415,000

197,683

CURRENT ASSETS

Stocks

3,082,549

5,299,849

Debtors

5

308,195

78,535

Cash at bank

78

-

3,390,822

5,378,384

CREDITORS

Amounts falling due within one year

6

(2,218,924

)

(2,190,952

)

NET CURRENT ASSETS

1,171,898

3,187,432

TOTAL ASSETS LESS CURRENT LIABILITIES

1,586,898

3,385,115

CREDITORS

Amounts falling due after more than one year

7

(2,784,192

)

(3,423,751

)

NET LIABILITIES

(1,197,294

)

(38,636

)

CAPITAL AND RESERVES

Called up share capital

2

2

Fair value reserve

8

217,317

-

Retained earnings

(1,414,613

)

(38,638

)

(1,197,294

)

(38,636

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

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 24 September 2025 and were signed on its behalf by:

Mr N P Heather - Director

1.	STATUTORY INFORMATION

P & N Development & Investments Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

09763935

Registered office:

Westminster House

10 Westminster Road

Macclesfield

Cheshire

SK10 1BX

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 as modified by the revaluation of certain assets.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of VAT and trade discounts.

Turnover from the sale of goods and services are recognised when significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably. This is usually on delivery of the goods and services.

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.

Work in progress also includes the cost of borrowing.

3.	EMPLOYEES AND DIRECTORS

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

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 October 2023

197,683

Revaluations

217,317

At 30 September 2024

415,000

NET BOOK VALUE

At 30 September 2024

415,000

At 30 September 2023

197,683

Fair value at 30 September 2024 is represented by:

£

Valuation in 2024

217,317

Cost

197,683

415,000

Investment property value is based on valuation carried out by Trinity Rose Chartered Surveyors on 18th December 2024.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.24

30.9.23

£

£

Trade debtors

195

195

Other debtors

308,000

78,340

308,195

78,535

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.24

30.9.23

£

£

Trade creditors

407,154

574,920

Other creditors

1,811,770

1,616,032

2,218,924

2,190,952

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.9.24

30.9.23

£

£

Other creditors

2,784,192

3,423,751

8.

RESERVES

Fair

value

reserve

£

Revaluation in year

217,317

At 30 September 2024

217,317

9.	RELATED PARTY DISCLOSURES

P & N Development & Investments Limited has a number of associated companies and the balances due to them/from them were as follows:

The company was owed JNP Developments & Investments Ltd £224,140 (2023 -£162,700) at the year end.

The company was owed £73,343 (2023 £75,743) by N&J Management Limited at the year end.

The company owed Jonick Developments Limited £129,500 (2023 £126,530) at the year end.