VILLAGE PETERLEE LTD


Director	DUNN, Shaun Mark


Registered Address	62 Cauldwell Avenue
	Whitley Bay
	NE25 9RW


Registered Number	13486278 (England and Wales)

Balance Sheet as at
31 March 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Investment property	3		2,425,889		1,919,201
			2,425,889		1,919,201
Current assets
Debtors	5	21,191		42,566
Cash at bank and on hand		2		35,080
		21,193		77,646
Creditors amounts falling due within one year	6	(316,554)		(1,835,915)
Net current assets (liabilities)			(295,361)		(1,758,269)
Total assets less current liabilities			2,130,528		160,932
Creditors amounts falling due after one year	7		(2,539,778)		(426,915)
Net assets			(409,250)		(265,983)
Capital and reserves
Called up share capital			100		100
Profit and loss account			(409,350)		(266,083)
Shareholders' funds			(409,250)		(265,983)

The company was entitled to exemption from audit for this reporting period 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 Director acknowledges 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 in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Director on 22 December 2025, and are signed on its behalf by:

DUNN, Shaun Mark
Director
Registered Company No. 13486278

VILLAGE PETERLEE LTD

Notes to the Financial Statements
for the year ended 31 March 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

	Borrowing costs
	Borrowing costs directly attributable to the acquisition, construction or production of qualifying assets, which are assets that necessarily take a substantial period of time to get ready for their intended use or sale, are added to the cost of those assets, until such time as the assets are substantially ready for their intended use or sale. Investment income earned on the temporary investment of specific borrowings pending their expenditure on qualifying assets is deducted from the borrowing costs eligible for capitalisation. All other borrowing costs are recognised in profit or loss in the period in which they are incurred.

Borrowing costs

Borrowing costs directly attributable to the acquisition, construction or production of qualifying assets, which are assets that necessarily take a substantial period of time to get ready for their intended use or sale, are added to the cost of those assets, until such time as the assets are substantially ready for their intended use or sale.

Investment income earned on the temporary investment of specific borrowings pending their expenditure on qualifying assets is deducted from the borrowing costs eligible for capitalisation. All other borrowing costs are recognised in profit or loss in the period in which they are incurred.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Investment property
	The investment property is accounted for under FRS 102, Section 16 Investment Property. Investment property is remeasured to fair value at each balance sheet date with fair value gains and losses being reported in profit or loss. Investment properties are valued using RICS open market valuation on a freehold basis.

	Stocks and work in progress
	Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss. Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.

Stocks and work in progress

Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss.

Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.

	Related parties
	For the purposes of these financial statements, a related party could be a person or an entity. Careful consideration is given to the definition of a related party to ensure that all related party relationships, transactions and balances are identified.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	1		1

3.	Investment property


		£
	Fair value at 01 April 24	1,919,201
	Additions	506,688
	At 31 March 25	2,425,889

4.	Stocks

5.	Debtors: amounts due within one year

	2025	2024
	£	£
Trade debtors / trade receivables	4,421	417
Amounts owed by group undertakings	15,930	10,730
Other debtors	840	31,419
Total	21,191	42,566

6.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	6,151	13,180
Bank borrowings and overdrafts	-	1,649,353
Amounts owed to related parties	297,538	172,782
Taxation and social security	12,115	-
Accrued liabilities and deferred income	750	600
Total	316,554	1,835,915

7.	Creditors: amounts due after one year

	2025	2024
	£	£
Bank borrowings and overdrafts	2,505,833	-
Other creditors	33,945	426,915
Total	2,539,778	426,915

8.	Related party transactions
	During the period, the company made and received interest free loans to and from group companies. At the end of the period, the following loans were owed to Village Peterlee Ltd: Elmtree Gardens (NE) Ltd - £230 Village Peterlee Ltd - £15,700 The following loans were owed to related parties: B Village Ltd - £15,000 Endeavour Living Ltd - £222,200 Endeavour Property (Holdings) Ltd - £1,190 SNH Homes Ltd - £56,480

Related party transactions

During the period, the company made and received interest free loans to and from group companies. At the end of the period, the following loans were owed to Village Peterlee Ltd:

Elmtree Gardens (NE) Ltd - £230
Village Peterlee Ltd - £15,700

The following loans were owed to related parties:

B Village Ltd - £15,000
Endeavour Living Ltd - £222,200
Endeavour Property (Holdings) Ltd - £1,190
SNH Homes Ltd - £56,480