Pipers Projects Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 02924619 (England and Wales)

Unaudited Financial Statements

for the Period 1 November 2017 to 30 June 2018

for

Pipers Projects Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Chartered Accountants' Report

6

DIRECTORS:

N P McKeogh

P M McKeogh

REGISTERED OFFICE:

16 Beaufort Court

Admirals Way

Docklands

London

E14 9XL

REGISTERED NUMBER:

02924619 (England and Wales)

ACCOUNTANTS:

RBS Accountants Limited

16 Beaufort Court

Admirals Way

London

Docklands

London

E14 9XL

FIXED ASSETS

Tangible assets

4

528,915

579,434

CURRENT ASSETS

Debtors

5

1,521,073

1,607,013

Cash at bank and in hand

76,710

975,355

1,597,783

2,582,368

CREDITORS

Amounts falling due within one year

6

1,800,177

2,910,775

NET CURRENT LIABILITIES

(202,394

)

(328,407

)

TOTAL ASSETS LESS CURRENT LIABILITIES

326,521

251,027

PROVISIONS FOR LIABILITIES

83,672

85,468

NET ASSETS

242,849

165,559

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

241,849

164,559

SHAREHOLDERS' FUNDS

242,849

165,559

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 June 2018.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 June 2018 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 on 1 March 2019 and were signed on its behalf by:

N P McKeogh - Director

1.	STATUTORY INFORMATION

Pipers Projects Limited is a private company, limited by shares , registered in England and Wales. The

company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents net invoiced sales of services, excluding value added tax. Income is recognised as services

are performed and as the events take place. Income invoiced in the year for services and events that take place

after the year end has been deferred.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property

-

25% on cost and 15% on cost

Models

-

at varying rates on cost

Fixtures and fittings

-

25% on cost

Computer equipment

-

33% on cost for computer equipment

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that

have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the

timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they

will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Going concern

Even though the company is in a net liability position, the directors' are satisfied that the company will be able to

meet it's obligations as they fall due. Hence the directors' believe that the accounts should be prepared on a going

concern basis.

Pension costs

The company contributes to individual employee's workplace personal pension plans. Contributions payable are

charged to the income statement in the period to which they relate to. The assets of the plan are held separately

from those of the company in independently administered funds.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 64 (2017 - 65 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

and

property

Models

fittings

£

£

£

COST

At 1 November 2017

139,230

1,626,297

53,435

Additions

-

-

1,708

Disposals

(139,230

)

-

-

At 30 June 2018

-

1,626,297

55,143

DEPRECIATION

At 1 November 2017

139,230

1,104,996

25,765

Charge for period

-

37,051

6,823

Eliminated on disposal

(139,230

)

-

-

At 30 June 2018

-

1,142,047

32,588

NET BOOK VALUE

At 30 June 2018

-

484,250

22,555

At 31 October 2017

-

521,301

27,670

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 November 2017

5,833

187,658

2,012,453

Additions

-

4,824

6,532

Disposals

(5,833

)

-

(145,063

)

At 30 June 2018

-

192,482

1,873,922

DEPRECIATION

At 1 November 2017

2,916

160,112

1,433,019

Charge for period

-

10,260

54,134

Eliminated on disposal

(2,916

)

-

(142,146

)

At 30 June 2018

-

170,372

1,345,007

NET BOOK VALUE

At 30 June 2018

-

22,110

528,915

At 31 October 2017

2,917

27,546

579,434

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.18

31.10.17

£

£

Trade debtors

406,082

327,417

Amounts owed by group undertakings

216,862

177,990

Other debtors

839,959

1,048,376

Accrued income

21,362

-

Prepayments

36,808

53,230

1,521,073

1,607,013

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.18

31.10.17

£

£

Trade creditors

371,919

325,684

Social security and other taxes

50,945

51,957

VAT

80,803

284,466

Other creditors

8,611

6,809

Deferred income

1,283,869

2,192,468

Directors' current accounts

48

78

Accrued expenses

3,982

49,313

1,800,177

2,910,775

7.	RELATED PARTY DISCLOSURES

During the year the company declared dividends of £20,000 to Mr NP McKeogh, Mr PM McKeogh and Mr MF

McKeogh the 100% shareholders of the company.

8.	ULTIMATE CONTROLLING PARTY

The controlling party is M F McKeogh.

The following reproduces the text of the report prepared for the directors in respect of the company's annual

unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file

a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the

Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Pipers Projects Limited for the period ended 30 June 2018 which comprise the Income

Statement, Balance Sheet and the related notes from the company's accounting records and from information and

explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Pipers Projects Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Pipers Projects Limited and state those matters that we have agreed to state to the Board of Directors of Pipers Projects Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Pipers Projects Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Pipers Projects Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Pipers Projects Limited. You consider that Pipers Projects Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of Pipers Projects Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

RBS Accountants Limited

16 Beaufort Court

Admirals Way

London

Docklands

London

E14 9XL

Date: .............................................