PCH Developments Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08532183 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 May 2021

for

PCH Developments Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mrs K McKenna

SECRETARY:

J M Henry

REGISTERED OFFICE:

302 Cirencester Business Park

Love Lane

Cirencester

Gloucestershire

GL7 1XD

REGISTERED NUMBER:

08532183 (England and Wales)

ACCOUNTANTS:

Accounting by Design (UK) Limited

302 Cirencester Bsness Park

Love Lane

Cirencester

Gloucestershire

GL7 1XD

FIXED ASSETS

Tangible assets

4

183

365

CURRENT ASSETS

Debtors

5

41,598

202,489

Cash at bank

387,849

240,554

429,447

443,043

CREDITORS

Amounts falling due within one year

6

5,676

2,948

NET CURRENT ASSETS

423,771

440,095

TOTAL ASSETS LESS CURRENT LIABILITIES

423,954

440,460

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

423,953

440,459

SHAREHOLDERS' FUNDS

423,954

440,460

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2021 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 director and authorised for issue on 31 May 2022 and were signed by:

Mrs K McKenna - Director

1.	STATUTORY INFORMATION

PCH Developments Ltd 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 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.

Tangible fixed assets

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

Plant and machinery etc

-

25% on cost

Taxation

Taxation for the year 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 year 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2020 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 June 2020

and 31 May 2021

1,121

DEPRECIATION

At 1 June 2020

756

Charge for year

182

At 31 May 2021

938

NET BOOK VALUE

At 31 May 2021

183

At 31 May 2020

365

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.21

31.5.20

£

£

Other debtors

41,598

202,489

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.21

31.5.20

£

£

Trade creditors

2,669

-

Taxation and social security

227

394

Other creditors

2,780

2,554

5,676

2,948