Premier Mobile Homes Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 09310518 (England and Wales)

Financial Statements for the Year Ended 30 November 2020

for

Premier Mobile Homes Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

P O'Donnell

REGISTERED OFFICE:

3 Homer Street

London

W1H 4NP

REGISTERED NUMBER:

09310518 (England and Wales)

FIXED ASSETS

Tangible assets

4

241,625

195,898

CURRENT ASSETS

Debtors

5

6,250

2,460

Cash at bank and in hand

58,963

28,065

65,213

30,525

CREDITORS

Amounts falling due within one year

6

39,251

26,096

NET CURRENT ASSETS

25,962

4,429

TOTAL ASSETS LESS CURRENT LIABILITIES

267,587

200,327

CREDITORS

Amounts falling due after more than one year

7

115,000

70,000

NET ASSETS

152,587

130,327

CAPITAL AND RESERVES

Called up share capital

10

10

Retained earnings

152,577

130,317

SHAREHOLDERS' FUNDS

152,587

130,327

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2020 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 August 2021 and were signed by:

P O'Donnell - Director

1.	STATUTORY INFORMATION

Premier Mobile Homes 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 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

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 NIL (2019 - NIL).

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 December 2019

297,511

2,731

300,242

Additions

79,672

828

80,500

At 30 November 2020

377,183

3,559

380,742

DEPRECIATION

At 1 December 2019

103,078

1,266

104,344

Charge for year

34,314

459

34,773

At 30 November 2020

137,392

1,725

139,117

NET BOOK VALUE

At 30 November 2020

239,791

1,834

241,625

At 30 November 2019

194,433

1,465

195,898

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.20

30.11.19

£

£

Trade debtors

6,250

2,460

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.20

30.11.19

£

£

Trade creditors

2,401

8,618

Taxation and social security

33,892

15,279

Other creditors

2,958

2,199

39,251

26,096

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.11.20

30.11.19

£

£

Bank loans

50,000

-

Other creditors

65,000

70,000

115,000

70,000

8.	ULTIMATE CONTROLLING PARTY

The controlling party is P O'Donnell.