Great Pride Developments Limited - Accounts to registrar (filleted) - small 22.3

Great Pride Developments Limited - Accounts to registrar (filleted) - small 22.3

GREAT PRIDE DEVELOPMENTS LIMITED - Company Information

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REGISTERED NUMBER: 04597004 (England and Wales)





















GREAT PRIDE DEVELOPMENTS LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2022






GREAT PRIDE DEVELOPMENTS LIMITED (REGISTERED NUMBER: 04597004)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2022










Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


GREAT PRIDE DEVELOPMENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2022







DIRECTORS: S P Partridge
Mrs R Partridge





SECRETARY: S P Partridge





REGISTERED OFFICE: 22-24 Harborough Road
Kingsthorpe
Northampton
NN2 7AZ





REGISTERED NUMBER: 04597004 (England and Wales)





ACCOUNTANTS: Phipps Henson McAllister
Chartered Accountants
22-24 Harborough Road
Kingsthorpe
Northampton
NN2 7AZ
Page 1
GREAT PRIDE DEVELOPMENTS LIMITED (REGISTERED NUMBER: 04597004)

BALANCE SHEET
30 NOVEMBER 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,110 4,147

CURRENT ASSETS
Debtors 5 4,553 4,951
Cash at bank 54,688 40,929
59,241 45,880
CREDITORS
Amounts falling due within one year 6 59,290 45,459
NET CURRENT (LIABILITIES)/ASSETS (49 ) 421
TOTAL ASSETS LESS CURRENT LIABILITIES 3,061 4,568

PROVISIONS FOR LIABILITIES 591 788
NET ASSETS 2,470 3,780

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 2,370 3,680
SHAREHOLDERS' FUNDS 2,470 3,780

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2022 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 notes on pages 4 to 6 form part of these financial statements

Page 2
GREAT PRIDE DEVELOPMENTS LIMITED (REGISTERED NUMBER: 04597004)

BALANCE SHEET - continued
30 NOVEMBER 2022


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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 March 2023 and were signed on its behalf by:





S P Partridge - Director


The notes on pages 4 to 6 form part of these financial statements

Page 3
GREAT PRIDE DEVELOPMENTS LIMITED (REGISTERED NUMBER: 04597004)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2022


1. STATUTORY INFORMATION

Great Pride Developments 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.
Tools & Equipment - 25% on reducing balance
Motor vehicles - 25% on reducing balance

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.

Page 4
GREAT PRIDE DEVELOPMENTS LIMITED (REGISTERED NUMBER: 04597004)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2022


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Debtors and creditors
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2021 - 1 ) .

4. TANGIBLE FIXED ASSETS
Tools & Motor
Equipment vehicles Totals
£    £    £   
COST
At 1 December 2021
and 30 November 2022 4,982 13,628 18,610
DEPRECIATION
At 1 December 2021 4,462 10,001 14,463
Charge for year 130 907 1,037
At 30 November 2022 4,592 10,908 15,500
NET BOOK VALUE
At 30 November 2022 390 2,720 3,110
At 30 November 2021 520 3,627 4,147

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Other debtors 4,553 4,951

Page 5
GREAT PRIDE DEVELOPMENTS LIMITED (REGISTERED NUMBER: 04597004)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2022


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade creditors 2,011 2,807
Corporation tax 6,927 3,605
Social security and other taxes 248 502
VAT 6,116 3,757
Directors' current accounts 39,824 30,828
Accruals and deferred income 4,164 3,960
59,290 45,459

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2022 2021
value: £    £   
100 Ordinary £1 100 100

Page 6