Piper Homes (Ebrington) Ltd Filleted accounts for Companies House (small and micro)

PIPER HOMES (EBRINGTON) LTD - Company Information

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COMPANY REGISTRATION NUMBER: 10767484

Piper Homes (Ebrington) Ltd

Filleted Unaudited Financial Statements

31 December 2022

Piper Homes (Ebrington) Ltd

Statement of Financial Position

31 December 2022

	2022	2021
Note	£	£

Current assets

Debtors	4	7	7
		----	----
Net current assets		7	7
		----	----
Total assets less current liabilities		7	7
		----	----

Capital and reserves

Called up share capital	7	7
	----	----
Shareholders funds	7	7
	----	----

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 December 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 19 September 2023 , and are signed on behalf of the board by:

Mr R Parkin
Director

Company registration number: 10767484

Piper Homes (Ebrington) Ltd

Notes to the Financial Statements

Year ended 31 December 2022

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 4 Hockley Court, Stratford Road, Hockley Heath, Solihull, B94 6NW.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.

Disclosure exemptions

The entity satisfies the criteria of being a qualifying entity as defined in FRS 102. As such, advantage has been taken of the following disclosure exemptions available under paragraph 1.12 of FRS 102: (a) Disclosures in respect of each class of share capital have not been presented. (b) No cash flow statement has been presented for the company. (c) Disclosures in respect of financial instruments have not been presented.

Revenue recognition

Revenue is recognised as the fair value of the consideration received or receivable on legal completion of a newly built residential property sale and management charges receivable, stated net of discounts and of value added tax. Where the company enters into contracts for the sale of social housing, the company recognises revenue over time for the construction element of such contracts, rather than at legal completion. In circumstances where effective control of the underlying land is transferred to the social housing provider before or during construction, the revenue for the sale of that land is recognised at the point legal control is transferred. Where the land asset has been transferred to the provider, the subsequent construction activity is adding value to the land asset controlled by the customer. For such contracts, revenue for the construction element is recognised by reference to the degree of completion of contract activity at the balance sheet date, as valued by a third-party survey of work performed to date.

Tax

The taxation expense represents the aggregate amount of current and deferred tax /recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.

4. Debtors

	2022	2021
	£	£
Other debtors	7	7
	----	----

5. Controlling party

The company is a wholly owned subsidiary of Weser Limited, a company registered in England.