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

REGISTERED NUMBER: 02924619 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 October 2017

for

Pipers Projects Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

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

579,434

651,484

CURRENT ASSETS

Debtors

5

1,607,013

1,817,461

Cash at bank and in hand

975,355

693,358

2,582,368

2,510,819

CREDITORS

Amounts falling due within one year

6

2,910,775

2,911,914

NET CURRENT LIABILITIES

(328,407

)

(401,095

)

TOTAL ASSETS LESS CURRENT LIABILITIES

251,027

250,389

PROVISIONS FOR LIABILITIES

85,468

106,536

NET ASSETS

165,559

143,853

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

164,559

142,853

SHAREHOLDERS' FUNDS

165,559

143,853

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2017 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 20 July 2018 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. Costs incurred for events taking place after year end have been

deferred and included in debtors.

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 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to profit or loss in the period to which they relate.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 65 .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

and

property

Models

fittings

£

£

£

COST

At 1 November 2016

139,230

1,626,297

42,376

Additions

-

-

11,059

At 31 October 2017

139,230

1,626,297

53,435

DEPRECIATION

At 1 November 2016

124,814

1,046,729

15,277

Charge for year

14,416

58,267

10,488

At 31 October 2017

139,230

1,104,996

25,765

NET BOOK VALUE

At 31 October 2017

-

521,301

27,670

At 31 October 2016

14,416

579,568

27,099

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 November 2016

5,833

173,070

1,986,806

Additions

-

14,588

25,647

At 31 October 2017

5,833

187,658

2,012,453

DEPRECIATION

At 1 November 2016

1,458

147,044

1,335,322

Charge for year

1,458

13,068

97,697

At 31 October 2017

2,916

160,112

1,433,019

NET BOOK VALUE

At 31 October 2017

2,917

27,546

579,434

At 31 October 2016

4,375

26,026

651,484

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.17

31.10.16

£

£

Trade debtors

327,417

433,519

Amounts owed by group undertakings

177,990

26,999

Other debtors

1,048,376

1,300,801

Accrued income

-

30,913

Prepayments

53,230

25,229

1,607,013

1,817,461

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.17

31.10.16

£

£

Trade creditors

325,684

544,932

Amounts owed to group undertakings

-

72,310

Tax

-

26,069

Social security and other taxes

51,957

53,156

VAT

284,466

228,949

Other creditors

6,809

11,636

Deferred income

2,192,468

1,959,415

Directors' current accounts

78

331

Accrued expenses

49,313

15,116

2,910,775

2,911,914

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.