General Information
Paul Archer Homes Limited is a private company, limited by shares, registered in England and Wales, registration number 06959891, registration address Unit D204 116 Commercial Street, Lana House, London, E1 6NF
The presentation currency is £ sterling.
| 1. |
Accounting policies
Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared on the going concern basis and under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sale taxes.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, over their expected useful lives on the following basis:
| Land and Buildings |
0 Straight Line |
| Motor Vehicles |
25% Reducing Balance
|
Current asset investments
Current asset investments are stated at the lower of cost and net realisable value.
|
| 2. |
Tangible fixed assets
| Cost or valuation |
Land and Buildings |
|
Motor Vehicles |
|
Total |
| |
£ |
|
£ |
|
£ |
| At 01 September 2019 |
- |
|
29,441 |
|
29,441 |
| Additions |
444,096 |
|
- |
|
444,096 |
| Disposals |
- |
|
- |
|
- |
| At 31 August 2020 |
444,096 |
|
29,441 |
|
473,537 |
| Depreciation |
| At 01 September 2019 |
- |
|
7,360 |
|
7,360 |
| Charge for year |
- |
|
- |
|
- |
| On disposals |
- |
|
- |
|
- |
| At 31 August 2020 |
- |
|
7,360 |
|
7,360 |
| Net book values |
| Closing balance as at 31 August 2020 |
444,096 |
|
22,081 |
|
466,177 |
| Opening balance as at 01 September 2019 |
- |
|
22,081 |
|
22,081 |
|
| 3. |
Debtors: amounts falling due within one year
|
2020
£ |
|
2019
£ |
| Other Debtors |
52,087 |
|
27,894 |
|
52,087 |
|
27,894 |
|
| 4. |
Investments
|
2020
£ |
|
2019
£ |
| Other Investments - Listed |
170,100 |
|
0 |
|
170,100 |
|
0 |
|
| 5. |
Creditors: amount falling due within one year
|
2020
£ |
|
2019
£ |
| Corporation Tax |
62,802 |
|
0 |
| Accrued Expenses |
1,000 |
|
1,000 |
| Other Creditors |
0 |
|
(3,055) |
| Directors' Current Accounts |
124,152 |
|
151,981 |
| VAT |
129,885 |
|
0 |
|
317,839 |
|
149,926 |
|
| 6. |
Share Capital
Allotted, called up and fully paid
|
2020
£ |
|
2019
£ |
|
1
Class A share of £1.00 each |
1 |
|
1 |
|
64,953
Class A shares of £2.34 each |
151,990 |
|
151,990 |
|
151,991 |
|
151,991 |
|
| 7. |
Average number of employees
Average number of employees during the year was 1 (2019 : 1)
|
2
|
