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COMPANY REGISTRATION NUMBER: 12596257
PEPPER FOX LONDON LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
31 May 2023
PEPPER FOX LONDON LIMITED
FINANCIAL STATEMENTS
YEAR ENDED 31 MAY 2023
Contents
Page
Officers and professional advisers
1
Statement of financial position
2
Notes to the financial statements
4
PEPPER FOX LONDON LIMITED
OFFICERS AND PROFESSIONAL ADVISERS
The board of directors
G P Elliott
N J Watson
Registered office
168 Church Road
Hove
East Sussex
BN3 2DL
Accountants
UHY Hacker Young
Chartered accountants
168 Church Road
Hove
BN3 2DL
PEPPER FOX LONDON LIMITED
STATEMENT OF FINANCIAL POSITION
31 May 2023
2023
2022
Note
£
£
£
Current assets
Debtors
4
946
5,647
Cash at bank and in hand
100
3,612
-------
-------
1,046
9,259
Creditors: amounts falling due within one year
5
3,080
6,819
-------
-------
Net current (liabilities)/assets
( 2,034)
2,440
-------
-------
Total assets less current liabilities
( 2,034)
2,440
-------
-------
Net (liabilities)/assets
( 2,034)
2,440
-------
-------
Capital and reserves
Called up share capital
100
100
Profit and loss account
( 2,134)
2,340
-------
-------
Shareholders (deficit)/funds
( 2,034)
2,440
-------
-------
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 May 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
PEPPER FOX LONDON LIMITED
STATEMENT OF FINANCIAL POSITION (continued)
31 May 2023
These financial statements were approved by the board of directors and authorised for issue on 28 September 2023 , and are signed on behalf of the board by:
G P Elliott
Director
Company registration number: 12596257
PEPPER FOX LONDON LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 MAY 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 168 Church Road, Hove, East Sussex, BN3 2DL.
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, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Income 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. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
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.
4. Debtors
2023
2022
£
£
Trade debtors
5,250
Other debtors
946
397
----
-------
946
5,647
----
-------
5. Creditors: amounts falling due within one year
2023
2022
£
£
Social security and other taxes
4,459
Amounts due to connected companies
1,400
1,400
Other creditors
1,680
960
-------
-------
3,080
6,819
-------
-------
6. Directors' advances, credits and guarantees
The company has ceased to trade.