Silverfin false false 30/06/2023 01/07/2022 30/06/2023 Rebecca Elizabeth Fong 23/06/2021 20 September 2023 The principal activity of the company in the period under review was that of a property rental portfolio 13472493 2023-06-30 13472493 bus:Director1 2023-06-30 13472493 2022-06-30 13472493 core:CurrentFinancialInstruments 2023-06-30 13472493 core:CurrentFinancialInstruments 2022-06-30 13472493 core:Non-currentFinancialInstruments 2023-06-30 13472493 core:Non-currentFinancialInstruments 2022-06-30 13472493 core:ShareCapital 2023-06-30 13472493 core:ShareCapital 2022-06-30 13472493 core:RetainedEarningsAccumulatedLosses 2023-06-30 13472493 core:RetainedEarningsAccumulatedLosses 2022-06-30 13472493 core:ShareCapital 2021-06-30 13472493 core:RetainedEarningsAccumulatedLosses 2021-06-30 13472493 2021-06-30 13472493 core:InvestmentPropertyIncludedWithinPPE 2022-06-30 13472493 core:ComputerEquipment 2022-06-30 13472493 core:InvestmentPropertyIncludedWithinPPE 2023-06-30 13472493 core:ComputerEquipment 2023-06-30 13472493 bus:OrdinaryShareClass1 2023-06-30 13472493 2022-07-01 2023-06-30 13472493 bus:AbridgedAccounts 2022-07-01 2023-06-30 13472493 bus:SmallEntities 2022-07-01 2023-06-30 13472493 bus:AuditExemptWithAccountantsReport 2022-07-01 2023-06-30 13472493 bus:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30 13472493 bus:Director1 2022-07-01 2023-06-30 13472493 core:ShareCapital 2021-07-01 2022-06-30 13472493 core:RetainedEarningsAccumulatedLosses 2021-07-01 2022-06-30 13472493 2021-07-01 2022-06-30 13472493 core:ShareCapital 2022-07-01 2023-06-30 13472493 core:RetainedEarningsAccumulatedLosses 2022-07-01 2023-06-30 13472493 core:ComputerEquipment core:BottomRangeValue 2022-07-01 2023-06-30 13472493 core:ComputerEquipment core:TopRangeValue 2022-07-01 2023-06-30 13472493 core:InvestmentPropertyIncludedWithinPPE 2022-07-01 2023-06-30 13472493 core:ComputerEquipment 2022-07-01 2023-06-30 13472493 bus:OrdinaryShareClass1 2022-07-01 2023-06-30 13472493 bus:OrdinaryShareClass1 2021-07-01 2022-06-30 iso4217:GBP xbrli:pure xbrli:shares

Company No: 13472493 (England and Wales)

PECK PORTFOLIO LTD

Abridged Unaudited Financial Statements
For the financial year ended 30 June 2023

PECK PORTFOLIO LTD

Abridged Unaudited Financial Statements

For the financial year ended 30 June 2023

Contents

PECK PORTFOLIO LTD

COMPANY INFORMATION

For the financial year ended 30 June 2023
PECK PORTFOLIO LTD

COMPANY INFORMATION (continued)

For the financial year ended 30 June 2023
DIRECTOR Rebecca Elizabeth Fong
REGISTERED OFFICE 5 Courtlands Road
Surbiton
KT5 8PL
United Kingdom
COMPANY NUMBER 13472493 (England and Wales)
ACCOUNTANT Morrell Middleton Auditors Ltd
Chartered Certified Accountants
Wellington House
Aviator Court
York
YO30 4UZ
PECK PORTFOLIO LTD

BALANCE SHEET

As at 30 June 2023
PECK PORTFOLIO LTD

BALANCE SHEET (continued)

As at 30 June 2023
Note 2023 2022
£ £
Fixed assets
Tangible assets 4 1,223,301 1,222,672
1,223,301 1,222,672
Current assets
Debtors 4,275 2,100
Cash at bank and in hand 24,678 4,756
28,953 6,856
Creditors: amounts falling due within one year ( 328,601) ( 846,130)
Net current liabilities (299,648) (839,274)
Total assets less current liabilities 923,653 383,398
Creditors: amounts falling due after more than one year ( 909,728) ( 392,660)
Net assets/(liabilities) 13,925 ( 9,262)
Capital and reserves
Called-up share capital 5 100 1
Profit and loss account 13,825 ( 9,263 )
Total shareholder's funds/(deficit) 13,925 ( 9,262)

For the financial year ending 30 June 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The financial statements of Peck Portfolio Ltd (registered number: 13472493) were approved and authorised for issue by the Director on 20 September 2023. They were signed on its behalf by:

Rebecca Elizabeth Fong
Director
PECK PORTFOLIO LTD

STATEMENT OF CHANGES IN EQUITY

For the financial year ended 30 June 2023
PECK PORTFOLIO LTD

STATEMENT OF CHANGES IN EQUITY (continued)

For the financial year ended 30 June 2023
Called-up share capital Profit and loss account Total
£ £ £
At 01 July 2021 0 0 0
Loss for the financial year 0 ( 9,263) ( 9,263)
Total comprehensive loss 0 ( 9,263) ( 9,263)
Issue of share capital 1 0 1
At 30 June 2022 1 ( 9,263) ( 9,262)
At 01 July 2022 1 ( 9,263) ( 9,262)
Profit for the financial year 0 23,088 23,088
Total comprehensive income 0 23,088 23,088
Issue of share capital 99 0 99
At 30 June 2023 100 13,825 13,925
PECK PORTFOLIO LTD

NOTES TO THE ABRIDGED FINANCIAL STATEMENTS

For the financial year ended 30 June 2023
PECK PORTFOLIO LTD

NOTES TO THE ABRIDGED FINANCIAL STATEMENTS

For the financial year ended 30 June 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Peck Portfolio Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 5 Courtlands Road, Surbiton, KT5 8PL, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Investment property not depreciated
Computer equipment 1 - 3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including the director 1 1

3. Tax on profit/(loss)

2023 2022
£ £
Current tax on profit/(loss)
UK corporation tax 3,053 0
Total current tax 3,053 0
Total tax on profit/(loss) 3,053 0

On 17 March 2020, the Provisional Collection of Taxes Act was used to substantively enact a 19% tax rate and accordingly, the deferred tax balances were re-calculated from 17% to 19% at 30 June 2022.

The March 2021 Budget announced a further increase to the main rate of corporation tax to 25% from April 2023 as well as introducing a small profits rate of 19%. These rates were substantively enacted via the Finance Bill 2021 on 24 May 2021.

At the Balance Sheet date, it was estimated that the Company’s future profits will be applicable to the small profits rate and therefore deferred tax balances as at 30 June 2023 continue to be measured at 19%.

4. Tangible assets

Investment property Computer equipment Total
£ £ £
Cost
At 01 July 2022 1,222,672 0 1,222,672
Additions 0 809 809
At 30 June 2023 1,222,672 809 1,223,481
Accumulated depreciation
At 01 July 2022 0 0 0
Charge for the financial year 0 180 180
At 30 June 2023 0 180 180
Net book value
At 30 June 2023 1,222,672 629 1,223,301
At 30 June 2022 1,222,672 0 1,222,672

5. Called-up share capital

2023 2022
£ £
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each (2022: 1 share of £ 1.00 ) 100 1