Company registration number 08380223 (England and Wales)
PEERGLOW DEVELOPMENTS (2013) LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023
PAGES FOR FILING WITH REGISTRAR
PEERGLOW DEVELOPMENTS (2013) LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
PEERGLOW DEVELOPMENTS (2013) LTD (REGISTERED NUMBER: 08380223)
BALANCE SHEET
AS AT
31 JANUARY 2023
31 January 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
3
7,540
7,540
Current assets
Debtors
4
873
873
Creditors: amounts falling due within one year
5
(8,391)
(8,391)
Net current liabilities
(7,518)
(7,518)
Net assets
22
22
Capital and reserves
-
-
Called up share capital
22
22
Total equity
22
22
The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 31 January 2023 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
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.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 1 February 2023 and are signed on its behalf by:
Mr N C Turner
Director
PEERGLOW DEVELOPMENTS (2013) LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023
- 2 -
1
Accounting policies
Company information
Peerglow Developments (2013) Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 15-17 Blue Chalet Industrial Park, Sevenoaks, Kent, TN15 6BQ.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.
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 financial instruments at fair value]. The principal accounting policies adopted are set out below.
1.2
Profit and loss account
The company has not traded during the year or the preceding financial period. During this time, the company received no income and incurred no expenditure and therefore no Profit and loss account is presented in these financial statements.
1.3
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Land
no depreciation
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2023
2022
Number
Number
Total
2
2
PEERGLOW DEVELOPMENTS (2013) LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2023
- 3 -
3
Tangible fixed assets
Land
£
Cost
At 1 February 2022 and 31 January 2023
7,540
Depreciation and impairment
At 1 February 2022 and 31 January 2023
Carrying amount
At 31 January 2023
7,540
At 31 January 2022
7,540
4
Debtors
2023
2022
Amounts falling due within one year:
£
£
Other debtors
873
873
5
Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
21
21
Other creditors
8,370
8,370
8,391
8,391
6
Related party transactions
During the year, the company was owed £873 by a company in which shareholders hold a similar interest in.