Company registration number:
Peach River Limited
for the Year Ended 31 March 2023
Peach River Limited
(Registration number: 02803761)
Balance Sheet as at 31 March 2023
Note |
2023 |
2022 |
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Fixed assets |
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Investments |
2,664,728 |
2,664,728 |
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Current assets |
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Debtors |
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|
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current liabilities |
( |
( |
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Net liabilities |
( |
( |
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Capital and reserves |
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Called up share capital |
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Share premium reserve |
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Capital redemption reserve |
( |
( |
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Profit and loss account |
( |
( |
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Total equity |
( |
( |
For the financial year ending 31 March 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
• |
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• |
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared and delivered in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006. The option not to file the profit and loss account and directors' report has been taken.
Approved and authorised by the
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Peach River Limited
Notes to the Unaudited Financial Statements
for the Year Ended 31 March 2023
General information |
The Company is a private company limited by share capital, incorporated in England & Wales.
The address of its registered office is:
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
These financial statements are presented in Sterling (£).
Going concern
The Company reports a net liabilities position at 31 March 2023. The shareholder has expressed his commitment in providing continuing financial support for the Company and confirmed that they do not intend to withdraw any funding already committed within 12 months of the date of approval of these accounts. For this reason the directors consider that the preparation of the accounts on a going concern basis is appropriate.
Investments
Investments in subsidiaries are measured at cost less accumulated impairment.
Debtors
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction cost, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Peach River Limited
Notes to the Unaudited Financial Statements
for the Year Ended 31 March 2023
Creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
Reserves
Called up share capital represents the nominal value of shares that have been issued.
Share premium account includes any premiums received on the issue of share capital. Transaction costs associated with the issuing of shares are deducted from the share premium.
Profit and loss account includes all current and prior period profits and losses.
Capital redemption reserve records the nominal value of shares repurchased by the Company.
Staff numbers |
The average number of persons employed by the Company (including directors) during the year was
Fixed asset investments |
Financial assets at cost less impairment |
Total |
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Cost or valuation |
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At 1 April 2022 |
2,664,728 |
2,664,728 |
At 31 March 2023 |
2,664,728 |
2,664,728 |
Carrying amount |
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At 31 March 2023 |
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2,664,728 |
Debtors |
Current |
2023 |
2022 |
Prepayments |
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Peach River Limited
Notes to the Unaudited Financial Statements
for the Year Ended 31 March 2023
Creditors |
2023 |
2022 |
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Due within one year |
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Other creditors |
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Accruals and deferred income |
2,160 |
2,070 |
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