Peach River Limited 02803761 false 2022-04-01 2023-03-31 2023-03-31 The principal activity of the company is an investment holding company Digita Accounts Production Advanced 6.30.9574.0 true true 02803761 2022-04-01 2023-03-31 02803761 2023-03-31 02803761 core:CapitalRedemptionReserve 2023-03-31 02803761 core:RetainedEarningsAccumulatedLosses 2023-03-31 02803761 core:ShareCapital 2023-03-31 02803761 core:SharePremium 2023-03-31 02803761 core:FinancialAssetsCostLessImpairment core:Non-currentFinancialInstruments 2023-03-31 02803761 core:CurrentFinancialInstruments 2023-03-31 02803761 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 02803761 bus:SmallEntities 2022-04-01 2023-03-31 02803761 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 02803761 bus:FullAccounts 2022-04-01 2023-03-31 02803761 bus:SmallCompaniesRegimeForAccounts 2022-04-01 2023-03-31 02803761 bus:RegisteredOffice 2022-04-01 2023-03-31 02803761 bus:CompanySecretaryDirector1 2022-04-01 2023-03-31 02803761 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 02803761 countries:AllCountries 2022-04-01 2023-03-31 02803761 2021-04-01 2022-03-31 02803761 2022-03-31 02803761 core:CapitalRedemptionReserve 2022-03-31 02803761 core:RetainedEarningsAccumulatedLosses 2022-03-31 02803761 core:ShareCapital 2022-03-31 02803761 core:SharePremium 2022-03-31 02803761 core:CurrentFinancialInstruments 2022-03-31 02803761 core:CurrentFinancialInstruments core:WithinOneYear 2022-03-31 iso4217:GBP xbrli:pure

Company registration number: 02803761

Peach River Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 March 2023

 

Peach River Limited

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 4

 

Peach River Limited

(Registration number: 02803761)
Balance Sheet as at 31 March 2023

Note

2023
£

2022
£

Fixed assets

 

Investments

4

2,664,728

2,664,728

Current assets

 

Debtors

5

652

206

Cash at bank and in hand

 

4,640

2,951

 

5,292

3,157

Creditors: Amounts falling due within one year

6

(2,696,744)

(2,691,654)

Net current liabilities

 

(2,691,452)

(2,688,497)

Net liabilities

 

(26,724)

(23,769)

Capital and reserves

 

Called up share capital

90

90

Share premium reserve

4,950

4,950

Capital redemption reserve

(3,208)

(3,208)

Profit and loss account

(28,556)

(25,601)

Total equity

 

(26,724)

(23,769)

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:

The members have not required the Company to obtain an audit of its accounts for the year in question in accordance with section 476; and

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 Board on 9 November 2023 and signed on its behalf by:
 


S J Cook
Company secretary and director

   
 

Peach River Limited

Notes to the Unaudited Financial Statements
for the Year Ended 31 March 2023

1

General information

The Company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
Morley House
36 Acreman Street
Sherborne
Dorset
DT9 3NX

2

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.

3

Staff numbers

The average number of persons employed by the Company (including directors) during the year was 2 (2022 - 2).

4

Fixed asset investments

Financial assets at cost less impairment
£

Total
£

Cost or valuation

At 1 April 2022

2,664,728

2,664,728

At 31 March 2023

2,664,728

2,664,728

Carrying amount

At 31 March 2023

2,664,728

2,664,728

5

Debtors

Current

2023
£

2022
£

Prepayments

652

206

 

Peach River Limited

Notes to the Unaudited Financial Statements
for the Year Ended 31 March 2023

6

Creditors

2023
£

2022
£

Due within one year

 

Other creditors

 

2,694,584

2,689,584

Accruals and deferred income

 

2,160

2,070

 

2,696,744

2,691,654