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REGISTERED NUMBER: 06790369 (England and Wales)














UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2023

FOR

PEAKSHARE LTD.

PEAKSHARE LTD. (REGISTERED NUMBER: 06790369)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2023










Page

Company Information 1

Income Statement 2

Balance Sheet 3

Statement of Changes in Equity 4

Notes to the Financial Statements 5


PEAKSHARE LTD.

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2023







DIRECTOR: P Gubbay





SECRETARY: Ms S Zainuddin





REGISTERED OFFICE: 7 Praed Street
London
W2 1NJ





REGISTERED NUMBER: 06790369 (England and Wales)






PEAKSHARE LTD. (REGISTERED NUMBER: 06790369)

INCOME STATEMENT
FOR THE YEAR ENDED 31ST MARCH 2023

2023 2022
$ $

TURNOVER - -

Administrative expenses 11,201 (6,639 )
OPERATING PROFIT/(LOSS) and
PROFIT/(LOSS) BEFORE TAXATION 11,201 (6,639 )

Tax on profit/(loss) (4,362 ) (250 )
PROFIT/(LOSS) FOR THE FINANCIAL YEAR 6,839 (6,889 )

PEAKSHARE LTD. (REGISTERED NUMBER: 06790369)

BALANCE SHEET
31ST MARCH 2023

2023 2022
Notes $ $
CURRENT ASSETS
Debtors 4 229 4,362
Cash at bank 325,150 323,277
325,379 327,639
CREDITORS
Amounts falling due within one year 5 (4,000 ) (13,099 )
NET CURRENT ASSETS 321,379 314,540
TOTAL ASSETS LESS CURRENT
LIABILITIES

321,379

314,540

CAPITAL AND RESERVES
Called up share capital 163 163
Retained earnings 321,216 314,377
SHAREHOLDERS' FUNDS 321,379 314,540

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The 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 director and authorised for issue on 22nd November 2023 and were signed by:





P Gubbay - Director


PEAKSHARE LTD. (REGISTERED NUMBER: 06790369)

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31ST MARCH 2023

Called up
share Retained Total
capital earnings equity
$ $ $

Balance at 1st April 2021 163 321,266 321,429
Total comprehensive income - (6,889 ) (6,889 )
Balance at 31st March 2022 163 314,377 314,540
Total comprehensive income - 6,839 6,839
Balance at 31st March 2023 163 321,216 321,379

PEAKSHARE LTD. (REGISTERED NUMBER: 06790369)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2023


1. STATUTORY INFORMATION

Peakshare Ltd. is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the US Dollar ($).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Disclosure exemptions
In preparing these financial statements, advantage has been taken of the following disclosure exemptions available in FRS 102 Section 1A:

- No cash flow statement has been presented
- No disclosure of related party transactions entered into between two or more wholly owned members of a group has been given
- Consolidated accounts have not been prepared for the company as these are included in the group accounts of the ultimate parent company
- Certain disclosures in respect of the company's financial instruments have not been presented as these are included in the disclosures made in respect of the group

Going concern
The directors are required to make an assessment of the company's ability to continue as a going concern. The balance sheet reflects a net liability position and the directors have considered the future cashflow forecasts of the company and also obtained confirmation from the majority shareholder that they will not recall their loan until the company can make repayment without affecting its ability to continue as a going concern. Accordingly, the financial statements have been prepared on a going concern basis.

The following principal accounting policies have been applied:

Preparation of consolidated financial statements
The financial statements contain information about Peakshare Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company has taken advantage of the exemption conferred by the Companies Act 2006 not to produce consolidated financial statements because it is itself a majority owned subsidiary of its parent undertaking, Longbell Limited. Longbell Limited is a wholly owned subsidiary of Prime Commercial Properties Plc which is a wholly owned subsidiary of Prime Commercial Properties (Holdings) Limited which prepares and files consolidated accounts which incorporate the activities of the company and its subsidiary undertakings.

Fixed asset investment
The investment is carried at cost, less any provision for impairment.

Dividends
Equity dividends are recognised when they become legally payable. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Financial liabilities and equity
Financial liabilities and equity are classified according to the substance of the financial instrument's contractual obligations, rather than the financial instrument's legal form.

Debtors
Debtors comprising basic financial instruments are stated at amortised cost, reflecting adjustments for amounts not considered to be recoverable.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

PEAKSHARE LTD. (REGISTERED NUMBER: 06790369)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2023


4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
$ $
Other debtors 229 4,362

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
$ $
Trade creditors - 2,044
Other creditors 4,000 11,055
4,000 13,099

6. ULTIMATE CONTROLLING PARTY

The intermediate parent company is Longbell Limited. The company's ultimate parent company is Prime Commercial Properties (Holdings) Limited. Copies of the consolidated financial statements of Prime Commercial Properties (Holdings) Limited are available from Companies House. The ultimate controlling party is The Robert Gubbay Settlement Trust which is the sole shareholder of the ultimate parent company.