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REGISTERED NUMBER: 11209921 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2023

FOR

PECKHAM ESTATES LTD

PECKHAM ESTATES LTD (REGISTERED NUMBER: 11209921)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


PECKHAM ESTATES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2023







DIRECTOR: A Grunhut





REGISTERED OFFICE: 9 Manor Parade
London
N16 5SG





REGISTERED NUMBER: 11209921 (England and Wales)





ACCOUNTANTS: Venitt and Greaves
Chartered Accountants
115 Craven Park Road
South Tottenham
London
N15 6BL

PECKHAM ESTATES LTD (REGISTERED NUMBER: 11209921)

STATEMENT OF FINANCIAL POSITION
28 FEBRUARY 2023

28.2.23 28.2.22
Notes £    £   
FIXED ASSETS
Investment property 5 675,000 675,000

CURRENT ASSETS
Debtors 6 23,400 1,400
Cash at bank 12,683 49,590
36,083 50,990
CREDITORS
Amounts falling due within one year 7 (212,843 ) (212,002 )
NET CURRENT LIABILITIES (176,760 ) (161,012 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

498,240

513,988

CREDITORS
Amounts falling due after more than one
year

8

(477,356

)

(486,932

)
NET ASSETS 20,884 27,056

CAPITAL AND RESERVES
Called up share capital 11 100 100
Fair value reserve 12 75,000 75,000
Retained earnings 12 (54,216 ) (48,044 )
SHAREHOLDERS' FUNDS 20,884 27,056

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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.

PECKHAM ESTATES LTD (REGISTERED NUMBER: 11209921)

STATEMENT OF FINANCIAL POSITION - continued
28 FEBRUARY 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved and authorised for issue by the director and authorised for issue on 21 November 2023 and were signed by:





A Grunhut - Director


PECKHAM ESTATES LTD (REGISTERED NUMBER: 11209921)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

1. STATUTORY INFORMATION

Peckham Estates 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 Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

4. EMPLOYEES AND DIRECTORS

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

PECKHAM ESTATES LTD (REGISTERED NUMBER: 11209921)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 March 2022
and 28 February 2023 675,000
NET BOOK VALUE
At 28 February 2023 675,000
At 28 February 2022 675,000

Fair value at 28 February 2023 is represented by:
£   
Valuation in 2020 75,000
Cost 600,000
675,000

The fair value of investment property was assessed to be unchanged by the director. The fair value was determined using open market valuation method. The director does not have a formal qualification but considerable experience in property market to ascertain the fair value with sufficient level of confidence.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Other debtors 23,400 1,400

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Amounts owed to group undertakings 195,564 195,564
Other creditors 17,279 16,438
212,843 212,002

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
28.2.23 28.2.22
£    £   
Bank loans (see note 9) 439,023 438,600
Other creditors 38,333 48,332
477,356 486,932

Amounts falling due in more than five years:

Repayable by instalments
Other loans more 5yrs instal - 48,332

Other creditors include outstanding Bounceback Loan payable of £38,333 [2022 - £48,332]. The loan is unsecured, interest free for the first year, then capped at 2.5% and guaranteed by HM Government.

PECKHAM ESTATES LTD (REGISTERED NUMBER: 11209921)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023

9. LOANS

An analysis of the maturity of loans is given below:

28.2.23 28.2.22
£    £   
Amounts falling due between two and five years:
Bank loans - 2-5 years 439,023 438,600
Other loans - 2-5 years 38,333 -
477,356 438,600

Amounts falling due in more than five years:

Repayable by instalments
Other loans more 5yrs instal - 48,332

10. SECURED DEBTS

The following secured debts are included within creditors:

28.2.23 28.2.22
£    £   
Bank loans 439,023 438,600

Bank loan is secured by providing fixed charge against the investment property of the company, floating charge over the company's assets and undertakings, and personal guarantee by Mr. Abraham Grunhut.

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 28.2.23 28.2.22
value: £    £   
100 Ordinary £1 100 100

12. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 1 March 2022 (48,044 ) 75,000 26,956
Deficit for the year (6,172 ) (6,172 )
At 28 February 2023 (54,216 ) 75,000 20,784