Caseware UK (AP4) 2023.0.135 2023.0.135 2023-05-312023-05-3122022-06-01falseManufacture of games and toys2falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 13375776 2022-06-01 2023-05-31 13375776 2021-05-04 2022-05-31 13375776 2023-05-31 13375776 2022-05-31 13375776 c:Director1 2022-06-01 2023-05-31 13375776 d:PatentsTrademarksLicencesConcessionsSimilar 2023-05-31 13375776 d:PatentsTrademarksLicencesConcessionsSimilar 2022-05-31 13375776 d:CurrentFinancialInstruments 2023-05-31 13375776 d:CurrentFinancialInstruments 2022-05-31 13375776 d:CurrentFinancialInstruments d:WithinOneYear 2023-05-31 13375776 d:CurrentFinancialInstruments d:WithinOneYear 2022-05-31 13375776 d:ShareCapital 2023-05-31 13375776 d:ShareCapital 2022-05-31 13375776 d:RetainedEarningsAccumulatedLosses 2023-05-31 13375776 d:RetainedEarningsAccumulatedLosses 2022-05-31 13375776 c:FRS102 2022-06-01 2023-05-31 13375776 c:AuditExempt-NoAccountantsReport 2022-06-01 2023-05-31 13375776 c:FullAccounts 2022-06-01 2023-05-31 13375776 c:PrivateLimitedCompanyLtd 2022-06-01 2023-05-31 13375776 d:PatentsTrademarksLicencesConcessionsSimilar d:OwnedIntangibleAssets 2022-06-01 2023-05-31 iso4217:GBP xbrli:pure
Registered number: 13375776






PEBERHAWK LTD
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023










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PEBERHAWK LTD
REGISTERED NUMBER:13375776

BALANCE SHEET
AS AT 31 MAY 2023

2023
2022
Note
£
£

Fixed assets
  

Intangible assets
 4 
3,914
4,392

  
3,914
4,392

Current assets
  

Debtors: amounts falling due within one year
 5 
327
482

Cash at bank and in hand
 6 
65
3,345

  
392
3,827

Creditors: amounts falling due within one year
 7 
(20,751)
(12,529)

Net current liabilities
  
 
 
(20,359)
 
 
(8,702)

Total assets less current liabilities
  
(16,445)
(4,310)

  

Net liabilities
  
(16,445)
(4,310)


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
(16,545)
(4,410)

  
(16,445)
(4,310)


Page 1

 
PEBERHAWK LTD
REGISTERED NUMBER:13375776
    
BALANCE SHEET (CONTINUED)
AS AT 31 MAY 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




Robert Louis Hawker
Director

Date: 4 February 2024

Page 2

 
PEBERHAWK LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

1.


General information

Peberhawk Ltd is a private company limited by shares, incorporated in England and Wales. Its registered office is 22 Southfields Industrial Park, Basildon, Essex, SS15 6SL. The principal activity of the company is manufactoring games and toys. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

The financial statements have been prepared on a going concern basis despite the net liabilities due to the ongoing support pledged by the directors.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.4

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Page 3

 
PEBERHAWK LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

2.Accounting policies (continued)

 
2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.7

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.

 
2.8

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Balance Sheet when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Impairment of financial assets

Financial assets are assessed for indicators of impairment at each reporting date. 

Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate.

If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.
Page 4

 
PEBERHAWK LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

2.Accounting policies (continued)


2.8
Financial instruments (continued)


Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.


3.


Employees

The average monthly number of employees, including the directors, during the year was as follows:


        2023
        2022
            No.
            No.







Directors
2
2

Page 5

 
PEBERHAWK LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

4.


Intangible assets




Patents

£



Cost


At 1 June 2022
4,778



At 31 May 2023

4,778



Amortisation


At 1 June 2022
386


Charge for the year on owned assets
478



At 31 May 2023

864



Net book value



At 31 May 2023
3,914



At 31 May 2022
4,392




5.


Debtors

2023
2022
£
£


Trade debtors
-
246

Other debtors
119
-

Prepayments and accrued income
208
236

327
482



6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
65
3,345

65
3,345


Page 6

 
PEBERHAWK LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Other taxation and social security
-
18

Other creditors
19,926
11,401

Accruals and deferred income
825
1,110

20,751
12,529


 
Page 7