Caseware UK (AP4) 2022.0.179 2022.0.179 The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2022-08-01falseNo description of principal activity11truetrue 09868238 2022-08-01 2023-07-31 09868238 2021-08-01 2022-07-31 09868238 2023-07-31 09868238 2022-07-31 09868238 c:Director1 2022-08-01 2023-07-31 09868238 d:CurrentFinancialInstruments 2023-07-31 09868238 d:CurrentFinancialInstruments 2022-07-31 09868238 d:CurrentFinancialInstruments d:WithinOneYear 2023-07-31 09868238 d:CurrentFinancialInstruments d:WithinOneYear 2022-07-31 09868238 d:ShareCapital 2023-07-31 09868238 d:ShareCapital 2022-07-31 09868238 d:RetainedEarningsAccumulatedLosses 2023-07-31 09868238 d:RetainedEarningsAccumulatedLosses 2022-07-31 09868238 c:OrdinaryShareClass1 2022-08-01 2023-07-31 09868238 c:OrdinaryShareClass1 2023-07-31 09868238 c:OrdinaryShareClass1 2022-07-31 09868238 c:OrdinaryShareClass2 2022-08-01 2023-07-31 09868238 c:OrdinaryShareClass2 2023-07-31 09868238 c:OrdinaryShareClass2 2022-07-31 09868238 c:FRS102 2022-08-01 2023-07-31 09868238 c:AuditExemptWithAccountantsReport 2022-08-01 2023-07-31 09868238 c:FullAccounts 2022-08-01 2023-07-31 09868238 c:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 09868238 2 2022-08-01 2023-07-31 09868238 6 2022-08-01 2023-07-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 09868238










Peterson Investments Limited








Unaudited

Financial statements

Information for filing with the registrar

For the year ended 31 July 2023

 
Peterson Investments Limited
 
  
Chartered accountants' report to the director on the preparation of the unaudited statutory financial statements of Peterson Investments Limited for the year ended 31 July 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Peterson Investments Limited for the year ended 31 July 2023 which comprise  the Balance sheet and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the director of Peterson Investments Limited in accordance with the terms of our engagement letter dated 24 November 2023Our work has been undertaken solely to prepare for your approval the financial statements of Peterson Investments Limited  and state those matters that we have agreed to state to the director of Peterson Investments Limited in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Peterson Investments Limited and its director for our work or for this report. 

It is your duty to ensure that Peterson Investments Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Peterson Investments Limited. You consider that Peterson Investments Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of Peterson Investments Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  



Kreston Reeves LLP
Chartered Accountants
2nd Floor
168 Shoreditch High Street
London
E1 6RA
2 February 2024
Page 1

 
Peterson Investments Limited
Registered number: 09868238

Balance sheet
As at 31 July 2023

2023
2022
Note
£
£

Fixed assets
  

Investments
 4 
426,010
426,010

  
426,010
426,010

Current assets
  

Bank and cash balances
  
1,531
1,560

  
1,531
1,560

Creditors: amounts falling due within one year
 5 
(8,717)
(23,761)

Net current liabilities
  
 
 
(7,186)
 
 
(22,201)

  

Net assets
  
418,824
403,809


Capital and reserves
  

Called up share capital 
 6 
100
100

Profit and loss account
  
418,724
403,709

  
418,824
403,809


The director considers 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 director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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 comprehensive income 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: 




Mr Piers Shepherd
Director
Date: 1 February 2024

The notes on pages 3 to 5 form part of these financial statements.

Page 2

 
Peterson Investments Limited
 

 
Notes to the financial statements
For the year ended 31 July 2023

1.


General information

Peterson Investments Limited (the Company) is a private company limited by shares which was incorporated in the United Kingdom. 
The company's registered office is Second Floor, 168 Shoreditch High Street, London, E1 6RA. Its principle place of business is 139 Tankerton Road, Whistable, Kent CT5 2AW.
The principle activity of the company is that of a holding company.
The financial statements are presented in pounds Sterling, and rounded to the nearest pound. 

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 Section 1A of 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

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover 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 turnover is recognised:

Rendering of services

Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of turnover can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.4

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.

 
2.5

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Page 3

 
Peterson Investments Limited
 

 
Notes to the financial statements
For the year ended 31 July 2023

2.Accounting policies (continued)

 
2.6

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.

 
2.7

Dividends

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

 
2.8

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.9

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2022 - 1).


4.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 August 2022
426,010



At 31 July 2023
426,010






Net book value



At 31 July 2023
426,010



At 31 July 2022
426,010

Page 4

 
Peterson Investments Limited
 

 
Notes to the financial statements
For the year ended 31 July 2023

5.


Creditors: Amounts falling due within one year

2023
2022
£
£

Amounts owed to group undertakings
2,078
17,256

Corporation tax
2,161
2,147

Other creditors
1,178
1,178

Accruals and deferred income
3,300
3,180

8,717
23,761



6.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



50 (2022 - 50) A Ordinary shares of £1.00 each
50
50
50 (2022 - 50) B Ordinary shares of £1.00 each
50
50

100

100



7.


Related party transactions

During the year Peterson Investments Limited made repayments totalling nil (2022: nil) to the director, Mr Piers Shepherd. As at the balance sheet date, the total amount due to Mr Piers Shepherd was £1,178 (2022: £1,178), which is included within 'Creditors: Amounts falling due within one year' in Note 5 to these accounts. 
During the year, the company paid dividends totalling £160,973 (2022: £181,034) on its A shares to Mr Piers Shepherd.


Page 5