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REGISTERED NUMBER: 08819555 (England and Wales)









PEBODY PROPERTIES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023






PEBODY PROPERTIES LIMITED (REGISTERED NUMBER: 08819555)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PEBODY PROPERTIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: Mr R D Gallop
Mrs K L Gallop





REGISTERED OFFICE: 21 Lavender Walk
Coleorton
Leicestershire
LE67 8FA





REGISTERED NUMBER: 08819555 (England and Wales)





ACCOUNTANTS: Morris Crocker
Chartered Accountants
Station House
North Street
Havant
Hampshire
PO9 1QU

PEBODY PROPERTIES LIMITED (REGISTERED NUMBER: 08819555)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 14,742 19,657
Investment property 5 446,346 446,346
461,088 466,003

CURRENT ASSETS
Debtors 6 1,150 995
Cash at bank 10,768 11,476
11,918 12,471
CREDITORS
Amounts falling due within one year 7 144,770 166,910
NET CURRENT LIABILITIES (132,852 ) (154,439 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

328,236

311,564

CREDITORS
Amounts falling due after more than one
year

8

(310,164

)

(327,851

)

PROVISIONS FOR LIABILITIES (26,490 ) (26,539 )
NET LIABILITIES (8,418 ) (42,826 )

CAPITAL AND RESERVES
Called up share capital 100 100
Other reserves 97,217 97,217
Retained earnings (105,735 ) (140,143 )
SHAREHOLDERS' FUNDS (8,418 ) (42,826 )

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

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

The directors acknowledge their 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.

PEBODY PROPERTIES LIMITED (REGISTERED NUMBER: 08819555)

BALANCE SHEET - continued
31 DECEMBER 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 by the Board of Directors and authorised for issue on 29 February 2024 and were signed on its behalf by:





Mr R D Gallop - Director


PEBODY PROPERTIES LIMITED (REGISTERED NUMBER: 08819555)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

Pebody Properties Limited 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.

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 as modified by the revaluation of certain assets.

Turnover
Turnover represents rents receivable during the period. Rental income is recognised on the basis of amounts due in the period.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 33% on cost and 25% on reducing balance

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.

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties and loans to related parties and investments in non-puttable ordinary shares.

Trade and other 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

Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and on hand, deposits with banks and other short-term highly liquid investments and bank overdrafts. In the balance sheet, bank overdrafts are shown within borrowings or current liabilities.

Trade and other creditors
Short term trade 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

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 balance sheet date.


PEBODY PROPERTIES LIMITED (REGISTERED NUMBER: 08819555)

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

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Going concern
The company has the continued financial support of its directors, who have agreed not to request repayment of their loan until the company has the funds available. On this basis the directors of Pebody Properties Limited consider it appropriate to prepare accounts on the going concern basis. The financial statements do not include any adjustments that would result in the company suffering further trading losses.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023
and 31 December 2023 89,467
DEPRECIATION
At 1 January 2023 69,810
Charge for year 4,915
At 31 December 2023 74,725
NET BOOK VALUE
At 31 December 2023 14,742
At 31 December 2022 19,657

PEBODY PROPERTIES LIMITED (REGISTERED NUMBER: 08819555)

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

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 January 2023
and 31 December 2023 34,945
DEPRECIATION
At 1 January 2023 15,288
Charge for year 4,915
At 31 December 2023 20,203
NET BOOK VALUE
At 31 December 2023 14,742
At 31 December 2022 19,657

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023
and 31 December 2023 446,346
NET BOOK VALUE
At 31 December 2023 446,346
At 31 December 2022 446,346

Fair value at 31 December 2023 is represented by:
£   
Valuation in 2016 23,675
Valuation in 2018 32,878
Valuation in 2020 6,846
Valuation in 2021 56,622
Cost 326,325
446,346

If investment property had not been revalued it would have been included at the following historical cost:

2023 2022
£    £   
Cost 326,325 326,325

Investment property was valued on an open market basis on 25 April 2022 by Kent Reliance .

PEBODY PROPERTIES LIMITED (REGISTERED NUMBER: 08819555)

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

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 30 40
Prepayments 1,120 955
1,150 995

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 17,687 4,940
Trade creditors 452 -
Other creditors - 4,600
Directors' current accounts 99,860 135,294
Accruals and deferred income 26,771 22,076
144,770 166,910

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans more 5 yrs non-inst 310,164 310,164
Hire purchase contracts - 17,687
310,164 327,851

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 310,164 310,164

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 310,164 310,164

The loan is secured by a first legal charge over the property.