Registered number
13516062
Peanut Property Holdings Limited
Filleted Accounts
31 December 2023
Peanut Property Holdings Limited
Registered number: 13516062
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 490,000 471,590
Current assets
Cash at bank and in hand 94,669 2,687
Net current assets 94,114 2,687
Total assets less current liabilities 584,114 474,277
Creditors: amounts falling due after more than one year 4 (563,328) (476,785)
Net assets/(liabilities) 20,786 (2,508)
Capital and reserves
Called up share capital 10 10
Revaluation reserve 5 18,410 -
Profit and loss account 2,366 (2,518)
Shareholders' funds 20,786 (2,508)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
H C Staelens
Director
Approved by the board on 28 February 2024
Peanut Property Holdings Limited
Notes to the Accounts
for the year ended 31 December 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Investment property nil
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Investment property
£
Cost
At 1 January 2023 471,590
Additions 18,410
At 31 December 2023 490,000
Depreciation
At 31 December 2023 -
Net book value
At 31 December 2023 490,000
At 31 December 2022 471,590
4 Creditors: amounts falling due after one year 2023 2022
£ £
Mortgages 327,755 327,755
Directors loan 235,573 149,030
563,328 476,785
5 Revaluation reserve 2023 2022
£ £
Gain on revaluation of land and buildings 18,410 -
At 31 December 2023 18,410 -
6 Controlling party
The company is controlled by H C Staelens.
7 Other information
Peanut Property Holdings Limited is a private company limited by shares and incorporated in England. Its registered office is:
Rotunda Buildings
Montpellier Exchange
Cheltenham
Glos
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