Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-31truefalsetrue2022-04-01No description of principal activity22The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 09091939 2022-04-01 2023-03-31 09091939 2021-04-01 2022-03-31 09091939 2023-03-31 09091939 2022-03-31 09091939 c:Director2 2022-04-01 2023-03-31 09091939 d:CurrentFinancialInstruments 2023-03-31 09091939 d:CurrentFinancialInstruments 2022-03-31 09091939 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 09091939 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 09091939 d:ShareCapital 2023-03-31 09091939 d:ShareCapital 2022-03-31 09091939 d:RetainedEarningsAccumulatedLosses 2023-03-31 09091939 d:RetainedEarningsAccumulatedLosses 2022-03-31 09091939 c:FRS102 2022-04-01 2023-03-31 09091939 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 09091939 c:FullAccounts 2022-04-01 2023-03-31 09091939 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 09091939 e:PoundSterling 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure

Registered number: 09091939










PEAKE DEVELOPMENTS LTD








UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023



 
PEAKE DEVELOPMENTS LTD
REGISTERED NUMBER: 09091939

BALANCE SHEET
AS AT 31 MARCH 2023

2023
2023
2022
2022
Note
£
£
£
£

Current assets
  

Cash at bank and in hand
 4 
77,651
77,916

  
77,651
77,916

Creditors: amounts falling due within one year
 5 
(487,189)
(485,629)

Net current liabilities
  
 
 
(409,538)
 
 
(407,713)

Total assets less current liabilities
  
(409,538)
(407,713)

Net liabilities
  
(409,538)
(407,713)


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
(409,638)
(407,813)

  
(409,538)
(407,713)


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 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: 




................................................
Mrs S Peake
Director

Date: 23 December 2023

The notes on pages 2 to 3 form part of these financial statements.

Page 1

 
PEAKE DEVELOPMENTS LTD
 

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

1.


General information

Peake Developments Ltd is a private company, limited by share capital and incorporated in England and Wales. 
The company's registered office address is 2 Communications Road, Greenham Business Park, Newbury, Berkshire, England, RG19 6AB. The company's principal place of business is Court Farm, Tackley, Oxfordshire. 

2.Accounting policies

  
2.1

Basis of preparation of financial statements

The company is not expected to continue to trade and therefore the financial statements have been prepared on a basis other than that of the going concern basis.  This basis includes, where applicable, writing the company’s assets down to net realisable value.  No provision has been made for the future costs of terminating the business unless such costs were committed at the reporting date.

 
2.2

Going concern

During the year the company made a loss of £1,825 (2022: £19,824).  At the year end the company has net liabilities of £409,538 (2022: £407,713).  
As noted above the company is not expected to continue to trade and therefore the financial statements have been prepared on a basis other than that of the going concern basis.  This basis includes, where applicable, writing the company’s assets down to net realisable value. 

 
2.3

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.

 
2.4

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.

 
2.5

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.

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.

Page 2

 
PEAKE DEVELOPMENTS LTD
 

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

3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2022 - 2).


4.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
77,651
77,916

77,651
77,916



5.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
1,560
-

Other creditors
3,780
3,780

Directors' loan accounts
480,049
480,049

Accruals
1,800
1,800

487,189
485,629



Page 3