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REGISTERED NUMBER: 07218458 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2023

for

Sarah Peach Limited

Sarah Peach Limited (Registered number: 07218458)






Contents of the Financial Statements
for the Year Ended 30 April 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Sarah Peach Limited

Company Information
for the Year Ended 30 April 2023







DIRECTOR: Mrs S Peach





SECRETARY: Miss C T A Prados-Peach





REGISTERED OFFICE: 33 Meadow View Road
Sheffield
South Yorkshire
S8 7TN





REGISTERED NUMBER: 07218458 (England and Wales)





ACCOUNTANTS: Underwood Green
Pinnacle House
1 Pinnacle Way
Derby
Derbyshire
DE24 8ZS

Sarah Peach Limited (Registered number: 07218458)

Balance Sheet
30 April 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 568,093 562,824

CURRENT ASSETS
Debtors 5 60,062 28,523
Cash at bank 10,544 98,992
70,606 127,515
CREDITORS
Amounts falling due within one year 6 5,617 52,310
NET CURRENT ASSETS 64,989 75,205
TOTAL ASSETS LESS CURRENT
LIABILITIES

633,082

638,029

PROVISIONS FOR LIABILITIES 11,977 10,976
NET ASSETS 621,105 627,053

CAPITAL AND RESERVES
Called up share capital 7 1 1
Non distributable reserve 8 51,058 46,790
Retained earnings 570,046 580,262
SHAREHOLDERS' FUNDS 621,105 627,053

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

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 director and authorised for issue on 18 January 2024 and were signed by:



Mrs S Peach - Director


Sarah Peach Limited (Registered number: 07218458)

Notes to the Financial Statements
for the Year Ended 30 April 2023

1. STATUTORY INFORMATION

Sarah Peach 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 rent receivable.

Investment property
Investment property is shown at the most recent valuation. Any aggregate surplus or deficit arising from changes in the market value is recognised in profit or loss.

A transfer is made from retained earnings to the non distributable reserve for the amount of any market value surplus or deficit net of deferred tax provided.

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

Sarah Peach Limited (Registered number: 07218458)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 May 2022 562,824
Revaluations 5,269
At 30 April 2023 568,093
NET BOOK VALUE
At 30 April 2023 568,093
At 30 April 2022 562,824

Fair value at 30 April 2023 is represented by:
£   
Valuation in 2023 568,093

If investment properties had not been revalued they would have been included at the following historical cost:

2023 2022
£    £   
Cost 505,058 505,058

Investment properties were valued on an open market basis on 30 April 2023 by the director of Sarah Peach Limited .

5. DEBTORS
2023 2022
£    £   
Amounts falling due within one year:
Directors' current accounts 60,062 -

Amounts falling due after more than one year:
Dues from Leslie George
Saunders Limited - 28,523
- 28,523

Aggregate amounts 60,062 28,523

None of the above amounts related to amounts due from the director or shareholder of the company either directly or indirectly.

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Tax 4,453 5,164
Directors' current accounts - 46,030
Accruals and deferred income 1,164 1,116
5,617 52,310

Sarah Peach Limited (Registered number: 07218458)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1 Ordinary £1 1 1

8. RESERVES
Non
distributable
reserve
£   
At 1 May 2022 46,790
Transfer between reserves 4,268

At 30 April 2023 51,058

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 April 2023 and 30 April 2022:

2023 2022
£    £   
Mrs S Peach
Balance outstanding at start of year (46,030 ) (19,411 )
Amounts advanced 151,041 20,065
Amounts repaid (44,949 ) (46,684 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 60,062 (46,030 )

Interest was charged on the director's advances at HM Revenue & Customs official rate of interest being 2% per annum.

The overdrawn directors loan account was cleared within 9 months of the year end.