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Logo On Report
Registered Number: SC709683
Scotland

 

 

 

PEG HOMES LTD


Unaudited Financial Statements
 


Period of accounts

Start date: 01 October 2022

End date: 30 September 2023
Directors Karen Ackers
Mike Ackers
Registered Number SC709683
Registered Office 40 Wellshot Drive
Cambuslang
Glasgow
G72 8BT
Accountants Libratum Consultancy Ltd
83 Coreshill Crescent

Lanarkshire
ML3 8FD
1
  2023   2022
    £ £   £ £
Fixed assets   88,010      84,523 
Current assets 1,799      1,049   
Creditors: amount falling due within one year (41,066)     (5,168)  
Net current liabilities   (39,267)     (4,119)
Total assets less current liabilities   48,743      80,404 
Creditors: amount falling due after more than one year   (46,654)     (80,227)
Net assets   2,089      177 
 

         
Capital and reserves   2,089      177 
 
NOTES TO THE ACCOUNTS

General Information
Peg Homes Ltd is a private company, limited by shares, registered in Scotland, registration number SC709683, registration address 40 Wellshot Drive, Cambuslang, Glasgow, G72 8BT.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 105 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and machinery etc 4
Investment properties
Investment properties are properties held to earn rentals and/or for capital appreciation.
Investment properties should be recognised initially at cost and subsequently investment properties are measured at fair value. Gains and losses arising from changes in the fair value of investment properties are included in profit or loss in the period in which they arise.
2.

Tangible fixed assets

Cost or valuation Fixtures and Fittings   Investment properties   Total
  £   £   £
At 01 October 2022    
Additions 4,650    84,523    89,173 
Disposals    
At 30 September 2023 4,650    84,523    89,173 
Depreciation
At 01 October 2022    
Charge for year 1,163      1,163 
On disposals    
At 30 September 2023 1,163      1,163 
Net book values
Closing balance as at 30 September 2023 3,487    84,523    88,010 
Opening balance as at 01 October 2022   84,523    84,523 


3.

Average number of employees

Average number of employees during the year was 0 (2022 : 0).


For the year ended 30 September 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' Responsibilities:
The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.

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.

These accounts have been prepared in accordance with the micro-entity provisions of the Companies Act 2006 and FRS 105, the Financial Reporting Standard applicable to the micro-entities regime. The accounts have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the board of directors on 28 November 2023 and were signed on its behalf by:


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Mike Ackers
Director
2