Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-312023-06-01falseNo description of principal activity11falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 13396805 2023-06-01 2023-12-31 13396805 2022-06-01 2023-05-31 13396805 2023-12-31 13396805 2023-05-31 13396805 c:Director1 2023-06-01 2023-12-31 13396805 d:OfficeEquipment 2023-06-01 2023-12-31 13396805 d:OfficeEquipment 2023-12-31 13396805 d:OfficeEquipment 2023-05-31 13396805 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-06-01 2023-12-31 13396805 d:FreeholdInvestmentProperty 2023-12-31 13396805 d:FreeholdInvestmentProperty 2023-05-31 13396805 d:CurrentFinancialInstruments 2023-12-31 13396805 d:CurrentFinancialInstruments 2023-05-31 13396805 d:Non-currentFinancialInstruments 2023-12-31 13396805 d:Non-currentFinancialInstruments 2023-05-31 13396805 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 13396805 d:CurrentFinancialInstruments d:WithinOneYear 2023-05-31 13396805 d:ShareCapital 2023-12-31 13396805 d:ShareCapital 2023-05-31 13396805 d:RetainedEarningsAccumulatedLosses 2023-12-31 13396805 d:RetainedEarningsAccumulatedLosses 2023-05-31 13396805 c:OrdinaryShareClass1 2023-06-01 2023-12-31 13396805 c:OrdinaryShareClass1 2023-12-31 13396805 c:OrdinaryShareClass1 2023-05-31 13396805 c:OrdinaryShareClass2 2023-06-01 2023-12-31 13396805 c:OrdinaryShareClass2 2023-12-31 13396805 c:OrdinaryShareClass2 2023-05-31 13396805 c:OrdinaryShareClass3 2023-06-01 2023-12-31 13396805 c:OrdinaryShareClass3 2023-12-31 13396805 c:OrdinaryShareClass3 2023-05-31 13396805 c:FRS102 2023-06-01 2023-12-31 13396805 c:AuditExempt-NoAccountantsReport 2023-06-01 2023-12-31 13396805 c:FullAccounts 2023-06-01 2023-12-31 13396805 c:PrivateLimitedCompanyLtd 2023-06-01 2023-12-31 13396805 2 2023-06-01 2023-12-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 13396805










PEGSDON PROPERTY GROUP LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 DECEMBER 2023

 
PEGSDON PROPERTY GROUP LIMITED
REGISTERED NUMBER: 13396805

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2023

31 December
31 May
2023
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
1,694
-

Investment property
 5 
321,979
321,979

  
323,673
321,979

Current assets
  

Debtors: amounts falling due after more than one year
 6 
58,000
58,000

Cash at bank and in hand
  
1,894
26,193

  
59,894
84,193

Creditors: amounts falling due within one year
 7 
(378,910)
(406,319)

Net current liabilities
  
 
 
(319,016)
 
 
(322,126)

Total assets less current liabilities
  
4,657
(147)

  

Net assets/(liabilities)
  
4,657
(147)


Capital and reserves
  

Called up share capital 
 8 
8,000
8,000

Profit and loss account
  
(3,343)
(8,147)

  
4,657
(147)


Page 1

 
PEGSDON PROPERTY GROUP LIMITED
REGISTERED NUMBER: 13396805
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2023

The director considers 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 period in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his 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 income and retained earnings 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 on 17 January 2024.




W Spencer
Director

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
PEGSDON PROPERTY GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

1.Accounting policies

 
1.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
1.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
1.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
1.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
1.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 3

 
PEGSDON PROPERTY GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

1.Accounting policies (continued)


1.5
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Office equipment
-
20%
straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
1.6

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
1.7

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.

 
1.8

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.

 
1.9

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.

Financial instruments are recognised in the Company's Statement of financial position when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

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
Page 4

 
PEGSDON PROPERTY GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

1.Accounting policies (continued)


1.9
Financial instruments (continued)

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.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument 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.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.


2.


General information

Pegsdon Property Group Limited is a private company, limited by shares and incorporated in England.
Its registered number is: 13396805
The address of its Registered office is:
Copford House
40 Royal Oak Lane
Pirton
Hitchin
SG5 3QT

Page 5

 
PEGSDON PROPERTY GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

3.


Employees

The average monthly number of employees, including the director, during the period was as follows:


        2023
        2023
            No.
            No.







Director
1
1


4.


Tangible fixed assets







Office equipment

£



Cost or valuation


Additions
2,117



At 31 December 2023

2,117



Depreciation


Charge for the period on owned assets
423



At 31 December 2023

423



Net book value



At 31 December 2023
1,694



At 31 May 2023
-

Page 6

 
PEGSDON PROPERTY GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

5.


Investment property





Freehold investment property

£



Valuation


At 1 June 2023
321,979



At 31 December 2023
321,979

The 2023 valuations were made by the director, on an open market value for existing use basis.


31 December
31 May
2023
2023
£
£


Historic cost
321,979
321,979

321,979
321,979


6.


Debtors


Due after more than one year

Amounts owed by related parties
58,000
58,000

58,000
58,000



7.


Creditors: Amounts falling due within one year

31 December
31 May
2023
2023
£
£

Payments received on account
-
3,129

Other creditors
378,310
402,110

Accruals and deferred income
600
1,080

378,910
406,319



8.


Share capital

Page 7

 
PEGSDON PROPERTY GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023
31 December
31 May
2023
2023
£
£
Allotted, called up and fully paid



4,000 (2023 - 4,000) A shares of £1.00 each
4,000.00
4,000.00
2,000 (2023 - 2,000) B shares of £1.00 each
2,000.00
2,000.00
2,000 (2023 - 2,000) C shares of £1.00 each
2,000.00
2,000.00

8,000.00

8,000.00


 
Page 8