Peck Property Services Limited 09171340 false 2022-07-01 2023-06-30 2023-06-30 The principal activity of the company is Property services Digita Accounts Production Advanced 6.30.9574.0 09171340 2022-07-01 2023-06-30 09171340 2023-06-30 09171340 core:CurrentFinancialInstruments core:WithinOneYear 2023-06-30 09171340 bus:SmallEntities 2022-07-01 2023-06-30 09171340 bus:AuditExemptWithAccountantsReport 2022-07-01 2023-06-30 09171340 bus:FullAccounts 2022-07-01 2023-06-30 09171340 bus:SmallCompaniesRegimeForAccounts 2022-07-01 2023-06-30 09171340 bus:RegisteredOffice 2022-07-01 2023-06-30 09171340 bus:Director1 2022-07-01 2023-06-30 09171340 bus:Director2 2022-07-01 2023-06-30 09171340 bus:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30 09171340 countries:EnglandWales 2022-07-01 2023-06-30 09171340 2022-06-30 09171340 2021-07-01 2022-06-30 09171340 2022-06-30 09171340 core:CurrentFinancialInstruments core:WithinOneYear 2022-06-30 iso4217:GBP xbrli:pure

Registration number: 09171340

Peck Property Services Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 June 2023

 

Peck Property Services Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 5

 

Peck Property Services Limited

Company Information

Directors

Mr C Peck

Mrs N M Peck

Registered office

11 Highdown Drive
Littlehampton
BN17 6HJ

Accountants

Howard Smith & Co Limited
Chartered Accountants
First Floor
Bellamy House
Winton Road
Petersfield
Hampshire
GU32 3HA

 

Peck Property Services Limited

(Registration number: 09171340)
Balance Sheet as at 30 June 2023

Note

2023
£

2022
£

Fixed assets

 

Investment property

4

140,000

115,000

Current assets

 

Cash at bank and in hand

 

2,097

3,366

Creditors: Amounts falling due within one year

5

(29,642)

(29,918)

Net current liabilities

 

(27,545)

(26,552)

Total assets less current liabilities

 

112,455

88,448

Provisions for liabilities

(6,832)

(2,082)

Net assets

 

105,623

86,366

Capital and reserves

 

Called up share capital

2

2

Retained earnings

105,621

86,364

Shareholders' funds

 

105,623

86,366

For the financial year ending 30 June 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; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 7 March 2024 and signed on its behalf by:
 

.........................................

Mr C Peck
Director

 

Peck Property Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
11 Highdown Drive
Littlehampton
BN17 6HJ

These financial statements were authorised for issue by the Board on 7 March 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Group accounts not prepared

The financial statements contain information about Peck Property Services Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company has taken the option under section 398 of the Companies Act 2006 not to prepare consolidated financial statements..

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the rent of property, inclusive of recharged expenses in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Peck Property Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2023

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by the directors. Changes in fair value are recognised in profit or loss.

Investments

Investments in subsidiary undertakings are measured at cost.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2022 - 2).

4

Investment properties

2023
£

At 1 July 2019 and 30 June 2020

115,000

Fair value adjustments

25,000

At 30 June

140,000

The investment property has been valued by Michael Jones & Company, Estate Agents, on an open market basis.

5

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Taxation and social security

1,175

1,451

Accruals and deferred income

690

690

Other creditors

27,777

27,777

29,642

29,918

 

Peck Property Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2023

6

Related party transactions

Transactions with directors

Dividends paid to directors

   

2023
£

 

2022
£

Mrs N M Peck

       

Interim dividends

 

3,000

 

7,500

         

Mr C Peck

       

Interim dividends

 

3,000

 

7,500