Silverfin false false 31/07/2023 01/08/2022 31/07/2023 M Machan 28/02/2023 18/07/2022 G Machan 28/02/2023 18/07/2022 M Machan 28/02/2023 15 April 2024 The principal activity of the company during the year was running a bar. 14238890 2023-07-31 14238890 bus:Director1 2023-07-31 14238890 bus:Director2 2023-07-31 14238890 bus:Director3 2023-07-31 14238890 core:CurrentFinancialInstruments 2023-07-31 14238890 core:ShareCapital 2023-07-31 14238890 core:RetainedEarningsAccumulatedLosses 2023-07-31 14238890 core:LandBuildings 2022-07-31 14238890 core:FurnitureFittings 2022-07-31 14238890 2022-07-31 14238890 core:LandBuildings 2023-07-31 14238890 core:FurnitureFittings 2023-07-31 14238890 bus:OrdinaryShareClass1 2023-07-31 14238890 2022-08-01 2023-07-31 14238890 bus:FilletedAccounts 2022-08-01 2023-07-31 14238890 bus:SmallEntities 2022-08-01 2023-07-31 14238890 bus:AuditExemptWithAccountantsReport 2022-08-01 2023-07-31 14238890 bus:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 14238890 bus:Director1 2022-08-01 2023-07-31 14238890 bus:Director2 2022-08-01 2023-07-31 14238890 bus:Director3 2022-08-01 2023-07-31 14238890 core:FurnitureFittings 2022-08-01 2023-07-31 14238890 core:LandBuildings 2022-08-01 2023-07-31 14238890 bus:OrdinaryShareClass1 2022-08-01 2023-07-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 14238890 (England and Wales)

PEACHY BAR CG LIMITED

Unaudited Financial Statements
For the financial year ended 31 July 2023
Pages for filing with the registrar

PEACHY BAR CG LIMITED

Unaudited Financial Statements

For the financial year ended 31 July 2023

Contents

PEACHY BAR CG LIMITED

BALANCE SHEET

As at 31 July 2023
PEACHY BAR CG LIMITED

BALANCE SHEET (continued)

As at 31 July 2023
Note 2023
£
Fixed assets
Tangible assets 3 18,994
18,994
Current assets
Debtors 4 48,941
48,941
Creditors: amounts falling due within one year 5 ( 132,482)
Net current liabilities (83,541)
Total assets less current liabilities (64,547)
Net liabilities ( 64,547)
Capital and reserves
Called-up share capital 6 100
Profit and loss account ( 64,647 )
Total shareholder's deficit ( 64,547)

For the financial year ending 31 July 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The financial statements of Peachy Bar CG Limited (registered number: 14238890) were approved and authorised for issue by the Director on 15 April 2024. They were signed on its behalf by:

M Machan
Director
PEACHY BAR CG LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 July 2023
PEACHY BAR CG LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 July 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year, unless otherwise stated.

General information and basis of accounting

Peachy Bar CG Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is The Pest House Bedlam Street, Hurstpierpoint, Hassocks, BN6 9EW, England, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

In 2023 the directors made the decision that the Company would cease trading and that the residual trading activities be picked up in the final set of company accounts to be prepared to 31 March 2024. As a result the financial statements have been prepared on a basis other than the going concern basis of preparation. The directors have included in the financial statements any provision for future costs, which were committed to at the balance sheet date and where appropriate the Company's assets have been written down to their net realisable value.

Reporting period length

Reporting period length - 18th July 2022 - 31st July 2023

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer.
Turnover from the sale of goods is recognised when the goods are physically delivered to the customer. Revenue from services is recognised as they are delivered.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a reducing balance basis over its expected useful life, as follows:

Land and buildings not depreciated
Fixtures and fittings 10 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

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

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

2. Employees

2023
Number
Monthly average number of persons employed by the Company during the year, including the director 4

3. Tangible assets

Land and buildings Fixtures and fittings Total
£ £ £
Cost
At 01 August 2022 0 0 0
Additions 9,327 10,000 19,327
At 31 July 2023 9,327 10,000 19,327
Accumulated depreciation
At 01 August 2022 0 0 0
Charge for the financial year 0 333 333
At 31 July 2023 0 333 333
Net book value
At 31 July 2023 9,327 9,667 18,994

4. Debtors

2023
£
Trade debtors 121
Amounts owed by Group undertakings 15,723
VAT recoverable 4,097
Other debtors 29,000
48,941

5. Creditors: amounts falling due within one year

2023
£
Trade creditors 15,893
Amounts owed to Group undertakings 3,600
Other creditors 112,989
132,482

6. Called-up share capital

2023
£
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each 100