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Registration number: 07495089

Peanut FX Ltd

Unaudited Filleted Financial Statements

for the Year Ended 31 January 2024

 

Peanut FX Ltd

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 8

 

Peanut FX Ltd

Company Information

Directors

Ms Amelie Guyot

Mr Peregrine McCafferty

Registered office

12 Ramsgate Street
London
E8 2NA

Accountants

Michaelides Warner & Co
102 Fulham Palace Road
London
W6 9PL

 

Peanut FX Ltd

(Registration number: 07495089)
Balance Sheet as at 31 January 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

2,207

3,112

Current assets

 

Debtors

5

7,683

31,220

Cash at bank and in hand

 

236,233

285,351

 

243,916

316,571

Creditors: Amounts falling due within one year

6

(36,678)

(95,480)

Net current assets

 

207,238

221,091

Net assets

 

209,445

224,203

Capital and reserves

 

Called up share capital

7

2

2

Retained earnings

209,443

224,201

Shareholders' funds

 

209,445

224,203

For the financial year ending 31 January 2024 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 6 March 2024 and signed on its behalf by:
 

 

Peanut FX Ltd

(Registration number: 07495089)
Balance Sheet as at 31 January 2024

.........................................
Ms Amelie Guyot
Director

 

Peanut FX Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

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:
12 Ramsgate Street
London
E8 2NA
England

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.

Going concern

The financial statements have been prepared on a going concern basis. The business has been affected by covid but that continuing effects are not expected and the directors consider that the business will continue as a going concern.

Judgements in applying accounting policies and key sources of estimatation uncertainty and estimates

The directors consider that there are no key judgements that management have made in the process of applying the company’s accounting policies and that may have had a significant effect on the amounts recognised in the financial statements.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services 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.

 

Peanut FX Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

Tax

The tax expense for the period comprises current 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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures & fittings

25% straight line basis

Office equipment

25% straight line basis

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

 

Peanut FX Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

Financial instruments

Classification
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like investments, trade and other receivables, cash and bank balances, trade and other creditors.

Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or cash consolidation expected to be paid or received.

 

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 February 2023

36,861

36,861

At 31 January 2024

36,861

36,861

Depreciation

At 1 February 2023

33,749

33,749

Charge for the year

905

905

At 31 January 2024

34,654

34,654

Carrying amount

At 31 January 2024

2,207

2,207

At 31 January 2023

3,112

3,112

 

Peanut FX Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

5

Debtors

Current

2024
£

2023
£

Trade debtors

7,683

31,220

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

1,186

79

Taxation and social security

15,118

53,237

Accruals and deferred income

1,500

1,500

Other creditors

18,874

40,664

36,678

95,480

7

Share capital

Allotted, called up and fully paid shares

 

2024

2023

 

No.

£

No.

£

Ordinary share of £1 each

2

2

2

2

         
 

Peanut FX Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

8

Related party transactions

Transactions with directors

2024

At 1 February 2023
£

Repayments by director
£

At 31 January 2024
£

Ms Amelie Guyot

Amount owed to/(from) the director

17,299

(8,620)

8,679

       
     

Mr Peregrine McCafferty

Amount due to/(from) the Director

17,299

(8,620)

8,679

       
     

 

2023

At 1 February 2022
£

Repayments by director
£

At 31 January 2023
£

Ms Amelie Guyot

Amount owed to/(from) the director

11,157

6,141

17,299

       
     

Mr Peregrine McCafferty

Amount due to/(from) the Director

11,157

6,141

17,299