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REGISTERED NUMBER: 03246325 (England and Wales)
















Unaudited Financial Statements for the Year Ended 31 December 2023

for


Peakheights Limited


Peakheights Limited (Registered number: 03246325)


Contents of the Financial Statements

for the Year Ended 31 December 2023











Page



Company Information  

1



Balance Sheet  

2



Notes to the Financial Statements  

4




Peakheights Limited


Company Information

for the Year Ended 31 December 2023









DIRECTORS:

Mrs T Becker


Mr A C Becker


Mr J Hager







SECRETARY:

Mr A C Becker







REGISTERED OFFICE:

5 North End Road


London


NW11 7RJ







REGISTERED NUMBER:

03246325 (England and Wales)







ACCOUNTANTS:

Martin+Heller


5 North End Road


London


NW11 7RJ


Peakheights Limited (Registered number: 03246325)


Balance Sheet

31 December 2023


31.12.23

31.12.22



Notes

£

£

£

£

FIXED ASSETS

Tangible assets

4

2


3



Investments

5

3,238


3,238



Investment property

6

950,000


950,000



953,240


953,241




CURRENT ASSETS

Stocks

7

106,559


106,559



Debtors

8

558,513


539,000



Cash at bank

227,900


138,900



892,972


784,459



CREDITORS

Amounts falling due within one year

9

98,017


82,345



NET CURRENT ASSETS

794,955


702,114



TOTAL ASSETS LESS CURRENT

LIABILITIES

1,748,195


1,655,355




CREDITORS

Amounts falling due after more than one

year

10

(12,929

)

(21,516

)



PROVISIONS FOR LIABILITIES

(95,739

)

(95,739

)


NET ASSETS

1,639,527


1,538,100




CAPITAL AND RESERVES

Called up share capital

12

100


100



Non distributable reserves

13

562,416


562,416



Retained earnings

13

1,077,011


975,584



SHAREHOLDERS' FUNDS

1,639,527


1,538,100




The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.  


The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.  


The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.


Peakheights Limited (Registered number: 03246325)


Balance Sheet - continued

31 December 2023



The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.  


In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.


The financial statements were approved by the Board of Directors and authorised for issue on 8 April 2024 and were signed on its behalf by:






Mr A C Becker - Director



Peakheights Limited (Registered number: 03246325)


Notes to the Financial Statements

for the Year Ended 31 December 2023



1.

STATUTORY INFORMATION



Peakheights Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.


2.

ACCOUNTING POLICIES



Basis of preparing the financial statements


These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.    



Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.


Tangible fixed assets


Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.  


Plant and machinery

-

25% on reducing balance


Computer equipment

-

25% on reducing balance



Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.


Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.


Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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

3.

EMPLOYEES AND DIRECTORS



The average number of employees during the year was 3 (2022 - 3 ) .


Peakheights Limited (Registered number: 03246325)


Notes to the Financial Statements - continued

for the Year Ended 31 December 2023



4.

TANGIBLE FIXED ASSETS

Plant and

Computer


machinery

equipment

Totals



£

£

£


COST


At 1 January 2023


and 31 December 2023

285


1,603


1,888




DEPRECIATION


At 1 January 2023

285


1,600


1,885




Charge for year

-


1


1




At 31 December 2023

285


1,601


1,886




NET BOOK VALUE


At 31 December 2023

-


2


2




At 31 December 2022

-


3


3




5.

FIXED ASSET INVESTMENTS



Investments (neither listed nor unlisted) were as follows:

31.12.23

31.12.22



£

£


Collectable Whiskies

3,238


3,238




6.

INVESTMENT PROPERTY

Total



£


FAIR VALUE


At 1 January 2023


and 31 December 2023

950,000




NET BOOK VALUE


At 31 December 2023

950,000




At 31 December 2022

950,000





Fair value at 31 December 2023 is represented by:


£


Valuation in 2016

278,155




Valuation in 2017

130,000




Valuation in 2019

250,000




Cost

291,845



950,000




7.

STOCKS

31.12.23

31.12.22



£

£


Stocks

106,559


106,559




Peakheights Limited (Registered number: 03246325)


Notes to the Financial Statements - continued

for the Year Ended 31 December 2023



8.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR


31.12.23

31.12.22



£

£


Trade debtors

2,211


(3,122

)



Other debtors

556,302


542,122



558,513


539,000




9.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR


31.12.23

31.12.22



£

£


Bank loans and overdrafts (see note 11)

8,753


8,753




Trade creditors

(1

)

-




Taxation and social security

15,710


37




Other creditors

73,555


73,555



98,017


82,345




10.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE

YEAR


31.12.23

31.12.22



£

£


Bank loans (see note 11)

12,929


21,516




11.

LOANS



An analysis of the maturity of loans is given below:


31.12.23

31.12.22



£

£


Amounts falling due within one year or on demand:


Bank loans

8,753


8,753




Rent deposit received

1,800


1,800



10,553


10,553





Amounts falling due between one and two years:


Bank loans - 1-2 years

8,753


8,753





Amounts falling due between two and five years:


Bank loans - 2-5 years

4,176


12,763




12.

CALLED UP SHARE CAPITAL



Allotted, issued and fully paid:


Number:

Class:

Nominal

31.12.23

31.12.22


value:


£

£


100

Ordinary

£1

100


100




Peakheights Limited (Registered number: 03246325)


Notes to the Financial Statements - continued

for the Year Ended 31 December 2023



13.

RESERVES

Non


Retained

distributable


earnings

reserves

Totals



£

£

£



At 1 January 2023

975,584


562,416


1,538,000




Profit for the year

101,427


101,427




At 31 December 2023

1,077,011


562,416


1,639,427