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REGISTERED NUMBER: 04916767 (England and Wales)











Unaudited Financial Statements

for the Year Ended 30 April 2024

for

Pea Soup Limited

Pea Soup Limited (Registered number: 04916767)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Pea Soup Limited

Company Information
for the Year Ended 30 April 2024







DIRECTOR: B Baxter





REGISTERED OFFICE: 7 Eggleston Court
Riverside Park
Middlesbrough
TS2 1RU





REGISTERED NUMBER: 04916767 (England and Wales)





ACCOUNTANTS: Wasley Chapman LLP
Chartered Accountants
7 Eggleston Court
Riverside Park
Middlesbrough
TS2 1RU

Pea Soup Limited (Registered number: 04916767)

Balance Sheet
30 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,702,905 2,287,357

CURRENT ASSETS
Stocks 3,500 3,600
Debtors 5 13,932 8,402
Cash at bank 193,226 325,644
210,658 337,646
CREDITORS
Amounts falling due within one year 6 345,122 333,081
NET CURRENT (LIABILITIES)/ASSETS (134,464 ) 4,565
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,568,441

2,291,922

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 2,568,440 2,291,921
SHAREHOLDERS' FUNDS 2,568,441 2,291,922

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 director and authorised for issue on 1 August 2024 and were signed by:





B Baxter - Director


Pea Soup Limited (Registered number: 04916767)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Pea Soup 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.

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.
Fixtures and fittings - 15% on reducing balance
Computer equipment - 25% on cost

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.

Investment property
The investment property is included at open market value. No depreciation is provided in respect of investment properties. The Companies Act 2006 requires all properties to be depreciated but this requirement conflicts with the principles set out in the Financial Reporting Standard for Smaller Entities (effective April 2008) which requires that investment properties are not depreciated. The director considers that the requirements of the Financial Reporting Standards for Smaller Entities (effective April 2008) should be followed in this regard in order for the financial statements to give a true and fair view.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 2 ) .

Pea Soup Limited (Registered number: 04916767)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold and Computer
property fittings equipment Totals
£    £    £    £   
COST
At 1 May 2023 2,258,426 41,462 35,549 2,335,437
Additions 420,148 850 1,599 422,597
At 30 April 2024 2,678,574 42,312 37,148 2,758,034
DEPRECIATION
At 1 May 2023 - 24,316 23,764 48,080
Charge for year - 2,625 4,424 7,049
At 30 April 2024 - 26,941 28,188 55,129
NET BOOK VALUE
At 30 April 2024 2,678,574 15,371 8,960 2,702,905
At 30 April 2023 2,258,426 17,146 11,785 2,287,357

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 13,588 7,457
Other debtors 344 945
13,932 8,402

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 232,892 266,778
Taxation and social security 49,235 20,368
Other creditors 62,995 45,935
345,122 333,081

7. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is considered to be Mr B Baxter by virtue of his 100% holding of the ordinary share capital in the company.