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REGISTERED NUMBER: 01439824 (England and Wales)













Financial Statements

for the Year Ended 31 December 2023

for

F. Pepperdine and Sons Limited

F. Pepperdine and Sons Limited (Registered number: 01439824)






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


F. Pepperdine and Sons Limited

Company Information
for the year ended 31 December 2023







DIRECTOR: P Pepperdine



SECRETARY: Mrs M J Pepperdine



REGISTERED OFFICE: 24 Sincil Street
LINCOLN
Lincolnshire
LN5 7ET



REGISTERED NUMBER: 01439824 (England and Wales)



ACCOUNTANTS: Nicholsons
Chartered Accountants
Newland House
The Point
Weaver Road
LINCOLN
Lincolnshire
LN6 3QN



BANKERS: NatWest Bank Plc
225 High Street
LINCOLN
Lincolnshire
LN2 1AZ

F. Pepperdine and Sons Limited (Registered number: 01439824)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 172,229 173,861

CURRENT ASSETS
Stocks 4,055 3,120
Debtors 5 20,707 19,981
Cash at bank and in hand 646,584 557,668
671,346 580,769
CREDITORS
Amounts falling due within one year 6 439,799 443,194
NET CURRENT ASSETS 231,547 137,575
TOTAL ASSETS LESS CURRENT
LIABILITIES

403,776

311,436

PROVISIONS FOR LIABILITIES 10,823 9,506
NET ASSETS 392,953 301,930

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 7 42,686 42,686
Retained earnings 350,167 259,144
392,953 301,930

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 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.

F. Pepperdine and Sons Limited (Registered number: 01439824)

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 director and authorised for issue on 5 August 2024 and were signed by:





P Pepperdine - Director


F. Pepperdine and Sons Limited (Registered number: 01439824)

Notes to the Financial Statements
for the year ended 31 December 2023

1. STATUTORY INFORMATION

F. Pepperdine and Sons 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.
Land and buildings - Straight line over 50 years and Freehold land - Nil
Plant and machinery etc - 25% on reducing balance and 20% on reducing balance

Land & buildings are measured at fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Any revaluation increase or decrease is credited or debited to the revaluation reserve. A transfer is made each year from the revaluation reserve to the profit and loss reserve equivalent to the excess depreciation that has been charged under the revaluation model less the depreciation that would have been charged under the cost model.

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

Financial instruments
Only basic financial instruments as defined in FRS 102 are held. Financial assets and financial liabilities are recognised in the accounts only when the entity becomes party to the contractual provisions of the instrument and their measurement basis is as follows

Financial assets - trade and other debtors are basic financial instruments and are debt instruments measured at amortised cost. Prepayments are not financial instruments.

Cash at bank is classified as a basic financial instrument and is measured at transaction price.

Financial liabilities - trade creditors, accruals and other creditors are basic financial instruments, and are measured at amortised cost. Where a financial liability constitutes a financing transaction it is initially and subsequently measured at the present value of future payments, discounted at a market rate of interest.


F. Pepperdine and Sons Limited (Registered number: 01439824)

Notes to the Financial Statements - continued
for the year ended 31 December 2023

2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2022 - 7 ) .

F. Pepperdine and Sons Limited (Registered number: 01439824)

Notes to the Financial Statements - continued
for the year ended 31 December 2023

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST OR VALUATION
At 1 January 2023 148,662 247,633 396,295
Additions - 11,750 11,750
At 31 December 2023 148,662 259,383 408,045
DEPRECIATION
At 1 January 2023 31,944 190,490 222,434
Charge for year 1,452 11,930 13,382
At 31 December 2023 33,396 202,420 235,816
NET BOOK VALUE
At 31 December 2023 115,266 56,963 172,229
At 31 December 2022 116,718 57,143 173,861

Cost or valuation at 31 December 2023 is represented by:

Plant and
Land and machinery
buildings etc Totals
£    £    £   
Valuation in 2000 148,662 259,383 408,045

If freehold property had not been revalued it would have been included at the following historical cost:

2023 2022
£    £   
Cost 97,626 97,626
Aggregate depreciation 34,090 34,090

Value of land in freehold land and buildings 47,000 47,000

Freehold property was valued on an open market basis on 16 August 2000 by Banks Long & Co. .

Additional corporation tax of £nil (2022: £nil) would become due in the event of the freehold property being sold at it's revalued amount.

In the opinion of the directors the value of freehold property is stated at fair value and is not materially different to the last professional valuation carried out.

F. Pepperdine and Sons Limited (Registered number: 01439824)

Notes to the Financial Statements - continued
for the year ended 31 December 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 11,030 12,173
Other debtors 9,677 7,808
20,707 19,981

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 59,577 73,972
Taxation and social security 33,062 14,888
Other creditors 347,160 354,334
439,799 443,194

7. RESERVES
Revaluatio
reserve
£   
At 1 January 2023
and 31 December 2023 42,686

8. RELATED PARTY DISCLOSURES

Included in creditors, is a director's loan account of £342,388 (2022: £340,562) relating to Mr P Pepperdine. The loan is unsecured and interest free.