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Logo On Report
Registered Number: 13263967
England and Wales

 

 

 

PEACH PROPERTY DEVELOPMENT LIMITED


Abridged Accounts
 


Period of accounts

Start date: 01 April 2023

End date: 31 March 2024
Chartered Management Accountants' report to the board of directors on the preparation of the unaudited statutory accounts Peach Property Development Limited for the year ended 31 March 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Peach Property Development Limited for the year ended 31 March 2024 which comprise of the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Chartered Institute of Management Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.cimaglobal.com.
This report is made solely to the Board of Directors of Peach Property Development Limited , as a body, in accordance with the terms of our engagement letter dated 12 August 2024. Our work has been undertaken solely to prepare for your approval the accounts of Peach Property Development Limited and state those matters that we have agreed to state to the Board of Directors of Peach Property Development Limited, as a body, in this report in accordance with the requirements of the Chartered Institute of Management Accountants as detailed at http://www.cimaglobal.com. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Peach Property Development Limited and its Board of Directors as a body for our work or for this report
It is your duty to ensure that Peach Property Development Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit Peach Property Development Limited. You consider that Peach Property Development Limited is exempt from the statutory audit requirement for the year
We have not been instructed to carry out an audit or a review of the accounts of Peach Property Development Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.



....................................................
Rivington Accounts Ltd
Bank House
6-8 Church Street
Adlington
Lancashire
PR7 4EX
12 August 2024
1
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Tangible fixed assets 3 830,001    872,482 
830,001    872,482 
Current assets      
Stocks   164,534 
Cash at bank and in hand 7,630    5,017 
7,630    169,551 
Creditors: amount falling due within one year (1,000)   6 
Net current assets 6,630    169,557 
 
Total assets less current liabilities 836,631    1,042,039 
Creditors: amount falling due after more than one year (1,043,375)   (1,204,994)
Net assets (206,744)   (162,955)
 

Capital and reserves
     
Called up share capital 4 12    12 
Profit and loss account (206,756)   (162,967)
Shareholders' funds (206,744)   (162,955)
 


For the year ended 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the board of directors on 12 August 2024 and were signed on its behalf by:


-------------------------------
Ian Horton
Director
2
General Information
Peach Property Development Limited is a private company, limited by shares, registered in England and Wales, registration number 13263967, registration address Bank House 6-8 Church Street, Adlington, Lancashire, PR7 4EX.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Investment properties
Investment properties are properties held to earn rentals and/or for capital appreciation.
Investment properties should be recognised initially at cost and subsequently investment properties are measured at fair value. Gains and losses arising from changes in the fair value of investment properties are included in profit or loss in the period in which they arise.
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
2.

Average number of employees

Average number of employees during the year was 0 (2023 : 0).
3.

Tangible fixed assets

Cost or valuation Investment properties   Total
  £   £
At 01 April 2023 872,483    872,483 
Additions  
Disposals (269,355)   (269,355)
Revaluations 226,873    226,873 
At 31 March 2024 830,001    830,001 
Depreciation
At 01 April 2023  
Charge for year  
On disposals  
At 31 March 2024  
Net book values
Closing balance as at 31 March 2024 830,001    830,001 
Opening balance as at 01 April 2023 872,482    872,482 


4.

Share Capital

Allotted, called up and fully paid
2024
£
  2023
£
12 Class A shares of £1.00 each 12    12 
12    12 

3