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REGISTERED NUMBER: 07080154 (England and Wales)



Unaudited Financial Statements

for the Year Ended 30th November 2023

for

Peak46 Ltd

Peak46 Ltd (Registered number: 07080154)






Contents of the Financial Statements
for the Year Ended 30th November 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Peak46 Ltd

Company Information
for the Year Ended 30th November 2023







DIRECTOR: S J Lloyd





REGISTERED OFFICE: 2 York Villa Close
Filby
Norfolk
NR29 3JN





REGISTERED NUMBER: 07080154 (England and Wales)





ACCOUNTANTS: Laytons
Chartered Accountants
6 Manchester Road
Buxton
Derbyshire
SK17 6SB

Peak46 Ltd (Registered number: 07080154)

Abridged Balance Sheet
30th November 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 34,000 50,472
Investments 5 100 100
34,100 50,572

CURRENT ASSETS
Stocks - 41,531
Debtors 7,346 1,814
Cash at bank 94,097 94,449
101,443 137,794
CREDITORS
Amounts falling due within one year 4,214 29,983
NET CURRENT ASSETS 97,229 107,811
TOTAL ASSETS LESS CURRENT LIABILITIES 131,329 158,383

PROVISIONS FOR LIABILITIES 30,703 30,703
NET ASSETS 100,626 127,680

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 100,526 127,580
SHAREHOLDERS' FUNDS 100,626 127,680

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th November 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.

Peak46 Ltd (Registered number: 07080154)

Abridged Balance Sheet - continued
30th November 2023


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

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 30th November 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 29th August 2024 and were signed by:





S J Lloyd - Director


Peak46 Ltd (Registered number: 07080154)

Notes to the Financial Statements
for the Year Ended 30th November 2023

1. STATUTORY INFORMATION

Peak46 Ltd 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.
Plant and machinery etc - 33% on reducing balance, 25% on reducing balance and 15% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

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 NIL (2022 - NIL).

Peak46 Ltd (Registered number: 07080154)

Notes to the Financial Statements - continued
for the Year Ended 30th November 2023

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1st December 2022
and 30th November 2023 364,678
DEPRECIATION
At 1st December 2022 314,206
Charge for year 16,472
At 30th November 2023 330,678
NET BOOK VALUE
At 30th November 2023 34,000
At 30th November 2022 50,472

5. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
At 1st December 2022
and 30th November 2023 100
NET BOOK VALUE
At 30th November 2023 100
At 30th November 2022 100

6. RELATED PARTY DISCLOSURES

During the year the company provided services to Peak Processing Limited of £139,201 (2022: £80,321) and received services from Peak Processing Limited of NIL (2022: NIL). At the year end the company was owed £3,059 (2022: NIL) from Peak Processing Limited and included in trade creditors is an amount of NIL (2022: NIL) owed by the company to Peak Processing Limited.

Peak46 Limited owns 100% of the share capital in Peak Processing Limited.