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REGISTERED NUMBER: 00647812 (England and Wales)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

PEAK QUALITY HOMES LIMITED

PEAK QUALITY HOMES LIMITED (REGISTERED NUMBER: 00647812)

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


PEAK QUALITY HOMES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 December 2023







DIRECTORS: S G Mortimore
A J Mortimore
C M Meech





REGISTERED OFFICE: Kakaba
Farnham Road
Holt Pound
Farnham
GU10 4LA





REGISTERED NUMBER: 00647812 (England and Wales)





ACCOUNTANTS: Traviss & Co Ltd
Chartered Certified Accountants
Newtown House
38 Newtown Road
Liphook
Hampshire
GU30 7DX

PEAK QUALITY HOMES LIMITED (REGISTERED NUMBER: 00647812)

BALANCE SHEET
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investments 4 12,375 12,375

CURRENT ASSETS
Stocks 98,589 98,589
Debtors 5 53 789,304
Cash at bank 270,529 1,970
369,171 889,863
CREDITORS
Amounts falling due within one year 6 14,211 512,255
NET CURRENT ASSETS 354,960 377,608
TOTAL ASSETS LESS CURRENT
LIABILITIES

367,335

389,983

CAPITAL AND RESERVES
Called up share capital 30,825 30,825
Other reserves 12,300 12,300
Retained earnings 324,210 346,858
367,335 389,983

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.

PEAK QUALITY HOMES LIMITED (REGISTERED NUMBER: 00647812)

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 23 August 2024 and were signed on its behalf by:





A J Mortimore - Director


PEAK QUALITY HOMES LIMITED (REGISTERED NUMBER: 00647812)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 December 2023


1. STATUTORY INFORMATION

Peak Quality Homes 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 represents net invoiced sales of property management services and property development, excluding value added tax.

Stocks and work in progress
The carrying value of work in progress is the lower of cost or net realisable value on developments owned. Cost includes all construction and related costs, legal and professional, bank, finance fees, site inspections and loan interest.

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 ) .

PEAK QUALITY HOMES LIMITED (REGISTERED NUMBER: 00647812)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 December 2023


4. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 January 2023
and 31 December 2023 12,375
NET BOOK VALUE
At 31 December 2023 12,375
At 31 December 2022 12,375

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors - 788,930
Other debtors 53 374
53 789,304

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other creditors 14,211 512,255