Acorah Software Products - Accounts Production 15.0.600 false true 28 February 2023 1 March 2022 false 1 March 2023 29 February 2024 29 February 2024 11837047 Mr Rowan Stewart Mr Andrew Major Mr Grahame Seaman Mr Alan Waters iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11837047 2023-02-28 11837047 2024-02-29 11837047 2023-03-01 2024-02-29 11837047 frs-core:CurrentFinancialInstruments 2024-02-29 11837047 frs-core:Non-currentFinancialInstruments 2024-02-29 11837047 frs-core:ShareCapital 2024-02-29 11837047 frs-core:RetainedEarningsAccumulatedLosses 2024-02-29 11837047 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 11837047 frs-bus:FilletedAccounts 2023-03-01 2024-02-29 11837047 frs-bus:SmallEntities 2023-03-01 2024-02-29 11837047 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 11837047 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 11837047 frs-bus:Director1 2023-03-01 2024-02-29 11837047 frs-bus:Director2 2023-03-01 2024-02-29 11837047 frs-bus:Director3 2023-03-01 2024-02-29 11837047 frs-bus:Director4 2023-03-01 2024-02-29 11837047 frs-core:CurrentFinancialInstruments 1 2024-02-29 11837047 frs-countries:EnglandWales 2023-03-01 2024-02-29 11837047 2022-02-28 11837047 2023-02-28 11837047 2022-03-01 2023-02-28 11837047 frs-core:CurrentFinancialInstruments 2023-02-28 11837047 frs-core:Non-currentFinancialInstruments 2023-02-28 11837047 frs-core:ShareCapital 2023-02-28 11837047 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28 11837047 frs-core:CurrentFinancialInstruments 1 2023-02-28
Registered number: 11837047
Peckham Station Commercial Limited
Unaudited Financial Statements
For The Year Ended 29 February 2024
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 11837047
2024 2023
Notes £ £ £ £
FIXED ASSETS
Investment Properties 4 601,000 601,000
601,000 601,000
CURRENT ASSETS
Debtors 5 137,034 116,917
Cash at bank and in hand 3,109 9,606
140,143 126,523
Creditors: Amounts Falling Due Within One Year 6 (223,912 ) (222,096 )
NET CURRENT ASSETS (LIABILITIES) (83,769 ) (95,573 )
TOTAL ASSETS LESS CURRENT LIABILITIES 517,231 505,427
Creditors: Amounts Falling Due After More Than One Year 7 (461,921 ) (467,178 )
NET ASSETS 55,310 38,249
CAPITAL AND RESERVES
Called up share capital 8 4 4
Profit and Loss Account 55,306 38,245
SHAREHOLDERS' FUNDS 55,310 38,249
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Page 2
For the year ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Rowan Stewart
Director
09/09/2024
The notes on pages 3 to 5 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Peckham Station Commercial Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11837047 . The registered office is Angels House, 5 Albemarle Road, Beckenham, Kent, BR3 5HZ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
2.3. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
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.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
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4. Investment Property
2024
£
Fair Value
As at 1 March 2023 and 29 February 2024 601,000
5. Debtors
2024 2023
£ £
Due within one year
Other debtors 256 256
Intercompany 136,778 116,661
137,034 116,917
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 12,700 12,700
Bank loans and overdrafts 5,880 5,880
Corporation tax 5,534 3,718
VAT 2,500 2,500
Inter-company 193,131 193,131
Accruals and deferred income 4,167 4,167
223,912 222,096
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 461,921 467,178
461,921 467,178
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 4 4
Page 4
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9. Related Party Transactions
Included in the Other Debtors are amounts owed by companies under the control of directors Mr R Stewart, Mr
A Major, Mr A Waters & Mr Seaman;
Featherstone Homes (Southeast) Ltd - £91,594 (2023 - £91,594)
Featherstone Group Holdings Southeast Ltd - £45,184 (2023 - £25,067)
Included in the Other Creditors are amounts owed to companies under the control of directors Mr R Stewart, Mr
A Major, Mr A Waters & Mr Seaman;
Peckham Station Dev Ltd - £193,131 (2023 - £193,131)
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