Peer Polo Limited 14542632 false 2022-12-15 2023-12-31 2023-12-31 The principal activity of the company is a professional polo sports club Digita Accounts Production Advanced 6.30.9574.0 true true 14542632 2022-12-15 2023-12-31 14542632 2023-12-31 14542632 core:CurrentFinancialInstruments 2023-12-31 14542632 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 14542632 bus:SmallEntities 2022-12-15 2023-12-31 14542632 bus:AuditExemptWithAccountantsReport 2022-12-15 2023-12-31 14542632 bus:FullAccounts 2022-12-15 2023-12-31 14542632 bus:SmallCompaniesRegimeForAccounts 2022-12-15 2023-12-31 14542632 bus:RegisteredOffice 2022-12-15 2023-12-31 14542632 bus:Director1 2022-12-15 2023-12-31 14542632 bus:PrivateLimitedCompanyLtd 2022-12-15 2023-12-31 14542632 countries:EnglandWales 2022-12-15 2023-12-31 iso4217:GBP xbrli:pure

Registration number: 14542632

Peer Polo Limited

Unaudited Filleted Financial Statements

for the Period from 15 December 2022 to 31 December 2023

 

Peer Polo Limited

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 3

 

Peer Polo Limited

(Registration number: 14542632)
Balance Sheet as at 31 December 2023

Note

2023
£

Current assets

 

Stocks

4

252,369

Debtors

5

120,197

Cash at bank and in hand

 

275,827

 

648,393

Creditors: Amounts falling due within one year

6

(2,152,896)

Net liabilities

 

(1,504,503)

Capital and reserves

 

Called up share capital

100

Retained earnings

(1,504,603)

Shareholders' deficit

 

(1,504,503)

For the financial period ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 13 September 2024 and signed on its behalf by:
 

.........................................
Philipp Mueller
Director

 

Peer Polo Limited

Notes to the Unaudited Financial Statements for the Period from 15 December 2022 to 31 December 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
2 Old Bath Road
Newbury
Berkshire
RG14 1QL
England

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis. The director is committed to keep funding the company by a way of directors loans.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.

 

Peer Polo Limited

Notes to the Unaudited Financial Statements for the Period from 15 December 2022 to 31 December 2023

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 2.

4

Stocks

2023
£

Other inventories

252,369

5

Debtors

Current

2023
£

Prepayments

63,802

Other debtors

56,395

 

120,197

6

Creditors

Creditors: amounts falling due within one year

2023
£

Due within one year

Trade creditors

83,139

Other creditors

2,069,757

2,152,896

7

Related party transactions

Other transactions with directors

P Mueller (director) had a loan account with the company. At the balance sheet date the amount due to P Mueller was £2,066,507.