IRIS Accounts Production v24.1.0.578 13086706 Board of Directors 1.1.23 31.12.23 31.12.23 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh130867062022-12-31130867062023-12-31130867062023-01-012023-12-31130867062021-12-31130867062022-01-012022-12-31130867062022-12-3113086706ns15:EnglandWales2023-01-012023-12-3113086706ns14:PoundSterling2023-01-012023-12-3113086706ns10:Director12023-01-012023-12-3113086706ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3113086706ns10:SmallEntities2023-01-012023-12-3113086706ns10:AuditExempt-NoAccountantsReport2023-01-012023-12-3113086706ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3113086706ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3113086706ns10:FullAccounts2023-01-012023-12-3113086706ns10:OrdinaryShareClass12023-01-012023-12-3113086706ns10:Director22023-01-012023-12-3113086706ns10:RegisteredOffice2023-01-012023-12-3113086706ns5:CurrentFinancialInstruments2023-12-3113086706ns5:CurrentFinancialInstruments2022-12-3113086706ns5:ShareCapital2023-12-3113086706ns5:ShareCapital2022-12-3113086706ns5:RetainedEarningsAccumulatedLosses2023-12-3113086706ns5:RetainedEarningsAccumulatedLosses2022-12-3113086706ns5:PlantMachinery2023-01-012023-12-3113086706ns5:FurnitureFittings2023-01-012023-12-3113086706ns5:MotorVehicles2023-01-012023-12-3113086706ns5:PlantMachinery2022-12-3113086706ns5:FurnitureFittings2022-12-3113086706ns5:MotorVehicles2022-12-3113086706ns5:PlantMachinery2023-12-3113086706ns5:FurnitureFittings2023-12-3113086706ns5:MotorVehicles2023-12-3113086706ns5:PlantMachinery2022-12-3113086706ns5:FurnitureFittings2022-12-3113086706ns5:MotorVehicles2022-12-3113086706ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-3113086706ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-3113086706ns10:OrdinaryShareClass12023-12-31
REGISTERED NUMBER: 13086706 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

PEAAR LIMITED

PEAAR LIMITED (REGISTERED NUMBER: 13086706)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


PEAAR LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: Ms P Mande
Dr E J Routledge





REGISTERED OFFICE: 143 Holtspur Top Lane
Beaconsfield
Buckinghamshire
HP9 1BW





REGISTERED NUMBER: 13086706 (England and Wales)

PEAAR LIMITED (REGISTERED NUMBER: 13086706)

BALANCE SHEET
31 DECEMBER 2023

31.12.23 31.12.22
Notes £    £   
FIXED ASSETS
Tangible assets 4 71,239 5,082

CURRENT ASSETS
Debtors 5 6,590 1,654
Cash at bank and in hand 82,780 101,204
89,370 102,858
CREDITORS
Amounts falling due within one year 6 (15,128 ) (1,518 )
NET CURRENT ASSETS 74,242 101,340
TOTAL ASSETS LESS CURRENT LIABILITIES 145,481 106,422

CAPITAL AND RESERVES
Called up share capital 7 2 2
Retained earnings 145,479 106,420
SHAREHOLDERS' FUNDS 145,481 106,422

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.

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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 August 2024 and were signed on its behalf by:




Dr E J Routledge - Director


PEAAR LIMITED (REGISTERED NUMBER: 13086706)

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

1. STATUTORY INFORMATION

Peaar 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 goods and services, excluding value added tax and adjusted for accrued revenue calculated by reference to the fair value of services performed up to the balance sheet date but not invoiced.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Office equipment - 33% on cost
Fixtures and fittings - 25% on cost
Motor vehicles - 20% on cost

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

PEAAR LIMITED (REGISTERED NUMBER: 13086706)

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

2. ACCOUNTING POLICIES - continued

Trade and other receivables
Trade and other receivables are measured at transaction price less any impairment unless the arrangement constitutes a financing transaction in which case the transaction is measured at the present value of the future receipts discounted at the prevailing market rate of interest . Loans are initially measured at fair value and are subsequently measured at amortised cost using the effective interest method less any impairment.

Trade and other payables
Trade and other payables are measured at their transaction price unless the arrangement constitutes a financing transaction in which case the transaction is measured at present value of future payments discounted at prevailing market rate of interest. Other financial liabilities are initially measured at fair value net of their transaction costs. They are subsequently measured at amortised cost using the effective interest method.

Cash at bank
Cash at bank in the balance sheet comprise cash at banks and in hand and short term deposits with an original maturity date of three months or less.

Employee Benefits
The company recognises an accrual for accumulated annual leave accrued by employees as a result of services rendered in the current period for which employees can carry forward and use within the next year. The accrual is measured at the salary cost of the respective employee in relation to the period of absence.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Office and Motor
equipment fittings vehicles Totals
£    £    £    £   
COST
At 1 January 2023 7,243 3,000 - 10,243
Additions 2,889 - 73,454 76,343
At 31 December 2023 10,132 3,000 73,454 86,586
DEPRECIATION
At 1 January 2023 3,661 1,500 - 5,161
Charge for year 2,136 750 7,300 10,186
At 31 December 2023 5,797 2,250 7,300 15,347
NET BOOK VALUE
At 31 December 2023 4,335 750 66,154 71,239
At 31 December 2022 3,582 1,500 - 5,082

PEAAR LIMITED (REGISTERED NUMBER: 13086706)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 4,320 -
Other debtors 2,270 1,654
6,590 1,654

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Taxation and social security 13,917 253
Other creditors 1,211 1,265
15,128 1,518

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
2 Ordinary £1 2 2