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REGISTERED NUMBER: 09933865 (England and Wales)













Unaudited Financial Statements

for the Year Ended 31 December 2023

for

Peony Advisors Limited

Peony Advisors Limited (Registered number: 09933865)






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


Peony Advisors Limited

Company Information
for the Year Ended 31 December 2023







DIRECTOR: T K Clissold





REGISTERED OFFICE: Abbey House
Easby
RICHMOND
North Yorkshire
DL10 7EU





REGISTERED NUMBER: 09933865 (England and Wales)





ACCOUNTANTS: Clive Owen LLP
Chartered Accountants
140 Coniscliffe Road
DARLINGTON
Co Durham
DL3 7RT

Peony Advisors Limited (Registered number: 09933865)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 62,741 77,613
Investment property 5 447,788 447,788
510,529 525,401

CURRENT ASSETS
Debtors 6 113,861 9,106
Investments 7 422,715 218,100
Cash at bank and in hand 236,958 606,070
773,534 833,276
CREDITORS
Amounts falling due within one year 8 66,827 72,248
NET CURRENT ASSETS 706,707 761,028
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,217,236

1,286,429

PROVISIONS FOR LIABILITIES 9 9,498 11,005
NET ASSETS 1,207,738 1,275,424

CAPITAL AND RESERVES
Called up share capital 10 1,020 1,020
Retained earnings 1,206,718 1,274,404
SHAREHOLDERS' FUNDS 1,207,738 1,275,424

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 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.

Peony Advisors Limited (Registered number: 09933865)

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 20 September 2024 and were signed by:





T K Clissold - Director


Peony Advisors Limited (Registered number: 09933865)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Peony Advisors 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.

There were no material departures from that standard.

The financial statements have been prepared on a basis other than that of a going concern, as the director intends to place the company into a member's voluntary liquidation in September 2024. Assets are therefore reflected at their estimated recoverable amounts, and liabilities fully provided for. This did not result in any additional adjustments.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Income recognition
Due to the nature of the company's work there is uncertainty around the income due on services provided up to the point where the payment is received from the client. A sales invoice is issued at that point, which is also the point income is recognised in the accounts.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Motor vehicles - 20% on cost
Computer equipment - 33% on cost

Tangible fixed assets are recognised at cost less accumulated depreciation.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.


Peony Advisors Limited (Registered number: 09933865)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

2. ACCOUNTING POLICIES - continued
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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Financial instruments
Basic financial instruments are recognised at amortised cost with charges recognised in profit or loss.

Current asset investments
Listed investments are held at fair value, with changes reported in the profit & loss account.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Freehold Motor Computer
property vehicles equipment Totals
£    £    £    £   
COST
At 1 January 2023
and 31 December 2023 29,716 67,890 4,028 101,634
DEPRECIATION
At 1 January 2023 2,970 18,104 2,947 24,021
Charge for year 594 13,578 700 14,872
At 31 December 2023 3,564 31,682 3,647 38,893
NET BOOK VALUE
At 31 December 2023 26,152 36,208 381 62,741
At 31 December 2022 26,746 49,786 1,081 77,613

Peony Advisors Limited (Registered number: 09933865)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023
and 31 December 2023 447,788
NET BOOK VALUE
At 31 December 2023 447,788
At 31 December 2022 447,788

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors - 8,106
Corporation tax debtor 1,257 -
Directors' current accounts 112,604 -
Prepayments and accrued income - 1,000
113,861 9,106

7. CURRENT ASSET INVESTMENTS
2023 2022
£    £   
Listed investments 422,715 218,100

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 1,814 177
Other creditors 59,943 63,943
Accruals and deferred income 5,070 8,128
66,827 72,248

9. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 9,498 11,005

Deferred
tax
£   
Balance at 1 January 2023 11,005
Deferred tax movement (1,507 )
Balance at 31 December 2023 9,498

Peony Advisors Limited (Registered number: 09933865)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

10. CALLED UP SHARE CAPITAL

Alloted, issued and fully paid
Number Class Nominal value 2023 2022
£    £   
700 Ordinary £1 700 700
7 Ordinary A £1 7 7
7 Ordinary B £1 7 7
306 Ordinary C £1 306 306
1,020 1,020


The 'Ordinary', 'A Ordinary', 'B Ordinary' and 'C Ordinary' shares constitute different classes of shares for the purposes of the Companies Act 2006. They carry the right to receive notice of meetings and attend and vote at general meetings with the exception of the 'Ordinary C' shares, where the holders have no entitlement to receive notice of or attend or vote at general meetings.

The directors shall be entitled to pay such different rates of dividend as they shall from time to time decide.

11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2023 and 31 December 2022:

2023 2022
£    £   
T K Clissold
Balance outstanding at start of year - 140,759
Amounts advanced 367,121 68,241
Amounts repaid (254,517 ) (209,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 112,604 -