Company Registration No. 09123251 (England and Wales)
Peggy Porschen Chelsea Limited
Unaudited accounts
for the year ended 31 December 2023
Peggy Porschen Chelsea Limited
Unaudited accounts
Contents
Peggy Porschen Chelsea Limited
Company Information
for the year ended 31 December 2023
Directors
Peggy Maria Blandine Morrow
Bryn Robert Gwyn Morrow
Secretary
Bryn Robert Gwyn Morrow
Company Number
09123251 (England and Wales)
Registered Office
32 Madison Studios
101 Amies St
London
SW11 2JW
England
Accountants
Williams Stanley and Co
Peggy Porschen Chelsea Limited
Statement of financial position
as at 31 December 2023
Tangible assets
380,927
472,445
Cash at bank and in hand
-
43,872
Creditors: amounts falling due within one year
(315,621)
(177,334)
Net current liabilities
(294,162)
(48,107)
Total assets less current liabilities
86,765
424,338
Creditors: amounts falling due after more than one year
(903,837)
(1,072,193)
Net liabilities
(817,072)
(647,855)
Called up share capital
1
1
Profit and loss account
(817,073)
(647,856)
Shareholders' funds
(817,072)
(647,855)
For the year ending 31 December 2023 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 12 September 2024 and were signed on its behalf by
Peggy Maria Blandine Morrow
Director
Company Registration No. 09123251
Peggy Porschen Chelsea Limited
Notes to the Accounts
for the year ended 31 December 2023
Peggy Porschen Chelsea Limited is a private company, limited by shares, registered in England and Wales, registration number 09123251. The registered office is 32 Madison Studios, 101 Amies St, London, SW11 2JW, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
10 Years Straight Line
Plant & machinery
20% Straight Line
4
Tangible fixed assets
Land & buildings
Plant & machinery
Total
Cost or valuation
At cost
At cost
At 1 January 2023
734,755
116,684
851,439
Additions
2,867
3,392
6,259
At 31 December 2023
737,622
120,076
857,698
At 1 January 2023
299,028
79,966
378,994
Charge for the year
73,762
24,015
97,777
At 31 December 2023
372,790
103,981
476,771
At 31 December 2023
364,832
16,095
380,927
At 31 December 2022
435,727
36,718
472,445
Peggy Porschen Chelsea Limited
Notes to the Accounts
for the year ended 31 December 2023
Amounts falling due within one year
Accrued income and prepayments
1,236
1,732
Amounts falling due after more than one year
Amounts due from group undertakings etc.
-
14,775
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
1,834
-
Trade creditors
180,628
64,347
Taxes and social security
39,042
36,286
Other creditors
1,280
2,618
Loans from directors
-
8,616
7
Creditors: amounts falling due after more than one year
2023
2022
Amounts owed to group undertakings and other participating interests
861,106
909,817
8
Average number of employees
During the year the average number of employees was 13 (2022: 13).