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REGISTERED NUMBER: 05026224 (England and Wales)















Financial Statements

for the Year Ended 31 December 2023

for

PEACH 20/20 LIMITED

PEACH 20/20 LIMITED (REGISTERED NUMBER: 05026224)

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


PEACH 20/20 LIMITED

Company Information
for the year ended 31 December 2023







Directors: A J Giles
D S Walsh
P C Martin





Secretary: A J Giles





Registered office: Waterloo Place
Watson Square
Stockport
Cheshire
SK1 3AZ





Registered number: 05026224 (England and Wales)





Auditors: CLA Evelyn Partners Limited
Northern Assurance Buildings
9-21 Princess Street
Manchester
M2 4DN

PEACH 20/20 LIMITED (REGISTERED NUMBER: 05026224)

Balance Sheet
31 December 2023

2023 2022
Notes £ £ £ £
Fixed assets
Intangible assets 5 210,000 240,000
Tangible assets 6 469 691
210,469 240,691

Current assets
Debtors 7 109,672 128,266
Cash at bank 40,387 16,218
150,059 144,484
Creditors
Amounts falling due within one year 8 276,312 226,152
Net current liabilities (126,253 ) (81,668 )
Total assets less current liabilities 84,216 159,023

Capital and reserves
Called up share capital 9 33,334 33,334
Share premium 10 199,542 199,542
Other reserves 10 444,000 444,000
Retained earnings 10 (592,660 ) (517,853 )
Shareholders' funds 84,216 159,023

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 Board of Directors and authorised for issue on 17 September 2024 and were signed on its behalf by:





A J Giles - Director


PEACH 20/20 LIMITED (REGISTERED NUMBER: 05026224)

Notes to the Financial Statements
for the year ended 31 December 2023


1. Statutory information

Peach 20/20 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. Statement of compliance

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.

3. Accounting policies

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

The presentation currency of these financial statements is Sterling. All amounts in these financial statements have been rounded to the nearest £1.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the company's accounting policies.

The following principal accounting policies have been applied:

Going concern
As at year end the company has net current liabilities. The company is dependent, in the absence of other funding, on the continued financial support from a company under common control. The company under common control has confirmed its commitment to provide the necessary support by providing adequate facilities.

On that basis the directors consider it appropriate to prepare the financial statements on a going concern basis.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2020, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33% straight line

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses.

Financial instruments
Short term debtors are measured at transaction price, less any impairment.

Short term creditors are measured at the transaction price.

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.

PEACH 20/20 LIMITED (REGISTERED NUMBER: 05026224)

Notes to the Financial Statements - continued
for the year ended 31 December 2023


3. 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.

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.

4. Employees and directors

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

5. Intangible fixed assets
Goodwill
£
Cost
At 1 January 2023
and 31 December 2023 300,000
Amortisation
At 1 January 2023 60,000
Charge for year 30,000
At 31 December 2023 90,000
Net book value
At 31 December 2023 210,000
At 31 December 2022 240,000

PEACH 20/20 LIMITED (REGISTERED NUMBER: 05026224)

Notes to the Financial Statements - continued
for the year ended 31 December 2023


6. Tangible fixed assets
Computer
equipment
£
Cost
At 1 January 2023 921
Additions 128
At 31 December 2023 1,049
Depreciation
At 1 January 2023 230
Charge for year 350
At 31 December 2023 580
Net book value
At 31 December 2023 469
At 31 December 2022 691

7. Debtors: amounts falling due within one year
2023 2022
£ £
Trade debtors 37,584 109,254
Other debtors 72,088 19,012
109,672 128,266

8. Creditors: amounts falling due within one year
2023 2022
£ £
Other loans 200,000 150,000
Trade creditors 27,269 43,447
Other creditors 462 -
Accruals and deferred income 48,581 32,705
276,312 226,152

9. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £ £
33,334 Ordinary £1 33,334 33,334

PEACH 20/20 LIMITED (REGISTERED NUMBER: 05026224)

Notes to the Financial Statements - continued
for the year ended 31 December 2023


10. Reserves

Called up share capital

The called up share capital represents the nominal value of the shares issued.

Share premium account

The premium account includes the premium on issue of equity shares, net of any issue costs.

Capital contribution reserve

The capital contribution reserve represents amounts advanced by the parent company for settling outstanding liabilities.

Profit and loss account

The profit and loss account represents cumulative profits or losses net of dividends paid and other adjustments.

11. Disclosure under Section 444(5B) of the Companies Act 2006

The Report of the Auditors was unqualified.

Antony Sassen (Senior Statutory Auditor)
for and on behalf of CLA Evelyn Partners Limited

12. Related party disclosures

During the year there were purchases of £110,215 (2022- £89,246) with companies under common control. At year end there were amounts owed to companies under control of £14,545 (2022- £38,446) included in trade creditors.

Included in other loans is a loan balance of £200,000 (2022 - £150,000) with a company under common control. The loan carries no interest and is repayable on demand.

During the year there were purchases of £89,451 (2022 - £121,141) and sales of £NIL (2022 - £28,800) with a shareholder. At year end there were amounts owed to a shareholder of £8,527 (2022 - £1,335) included in trade creditors.

13. Post balance sheet events

In June 2024 Mondiale Media Limited became the ultimate controlling party.

14. Ultimate controlling party

The immediate parents undertaking of the company is Mondiale Hospitality Holdings LLP, incorporated in England and Wales. Their registered office is Waterloo Place, Watson Square, Stockport, Cheshire, SK1 3AZ.

The parent undertaking and ultimate controlling party of the smallest and largest group for which consolidated accounts are prepared is Mondiale Hospitality Holdings LLP incorporated in England and Wales. Consolidated accounts are available from their registered at Waterloo Place, Watson Square, Stockport, Cheshire, SK1 3AZ.

Mondiale Hospitality Holdings LLP is directed by Damian Walsh, who has majority interest.