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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
Page
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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
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Peggy Porschen Chelsea Limited Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
380,927 
472,445 
Current assets
Debtors
21,459 
85,355 
Cash at bank and in hand
- 
43,872 
21,459 
129,227 
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)
Capital and reserves
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
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Peggy Porschen Chelsea Limited Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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 
Depreciation
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 
Net book value
At 31 December 2023
364,832 
16,095 
380,927 
At 31 December 2022
435,727 
36,718 
472,445 
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Peggy Porschen Chelsea Limited Notes to the Accounts for the year ended 31 December 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
20,223 
- 
Accrued income and prepayments
1,236 
1,732 
Other debtors
- 
68,848 
21,459 
70,580 
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 
- 
VAT
82,959 
39,264 
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 
Accruals
9,878 
26,203 
315,621 
177,334 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
42,731 
34,296 
Amounts owed to group undertakings and other participating interests
861,106 
909,817 
Other creditors
- 
128,080 
903,837 
1,072,193 
8
Average number of employees
During the year the average number of employees was 13 (2022: 13).
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