2023-08-012024-07-312024-07-31false05034538PETEROCK LIMITED2024-10-11iso4217:GBPxbrli:pure050345382023-08-01050345382024-07-31050345382023-08-012024-07-31050345382022-08-01050345382023-07-31050345382022-08-012023-07-3105034538bus:SmallEntities2023-08-012024-07-3105034538bus:AuditExempt-NoAccountantsReport2023-08-012024-07-3105034538bus:FullAccounts2023-08-012024-07-3105034538bus:PrivateLimitedCompanyLtd2023-08-012024-07-3105034538core:WithinOneYear2024-07-3105034538core:AfterOneYear2024-07-3105034538core:WithinOneYear2023-07-3105034538core:AfterOneYear2023-07-3105034538core:ShareCapital2024-07-3105034538core:SharePremium2024-07-3105034538core:RevaluationReserve2024-07-3105034538core:OtherReservesSubtotal2024-07-3105034538core:RetainedEarningsAccumulatedLosses2024-07-3105034538core:ShareCapital2023-07-3105034538core:SharePremium2023-07-3105034538core:RevaluationReserve2023-07-3105034538core:OtherReservesSubtotal2023-07-3105034538core:RetainedEarningsAccumulatedLosses2023-07-3105034538core:LandBuildings2024-07-3105034538core:PlantMachinery2024-07-3105034538core:Vehicles2024-07-3105034538core:FurnitureFittings2024-07-3105034538core:OfficeEquipment2024-07-3105034538core:NetGoodwill2024-07-3105034538core:IntangibleAssetsOtherThanGoodwill2024-07-3105034538core:ListedExchangeTraded2024-07-3105034538core:UnlistedNon-exchangeTraded2024-07-3105034538core:LandBuildings2023-07-3105034538core:PlantMachinery2023-07-3105034538core:Vehicles2023-07-3105034538core:FurnitureFittings2023-07-3105034538core:OfficeEquipment2023-07-3105034538core:NetGoodwill2023-07-3105034538core:IntangibleAssetsOtherThanGoodwill2023-07-3105034538core:ListedExchangeTraded2023-07-3105034538core:UnlistedNon-exchangeTraded2023-07-3105034538core:LandBuildings2023-08-012024-07-3105034538core:PlantMachinery2023-08-012024-07-3105034538core:Vehicles2023-08-012024-07-3105034538core:FurnitureFittings2023-08-012024-07-3105034538core:OfficeEquipment2023-08-012024-07-3105034538core:NetGoodwill2023-08-012024-07-3105034538core:IntangibleAssetsOtherThanGoodwill2023-08-012024-07-3105034538core:ListedExchangeTraded2023-08-012024-07-3105034538core:UnlistedNon-exchangeTraded2023-08-012024-07-3105034538core:MoreThanFiveYears2023-08-012024-07-3105034538core:Non-currentFinancialInstruments2024-07-3105034538core:Non-currentFinancialInstruments2023-07-3105034538dpl:CostSales2023-08-012024-07-3105034538dpl:DistributionCosts2023-08-012024-07-3105034538core:LandBuildings2023-08-012024-07-3105034538core:PlantMachinery2023-08-012024-07-3105034538core:Vehicles2023-08-012024-07-3105034538core:FurnitureFittings2023-08-012024-07-3105034538core:OfficeEquipment2023-08-012024-07-3105034538dpl:AdministrativeExpenses2023-08-012024-07-3105034538core:NetGoodwill2023-08-012024-07-3105034538core:IntangibleAssetsOtherThanGoodwill2023-08-012024-07-3105034538dpl:GroupUndertakings2023-08-012024-07-3105034538dpl:ParticipatingInterests2023-08-012024-07-3105034538dpl:GroupUndertakingscore:ListedExchangeTraded2023-08-012024-07-3105034538core:ListedExchangeTraded2023-08-012024-07-3105034538dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-08-012024-07-3105034538core:UnlistedNon-exchangeTraded2023-08-012024-07-3105034538dpl:CostSales2022-08-012023-07-3105034538dpl:DistributionCosts2022-08-012023-07-3105034538core:LandBuildings2022-08-012023-07-3105034538core:PlantMachinery2022-08-012023-07-3105034538core:Vehicles2022-08-012023-07-3105034538core:FurnitureFittings2022-08-012023-07-3105034538core:OfficeEquipment2022-08-012023-07-3105034538dpl:AdministrativeExpenses2022-08-012023-07-3105034538core:NetGoodwill2022-08-012023-07-3105034538core:IntangibleAssetsOtherThanGoodwill2022-08-012023-07-3105034538dpl:GroupUndertakings2022-08-012023-07-3105034538dpl:ParticipatingInterests2022-08-012023-07-3105034538dpl:GroupUndertakingscore:ListedExchangeTraded2022-08-012023-07-3105034538core:ListedExchangeTraded2022-08-012023-07-3105034538dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-08-012023-07-3105034538core:UnlistedNon-exchangeTraded2022-08-012023-07-3105034538core:NetGoodwill2024-07-3105034538core:IntangibleAssetsOtherThanGoodwill2024-07-3105034538core:LandBuildings2024-07-3105034538core:PlantMachinery2024-07-3105034538core:Vehicles2024-07-3105034538core:FurnitureFittings2024-07-3105034538core:OfficeEquipment2024-07-3105034538core:AfterOneYear2024-07-3105034538core:WithinOneYear2024-07-3105034538core:ListedExchangeTraded2024-07-3105034538core:UnlistedNon-exchangeTraded2024-07-3105034538core:ShareCapital2024-07-3105034538core:SharePremium2024-07-3105034538core:RevaluationReserve2024-07-3105034538core:OtherReservesSubtotal2024-07-3105034538core:RetainedEarningsAccumulatedLosses2024-07-3105034538core:NetGoodwill2023-07-3105034538core:IntangibleAssetsOtherThanGoodwill2023-07-3105034538core:LandBuildings2023-07-3105034538core:PlantMachinery2023-07-3105034538core:Vehicles2023-07-3105034538core:FurnitureFittings2023-07-3105034538core:OfficeEquipment2023-07-3105034538core:AfterOneYear2023-07-3105034538core:WithinOneYear2023-07-3105034538core:ListedExch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PETEROCK LIMITED

Registered Number
05034538
(England and Wales)

Unaudited Financial Statements for the Year ended
31 July 2024

PETEROCK LIMITED
Company Information
for the year from 1 August 2023 to 31 July 2024

Directors

FITCH, Elinor
FITCH, Gillian Barbara
FITCH, Michael Craig

Company Secretary

FITCH, Gillian

Registered Address

222 Quadrangle Tower
Cambridge Square
London
W2 2PJ

Registered Number

05034538 (England and Wales)
PETEROCK LIMITED
Balance Sheet as at
31 July 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Investments3422,136422,136
422,136422,136
Current assets
Debtors485,88991,640
Cash at bank and on hand20,38829,833
106,277121,473
Creditors amounts falling due within one year5(101,469)(101,462)
Net current assets (liabilities)4,80820,011
Total assets less current liabilities426,944442,147
Creditors amounts falling due after one year6(400,000)(400,000)
Net assets26,94442,147
Capital and reserves
Called up share capital33
Profit and loss account26,94142,144
Shareholders' funds26,94442,147
The financial statements were approved and authorised for issue by the Board of Directors on 11 October 2024, and are signed on its behalf by:
FITCH, Michael Craig
Director
Registered Company No. 05034538
PETEROCK LIMITED
Notes to the Financial Statements
for the year ended 31 July 2024

1.Accounting policies
Statutory information
Peterock Limited is a private company limited by shares and is incorporated in England and registered under Company Registration Number 05034538. The company's registered office is situated at 222 Quadrangle Tower, Cambridge Square, London, W2 2PJ.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Going concern
The financial statements have been prepared on a going concern basis.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which they relate.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
2.Average number of employees

20242023
Average number of employees during the year21
3.Fixed asset investments

Investments in groups1

Total

££
Cost or valuation
At 01 August 23422,136422,136
At 31 July 24422,136422,136
Net book value
At 31 July 24422,136422,136
At 31 July 23422,136422,136

Notes

1Investments in group undertakings and participating interests
4.Debtors: amounts due within one year

2024

2023

££
Amounts owed by group undertakings74,7379,912
Other debtors-70,576
Deferred tax asset, debtors11,15211,152
Total85,88991,640
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
5.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables177170
Taxation and social security4242
Other creditors100,000100,000
Accrued liabilities and deferred income1,2501,250
Total101,469101,462
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
6.Creditors: amounts due after one year

2024

2023

££
Other creditors400,000400,000
Total400,000400,000
7.Provisions for liabilities
Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation. Provisions are charged as an expense to the Profit and Loss account in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the Balance Sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties. When payments are eventually made, they are charged to the provision carried in the Balance Sheet.
8.Related party transactions
During the year Peterock Limited received management fee income, made interest payments and paid consultancy fees to related parties. These transactions were taken in the normal course of business with outstanding balances repayable on normal commercial terms. At 31st July 2024 Peterock owed £444,541 (2023: £400,000) to related parties and was owed £74,737 (2023: £80,488) by related parties.