2023-02-012024-01-312024-01-31false13859552PEACHY MORTGAGES LIMITED2024-07-10iso4217:GBPxbrli:pure138595522023-02-01138595522024-01-31138595522023-02-012024-01-31138595522022-01-19138595522023-01-31138595522022-01-192023-01-3113859552bus:SmallEntities2023-02-012024-01-3113859552bus:AuditExempt-NoAccountantsReport2023-02-012024-01-3113859552bus:FullAccounts2023-02-012024-01-3113859552bus:PrivateLimitedCompanyLtd2023-02-012024-01-3113859552core:WithinOneYear2024-01-3113859552core:AfterOneYear2024-01-3113859552core:WithinOneYear2023-01-3113859552core:AfterOneYear2023-01-311385955212023-02-012024-01-3113859552core:ShareCapital2024-01-3113859552core:SharePremium2024-01-3113859552core:RevaluationReserve2024-01-3113859552core:OtherReservesSubtotal2024-01-3113859552core:RetainedEarningsAccumulatedLosses2024-01-3113859552core:ShareCapital2023-01-3113859552core:SharePremium2023-01-3113859552core:RevaluationReserve2023-01-3113859552core:OtherReservesSubtotal2023-01-3113859552core:RetainedEarningsAccumulatedLosses2023-01-3113859552core:LandBuildings2024-01-3113859552core:PlantMachinery2024-01-3113859552core:Vehicles2024-01-3113859552core:FurnitureFittings2024-01-3113859552core:OfficeEquipment2024-01-3113859552core:NetGoodwill2024-01-3113859552core:IntangibleAssetsOtherThanGoodwill2024-01-3113859552core:ListedExchangeTraded2024-01-3113859552core:UnlistedNon-exchangeTraded2024-01-3113859552core:LandBuildings2023-01-3113859552core:PlantMachinery2023-01-3113859552core:Vehicles2023-01-3113859552core:FurnitureFittings2023-01-3113859552core:OfficeEquipment2023-01-3113859552core:NetGoodwill2023-01-3113859552core:IntangibleAssetsOtherThanGoodwill2023-01-3113859552core:ListedExchangeTraded2023-01-3113859552core:UnlistedNon-exchangeTraded2023-01-3113859552core:LandBuildings2023-02-012024-01-3113859552core:PlantMachinery2023-02-012024-01-3113859552core:Vehicles2023-02-012024-01-3113859552core:FurnitureFittings2023-02-012024-01-3113859552core:OfficeEquipment2023-02-012024-01-3113859552core:NetGoodwill2023-02-012024-01-3113859552core:IntangibleAssetsOtherThanGoodwill2023-02-012024-01-3113859552core:ListedExchangeTraded2023-02-012024-01-3113859552core:UnlistedNon-exchangeTraded2023-02-012024-01-3113859552core:MoreThanFiveYears2023-02-012024-01-3113859552core:Non-currentFinancialInstruments2024-01-3113859552core:Non-currentFinancialInstruments2023-01-3113859552dpl:CostSales2023-02-012024-01-3113859552dpl:DistributionCosts2023-02-012024-01-3113859552core:LandBuildings2023-02-012024-01-3113859552core:PlantMachinery2023-02-012024-01-3113859552core:Vehicles2023-02-012024-01-3113859552core:FurnitureFittings2023-02-012024-01-3113859552core:OfficeEquipment2023-02-012024-01-3113859552dpl:AdministrativeExpenses2023-02-012024-01-3113859552core:NetGoodwill2023-02-012024-01-3113859552core:IntangibleAssetsOtherThanGoodwill2023-02-012024-01-3113859552dpl:GroupUndertakings2023-02-012024-01-3113859552dpl:ParticipatingInterests2023-02-012024-01-3113859552dpl:GroupUndertakingscore:ListedExchangeTraded2023-02-012024-01-3113859552core:ListedExchangeTraded2023-02-012024-01-3113859552dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-02-012024-01-3113859552core:UnlistedNon-exchangeTraded2023-02-012024-01-3113859552dpl:CostSales2022-01-192023-01-3113859552dpl:DistributionCosts2022-01-192023-01-3113859552core:LandBuildings2022-01-192023-01-3113859552core:PlantMachinery2022-01-192023-01-3113859552core:Vehicles2022-01-192023-01-3113859552core:FurnitureFittings2022-01-192023-01-3113859552core:OfficeEquipment2022-01-192023-01-3113859552dpl:AdministrativeExpenses2022-01-192023-01-3113859552core:NetGoodwill2022-01-192023-01-3113859552core:IntangibleAssetsOtherThanGoodwill2022-01-192023-01-3113859552dpl:GroupUndertakings2022-01-192023-01-3113859552dpl:ParticipatingInterests2022-01-192023-01-3113859552dpl:GroupUndertakingscore:ListedExchangeTraded2022-01-192023-01-3113859552core:ListedExchangeTraded2022-01-192023-01-3113859552dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-01-192023-01-3113859552core:UnlistedNon-exchangeTraded2022-01-192023-01-3113859552core:NetGoodwill2024-01-3113859552core:IntangibleAssetsOtherThanGoodwill2024-01-3113859552core:LandBuildings2024-01-3113859552core:PlantMachinery2024-01-3113859552core:Vehicles2024-01-3113859552core:FurnitureFittings2024-01-3113859552core:OfficeEquipment2024-01-3113859552core:AfterOneYear2024-01-3113859552core:WithinOneYear2024-01-3113859552core:ListedExchangeTraded2024-01-3113859552core:UnlistedNon-exchangeTraded2024-01-3113859552core:ShareCapital2024-01-3113859552core:SharePremium2024-01-3113859552core:RevaluationReserve2024-01-3113859552core:OtherReservesSubtotal2024-01-3113859552core:RetainedEarningsAccumulatedLosses2024-01-3113859552core:NetGoodwill2023-01-3113859552core:IntangibleAssetsOtherThanGoodwill2023-01-3113859552core:LandBuildings2023-01-3113859552core:PlantMachinery2023-01-3113859552core:Vehicles2023-01-3113859552core:FurnitureFittings2023-01-3113859552core:OfficeEquipment2023-01-3113859552core:AfterOneYear2023-01-3113859552core:WithinOneYear2023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PEACHY MORTGAGES LIMITED

(formerly JAMES EDWARD EVANS FINANCIAL SERVICES LIMITED)

Registered Number
13859552
(England and Wales)

Unaudited Financial Statements for the Year ended
31 January 2024

PEACHY MORTGAGES LIMITED
Company Information
for the year from 1 February 2023 to 31 January 2024

Director

Mr James Edward Evans

Registered Address

12 Tentercroft Street
Lincoln
LN5 7DB

Place of Business

39 Winthorpe Road

Arnold

Nottingham

NG5 7LE


Registered Number

13859552 (England and Wales)
PEACHY MORTGAGES LIMITED
Balance Sheet as at
31 January 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets38,2712,119
8,2712,119
Current assets
Debtors41,577-
Cash at bank and on hand4,6786,949
6,2556,949
Creditors amounts falling due within one year5(13,300)(8,793)
Net current assets (liabilities)(7,045)(1,844)
Total assets less current liabilities1,226275
Net assets1,226275
Capital and reserves
Called up share capital11
Profit and loss account1,225274
Shareholders' funds1,226275
The financial statements were approved and authorised for issue by the Director on 10 July 2024, and are signed on its behalf by:
Mr James Edward Evans
Director
Registered Company No. 13859552
PEACHY MORTGAGES LIMITED
Notes to the Financial Statements
for the year ended 31 January 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover policy
Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company's activities. Turnover is shown net of commission clawbacks, rebates and discounts. The company recognises revenue when: The amount of revenue can be reliably measured; it is probable that future economic benefits will flow to the entity; and specific criteria have been met for each of the company's activities.
Revenue from rendering of services
Revenue 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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
Current taxation
Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.
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.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Plant and equipment is used for the company's principal activity and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Reducing balance (%)
Vehicles20
Office Equipment25
Trade and other debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business. Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Trade and other creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities. Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
Share capital
Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of new ordinary shares or options are shown in equity as a deduction, net of tax, from the proceeds.
2.Average number of employees

20242023
Average number of employees during the year11
3.Tangible fixed assets

Vehicles

Office Equipment

Total

£££
Cost or valuation
At 01 February 23-2,8252,825
Additions6,5001,6178,117
At 31 January 246,5004,44210,942
Depreciation and impairment
At 01 February 23-706706
Charge for year1,0838821,965
At 31 January 241,0831,5882,671
Net book value
At 31 January 245,4172,8548,271
At 31 January 23-2,1192,119
4.Debtors: amounts due within one year

2024

2023

££
Prepayments and accrued income1,577-
Total1,577-
5.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables266-
Taxation and social security11,0876,979
Other creditors14613
Accrued liabilities and deferred income1,8011,801
Total13,3008,793