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REGISTERED NUMBER: 02449371 (England and Wales)















Peckhamplex Limited

Unaudited Financial Statements

for the Year Ended 31 March 2024






Peckhamplex Limited (Registered number: 02449371)

Contents of the Financial Statements
for the year ended 31 March 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Peckhamplex Limited

Company Information
for the year ended 31 March 2024







Directors: S M Brown
M C Gray
R Makhecha
J L Reiss





Secretary: J L Reiss





Registered office: 1 St George's Terrace
London
NW1 8XH





Registered number: 02449371 (England and Wales)





Accountants: Cooper Parry Advisory Limited
New Derwent House
69-73 Theobalds Road
London
WC1X 8TA

Peckhamplex Limited (Registered number: 02449371)

Balance Sheet
31 March 2024

2024 2023
Notes £ £ £ £
Fixed assets
Tangible assets 4 251,208 242,595

Current assets
Stocks 23,718 17,749
Debtors 5 135,873 110,285
Cash at bank and in hand 443,929 521,860
603,520 649,894
Creditors
Amounts falling due within one year 6 287,633 255,006
Net current assets 315,887 394,888
Total assets less current liabilities 567,095 637,483

Provisions for liabilities 20,056 12,767
Net assets 547,039 624,716

Capital and reserves
Called up share capital 8 1,000 1,000
Retained earnings 9 546,039 623,716
Shareholders' funds 547,039 624,716

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 October 2024 and were signed on its behalf by:





J L Reiss - Director


Peckhamplex Limited (Registered number: 02449371)

Notes to the Financial Statements
for the year ended 31 March 2024


1. Statutory information

Peckhamplex 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. Accounting policies

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

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding value added tax..

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Long leasehold - in accordance with the property
Fixtures and fittings - 15% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a party to the contractual provisions of the instrument.

Trade and other debtors and creditors are classified as basic financial instruments and measured at initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company will not be able to collect all amounts due.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank and bank overdrafts which are an integral part of the Company's cash management.

Financial liabilities and equity instruments issued by the Company are classified in accordance with the
substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument.An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities. Equity instruments issued by the Company are recorded at the proceeds received, net of direct issue costs.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.


Peckhamplex Limited (Registered number: 02449371)

Notes to the Financial Statements - continued
for the year ended 31 March 2024


2. 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.

Leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Going concern
The financial statements have been prepared on a going concern basis. The Directors have reviewed and considered relevant information, including the annual budget and future cash flows in making their assessment.

3. Employees and directors

The average number of employees during the year was 31 (2023 - 32 ) .

4. Tangible fixed assets
Fixtures
Long and
leasehold fittings Totals
£ £ £
Cost
At 1 April 2023 210,197 190,790 400,987
Additions - 24,089 24,089
At 31 March 2024 210,197 214,879 425,076
Depreciation
At 1 April 2023 46,381 112,011 158,392
Charge for year 2,333 13,143 15,476
At 31 March 2024 48,714 125,154 173,868
Net book value
At 31 March 2024 161,483 89,725 251,208
At 31 March 2023 163,816 78,779 242,595

5. Debtors: amounts falling due within one year
2024 2023
£ £
Trade debtors 41,500 71,808
Other debtors 94,373 38,477
135,873 110,285

Peckhamplex Limited (Registered number: 02449371)

Notes to the Financial Statements - continued
for the year ended 31 March 2024


6. Creditors: amounts falling due within one year
2024 2023
£ £
Trade creditors 131,559 83,949
Taxation and social security 44,316 73,482
Other creditors 111,758 97,575
287,633 255,006

7. Leasing agreements
The company has a 99 year lease from April 1994 on the premises from which it operates. The disclosure below represents provisions within the tenancy agreement allowing for break on or within six months following 7 April 2028 (2023 - 7 April 2023).

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2024 2023
£ £
478,312 NIL

8. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
1,000 Ordinary 1 1,000 1,000

9. Reserves
Retained
earnings
£

At 1 April 2023 623,716
Deficit for the year (77,677 )
At 31 March 2024 546,039