REGISTERED NUMBER: |
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 |
FOR |
PEAK PARTNERS LTD |
REGISTERED NUMBER: |
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 |
FOR |
PEAK PARTNERS LTD |
PEAK PARTNERS LTD (REGISTERED NUMBER: 09114827) |
CONTENTS OF THE FINANCIAL STATEMENTS |
for the year ended 31 March 2024 |
Page |
Company Information | 1 |
Statement of Financial Position | 2 |
Notes to the Financial Statements | 4 |
Chartered Accountants' Report | 7 |
PEAK PARTNERS LTD |
COMPANY INFORMATION |
for the year ended 31 March 2024 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
39 Berwyn Road |
Richmond |
Surrey |
TW10 5BU |
PEAK PARTNERS LTD (REGISTERED NUMBER: 09114827) |
STATEMENT OF FINANCIAL POSITION |
31 March 2024 |
2024 | 2023 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank |
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
6 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital | 7 |
Retained earnings |
SHAREHOLDERS' FUNDS |
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. |
PEAK PARTNERS LTD (REGISTERED NUMBER: 09114827) |
STATEMENT OF FINANCIAL POSITION - continued |
31 March 2024 |
The financial statements were approved by the Board of Directors and authorised for issue on |
PEAK PARTNERS LTD (REGISTERED NUMBER: 09114827) |
NOTES TO THE FINANCIAL STATEMENTS |
for the year ended 31 March 2024 |
1. | Statutory information |
Peak Partners Ltd is a |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | Accounting policies |
Basis of preparing the financial statements |
Significant judgements and estimates |
The director has not been required to make any material critical judgements in the process of applying the company's accounting policies. |
Turnover |
Turnover arises from the provision of consultancy services. Revenue is recognised when the outcome of a transaction can be estimated reliably, by reference to the stage of completion of the transaction at the end of the reporting period. |
Tangible fixed assets |
Fixtures and fittings | - |
Office equipment | - |
Financial instruments |
Financial instruments are recognised when the company becomes party to the contractual provisions of the financial instrument. The company holds only basic financial instruments which comprise cash and cash equivalents and loans. |
Cash and cash equivalents - these include deposits held with banks. |
Loans - these are initially recognised at the transaction price and are subsequently measured at amortised cost using the effective interest method, less any provision for impairment. Amounts that are receivable within one year are measured at the undiscounted amount expected to be receivable, net of any impairment. |
Taxation |
Taxation for the year comprises current tax. Tax is recognised in the Income Statement. |
Current taxation assets and liabilities are not discounted. |
Current tax is recognised at the amount of tax payable using the tax rates and laws that that have been enacted or substantively enacted by the statement of financial position date. |
PEAK PARTNERS LTD (REGISTERED NUMBER: 09114827) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the year ended 31 March 2024 |
2. | Accounting policies - continued |
Pension costs |
The company makes company contributions to the directors' personal pension schemes. The pension costs charged to profit or loss represent the contributions paid during the period. |
3. | Employees and directors |
The average number of employees during the year was |
4. | Tangible fixed assets |
Fixtures |
and | Office |
fittings | equipment | Totals |
£ | £ | £ |
Cost |
At 1 April 2023 |
and 31 March 2024 |
Depreciation |
At 1 April 2023 |
Charge for year |
At 31 March 2024 |
Net book value |
At 31 March 2024 |
At 31 March 2023 |
5. | Debtors: amounts falling due within one year |
2024 | 2023 |
£ | £ |
Amounts owed by related parties |
Prepayments and accrued income |
The amounts owed by related parties is made up of: |
(a) An unsecured loan of £68,000 (2023 - £68,000) repayable on demand and bearing interest at the higher of 1% and base rate but not exceeding 2%. |
(b) A working capital loan scheme which finances single, high value items and is repaid once the item is sold generating a return of 5% of the profit made on that item. The amount outstanding at 31 March 2024 was £40,920 (2023 - £40,920). |
PEAK PARTNERS LTD (REGISTERED NUMBER: 09114827) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the year ended 31 March 2024 |
6. | Creditors: amounts falling due within one year |
2024 | 2023 |
£ | £ |
Corporation tax |
Director's loan |
Accrued expenses |
7. | Called up share capital |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2024 | 2023 |
value: | £ | £ |
Ordinary | £1 | 100 | 100 |
8. | Related party disclosures |
During the year there were no movements on the loan to the The Whisky Source Ltd. The Whisky Source Ltd is controlled by Robert Hugo Webber, son of Nigel John Webber who controls this company. |
The amount owed by The Whisky Source Ltd is made up of: |
(a) An unsecured loan of £68,000 (2023 - £68,000) repayable on demand and bearing interest at the higher of 1% and base rate but not exceeding 2%. |
(b) A working capital loan scheme which finances single, high value items and is repaid once the item is sold generating a return of 5% of the profit made on that item. The amount outstanding at 31 March 2024 was £40,920 (2023 - £40,920). |
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS |
ON THE UNAUDITED FINANCIAL STATEMENTS OF |
PEAK PARTNERS LTD |
The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies. |
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Peak Partners Ltd for the year ended 31 March 2024 which comprise the Income Statement, Statement of Financial Position, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us. |
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance. |
This report is made solely to the Board of Directors of Peak Partners Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Peak Partners Ltd and state those matters that we have agreed to state to the Board of Directors of Peak Partners Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Peak Partners Ltd and its Board of Directors, as a body, for our work or for this report. |
It is your duty to ensure that Peak Partners Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Peak Partners Ltd. You consider that Peak Partners Ltd is exempt from the statutory audit requirement for the year. |
We have not been instructed to carry out an audit or a review of the financial statements of Peak Partners Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements. |
Chartered Accountants |
39 Berwyn Road |
Richmond |
Surrey |
TW10 5BU |