Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-3112023-04-01falsetrueNo description of principal activitytrue1The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 09419344 2023-04-01 2024-03-31 09419344 2022-04-01 2023-03-31 09419344 2024-03-31 09419344 2023-03-31 09419344 c:Director1 2023-04-01 2024-03-31 09419344 d:FreeholdInvestmentProperty 2024-03-31 09419344 d:FreeholdInvestmentProperty 2023-03-31 09419344 d:CurrentFinancialInstruments 2024-03-31 09419344 d:CurrentFinancialInstruments 2023-03-31 09419344 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 09419344 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 09419344 d:ShareCapital 2024-03-31 09419344 d:ShareCapital 2023-03-31 09419344 d:RetainedEarningsAccumulatedLosses 2024-03-31 09419344 d:RetainedEarningsAccumulatedLosses 2023-03-31 09419344 c:FRS102 2023-04-01 2024-03-31 09419344 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 09419344 c:FullAccounts 2023-04-01 2024-03-31 09419344 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 09419344 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: 09419344









PEAK CHAPLET LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
PEAK CHAPLET LIMITED
REGISTERED NUMBER: 09419344

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024

2024
2024
2023
2023
Note
£
£
£
£

Fixed assets
  

Investment property
 4 
1,440,000
1,440,000

  
1,440,000
1,440,000

Current assets
  

Cash at bank and in hand
  
104,212
116,715

  
104,212
116,715

Creditors: amounts falling due within one year
 5 
(1,390,521)
(1,455,860)

Net current liabilities
  
 
 
(1,286,309)
 
 
(1,339,145)

Total assets less current liabilities
  
153,691
100,855

  

Net assets
  
153,691
100,855


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
153,591
100,755

  
153,691
100,855


Page 1

 
PEAK CHAPLET LIMITED
REGISTERED NUMBER: 09419344
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2024

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 16 October 2024.




C Pan
Director

Page 2

 
PEAK CHAPLET LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Peak Chaplet Limited is a private company limited by shares registered in England and Wales. The address of its registered office is 124 Finchley Road, London NW3 5JS and its principal place of business is at 3 Sayers Court, London W5 5AB.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

The company shows net current liabilities at the balance sheet date of £1,286,309 (2023: £1,339,145). In order to continue trading it is dependent on a loan from the director, Ms Lindy Chao Pan, who has confirmed her intention to continue to provide financial support to the company for the foreseeable future. On this basis the director considers it appropriate to prepare the financial statements on the going concern basis. The financial statements do not include any adjustments that would result from the withdrawal of the aforementioned support.     
 

 
2.3

Revenue

Turnover comprises revenue recognised by the company in respect of rental income receivable for letting the investment property, exclusive of value added tax.

 
2.4

Investment property

Investment property is carried at fair value determined annually by the director using market based evidence for similiar properties sold in the area.

 
2.5

Debtors

Short term debtors are measured at transaction price, less any impairment.

 
2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

 
2.7

Creditors

Short term creditors are measured at the transaction price.

 
2.8

Currency

The company's functional and presentational currency is GBP.

Page 3

 
PEAK CHAPLET LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.9

Taxation

Tax is recognised in the statement of comprehensive income. The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the UK where the company operates and generates income.


3.


Employees




The average monthly number of employees, including directors, during the year was 1 (2023 - 1).


4.


Investment property


Freehold investment property

£



Valuation


At 1 April 2023
1,440,000



At 31 March 2024
1,440,000

The 2024 valuations were made by the director, on an open market value for existing use basis.



If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:



Cost         £1,561,047   (2023 : £1,561,047)


5.


Creditors: Amounts falling due within one year

2024
2023
£
£

Corporation tax
13,948
11,272

Other taxation and social security
3,536
3,599

Other creditors
1,368,537
1,436,489

Accruals and deferred income
4,500
4,500

1,390,521
1,455,860


Page 4

 
PEAK CHAPLET LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

6.


Related party transactions

At the year end the company owed the director £1,368,537 (2023 : £1,436,489). This is an interest free
loan and is repayable on demand.

 
Page 5