IRIS Accounts Production v24.3.0.553 11209921 director 1.3.23 29.2.24 29.2.24 0 0 false true false false true false Fair value model Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh112099212023-02-28112099212024-02-29112099212023-03-012024-02-29112099212022-02-28112099212022-03-012023-02-28112099212023-02-2811209921ns15:EnglandWales2023-03-012024-02-2911209921ns14:PoundSterling2023-03-012024-02-2911209921ns10:Director12023-03-012024-02-2911209921ns10:PrivateLimitedCompanyLtd2023-03-012024-02-2911209921ns10:SmallEntities2023-03-012024-02-2911209921ns10:AuditExempt-NoAccountantsReport2023-03-012024-02-2911209921ns10:SmallCompaniesRegimeForAccounts2023-03-012024-02-2911209921ns10:FullAccounts2023-03-012024-02-2911209921ns10:OrdinaryShareClass12023-03-012024-02-2911209921ns10:RegisteredOffice2023-03-012024-02-2911209921ns5:CurrentFinancialInstruments2024-02-2911209921ns5:CurrentFinancialInstruments2023-02-2811209921ns5:Non-currentFinancialInstruments2024-02-2911209921ns5:Non-currentFinancialInstruments2023-02-2811209921ns5:ShareCapital2024-02-2911209921ns5:ShareCapital2023-02-2811209921ns5:FurtherSpecificReserve3ComponentTotalEquity2024-02-2911209921ns5:FurtherSpecificReserve3ComponentTotalEquity2023-02-2811209921ns5:RetainedEarningsAccumulatedLosses2024-02-2911209921ns5:RetainedEarningsAccumulatedLosses2023-02-2811209921ns5:WithinOneYearns5:CurrentFinancialInstruments2024-02-2911209921ns5:WithinOneYearns5:CurrentFinancialInstruments2023-02-2811209921ns5:Non-currentFinancialInstruments2023-03-012024-02-2911209921ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2024-02-2911209921ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-02-2811209921ns5:Secured2024-02-2911209921ns5:Secured2023-02-2811209921ns10:OrdinaryShareClass12024-02-2911209921ns5:RetainedEarningsAccumulatedLosses2023-02-2811209921ns5:FurtherSpecificReserve3ComponentTotalEquity2023-02-2811209921ns5:RetainedEarningsAccumulatedLosses2023-03-012024-02-29
REGISTERED NUMBER: 11209921 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 FEBRUARY 2024

FOR

PECKHAM ESTATES LTD

PECKHAM ESTATES LTD (REGISTERED NUMBER: 11209921)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


PECKHAM ESTATES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 29 FEBRUARY 2024







DIRECTOR: A Grunhut





REGISTERED OFFICE: 9 Manor Parade
London
N16 5SG





REGISTERED NUMBER: 11209921 (England and Wales)





ACCOUNTANTS: Venitt and Greaves
Chartered Accountants
115 Craven Park Road
South Tottenham
London
N15 6BL

PECKHAM ESTATES LTD (REGISTERED NUMBER: 11209921)

STATEMENT OF FINANCIAL POSITION
29 FEBRUARY 2024

29.2.24 28.2.23
Notes £    £   
FIXED ASSETS
Investment property 5 675,000 675,000

CURRENT ASSETS
Debtors 6 23,400 23,400
Cash at bank 1,859 12,683
25,259 36,083
CREDITORS
Amounts falling due within one year 7 (229,031 ) (212,843 )
NET CURRENT LIABILITIES (203,772 ) (176,760 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

471,228

498,240

CREDITORS
Amounts falling due after more than one
year

8

(467,139

)

(477,356

)
NET ASSETS 4,089 20,884

CAPITAL AND RESERVES
Called up share capital 11 100 100
Fair value reserve 12 75,000 75,000
Retained earnings 12 (71,011 ) (54,216 )
SHAREHOLDERS' FUNDS 4,089 20,884

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

PECKHAM ESTATES LTD (REGISTERED NUMBER: 11209921)

STATEMENT OF FINANCIAL POSITION - continued
29 FEBRUARY 2024


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 and authorised for issue by the director and authorised for issue on 15 November 2024 and were signed by:





A Grunhut - Director


PECKHAM ESTATES LTD (REGISTERED NUMBER: 11209921)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

1. STATUTORY INFORMATION

Peckham Estates Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

4. EMPLOYEES AND DIRECTORS

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

PECKHAM ESTATES LTD (REGISTERED NUMBER: 11209921)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 March 2023
and 29 February 2024 675,000
NET BOOK VALUE
At 29 February 2024 675,000
At 28 February 2023 675,000

Fair value at 29 February 2024 is represented by:
£   
Valuation in 2020 75,000
Cost 600,000
675,000

The fair value of investment property was assessed to be unchanged by the director. The fair value was determined using open market valuation method. The director does not have a formal qualification but considerable experience in property market to ascertain the fair value with sufficient level of confidence.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Other debtors 23,400 23,400

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Amounts owed to group undertakings 213,564 195,564
Other creditors 15,467 17,279
229,031 212,843

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
29.2.24 28.2.23
£    £   
Bank loans (see note 9) 438,805 439,023
Other creditors 28,334 38,333
467,139 477,356

Other creditors include outstanding Bounceback Loan payable of £28,334 [2023 - £38,333]. The loan is unsecured, interest free for the first year, then capped at 2.5% and guaranteed by HM Government.

PECKHAM ESTATES LTD (REGISTERED NUMBER: 11209921)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024

9. LOANS

An analysis of the maturity of loans is given below:

29.2.24 28.2.23
£    £   
Amounts falling due between two and five years:
Bank loans - 2-5 years 438,805 439,023
Other loans - 2-5 years 28,334 38,333
467,139 477,356

10. SECURED DEBTS

The following secured debts are included within creditors:

29.2.24 28.2.23
£    £   
Bank loans 438,805 439,023

Bank loan is secured by providing fixed charge against the investment property of the company, floating charge over the company's assets and undertakings, and personal guarantee by Mr. Abraham Grunhut.

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 29.2.24 28.2.23
value: £    £   
100 Ordinary £1 100 100

12. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 1 March 2023 (54,216 ) 75,000 20,784
Deficit for the year (16,795 ) (16,795 )
At 29 February 2024 (71,011 ) 75,000 3,989