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Company Registration No. 13356028 (England and Wales)
PEPPERS INVESTMENTS LTD Unaudited accounts for the year ended 29 February 2024
PEPPERS INVESTMENTS LTD Unaudited accounts Contents
Page
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PEPPERS INVESTMENTS LTD Company Information for the year ended 29 February 2024
Directors
Karan Singh Gulati Stephen John Hughes Stavros Nicolaides
Company Number
13356028 (England and Wales)
Registered Office
387 CITY ROAD LONDON EC1V 1NA ENGLAND
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PEPPERS INVESTMENTS LTD Statement of financial position as at 29 February 2024
2024 
2023 
Notes
£ 
£ 
Current assets
Investments
746,204 
573,002 
Cash at bank and in hand
2 
17,787 
746,206 
590,789 
Creditors: amounts falling due within one year
(739,085)
(592,597)
Net current assets/(liabilities)
7,121 
(1,808)
Net assets/(liabilities)
7,121 
(1,808)
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
7,119 
(1,810)
Shareholders' funds
7,121 
(1,808)
For the year ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 25 November 2024 and were signed on its behalf by
Karan Singh Gulati Director Company Registration No. 13356028
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PEPPERS INVESTMENTS LTD Notes to the Accounts for the year ended 29 February 2024
1
Statutory information
PEPPERS INVESTMENTS LTD is a private company, limited by shares, registered in England and Wales, registration number 13356028. The registered office is 387 CITY ROAD, LONDON, EC1V 1NA, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The financial statements are prepared under the historical cost convention as modified by the revaluation of land and builings and certain financial insturments measured at fair value in accordance with FRS 102 Section 1A Small Entities The Financial Reporting Standard applicable in the UK and Republic or Ireland and the Companies Act 2006. The accounts are presented in £ sterling.
Going concern
The director believes that the company's financial statements should be prepared on a going concern basis on the grounds that current and future sources of funding or support from the director will be adequate to meet the company's needs for a period of at least 12 months from the date of approval of these financial statements.
Turnover
Revenue represents dividends receivable and other income arising from continuing activites and is recognised on an accruals basis when it becomes receivable. Interest income is recognised on an accruals basis when it becomes receivable.
Financial instruments
Trade and other debtors are recognised initially at cost. Following initial recognition they are measured at amortised cost using the effective interest method, less any impairment losses in the case of trade debtors. If the arrangement constitutes a financing transaction, for example if payment is deferred beyond normal business terms, then it is measured at the present value of the future payments discounted at a market rate of instrument for a similar debt instrument. Cash and cash equivalents consist of cash at bank and other instruments which are readily convertible into known amounts of cash at, or close to their carrying values. Interest bearing bonds are held at cost with accrued interest recorded as interest income in the Income Statement. Impairement of financial assets Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found an impairment loss is recognised within the income statement. For financial assets that are measured at amortised cost, the impairment loss is measured as the difference between the asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. For financial assets measured at cost less impairment, the impairment loss is measured as the difference between the asset's carrying amount and the best estimate of the amount that the company would receive for the asset if it were to be sold at the balance sheet date.
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PEPPERS INVESTMENTS LTD Notes to the Accounts for the year ended 29 February 2024
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax. The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period. Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities. Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
4
Investments held as current assets
2024 
2023 
£ 
£ 
Listed investments
746,204 
573,002 
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
458,695 
339,597 
Trade creditors
24,900 
- 
Taxes and social security
174 
- 
Other creditors
250,216 
250,000 
Accruals
5,100 
3,000 
739,085 
592,597 
6
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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