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Company Registration No. 13915109 (England and Wales)
Peace & Pegg Properties Ltd Unaudited accounts for the year ended 29 February 2024
Peace & Pegg Properties Ltd Unaudited accounts Contents
Page
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Peace & Pegg Properties Ltd Company Information for the year ended 29 February 2024
Directors
Julia Peace Nicola Michelle Peace Donna Marie Pegg
Company Number
13915109 (England and Wales)
Registered Office
126 BUXTON CRESCENT BROUGHTON ASTLEY LEICESTER LE9 6TD ENGLAND
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Peace & Pegg Properties Ltd Statement of financial position as at 29 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
22,740 
12,186 
Investment property
1,661,460 
324,600 
1,684,200 
336,786 
Current assets
Debtors
3,181 
4,897 
Cash at bank and in hand
4,840 
3,514 
8,021 
8,411 
Creditors: amounts falling due within one year
(759,615)
(243,004)
Net current liabilities
(751,594)
(234,593)
Total assets less current liabilities
932,606 
102,193 
Creditors: amounts falling due after more than one year
(811,775)
(102,971)
Provisions for liabilities
Deferred tax
(31,523)
- 
Net assets/(liabilities)
89,308 
(778)
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
89,306 
(780)
Shareholders' funds
89,308 
(778)
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 27 November 2024 and were signed on its behalf by
Nicola Michelle Peace Director Company Registration No. 13915109
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Peace & Pegg Properties Ltd Notes to the Accounts for the year ended 29 February 2024
1
Statutory information
Peace & Pegg Properties Ltd is a private company, limited by shares, registered in England and Wales, registration number 13915109. The registered office is 126 BUXTON CRESCENT, BROUGHTON ASTLEY, LEICESTER, LE9 6TD, 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 accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% Straight Line
4
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 March 2023
12,186 
Additions
13,151 
At 29 February 2024
25,337 
Depreciation
Charge for the year
2,597 
At 29 February 2024
2,597 
Net book value
At 29 February 2024
22,740 
At 28 February 2023
12,186 
5
Investment property
2024 
£ 
Fair value at 1 March 2023
324,600 
Additions
1,188,460 
Net gain from fair value adjustments
148,400 
At 29 February 2024
1,661,460 
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Peace & Pegg Properties Ltd Notes to the Accounts for the year ended 29 February 2024
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
1,280 
1,600 
Accrued income and prepayments
711 
588 
Other debtors
1,190 
2,709 
3,181 
4,897 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
14,787 
- 
Other creditors
742,683 
242,344 
Accruals
660 
660 
Deferred income
1,485 
- 
759,615 
243,004 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
811,775 
102,971 
9
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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