Company Registration No. 13215226 (England and Wales)
Peace Property Doctors Ltd
Unaudited accounts
for the year ended 29 February 2024
Peace Property Doctors Ltd
Unaudited accounts
Contents
Peace Property Doctors Ltd
Company Information
for the year ended 29 February 2024
Directors
Dr Alice Claudia Fusneica
Dr George Nicolae Fusneica
Nicola Michelle Peace
Julia Peace
Company Number
13215226 (England and Wales)
Registered Office
15 Rhydhelig Avenue
Cardiff
South Glamorgan
CF14 4DA
Wales
Peace Property Doctors Ltd
Statement of financial position
as at 29 February 2024
Tangible assets
30,601
11,266
Investment property
1,290,000
1,008,361
Cash at bank and in hand
9,938
91,829
Creditors: amounts falling due within one year
(227,625)
(51,506)
Net current (liabilities)/assets
(216,256)
40,935
Total assets less current liabilities
1,104,345
1,060,562
Creditors: amounts falling due after more than one year
(981,187)
(1,045,578)
Provisions for liabilities
Deferred tax
(29,475)
(1,639)
Called up share capital
100
100
Revaluation reserve
8,624
8,624
Profit and loss account
84,959
4,621
Shareholders' funds
93,683
13,345
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. 13215226
Peace Property Doctors Ltd
Notes to the Accounts
for the year ended 29 February 2024
Peace Property Doctors Ltd is a private company, limited by shares, registered in England and Wales, registration number 13215226. The registered office is 15 Rhydhelig Avenue, Cardiff, South Glamorgan, CF14 4DA, Wales.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
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:
Peace Property Doctors Ltd
Notes to the Accounts
for the year ended 29 February 2024
4
Tangible fixed assets
Fixtures & fittings
At 29 February 2024
35,371
At 29 February 2024
30,601
At 28 February 2023
11,266
Fair value at 1 March 2023
1,008,361
Net gain from fair value adjustments
281,639
At 29 February 2024
1,290,000
Amounts falling due within one year
Accrued income and prepayments
1,431
612
7
Creditors: amounts falling due within one year
2024
2023
Other creditors
220,000
50,000
8
Creditors: amounts falling due after more than one year
2024
2023
Bank loans
981,187
546,000
Loans from directors
-
499,578
9
Average number of employees
During the year the average number of employees was 0 (2023: 0).