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
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
Peace & Pegg Properties Ltd
Statement of financial position
as at 29 February 2024
Tangible assets
22,740
12,186
Investment property
1,661,460
324,600
Cash at bank and in hand
4,840
3,514
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
Net assets/(liabilities)
89,308
(778)
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
Peace & Pegg Properties Ltd
Notes to the Accounts
for the year ended 29 February 2024
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.
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.
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
At 29 February 2024
25,337
At 29 February 2024
22,740
At 28 February 2023
12,186
Fair value at 1 March 2023
324,600
Net gain from fair value adjustments
148,400
At 29 February 2024
1,661,460
Peace & Pegg Properties Ltd
Notes to the Accounts
for the year ended 29 February 2024
Amounts falling due within one year
Accrued income and prepayments
711
588
7
Creditors: amounts falling due within one year
2024
2023
Other creditors
742,683
242,344
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).