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Registration number: 10078441

Matthew Peck Construction Ltd

Unaudited Filleted Financial Statements

for the Year Ended 31 October 2024

 

Matthew Peck Construction Ltd

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 6

 

Matthew Peck Construction Ltd

(Registration number: 10078441)
Balance Sheet as at 31 October 2024

Note

2024
£

2023
£

Fixed assets

 

Investments

4

231,150

231,150

Current assets

 

Debtors

5

42,609

83,882

Cash at bank and in hand

 

1,035,202

842,705

 

1,077,811

926,587

Creditors: Amounts falling due within one year

6

(11,412)

(1,782)

Net current assets

 

1,066,399

924,805

Net assets

 

1,297,549

1,155,955

Capital and reserves

 

Called up share capital

8

100

100

Retained earnings

1,297,449

1,155,855

Shareholders' funds

 

1,297,549

1,155,955

For the financial year ending 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 10 January 2025
 

.........................................
Mr M J Peck
Director

 

Matthew Peck Construction Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Brail Buildings
Jockey Green
Great Bedwyn
Nr Marlborough
Wiltshire
SN8 3NA

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in the financial statements re rounded to the nearest £.

Group accounts not prepared

The company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the company as an individual entity and not about its group.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the management services provided to its subsidiaries.

Tax

The tax expense for the period comprises current tax payable.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

 

Matthew Peck Construction Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

4

Investments

2024
£

2023
£

Investments in subsidiaries

231,150

231,150

Subsidiaries

£

Cost or valuation

At 1 November 2023

231,150

Provision

Carrying amount

At 31 October 2024

231,150

At 31 October 2023

231,150

 

Matthew Peck Construction Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

Details of undertakings

Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking

Registered office

Holding

Proportion of voting rights and shares held

     

2024

2023

Subsidiary undertakings

Knight Building Contractors Limited

Brail Buildings
Jockey Green
Great Bedwyn
Nr Marlborough
Wiltshire
SN8 3NA

U K

Ordinary shares

100%

100%

Subsidiary undertakings

Knight Building Contractors Limited

The principal activity of Knight Building Contractors Limited is Building Contractors.

5

Debtors

Note

2024
£

2023
£

Amounts owed by related parties

7

7,348

945

Other debtors

 

19,320

82,937

Accrued income

 

15,941

-

 

42,609

83,882

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Taxation and social security

10,532

935

Other creditors

880

847

11,412

1,782

 

Matthew Peck Construction Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

7

Related party transactions

Transactions with the director

2024

At 1 November 2023
£

Repayments by director
£

Other payments made to company by director
£

At 31 October 2024
£

Mr M J Peck

Directors loan account

82,937

(85,000)

868

(1,195)

         
       

 

2023

At 1 November 2022
£

Advances to director
£

Repayments by director
£

Other payments made to company by director
£

At 31 October 2023
£

Mr M J Peck

Directors loan account

(2,564)

170,000

(85,000)

501

82,937

           
         

 

Summary of transactions with subsidiaries

Dividends received from Knight Building Contractors Limited amounted to £200,000 (2023 £305,000).
Management charges charged to Knight Building Contractors Limited amounted to £1,003 (2023 £944).

 

 

Matthew Peck Construction Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

8

Share capital

Allotted, called up and fully paid shares

 

2024

2023

 

No.

£

No.

£

A Ordinary shares of £1 each

100

100

100

100