REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Period 1 September 2022 to 31 December 2023 |
for |
Peace United Ltd |
REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Period 1 September 2022 to 31 December 2023 |
for |
Peace United Ltd |
Peace United Ltd (Registered number: 05898857) |
Contents of the Financial Statements |
for the Period 1 September 2022 to 31 December 2023 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
Peace United Ltd |
Company Information |
for the Period 1 September 2022 to 31 December 2023 |
DIRECTOR: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
Peace United Ltd (Registered number: 05898857) |
Balance Sheet |
31 December 2023 |
31.12.23 | 31.8.22 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 4 |
Tangible assets | 5 |
Investments | 6 |
CURRENT ASSETS |
Debtors | 7 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 8 |
NET CURRENT (LIABILITIES)/ASSETS | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
PROVISIONS FOR LIABILITIES |
NET ASSETS |
Peace United Ltd (Registered number: 05898857) |
Balance Sheet - continued |
31 December 2023 |
31.12.23 | 31.8.22 |
Notes | £ | £ | £ | £ |
CAPITAL AND RESERVES |
Called up share capital |
Revaluation reserve | 9 |
Retained earnings |
The director acknowledges his responsibilities for: |
(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements were approved by the director and authorised for issue on |
Peace United Ltd (Registered number: 05898857) |
Notes to the Financial Statements |
for the Period 1 September 2022 to 31 December 2023 |
1. | STATUTORY INFORMATION |
Peace United Ltd is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Preparation of consolidated financial statements |
The financial statements contain information about Peace United Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements. |
Revenue recognition |
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discount, rebates, value added tax and other sales taxes. |
Intangible assets |
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses. |
Trademark costs are being amortised evenly over their estimated useful life of 10 years. |
Tangible fixed assets |
Tangible fixed assets are included at cost less depreciation and impairment. Depreciation has been computed to write off the cost of the tangible fixed assets over their expected useful lives as follows: |
Fixtures and fittings -25% per annum on cost |
Investments in subsidiaries |
Interests in subsidiaries are initially measured at cost and subsequently measured at cost |
less any accumulated impairment losses. The investments are assessed for impairment at |
each reporting date and any impairment losses or reversals of impairment losses are |
recognised immediately in profit or loss. |
A subsidiary is an entity controlled by the company. Control is the power to govern the financial |
and operating policies of the entity so as to obtain benefits from its activities. |
Peace United Ltd (Registered number: 05898857) |
Notes to the Financial Statements - continued |
for the Period 1 September 2022 to 31 December 2023 |
2. | ACCOUNTING POLICIES - continued |
Taxation |
The tax expense represents the sum of the tax currently payable and deferred tax. |
Current tax |
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expenses that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company's liability for the current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date. |
Deferred tax |
Deferred tax is recognised in respect of all material timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or to receive more, tax. |
Deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. |
Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the period was |
4. | INTANGIBLE FIXED ASSETS |
Other |
intangible |
assets |
£ |
COST OR VALUATION |
At 1 September 2022 |
Revaluations |
At 31 December 2023 |
AMORTISATION |
At 1 September 2022 |
and 31 December 2023 |
NET BOOK VALUE |
At 31 December 2023 |
At 31 August 2022 |
Peace United Ltd (Registered number: 05898857) |
Notes to the Financial Statements - continued |
for the Period 1 September 2022 to 31 December 2023 |
4. | INTANGIBLE FIXED ASSETS - continued |
Cost or valuation at 31 December 2023 is represented by: |
Other |
intangible |
assets |
£ |
Valuation in 0 | 86,692 |
Cost | 44,313 |
131,005 |
5. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
etc |
£ |
COST |
At 1 September 2022 |
and 31 December 2023 |
DEPRECIATION |
At 1 September 2022 |
Charge for period |
At 31 December 2023 |
NET BOOK VALUE |
At 31 December 2023 |
At 31 August 2022 |
6. | FIXED ASSET INVESTMENTS |
31.12.23 | 31.8.22 |
£ | £ |
Shares in group undertakings |
Loans to group undertakings |
Peace United Ltd (Registered number: 05898857) |
Notes to the Financial Statements - continued |
for the Period 1 September 2022 to 31 December 2023 |
6. | FIXED ASSET INVESTMENTS - continued |
Additional information is as follows: |
Shares in |
group |
undertakings |
£ |
COST |
Additions |
At 31 December 2023 |
NET BOOK VALUE |
At 31 December 2023 |
Loans to |
group |
undertakings |
£ |
New in year |
At 31 December 2023 |
The Investment is 100% ownership in the equity shares of Trademark Miami Inc, registered in USA. |
7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.12.23 | 31.8.22 |
£ | £ |
Other debtors |
8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.12.23 | 31.8.22 |
£ | £ |
Trade creditors |
Taxation and social security |
Other creditors |
Peace United Ltd (Registered number: 05898857) |
Notes to the Financial Statements - continued |
for the Period 1 September 2022 to 31 December 2023 |
9. | RESERVES |
Revaluation |
reserve |
£ |
Trademark | 86,692 |
At 31 December 2023 |
10. | ULTIMATE CONTROLLING PARTY |
The controlling party is Christophe Caucino, company director . |