3 false false false false false false false false false false true false false false false false false No description of principal activity 2023-04-01 Sage Accounts Production Advanced 2023 - FRS102_2023 825,000 870,240 1,695,240 1,695,240 825,000 400 400 400 xbrli:pure xbrli:shares iso4217:GBP 00741895 2023-04-01 2024-03-31 00741895 2024-03-31 00741895 2023-03-31 00741895 2022-04-01 2023-03-31 00741895 2023-03-31 00741895 2022-03-31 00741895 bus:Director2 2023-04-01 2024-03-31 00741895 core:LandBuildings 2023-04-01 2024-03-31 00741895 core:WithinOneYear 2024-03-31 00741895 core:WithinOneYear 2023-03-31 00741895 core:ShareCapital 2024-03-31 00741895 core:ShareCapital 2023-03-31 00741895 core:RevaluationReserve 2024-03-31 00741895 core:RevaluationReserve 2023-03-31 00741895 core:RetainedEarningsAccumulatedLosses 2024-03-31 00741895 core:RetainedEarningsAccumulatedLosses 2023-03-31 00741895 core:CostValuation core:Non-currentFinancialInstruments 2024-03-31 00741895 core:Non-currentFinancialInstruments 2024-03-31 00741895 core:Non-currentFinancialInstruments 2023-03-31 00741895 core:LandBuildings 2024-03-31 00741895 core:LandBuildings 2023-03-31 00741895 core:LandBuildings 2023-03-31 00741895 bus:SmallEntities 2023-04-01 2024-03-31 00741895 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 00741895 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 00741895 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 00741895 bus:FullAccounts 2023-04-01 2024-03-31 00741895 core:FairValueMovementsOnFinancialInstrumentsDeferredTax 2024-03-31 00741895 core:FairValueMovementsOnFinancialInstrumentsDeferredTax 2023-03-31 00741895 core:OfficeEquipment 2023-04-01 2024-03-31
COMPANY REGISTRATION NUMBER: 00741895
PEACHSIDE LIMITED
Filleted Unaudited Financial Statements
31 March 2024
PEACHSIDE LIMITED
Statement of Financial Position
31 March 2024
2024
2023
Note
£
£
£
Fixed assets
Tangible assets
5
1,695,240
825,000
Investments
6
400
400
------------
---------
1,695,640
825,400
Current assets
Debtors
7
95,903
45,144
Cash at bank and in hand
231,331
192,700
---------
---------
327,234
237,844
Creditors: amounts falling due within one year
8
1,366,534
256,097
------------
---------
Net current liabilities
1,039,300
18,253
------------
---------
Total assets less current liabilities
656,340
807,147
Provisions
Taxation including deferred tax
125,000
125,000
---------
---------
Net assets
531,340
682,147
---------
---------
Capital and reserves
Called up share capital
400
400
Fair value reserve
10
678,492
678,492
Profit and loss account
10
( 147,552)
3,255
---------
---------
Shareholders funds
531,340
682,147
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
PEACHSIDE LIMITED
Statement of Financial Position (continued)
31 March 2024
These financial statements were approved by the board of directors and authorised for issue on 10 February 2025 , and are signed on behalf of the board by:
Mr D Fluss
Director
Company registration number: 00741895
PEACHSIDE LIMITED
Notes to the Financial Statements
Year ended 31 March 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Hallswelle House, 1 Hallswelle Road, London, NW11 0DH.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for rents.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Equipment
-
20% reducing balance
Investments
Investment properties are properties held to earn rentals and/or for capital appreciation. Investment properties are initially measured at cost, including transaction costs. Subsequently investment properties whose fair value can be measured reliably without any undue cost or effort on an on-going basis are measured at fair value. Gains and losses arising from changes in the fair value of investment properties are included in profit or loss in the period in which they arise.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 3 (2023: 3 ).
5. Tangible assets
Land and buildings
£
Cost
At 1 April 2023
825,000
Additions
870,240
------------
At 31 March 2024
1,695,240
------------
Depreciation
At 1 April 2023 and 31 March 2024
------------
Carrying amount
At 31 March 2024
1,695,240
------------
At 31 March 2023
825,000
------------
6. Investments
Other investments other than loans
£
Cost
At 1 April 2023 and 31 March 2024
400
----
Impairment
At 1 April 2023 and 31 March 2024
----
Carrying amount
At 31 March 2024
400
----
At 31 March 2023
400
----
7. Debtors
2024
2023
£
£
Other debtors
95,903
45,144
--------
--------
8. Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
259,994
166,428
Amounts due to related undertakings
812,490
6,988
Other creditors
294,050
82,681
------------
---------
1,366,534
256,097
------------
---------
9. Deferred tax
The deferred tax included in the statement of financial position is as follows:
2024
2023
£
£
Included in provisions
125,000
125,000
---------
---------
The deferred tax account consists of the tax effect of timing differences in respect of:
2024
2023
£
£
Fair value adjustment of financial assets
125,000
125,000
---------
---------
10. Reserves
Fair value reserve - This reserve records the value of asset revaluations and fair value movements on assets recognised in other comprehensive income. Profit and loss account - This reserve records retained earnings and accumulated losses.