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REGISTERED NUMBER: 01897358 (England and Wales)









Unaudited Financial Statements

for the Year Ended 30 June 2024

for

Peeredge Limited

Peeredge Limited (Registered number: 01897358)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Peeredge Limited

Company Information
for the Year Ended 30 June 2024







DIRECTORS: D V Nandha
K V Nandha
V V Nandha





SECRETARY: D V Nandha





REGISTERED OFFICE: Hatton House
Church Lane
Cheshunt
Hertfordshire
EN8 0DW





REGISTERED NUMBER: 01897358 (England and Wales)





ACCOUNTANTS: Bailey Phillips
Chartered Accountants
Hatton House
Church Lane
Cheshunt
Hertfordshire
EN8 0DW

Peeredge Limited (Registered number: 01897358)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 230,948 269,394
Tangible assets 5 17,833 23,778
Investment property 6 622,828 613,005
871,609 906,177

CURRENT ASSETS
Stocks 51,052 50,685
Debtors 7 68,609 61,949
Cash at bank 530,299 538,530
649,960 651,164
CREDITORS
Amounts falling due within one
year

8

603,618

592,034
NET CURRENT ASSETS 46,342 59,130
TOTAL ASSETS LESS CURRENT
LIABILITIES

917,951

965,307

PROVISIONS FOR LIABILITIES 3,388 4,518
NET ASSETS 914,563 960,789

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 914,561 960,787
SHAREHOLDERS' FUNDS 914,563 960,789

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Peeredge Limited (Registered number: 01897358)

Balance Sheet - continued
30 June 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

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:





D V Nandha - Director


Peeredge Limited (Registered number: 01897358)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Peeredge Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents net invoiced sales of services and goods excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2011, is being amortised evenly over its estimated useful life of twenty years.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

Investment property
The directors consider that the investment properties are worth at least their cost and do not consider it appropriate to depreciate them.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


Peeredge Limited (Registered number: 01897358)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 9 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 July 2023
and 30 June 2024 769,186
AMORTISATION
At 1 July 2023 499,792
Charge for year 38,446
At 30 June 2024 538,238
NET BOOK VALUE
At 30 June 2024 230,948
At 30 June 2023 269,394

Peeredge Limited (Registered number: 01897358)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2023
and 30 June 2024 152,866
DEPRECIATION
At 1 July 2023 129,088
Charge for year 5,945
At 30 June 2024 135,033
NET BOOK VALUE
At 30 June 2024 17,833
At 30 June 2023 23,778

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2023 613,005
Additions 9,823
At 30 June 2024 622,828
NET BOOK VALUE
At 30 June 2024 622,828
At 30 June 2023 613,005

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 62,009 55,216
Other debtors 6,600 6,733
68,609 61,949

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade creditors 94,300 93,647
Taxation and social security 9,173 12,030
Other creditors 500,145 486,357
603,618 592,034