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REGISTERED NUMBER: 08325572 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2024

for

PENINSULA CAPITAL LIMITED

PENINSULA CAPITAL LIMITED (Registered number: 08325572)

Contents of the Financial Statements
for the Year Ended 31 MAY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PENINSULA CAPITAL LIMITED

Company Information
for the Year Ended 31 MAY 2024







DIRECTORS: K S S K Perera
Sir C S J Sweeting





REGISTERED OFFICE: SBC House
Restmor Way
Wallington
Surrey
SM6 7AH





REGISTERED NUMBER: 08325572 (England and Wales)





ACCOUNTANTS: Frasers Young Limited
Chartered Certified Accountants
Alpha House
296 Kenton Road
Harrow
HA3 8DD

PENINSULA CAPITAL LIMITED (Registered number: 08325572)

Balance Sheet
31 MAY 2024

31.5.24 31.5.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 909 1,212
Investment property 5 1,991,561 1,381,915
1,992,470 1,383,127

CURRENT ASSETS
Debtors 6 4,386 2,166
Cash at bank 1,977 609,033
6,363 611,199
CREDITORS
Amounts falling due within one year 7 (10,781 ) (15,027 )
NET CURRENT (LIABILITIES)/ASSETS (4,418 ) 596,172
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,988,052

1,979,299

CREDITORS
Amounts falling due after more than one
year

8

(1,617,406

)

(1,620,153

)

PROVISIONS FOR LIABILITIES (20,395 ) (20,395 )
NET ASSETS 350,251 338,751

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 349,251 337,751
SHAREHOLDERS' FUNDS 350,251 338,751

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

PENINSULA CAPITAL LIMITED (Registered number: 08325572)

Balance Sheet - continued
31 MAY 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 18 February 2025 and were signed on its behalf by:





K S S K Perera - Director


PENINSULA CAPITAL LIMITED (Registered number: 08325572)

Notes to the Financial Statements
for the Year Ended 31 MAY 2024


1. STATUTORY INFORMATION

PENINSULA CAPITAL 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 as modified by the revaluation of certain assets.

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

Investment property
Investment properties are shown at most recent fair value. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

PENINSULA CAPITAL LIMITED (Registered number: 08325572)

Notes to the Financial Statements - continued
for the Year Ended 31 MAY 2024


4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 June 2023
and 31 May 2024 11,098
DEPRECIATION
At 1 June 2023 9,886
Charge for year 303
At 31 May 2024 10,189
NET BOOK VALUE
At 31 May 2024 909
At 31 May 2023 1,212

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 June 2023 1,381,915
Additions 609,646
At 31 May 2024 1,991,561
NET BOOK VALUE
At 31 May 2024 1,991,561
At 31 May 2023 1,381,915

Fair value at 31 May 2024 is represented by:
£   
Valuation in 2022 107,341
Cost 1,884,220
1,991,561

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Other debtors 4,386 2,166

PENINSULA CAPITAL LIMITED (Registered number: 08325572)

Notes to the Financial Statements - continued
for the Year Ended 31 MAY 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade creditors 5,083 2,747
Taxation and social security 2,769 3,828
Other creditors 2,929 8,452
10,781 15,027

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.24 31.5.23
£    £   
Other creditors 1,617,406 1,620,153

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Other loans more 5yrs non-inst 1,617,406 1,620,153

9. RELATED PARTY DISCLOSURES

Included in other creditors due after more than one year is a loan of £1,120,968(2023- £1,168,715) introduced by the directors/shareholders and related parties namely Mrs C Samayadasa - £497,968(2023-£545,715), Mr M K Jayatilaka - £400,500(2023- £400,500) and Mr S K Perera - £222,500(2023- £222,500).

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr K S K Perera.