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REGISTERED NUMBER: 12668794 (England and Wales)















Financial Statements for the Year Ended 30 June 2024

for

Peirce Property Limited

Peirce Property Limited (Registered number: 12668794)






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


Peirce Property Limited

Company Information
for the Year Ended 30 June 2024







DIRECTORS: Mrs S A Peirce
T J Peirce





REGISTERED OFFICE: 45 St Georges Road
Sandwich
Kent
CT13 9LE





REGISTERED NUMBER: 12668794 (England and Wales)





ACCOUNTANTS: A.K & Co (Accountancy Services) Ltd
19 Victoria Terrace
Hove
East Sussex
BN3 2WB

Peirce Property Limited (Registered number: 12668794)

Balance Sheet
30 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 504 882

CURRENT ASSETS
Debtors 5 838 4,730
Cash at bank 21,214 29,478
22,052 34,208
CREDITORS
Amounts falling due within one year 6 10,107 370
NET CURRENT ASSETS 11,945 33,838
TOTAL ASSETS LESS CURRENT
LIABILITIES

12,449

34,720

PROVISIONS FOR LIABILITIES 168 168
NET ASSETS 12,281 34,552

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 12,279 34,550
12,281 34,552

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.

Peirce Property Limited (Registered number: 12668794)

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 March 2025 and were signed on its behalf by:





Mrs S A Peirce - Director


Peirce Property Limited (Registered number: 12668794)

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

1. STATUTORY INFORMATION

Peirce Property 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 - 20% on cost
Computer equipment - 33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 ) .

Peirce Property Limited (Registered number: 12668794)

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

4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 July 2023
and 30 June 2024 1,260 379 1,639
DEPRECIATION
At 1 July 2023 504 253 757
Charge for year 252 126 378
At 30 June 2024 756 379 1,135
NET BOOK VALUE
At 30 June 2024 504 - 504
At 30 June 2023 756 126 882

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 394 -
Tax - 4,730
Prepayments 444 -
838 4,730

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 738 -
Social security and other taxes - (826 )
Directors' current accounts 8,829 656
Accrued expenses 540 540
10,107 370