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REGISTERED NUMBER: 02212707 (England and Wales)



















Financial Statements

for the Year Ended 31 March 2024

for

Peter Starbuck Limited

Peter Starbuck Limited (Registered number: 02212707)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Peter Starbuck Limited

Company Information
for the Year Ended 31 March 2024







DIRECTOR: Mrs H I G Starbuck





SECRETARY: Mrs H I G Starbuck





REGISTERED OFFICE: The Mills
Canal Street
Derby
DE1 2RJ





REGISTERED NUMBER: 02212707 (England and Wales)





ACCOUNTANTS: Bates Weston LLP
Chartered Accountants
The Mills
Canal Street
Derby
DE1 2RJ

Peter Starbuck Limited (Registered number: 02212707)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - -
Investments 5 2,500,000 2,500,000
2,500,000 2,500,000

CURRENT ASSETS
Debtors 6 981 63,139
Cash at bank 10,060 10,225
11,041 73,364
CREDITORS
Amounts falling due within one year 7 203,164 316,116
NET CURRENT LIABILITIES (192,123 ) (242,752 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,307,877

2,257,248

PROVISIONS FOR LIABILITIES 8 400,345 400,345
NET ASSETS 1,907,532 1,856,903

CAPITAL AND RESERVES
Called up share capital 9,750 9,750
Fair value reserve 9 1,559,008 1,559,008
Capital redemption reserve 9 6,250 6,250
Retained earnings 9 332,524 281,895
SHAREHOLDERS' FUNDS 1,907,532 1,856,903

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

Peter Starbuck Limited (Registered number: 02212707)

Balance Sheet - continued
31 March 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 26 March 2025 and were signed by:





Mrs H I G Starbuck - Director


Peter Starbuck Limited (Registered number: 02212707)

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

1. STATUTORY INFORMATION

Peter Starbuck 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.

Preparation of consolidated financial statements
The financial statements contain information about Peter Starbuck Limited 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.

Turnover
Turnover represents net invoiced sales of services, excluding value added tax. Management charges receivable are accounted for in the year in which the services are provided.

Deferred tax
Provision is made at current rates for taxation deferred in respect of all material timing differences, including provisions made for potential tax arising on assets which have been revalued.

Fixed asset investments
Fixed asset investments are shown at the directors' assessment of fair value. Any aggregate surplus or deficit arising are recognised in profit and loss. Unrecognised gains are transferred to the fair value reserve.

Investments, excluding those classified as subsidiaries, are regarded as companies in which there is a participating interest where the company controls more than 20% of the equity, is represented on the board of directors and is in a position to exercise an influence over their affairs on a continuing basis.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 April 2023
and 31 March 2024 1,467 933 2,400
DEPRECIATION
At 1 April 2023
and 31 March 2024 1,467 933 2,400
NET BOOK VALUE
At 31 March 2024 - - -
At 31 March 2023 - - -

Peter Starbuck Limited (Registered number: 02212707)

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

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 April 2023
and 31 March 2024 2,500,000
NET BOOK VALUE
At 31 March 2024 2,500,000
At 31 March 2023 2,500,000

Cost or valuation at 31 March 2024 is represented by:

Other
investments
£   
Valuation in 2024 2,500,000

If the fixed asset investment had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 540,642 540,642

The fixed asset investment was valued on a fair value basis on 31 March 2024 by the directors .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 62,000
Other debtors - 175
Prepayments 981 964
981 63,139

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other creditors 2,176 -
Due to Telford Housing
Company Limited 192,158 308,086
Accruals 8,830 8,030
203,164 316,116

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 400,345 400,345

Peter Starbuck Limited (Registered number: 02212707)

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

8. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 April 2023 400,345
Balance at 31 March 2024 400,345

9. RESERVES
Fair Capital
Retained value redemption
earnings reserve reserve Totals
£    £    £    £   

At 1 April 2023 281,895 1,559,008 6,250 1,847,153
Profit for the year 50,629 50,629
At 31 March 2024 332,524 1,559,008 6,250 1,897,782