Acorah Software Products - Accounts Production 16.1.300 false true false 28 March 2023 31 March 2024 31 March 2024 14764563 Mr Jonathan Sharp iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 14764563 2023-03-27 14764563 2024-03-31 14764563 2023-03-28 2024-03-31 14764563 frs-core:CurrentFinancialInstruments 2024-03-31 14764563 frs-core:Non-currentFinancialInstruments 2024-03-31 14764563 frs-core:RevaluationReserve 2023-03-28 2024-03-31 14764563 frs-core:RevaluationReserve 2024-03-31 14764563 frs-core:ShareCapital 2024-03-31 14764563 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 14764563 frs-bus:PrivateLimitedCompanyLtd 2023-03-28 2024-03-31 14764563 frs-bus:FilletedAccounts 2023-03-28 2024-03-31 14764563 frs-bus:SmallEntities 2023-03-28 2024-03-31 14764563 frs-bus:AuditExempt-NoAccountantsReport 2023-03-28 2024-03-31 14764563 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-28 2024-03-31 14764563 frs-bus:Director1 2023-03-28 2024-03-31 14764563 frs-core:CurrentFinancialInstruments 1 2024-03-31 14764563 frs-core:CurrentFinancialInstruments 2 2024-03-31 14764563 frs-core:CurrentFinancialInstruments 3 2024-03-31 14764563 frs-countries:EnglandWales 2023-03-28 2024-03-31
Registered number: 14764563
Peaks Stays Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
GMS FC Limited
1 London Road
Ipswich
Suffolk
IP1 2HA
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 14764563
2024
Notes £ £
FIXED ASSETS
Investment Properties 4 779,887
779,887
CURRENT ASSETS
Debtors 5 5,610
Cash at bank and in hand 8,028
13,638
Creditors: Amounts Falling Due Within One Year 6 (130,317 )
NET CURRENT ASSETS (LIABILITIES) (116,679 )
TOTAL ASSETS LESS CURRENT LIABILITIES 663,208
Creditors: Amounts Falling Due After More Than One Year 7 (631,621 )
NET ASSETS 31,587
CAPITAL AND RESERVES
Called up share capital 8 100
Revaluation reserve 9 4,002
Profit and Loss Account 27,485
SHAREHOLDERS' FUNDS 31,587
Page 1
Page 2
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.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Jonathan Sharp
Director
28th March 2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Peaks Stays Limited is a private company, limited by shares, incorporated in England & Wales, registered number 14764563 . The registered office is 1 London Road, Ipswich, Suffolk, IP1 2HA.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL
-
4. Investment Property
2024
£
Fair Value
As at 28 March 2023 -
Additions 686,065
Revaluations 93,822
As at 31 March 2024 779,887
5. Debtors
2024
£
Due within one year
Trade debtors 3,410
Prepayments and accrued income 500
JTS Electrical Services 1,700
5,610
Page 3
Page 4
6. Creditors: Amounts Falling Due Within One Year
2024
£
Trade creditors 491
JTS Holding 2,986
JTS Properties 118,900
Other creditors (3) 1,800
Accruals and deferred income 1,140
Director's loan account 5,000
130,317
7. Creditors: Amounts Falling Due After More Than One Year
2024
£
Bank loans 631,621
631,621
8. Share Capital
2024
£
Allotted, Called up and fully paid 100
9. Reserves
Revaluation Reserve
£
Transfer to profit and loss 4,002
As at 31 March 2024 4,002
Page 4