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Registered Number: 12161965
England and Wales

 

 

 

PEACE CITY . WORLD, LIMITED


Abridged Accounts
 


Period of accounts

Start date: 01 September 2023

End date: 31 August 2024
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Intangible fixed assets 3 17,208   
17,208   
Current assets      
Debtors 4,000,000    4,000,000 
Creditors: amount falling due within one year (40,123)   (1,290)
Net current assets 3,959,877    3,998,710 
 
Total assets less current liabilities 3,977,085    3,998,710 
Net assets 3,977,085    3,998,710 
 

Capital and reserves
     
Called up share capital 4 4,150,000    4,150,000 
Profit and loss account (172,915)   (151,290)
Shareholders' funds 3,977,085    3,998,710 
 


For the year ended 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the board of directors on 21 April 2025 and were signed on its behalf by:


-------------------------------
Dr Riadh Toukabri
Director
-------------------------------
John Philip Mavrak
Director
1
General Information
PEACE CITY . WORLD, LIMITED is a private company, limited by shares, registered in England and Wales, registration number 12161965, registration address Third Floor, 207 Regent Street, London, England, W1B 3HH.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102(1A) The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Going concern basis
The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Website cost
Planning and operating costs for the company's website are charged to the income statement as incurred.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.
Current and deferred tax assets and liabilities are not discounted.
Intangible assets
Intangible assets are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Licences and patents
Licences and patents are stated at cost less amortisation. Amortisation of licences is calculated on a straight line basis over the life of the licence. Amortisation of patents is calculated on a straight line basis over the estimated expected useful economic life of the patents of 5 years.
2.

Average number of employees

Average number of employees during the year was 0 (2023 : 0).
3.

Intangible fixed assets

Cost License   Total
  £   £
At 01 September 2023  
Additions 21,510    21,510 
Disposals  
At 31 August 2024 21,510    21,510 
Amortisation
At 01 September 2023  
Charge for year 4,302    4,302 
On disposals  
At 31 August 2024 4,302    4,302 
Net book values
At 31 August 2024 17,208    17,208 
At 31 August 2023  


4.

Share Capital

Allotted, called up and fully paid
2024
£
  2023
£
120 Class B shares of £1,250.00 each 150,000    150,000 
150,000    150,000 
Allotted, called up and partly paid
2024
£
  2023
£
4,000,000 Class A shares of £1.00 each 4,000,000    4,000,000 
4,000,000    4,000,000 

2