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REGISTERED NUMBER: 09145003 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024

FOR

PEAKTOP INVESTMENTS LTD

PEAKTOP INVESTMENTS LTD (REGISTERED NUMBER: 09145003)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


PEAKTOP INVESTMENTS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2024







DIRECTORS: J A Ost
D J A Ost
I Reich





SECRETARY: A J Ost





REGISTERED OFFICE: 88 Osbaldeston Road
London
N16 6NL





REGISTERED NUMBER: 09145003 (England and Wales)





ACCOUNTANTS: Venitt and Greaves
Chartered Accountants
115 Craven Park Road
South Tottenham
London
N15 6BL

PEAKTOP INVESTMENTS LTD (REGISTERED NUMBER: 09145003)

STATEMENT OF FINANCIAL POSITION
31 JULY 2024

31.7.24 31.7.23
Notes £    £   
FIXED ASSETS
Tangible assets 5 248 292
Investment property 6 2,075,891 2,075,891
2,076,139 2,076,183

CURRENT ASSETS
Debtors 7 38,239 51,825
Cash at bank 32,625 49,353
70,864 101,178
CREDITORS
Amounts falling due within one year 8 (883,426 ) (890,615 )
NET CURRENT LIABILITIES (812,562 ) (789,437 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,263,577

1,286,746

CREDITORS
Amounts falling due after more than one
year

9

(930,300

)

(970,200

)
NET ASSETS 333,277 316,546

CAPITAL AND RESERVES
Called up share capital 12 20 20
Retained earnings 13 333,257 316,526
SHAREHOLDERS' FUNDS 333,277 316,546

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

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

PEAKTOP INVESTMENTS LTD (REGISTERED NUMBER: 09145003)

STATEMENT OF FINANCIAL POSITION - continued
31 JULY 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 24 April 2025 and were signed on its behalf by:





I Reich - Director


PEAKTOP INVESTMENTS LTD (REGISTERED NUMBER: 09145003)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

1. STATUTORY INFORMATION

Peaktop Investments Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents net rent receivable, excluding value added tax.

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 - 15% on reducing balance

Investment property
Investment property is shown at most recent valuation. 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

4. EMPLOYEES AND DIRECTORS

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

PEAKTOP INVESTMENTS LTD (REGISTERED NUMBER: 09145003)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024

5. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 August 2023
and 31 July 2024 1,072
DEPRECIATION
At 1 August 2023 780
Charge for year 44
At 31 July 2024 824
NET BOOK VALUE
At 31 July 2024 248
At 31 July 2023 292

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 August 2023
and 31 July 2024 2,075,891
NET BOOK VALUE
At 31 July 2024 2,075,891
At 31 July 2023 2,075,891

The directors have determined that the fair value of investment properties remain unchanged. The directors do not hold any professional qualification for fair market valuation but are considered competent in valuation due to their extensive experience in UK property market.

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade debtors 38,239 51,825

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Amounts owed to participating interests 492,221 492,221
Taxation and social security 6,680 14,889
Other creditors 384,525 383,505
883,426 890,615

PEAKTOP INVESTMENTS LTD (REGISTERED NUMBER: 09145003)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.24 31.7.23
£    £   
Bank loans (see note 10) 930,300 970,200

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 930,300 970,200

10. LOANS

An analysis of the maturity of loans is given below:

31.7.24 31.7.23
£    £   
Amounts falling due in more than five years:
Repayable by instalments
Bank loans more 5 yr by instal 930,300 970,200

11. SECURED DEBTS

The following secured debts are included within creditors:

31.7.24 31.7.23
£    £   
Bank loans 930,300 970,200

The bank loans and overdrafts are secured by a first charge over the company's properties and a floating charge over the assets of the company, and bear interest at variable rates.

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.24 31.7.23
value: £    £   
20 ORDINARY 1 20 20

13. RESERVES
Retained
earnings
£   

At 1 August 2023 316,526
Profit for the year 16,731
At 31 July 2024 333,257