Acorah Software Products - Accounts Production 16.3.350 false true 31 July 2023 1 August 2022 false 1 August 2023 31 July 2024 31 July 2024 11485247 Mrs Clare Tromans Mr Daniel Tromans Mr Daniel & Mrs Clare Tromans true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11485247 2023-07-31 11485247 2024-07-31 11485247 2023-08-01 2024-07-31 11485247 frs-core:CurrentFinancialInstruments 2024-07-31 11485247 frs-core:Non-currentFinancialInstruments 2024-07-31 11485247 frs-core:ShareCapital 2024-07-31 11485247 frs-core:RetainedEarningsAccumulatedLosses 2024-07-31 11485247 frs-bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 11485247 frs-bus:FilletedAccounts 2023-08-01 2024-07-31 11485247 frs-bus:SmallEntities 2023-08-01 2024-07-31 11485247 frs-bus:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 11485247 frs-bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 11485247 1 2023-08-01 2024-07-31 11485247 frs-bus:Director1 2023-08-01 2024-07-31 11485247 frs-bus:Director2 2023-08-01 2024-07-31 11485247 frs-core:CurrentFinancialInstruments 2 2024-07-31 11485247 frs-countries:EnglandWales 2023-08-01 2024-07-31 11485247 2022-07-31 11485247 2023-07-31 11485247 2022-08-01 2023-07-31 11485247 frs-core:CurrentFinancialInstruments 2023-07-31 11485247 frs-core:Non-currentFinancialInstruments 2023-07-31 11485247 frs-core:ShareCapital 2023-07-31 11485247 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31 11485247 frs-core:CurrentFinancialInstruments 2 2023-07-31
Registered number: 11485247
Peninsula Developments Limited
Unaudited Financial Statements
For The Year Ended 31 July 2024
Calculated Ltd
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 11485247
2024 2023
Notes £ £ £ £
FIXED ASSETS
Investment Properties 4 700,913 700,961
700,913 700,961
CURRENT ASSETS
Debtors 5 2,290 3,960
Cash at bank and in hand 2,926 3,317
5,216 7,277
Creditors: Amounts Falling Due Within One Year 6 (3,644 ) (3,095 )
NET CURRENT ASSETS (LIABILITIES) 1,572 4,182
TOTAL ASSETS LESS CURRENT LIABILITIES 702,485 705,143
Creditors: Amounts Falling Due After More Than One Year 7 (771,490 ) (769,635 )
NET LIABILITIES (69,005 ) (64,492 )
CAPITAL AND RESERVES
Called up share capital 8 2 2
Profit and Loss Account (69,007 ) (64,494 )
SHAREHOLDERS' FUNDS (69,005) (64,492)
For the year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 Daniel Tromans
Director
23/04/2025
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Peninsula Developments Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11485247 . The registered office is 377 Bromsgrove Road, Hunnington, Halesowen, B62 0JL.
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: 2 (2023: 2)
2 2
4. Investment Property
2024
£
Fair Value
As at 1 August 2023 700,961
Disposals (48 )
As at 31 July 2024 700,913
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 80 2,545
Prepayments and accrued income 2,210 1,415
2,290 3,960
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6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Other creditors -CT61 797 1,195
Accruals and deferred income 1,832 1,900
Amounts owed to associates 1,015 -
3,644 3,095
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 379,121 379,072
Directors loan account 392,369 390,563
771,490 769,635
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
9. Related Party Transactions
D & C TromansDirectorsIncluded within Creditors is the loan balance of £392,369 (2023 £390,563) from the directors at the end of the year. This loan has been charged interest, is unsecured and the loan is repayable on demand.

D & C Tromans

Directors

Included within Creditors is the loan balance of £392,369 (2023 £390,563) from the directors at the end of the year. This loan has been charged interest, is unsecured and the loan is repayable on demand.

Cae Fron LtdAssociated companyThe company has been provided a loan from a company under the control of the same directors. The balance at the year end was £1,015. This loan is unsecured, interest free and repayable on demand.

Cae Fron Ltd

Associated company

The company has been provided a loan from a company under the control of the same directors. The balance at the year end was £1,015. This loan is unsecured, interest free and repayable on demand.

10. Ultimate Controlling Party
The company's ultimate controlling party is Mr Daniel & Mrs Clare Tromans by virtue of their ownership of 100% of the issued share capital in the company.
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