Registered number
09716678
Pepper Alley Ltd
Filleted Accounts
31 August 2024
Pepper Alley Ltd
Registered number: 09716678
Balance Sheet
as at 31 August 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 1,328,786 1,328,786
Current assets
Cash at bank and in hand 320,192 318,421
Creditors: amounts falling due within one year 4 (437,533) (492,000)
Net current liabilities (117,341) (173,579)
Total assets less current liabilities 1,211,445 1,155,207
Creditors: amounts falling due after more than one year 5 (1,053,578) (1,053,466)
Net assets 157,867 101,741
Capital and reserves
Called up share capital 1 1
Revaluation reserve 6 95,000 95,000
Profit and loss account 62,866 6,740
Shareholder's funds 157,867 101,741
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
A Osborne
Director
Approved by the board on 16 April 2025
Pepper Alley Ltd
Notes to the Accounts
for the year ended 31 August 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Land and buildings
£
Cost
At 1 September 2023 1,328,786
At 31 August 2024 1,328,786
Depreciation
At 31 August 2024 -
Net book value
At 31 August 2024 1,328,786
At 31 August 2023 1,328,786
4 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 159,820 192,269
Taxation and social security costs 15,134 1,581
Other creditors 262,579 298,150
437,533 492,000
5 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 1,053,578 1,053,466
6 Revaluation reserve 2024 2023
£ £
At 1 September 2023 95,000 95,000
At 31 August 2024 95,000 95,000
7 Other information
Pepper Alley Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Temperance House
Langdon Lane
Radway
Warwickshire
CV35 0UQ
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