Company No:
Contents
Note | 31.12.2024 | |
£ | ||
Fixed assets | ||
Tangible assets | 3 |
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156,705 | ||
Creditors: amounts falling due within one year | 4 | (
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Net current liabilities | (156,704) | |
Total assets less current liabilities | 1 | |
Net assets |
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Capital and reserves | ||
Called-up share capital | 5 |
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Total shareholder's funds |
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Director's responsibilities:
The financial statements of Peak House Estate Limited (registered number:
Dr K Deeming
Director |
The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period, unless otherwise stated.
Peak House Estate Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Centenary House Peninsula Park, Rydon Lane, Exeter, EX2 7XE, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.
The director has assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The director has a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.
Land and buildings | not depreciated |
Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.
Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.
Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.
Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.
Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.
Other basic financial liabilities are measured at amortised cost.
Period from 01.11.2023 to 31.12.2024 |
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Number | |
Monthly average number of persons employed by the Company during the period, including the director |
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Land and buildings | Total | ||
£ | £ | ||
Cost | |||
At 01 November 2023 |
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Additions |
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At 31 December 2024 |
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Accumulated depreciation | |||
At 01 November 2023 |
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At 31 December 2024 |
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Net book value | |||
At 31 December 2024 |
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31.12.2024 | |
£ | |
Other creditors |
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31.12.2024 | |
£ | |
Allotted, called-up and fully-paid | |
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Transactions with the entity's director
31.12.2024 | |
£ | |
Loan from director | 156,704 |
During the year £156,704 was advanced by the director. This amount is repayable on demand and interest free.