Pepcrest Limited
Registered number: 01154336
Balance Sheet
as at 31 March 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 3 228,974 228,974
Investments 4 421,747 447,394
650,721 676,368
Current assets
Debtors 5 291 291
Cash at bank and in hand 14,084 35,099
14,375 35,390
Creditors: amounts falling due within one year 6 (8,933) (49,018)
Net current assets/(liabilities) 5,442 (13,628)
Net assets 656,163 662,740
Capital and reserves
Called up share capital 100 100
Profit and loss account 656,063 662,640
Shareholders' funds 656,163 662,740
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
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.
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.
N S Kanaar
Director
Approved by the board on 7 May 2025
Pepcrest Limited
Notes to the Accounts
for the year ended 31 March 2025
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.
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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold investment property Not depreciated
Improvements to property 25% reducing balance
Fixtures and fittings 25% reducing balance
Investments
Investments in unquoted equity instruments are measured at fair value. Changes in fair value are recognised in profit or loss. Fair value is estimated by using a valuation technique.
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.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Freehold property Improve-ments to property Fixtures and fittings Total
£ £ £ £
Cost
At 1 April 2024 228,972 56,773 14,274 300,019
At 31 March 2025 228,972 56,773 14,274 300,019
Depreciation
At 1 April 2024 - 56,772 14,273 71,045
At 31 March 2025 - 56,772 14,273 71,045
Net book value
At 31 March 2025 228,972 1 1 228,974
At 31 March 2024 228,972 1 1 228,974
4 Investments
Other
investments
£
Valuation
At 1 April 2024 447,394
Unrealised (loss) gain on revaluation of listed investments 43,133
Disposals (68,780)
At 31 March 2025 421,747
5 Debtors 2025 2024
£ £
Other debtors 291 291
6 Creditors: amounts falling due within one year 2025 2024
£ £
Corporation tax 9,776 9,880
Other creditors (843) 39,138
8,933 49,018
7 Controlling party
Mrs C J Kanaar, a director, controls the company by virtue of a controlling interest in the issued ordinary share capital.
8 Other information
Pepcrest Limited is a private company limited by shares and incorporated in England. Its registered office is:
1 Samuel Court
Kelsey Park Avenue
Beckenham
Kent
BR3 6UN
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