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Registration number: 10519631

Peninsula Property Surveying Ltd

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2025

 

Peninsula Property Surveying Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 7

 

Peninsula Property Surveying Ltd

Company Information

Director

Mr Philip Routledge

Registered office

61 Highwayman Road
Boroughbridge
York
YO51 9RJ

Accountants

Neil Wilson Accountancy Limited Bank Chambers
260-262 Union Street
Torquay
Devon
TQ2 5QU

 

Peninsula Property Surveying Ltd

(Registration number: 10519631)
Balance Sheet as at 31 March 2025

Note

2025
£

2024
£

Current assets

 

Debtors

5

46,090

44,222

Cash at bank and in hand

 

1,304

249

 

47,394

44,471

Creditors: Amounts falling due within one year

6

(9,006)

(4,252)

Net assets

 

38,388

40,219

Capital and reserves

 

Called up share capital

7

2

2

Retained earnings

38,386

40,217

Shareholders' funds

 

38,388

40,219

For the financial year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 2 April 2025
 

.........................................
Mr Philip Routledge
Director

 

Peninsula Property Surveying Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1

General information

The company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
61 Highwayman Road
Boroughbridge
York
YO51 9RJ

These financial statements were authorised for issue by the director on 2 April 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

Peninsula Property Surveying Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office equipment

25% reducing balance

Furniture and fittings

25% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 2 (2024 - 2).

 

Peninsula Property Surveying Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 April 2024

1,545

1,545

At 31 March 2025

1,545

1,545

Depreciation

At 1 April 2024

1,545

1,545

At 31 March 2025

1,545

1,545

Carrying amount

At 31 March 2025

-

-

5

Debtors

Current

Note

2025
£

2024
£

Amounts owed by related parties

9

43,086

43,083

Other debtors

 

3,004

1,139

   

46,090

44,222

6

Creditors

Creditors: amounts falling due within one year

2025
£

2024
£

Due within one year

Taxation and social security

1,356

937

Accruals and deferred income

150

15

Other creditors

7,500

3,300

9,006

4,252

7

Share capital

Allotted, called up and fully paid shares

 

Peninsula Property Surveying Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

2025

2024

No.

£

No.

£

Ordinary share of £1 each

2

2

2

2

       

8

Dividends

2025

2024

£

£

Final dividend of £Nil (2024 - £2.00) per ordinary share

-

-

Interim dividend of £1,000.00 (2024 - £4.00) per ordinary share

11,000

2,000

11,000

2,000

 

 

9

Related party transactions

Transactions with the director

2025

At 1 April 2024
£

Advances to director
£

At 31 March 2025
£

Mr Philip Routledge

loan to director

(8,347)

3

(8,344)

2024

At 1 April 2023
£

Repayments by director
£

At 31 March 2024
£

Mr Philip Routledge

loan to director

3,613

(11,960)

(8,347)

Director's remuneration

The director's remuneration for the year was as follows:

2025
£

2024
£

Remuneration

12,570

12,570

Dividends paid to the director

 

Peninsula Property Surveying Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

2025
£

2024
£

Mr Philip Routledge

Interim dividend paid

2,000

1,000

-

-

2,000

1,000