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REGISTERED NUMBER: 01946449 (England and Wales)






















Unaudited Financial Statements for the Year Ended 29 May 2024

for

Peter Vergette Limited

Peter Vergette Limited (Registered number: 01946449)






Contents of the Financial Statements
for the year ended 29 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Peter Vergette Limited

Company Information
for the year ended 29 May 2024







DIRECTORS: P Vergette
Mrs S M Vergette
Miss J C Vergette





SECRETARY: P Vergette





REGISTERED OFFICE: Regent's Court
Princess Street
Hull
East Yorkshire
HU2 8BA





REGISTERED NUMBER: 01946449 (England and Wales)





ACCOUNTANTS: Smailes Goldie
Chartered Accountants
Regent's Court
Princess Street
Hull
East Yorkshire HU2 8BA

Peter Vergette Limited (Registered number: 01946449)

Balance Sheet
29 May 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 532,377 519,868
Investments 5 20,000 20,000
Investment property 6 150,000 150,000
702,377 689,868

CURRENT ASSETS
Debtors 7 200,090 230,730
Cash at bank and in hand 2,824 3,012
202,914 233,742
CREDITORS
Amounts falling due within one year 8 58,923 80,577
NET CURRENT ASSETS 143,991 153,165
TOTAL ASSETS LESS CURRENT
LIABILITIES

846,368

843,033

CREDITORS
Amounts falling due after more than one
year

9

27,525

30,302
NET ASSETS 818,843 812,731

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Revaluation reserve 11 60,698 60,698
Retained earnings 757,145 751,033
SHAREHOLDERS' FUNDS 818,843 812,731

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 May 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Peter Vergette Limited (Registered number: 01946449)

Balance Sheet - continued
29 May 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 May 2025 and were signed on its behalf by:





P Vergette - Director


Peter Vergette Limited (Registered number: 01946449)

Notes to the Financial Statements
for the year ended 29 May 2024

1. STATUTORY INFORMATION

Peter Vergette Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - Nil
Improvements to property - 2% on cost
Plant and machinery - 25% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Peter Vergette Limited (Registered number: 01946449)

Notes to the Financial Statements - continued
for the year ended 29 May 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant and Computer
property property machinery equipment Totals
£    £    £    £    £   
COST
At 30 May 2023 476,124 29,584 53,843 1,546 561,097
Additions - 10,752 5,535 - 16,287
At 29 May 2024 476,124 40,336 59,378 1,546 577,384
DEPRECIATION
At 30 May 2023 - 1,727 38,587 915 41,229
Charge for year - 177 3,214 387 3,778
At 29 May 2024 - 1,904 41,801 1,302 45,007
NET BOOK VALUE
At 29 May 2024 476,124 38,432 17,577 244 532,377
At 29 May 2023 476,124 27,857 15,256 631 519,868

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 30 May 2023
and 29 May 2024 20,000
NET BOOK VALUE
At 29 May 2024 20,000
At 29 May 2023 20,000

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 30 May 2023
and 29 May 2024 150,000
NET BOOK VALUE
At 29 May 2024 150,000
At 29 May 2023 150,000

Peter Vergette Limited (Registered number: 01946449)

Notes to the Financial Statements - continued
for the year ended 29 May 2024

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 556
Amounts owed by group undertakings 193,543 211,399
Other debtors 6,547 18,775
200,090 230,730

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 3,533 2,030
Other creditors 55,390 78,547
58,923 80,577

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other creditors 27,525 30,302

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Other loans 35,830 49,292

The company's bank facilities are secured by a cross guarantee and debenture between John Vergette Limited. The other loan is secured over shares in Peter Vergette Ltd.

11. RESERVES
Revaluation
reserve
£   
At 30 May 2023
and 29 May 2024 60,698

12. CONTINGENT LIABILITIES

The company is party to a joint and several guarantee with its subsidiary undertaking to guarantee the bank borrowings of the group. The net liability at 29th May 2024 £334,876 (2023 £348,535).