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REGISTERED NUMBER: 02035139 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 September 2024

for

Pejep Limited

Pejep Limited (Registered number: 02035139)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Pejep Limited

Company Information
for the Year Ended 30 September 2024







DIRECTORS: P J Watts
J H Mason
S M Rogers



REGISTERED OFFICE: 20a High Street
Glastonbury
Somerset
BA6 9DU



REGISTERED NUMBER: 02035139 (England and Wales)



ACCOUNTANTS: Edward Howells Associates Limited
Chartered Certified Accountants
20a High Street
Glastonbury
Somerset
BA6 9DU



BANKERS: National Westminster Bank
7 High Street
Wells
Somerset
BA5 2AD

Pejep Limited (Registered number: 02035139)

Balance Sheet
30 September 2024

30.9.24 30.9.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 1,160,000 537,307

CURRENT ASSETS
Debtors 5 4,333 2,026
Cash at bank 24,706 53,890
29,039 55,916
CREDITORS
Amounts falling due within one year 6 48,967 46,313
NET CURRENT (LIABILITIES)/ASSETS (19,928 ) 9,603
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,140,072

546,910

PROVISIONS FOR LIABILITIES 70,635 -
NET ASSETS 1,069,437 546,910

CAPITAL AND RESERVES
Called up share capital 123 123
Undistributable reserve 7 552,058 -
Retained earnings 517,256 546,787
SHAREHOLDERS' FUNDS 1,069,437 546,910

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

Pejep Limited (Registered number: 02035139)

Balance Sheet - continued
30 September 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6 May 2025 and were signed on its behalf by:





J H Mason - Director


Pejep Limited (Registered number: 02035139)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

Pejep 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 as modified by the revaluation of certain assets.

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.

The company's freehold properties are held at their current market value.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

Pejep Limited (Registered number: 02035139)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

4. TANGIBLE FIXED ASSETS
Freehold
property
£   
COST OR VALUATION
At 1 October 2023 537,307
Revaluations 622,693
At 30 September 2024 1,160,000
NET BOOK VALUE
At 30 September 2024 1,160,000
At 30 September 2023 537,307

Cost or valuation at 30 September 2024 is represented by:

Freehold
property
£   
Valuation in 2024 622,693
Cost 537,307
1,160,000

If freehold properties had not been revalued they would have been included at the following historical cost:

30.9.24 30.9.23
£    £   
Cost 537,307 -

Freehold properties were valued on an open market basis on 30 September 2024 by Messrs. Symonds & Sampson .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors 2,860 629
Prepayments 1,473 1,397
4,333 2,026

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Tax 11,513 13,974
Payments on account 33,556 26,738
Accrued expenses 3,898 5,601
48,967 46,313

Pejep Limited (Registered number: 02035139)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

7. RESERVES

The undistributable reserve relates to the revaluation of the freehold properties, less the provision for the potential tax liability if they were sold. The reserve is not available for the purposes of dividend distributions.