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Registration number: 13261146

Peak Group (Woodcote) Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 31 August 2024

 

Peak Group (Woodcote) Ltd

Contents

Company Information

1

Director's Report

2

Profit and Loss Account

3

Balance Sheet

4 to 5

Statement of Changes in Equity

6

Notes to the Unaudited Financial Statements

7 to 11

 

Peak Group (Woodcote) Ltd

Company Information

Director

Mr G Hayden

Registered office

First Floor
81 - 85 High Street
Brentwood
Essex
CM14 4RR

Accountants

F9 Consulting Ltd
Chartered Certified Accountants
First Floor
81 - 85 High Street
Brentwood
Essex
CM14 4RR

 

Peak Group (Woodcote) Ltd

Director's Report for the Year Ended 31 August 2024

The director presents his report and the financial statements for the year ended 31 August 2024.

Directors of the company

The directors who held office during the year were as follows:

Mr MJ Simpson (ceased 30 April 2024)

Mr G Hayden

Principal activity

The principal activity of the company is Development Of Building Projects

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the director on 18 June 2025
 

.........................................
Mr G Hayden
Director

 

Peak Group (Woodcote) Ltd

Profit and Loss Account for the Year Ended 31 August 2024

Note

2024
£

2023
£

Turnover

 

-

-

Cost of sales

 

(261,132)

(1,390,248)

Gross loss

 

(261,132)

(1,390,248)

Administrative expenses

 

(78,360)

(534,087)

Operating loss

 

(339,492)

(1,924,335)

Interest payable and similar expenses

 

(611,835)

(397,712)

Loss before tax

(951,327)

(2,322,047)

Loss for the financial year

 

(951,327)

(2,322,047)

The above results were derived from continuing operations.

 

Peak Group (Woodcote) Ltd

(Registration number: 13261146)
Balance Sheet as at 31 August 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

4,234,000

1,300,000

Current assets

 

Debtors

5

723,710

11,990

Cash at bank and in hand

 

20,185

26,132

 

743,895

38,122

Creditors: Amounts falling due within one year

6

(5,666,082)

(3,435,448)

Net current liabilities

 

(4,922,187)

(3,397,326)

Total assets less current liabilities

 

(688,187)

(2,097,326)

Creditors: Amounts falling due after more than one year

6

(8,070)

(534,676)

Net liabilities

 

(696,257)

(2,632,002)

Capital and reserves

 

Called up share capital

7

300

300

Revaluation reserve

2,887,072

-

Retained earnings

(3,583,629)

(2,632,302)

Shareholders' deficit

 

(696,257)

(2,632,002)

For the financial year ending 31 August 2024 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 in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the director on 18 June 2025
 

 

Peak Group (Woodcote) Ltd

(Registration number: 13261146)
Balance Sheet as at 31 August 2024 (continued)

.........................................
Mr G Hayden
Director

 

Peak Group (Woodcote) Ltd

Statement of Changes in Equity for the Year Ended 31 August 2024

Share capital
£

Revaluation reserve
£

Retained earnings
£

Total
£

At 1 September 2023

300

-

(2,632,302)

(2,632,002)

Loss for the year

-

-

(951,327)

(951,327)

Other comprehensive income

-

2,887,072

-

2,887,072

Total comprehensive income

-

2,887,072

(951,327)

1,935,745

At 31 August 2024

300

2,887,072

(3,583,629)

(696,257)

Share capital
£

Retained earnings
£

Total
£

At 1 September 2022

300

(310,255)

(309,955)

Loss for the year

-

(2,322,047)

(2,322,047)

At 31 August 2023

300

(2,632,302)

(2,632,002)

 

Peak Group (Woodcote) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
First Floor
81 - 85 High Street
Brentwood
Essex
CM14 4RR

These financial statements were authorised for issue by the director on 18 June 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.

Going concern

The financial statements have been prepared on a going concern basis.

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.

 

Peak Group (Woodcote) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024 (continued)

2

Accounting policies (continued)

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.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

 

Peak Group (Woodcote) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024 (continued)

2

Accounting policies (continued)

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.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

4

Tangible assets

Land and buildings
£

Total
£

Cost or valuation

At 1 September 2023

1,300,000

1,300,000

Revaluations

2,887,072

2,887,072

Additions

46,928

46,928

At 31 August 2024

4,234,000

4,234,000

Depreciation

Carrying amount

At 31 August 2024

4,234,000

4,234,000

At 31 August 2023

1,300,000

1,300,000

Included within the net book value of land and buildings above is £4,234,000 (2023 - £1,300,000) in respect of freehold land and buildings.
 

5

Debtors

Current

Note

2024
£

2023
£

Amounts owed by related parties

723,710

-

Other debtors

 

-

11,990

   

723,710

11,990

 

Peak Group (Woodcote) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024 (continued)

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

9

5,629,344

3,383,211

Amounts owed to group undertakings and undertakings in which the company has a participating interest

34,738

52,236

Other creditors

 

2,000

1

 

5,666,082

3,435,448

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

9

8,070

534,676

7

Share capital

8

Reserves

The changes to each component of equity resulting from items of other comprehensive income for the current year were as follows:

Revaluation reserve
£

Total
£

Surplus/deficit on property, plant and equipment revaluation

2,887,072

2,887,072

 

Peak Group (Woodcote) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024 (continued)

9

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

-

533,843

Other borrowings

8,070

833

8,070

534,676

Current loans and borrowings

2024
£

2023
£

Bank borrowings

5,629,344

3,376,211

Other borrowings

-

7,000

5,629,344

3,383,211