Registration number: 6391712

Peniche Limited

Contents

Statement of Financial Position	1
Notes to the Unaudited Financial Statements	2 to 5

Peniche Limited

(Registration number: 6391712)
Statement of Financial Position as at 31 December 2024

	Note	2024 £	2023 £
Fixed assets
Tangible assets	4	108,162	126,268
Current assets
Debtors	5	1,894,555	1,901,033
Cash at bank and in hand		56,129	115,234
		1,950,684	2,016,267
Creditors: Amounts falling due within one year	6	(1,447,540)	(1,385,228)
Net current assets		503,144	631,039
Total assets less current liabilities		611,306	757,307
Provisions for liabilities		(18,937)	(23,991)
Net assets		592,369	733,316
Capital and reserves
Called up share capital		100,000	100,000
Retained earnings		492,369	633,316
Shareholders' funds		592,369	733,316

For the financial year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' 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 directors acknowledge their 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.

These financial statements have been 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 directors have not delivered to the registrar a copy of the Income Statement.

Approved and authorised by the Board on 4 June 2025 and signed on its behalf by:
 

......................................... Mr S R Marsh Director

Peniche Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 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:
Greta House
156 Chester Road
Hazel Grove
Stockport
SK7 6NE

These financial statements were authorised for issue by the Board on 4 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.

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 and deferred 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.

Peniche Limited

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

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the statement of financial position 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.

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% Straight Line
Motor Vehicles	25% Reducing Balance
Short Leasehold Propertty	15% Straight Line

Financial instruments

Classification
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the income statement.
 

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

Peniche Limited

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

4	Tangible assets

	Land and buildings £	Furniture, fittings and equipment  £	Motor vehicles  £	Total £
Cost or valuation
At 1 January 2024	31,211	15,065	96,207	142,483
Additions	-	1,799	-	1,799
At 31 December 2024	31,211	16,864	96,207	144,282
Depreciation
At 1 January 2024	3,140	7,974	5,101	16,215
Charge for the year	4,681	2,983	12,241	19,905
At 31 December 2024	7,821	10,957	17,342	36,120
Carrying amount
At 31 December 2024	23,390	5,907	78,865	108,162
At 31 December 2023	28,071	7,091	91,106	126,268

5

Debtors

Current	2024 £	2023 £
Trade debtors	1,209,278	1,900,016
Other debtors	685,277	1,017
	1,894,555	1,901,033

Peniche Limited

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

6

Creditors

Creditors: amounts falling due within one year

	2024 £	2023 £
Due within one year
Accruals and deferred income	16,668	20,196
Other creditors	1,430,872	1,365,032
	1,447,540	1,385,228

7	Related party transactions

Summary of transactions with other related parties

Included within Trade Debtors is £1,160 (2023: £1,160) owed by Pepper Road Gym Limited, a company registered in England and Wales, which is under common control. The loan is interest free with no set repayment date.
Included within Trade Debtors is £263,941 (2023: £275,541) owed by Peniche Ventures Limited, a company registered in England and Wales, which is under common control. The loan is interest free with no set repayment date.