Registered number
13516062
Peanut Property Holdings Limited
Filleted Accounts
31 December 2024
Peanut Property Holdings Limited
Registered number: 13516062
Balance Sheet
as at 31 December 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 880,000 490,000
Current assets
Cash at bank and in hand 2,141 94,669
Creditors: amounts falling due within one year 4 (492) (555)
Net current assets 1,649 94,114
Total assets less current liabilities 881,649 584,114
Creditors: amounts falling due after more than one year 5 (720,112) (563,328)
Net assets 161,537 20,786
Capital and reserves
Called up share capital 10 10
Revaluation reserve 6 157,060 18,410
Profit and loss account 4,467 2,366
Shareholders' funds 161,537 20,786
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
H C Staelens
Director
Approved by the board on 28 February 2025
Peanut Property Holdings Limited
Notes to the Accounts
for the year ended 31 December 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Investment property nil
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Investment property
£
Cost
At 1 January 2024 490,000
Additions 251,350
Surplus on revaluation 138,650
At 31 December 2024 880,000
Depreciation
At 31 December 2024 -
Net book value
At 31 December 2024 880,000
At 31 December 2023 490,000
4 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs 492 555
5 Creditors: amounts falling due after one year 2024 2023
£ £
Mortgages 481,638 327,755
Directors loan 238,474 235,573
720,112 563,328
6 Revaluation reserve 2024 2023
£ £
At 1 January 2024 18,410 -
Gain on revaluation of land and buildings 138,650 18,410
At 31 December 2024 157,060 18,410
7 Controlling party
The company is controlled by H C Staelens.
8 Other information
Peanut Property Holdings Limited is a private company limited by shares and incorporated in England. Its registered office is:
Rotunda Buildings
Montpellier Exchange
Cheltenham
Glos
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