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REGISTERED NUMBER: 04141031 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2024

for

Peerage Developments (London) Limited

Peerage Developments (London) Limited (Registered number: 04141031)






Contents of the Financial Statements
for the year ended 31 October 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Peerage Developments (London) Limited

Company Information
for the year ended 31 October 2024







DIRECTOR: P A Laws





SECRETARY:





REGISTERED OFFICE: Unit 6, Cherrytree Lane
Blackmore End Road
Sible Hedingham
HALSTEAD
Essex
CO9 3LZ





REGISTERED NUMBER: 04141031 (England and Wales)





ACCOUNTANTS: Simpson Accountancy
Unit 6 Cherrytree Farm
Blackmore End Road
Sible Hedingham
Essex
C09 3LZ

Peerage Developments (London) Limited (Registered number: 04141031)

Balance Sheet
31 October 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 56,063 -

CURRENT ASSETS
Stocks 22,651 17,000
Debtors 5 59,797 69,634
Cash at bank and in hand 10,666 6,309
93,114 92,943
CREDITORS
Amounts falling due within one year 6 100,814 57,472
NET CURRENT (LIABILITIES)/ASSETS (7,700 ) 35,471
TOTAL ASSETS LESS CURRENT
LIABILITIES

48,363

35,471

CREDITORS
Amounts falling due after more than one
year

7

(27,840

)

(35,073

)

PROVISIONS FOR LIABILITIES (8,610 ) -
NET ASSETS 11,913 398

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 11,911 396
SHAREHOLDERS' FUNDS 11,913 398

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Peerage Developments (London) Limited (Registered number: 04141031)

Balance Sheet - continued
31 October 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 director and authorised for issue on 20 June 2025 and were signed by:





P A Laws - Director


Peerage Developments (London) Limited (Registered number: 04141031)

Notes to the Financial Statements
for the year ended 31 October 2024

1. STATUTORY INFORMATION

Peerage Developments (London) 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.

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.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Peerage Developments (London) Limited (Registered number: 04141031)

Notes to the Financial Statements - continued
for the year ended 31 October 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - 1 ).

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 November 2023 88,882
Additions 59,000
At 31 October 2024 147,882
DEPRECIATION
At 1 November 2023 88,882
Charge for year 2,937
At 31 October 2024 91,819
NET BOOK VALUE
At 31 October 2024 56,063

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 21,813 55,006
Other debtors 37,984 14,628
59,797 69,634

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 67,543 25,809
Taxation and social security 3,124 3,767
Other creditors 30,147 27,896
100,814 57,472

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 27,840 35,073

8. RELATED PARTY DISCLOSURES

During the year, total dividends of £25,000 (2023 - £17,000) were paid to the director .

9. ULTIMATE CONTROLLING PARTY

The controlling party is P A Laws.