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REGISTERED NUMBER: 05026224 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 December 2024

for

PEACH 20/20 LIMITED

PEACH 20/20 LIMITED (REGISTERED NUMBER: 05026224)

Contents of the Financial Statements
for the Year Ended 31 December 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


PEACH 20/20 LIMITED

Company Information
for the Year Ended 31 December 2024







Directors: A J Giles
D S Walsh
P C Martin





Secretary: A J Giles





Registered office: Waterloo Place
Watson Square
Stockport
Cheshire
SK1 3AZ





Registered number: 05026224 (England and Wales)





Accountants: S&W Partners (Manchester) Limited
Accountants
Northern Assurance Buildings
9-21 Princess Street
Manchester
M2 4DN

PEACH 20/20 LIMITED (REGISTERED NUMBER: 05026224)

Balance Sheet
31 December 2024

2024 2023
Notes £    £    £   
Fixed assets
Intangible assets 5 180,000 210,000
Tangible assets 6 120 469
180,120 210,469

Current assets
Debtors 7 66,851 109,672
Cash at bank 171,409 40,387
238,260 150,059
Creditors
Amounts falling due within one year 8 283,591 276,312
Net current liabilities (45,331 ) (126,253 )
Total assets less current liabilities 134,789 84,216

Capital and reserves
Called up share capital 9 33,334 33,334
Share premium 10 199,542 199,542
Other reserves 10 444,000 444,000
Retained earnings 10 (542,087 ) (592,660 )
Shareholders' funds 134,789 84,216

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 July 2025 and were signed on its behalf by:





A J Giles - Director


PEACH 20/20 LIMITED (REGISTERED NUMBER: 05026224)

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


1. Statutory information

Peach 20/20 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. Statement of compliance

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.

3. Accounting policies

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

The presentation currency of these financial statements is Sterling. All amounts in these financial statements have been rounded to the nearest £1.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the company's accounting policies.

The following principal accounting policies have been applied:

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2020, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33% straight line

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses.

Financial instruments
Short term debtors are measured at transaction price, less any impairment.

Short term creditors are measured at the transaction price.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.


PEACH 20/20 LIMITED (REGISTERED NUMBER: 05026224)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024


3. Accounting policies - continued
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.

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.

4. Employees and directors

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

5. Intangible fixed assets
Goodwill
£   
Cost
At 1 January 2024
and 31 December 2024 300,000
Amortisation
At 1 January 2024 90,000
Charge for year 30,000
At 31 December 2024 120,000
Net book value
At 31 December 2024 180,000
At 31 December 2023 210,000

6. Tangible fixed assets
Computer
equipment
£   
Cost
At 1 January 2024
and 31 December 2024 1,049
Depreciation
At 1 January 2024 580
Charge for year 349
At 31 December 2024 929
Net book value
At 31 December 2024 120
At 31 December 2023 469

PEACH 20/20 LIMITED (REGISTERED NUMBER: 05026224)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024


7. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors 26,601 37,584
Other debtors 40,250 72,088
66,851 109,672

8. Creditors: amounts falling due within one year
2024 2023
£    £   
Trade creditors 24,287 27,269
Amounts owed to group undertakings 200,000 -
Other creditors 59,304 249,043
283,591 276,312

9. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
33,334 Ordinary £1 33,334 33,334

10. Reserves

Called up share capital

The called up share capital represents the nominal value of the shares issued.

Share premium account

The premium account includes the premium on issue of equity shares, net of any issue costs.

Capital contribution reserve

The capital contribution reserve represents amounts advanced by the parent company for settling outstanding liabilities.

Profit and loss account

The profit and loss account represents cumulative profits or losses net of dividends paid and other adjustments.

11. Related party disclosures

During the year there were purchases of £121,428 (2023- £110,215) with companies under common control. At year end there were amounts owed to companies under control of £18,135 (2023- £14,545) included in trade creditors.

During the year there were purchases of £87,898 (2023 - £89,451) with a shareholder. At year end there were amounts owed to a shareholder of £Nil (2023 - £8,527) included in trade creditors.

PEACH 20/20 LIMITED (REGISTERED NUMBER: 05026224)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024


12. Ultimate controlling party

The immediate and ultimate parent undertaking of the company is Mondiale Media Limited, incorporated in England and Wales. Their registered office is Waterloo Place, Watson Square, Stockport, SK1 3AZ.

Mondiale Media is controlled by D S Walsh by virtue of his majority shareholdings in the ultimate parent company.