0 Peace Productions Ltd 12438954 false 2024-03-01 2025-02-28 2025-02-28 The principal activity of the company is sound recording and music publishing Digita Accounts Production Advanced 6.30.9574.0 true 12438954 2024-03-01 2025-02-28 12438954 2025-02-28 12438954 bus:OrdinaryShareClass1 2025-02-28 12438954 core:CurrentFinancialInstruments 2025-02-28 12438954 core:CurrentFinancialInstruments core:WithinOneYear 2025-02-28 12438954 core:FurnitureFittingsToolsEquipment 2025-02-28 12438954 core:OtherPropertyPlantEquipment 2025-02-28 12438954 bus:SmallEntities 2024-03-01 2025-02-28 12438954 bus:AuditExemptWithAccountantsReport 2024-03-01 2025-02-28 12438954 bus:FilletedAccounts 2024-03-01 2025-02-28 12438954 bus:SmallCompaniesRegimeForAccounts 2024-03-01 2025-02-28 12438954 bus:RegisteredOffice 2024-03-01 2025-02-28 12438954 bus:Director1 2024-03-01 2025-02-28 12438954 bus:OrdinaryShareClass1 2024-03-01 2025-02-28 12438954 bus:PrivateLimitedCompanyLtd 2024-03-01 2025-02-28 12438954 bus:Agent1 2024-03-01 2025-02-28 12438954 core:FurnitureFittings 2024-03-01 2025-02-28 12438954 core:FurnitureFittingsToolsEquipment 2024-03-01 2025-02-28 12438954 core:OfficeEquipment 2024-03-01 2025-02-28 12438954 core:OtherPropertyPlantEquipment 2024-03-01 2025-02-28 12438954 countries:England 2024-03-01 2025-02-28 12438954 2024-02-29 12438954 core:FurnitureFittingsToolsEquipment 2024-02-29 12438954 core:OtherPropertyPlantEquipment 2024-02-29 12438954 2023-03-01 2024-02-29 12438954 2024-02-29 12438954 bus:OrdinaryShareClass1 2024-02-29 12438954 core:CurrentFinancialInstruments 2024-02-29 12438954 core:CurrentFinancialInstruments core:WithinOneYear 2024-02-29 12438954 core:FurnitureFittingsToolsEquipment 2024-02-29 12438954 core:OtherPropertyPlantEquipment 2024-02-29 xbrli:pure iso4217:GBP xbrli:shares

Registration number: 12438954

Peace Productions Ltd

Report of the Directors and Unaudited Financial Statements

for the Year Ended 28 February 2025

 

Peace Productions Ltd

Contents of The Financial Statements
for the Year Ended 28 February 2025

 

Company Information

1

Accountants' Report

2

Balance Sheet

3

Notes to the Unaudited Financial Statements

4 to 9

 

Peace Productions Ltd

Company Information
for the Year Ended 28 February 2025

Director

Mr Joshua Abbott

Registered office

Rowans House
Running Mare Lane
Chelmsford
Essex
CM2 8PN

Accountants

Insight Strategic Associates
Chartered Certified Accountants10 Towerfield Road
Shoeburyness
Essex
SS3 9QE

 

Chartered Certified Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Peace Productions Ltd
for the Year Ended 28 February 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Peace Productions Ltd for the year ended 28 February 2025 as set out on pages 3 to 9 from the company's accounting records and from information and explanations you have given us.
 

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at
http://www.accaglobal.com/gb/en/discover/public-value/rulebook.html.
 

This report is made solely to the Board of Directors of Peace Productions Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Peace Productions Ltd and state those matters that we have agreed to state to the Board of Directors of Peace Productions Ltd, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com
/gb/en/technical-activities/technical-resources-search/2009/october/factsheet-163-audit
-exempt-companies.html. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Peace Productions Ltd and its Board of Directors as a body for our work or for this report.
 

It is your duty to ensure that Peace Productions Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Peace Productions Ltd. You consider that Peace Productions Ltd is exempt from the statutory audit requirement for the year.
 

We have not been instructed to carry out an audit or a review of the accounts of Peace Productions Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Insight Strategic Associates
Chartered Certified Accountants

10 Towerfield Road
Shoeburyness
Essex
SS3 9QE

28 July 2025

 

Peace Productions Ltd

(Registration number: 12438954 )
Balance Sheet as at 28 February 2025

Note

2025
£

2024
£

Fixed assets

 

Tangible assets

4

1,769

6,712

Current assets

 

Debtors

5

3,298

536

Cash at bank and in hand

 

3,656

2,152

 

6,954

2,688

Creditors: Amounts falling due within one year

6

(54,952)

(56,717)

Net current liabilities

 

(47,998)

(54,029)

Net liabilities

 

(46,229)

(47,317)

Capital and reserves

 

Called up share capital

7

2

2

Share premium reserve

1,499

1,499

Retained earnings

(47,730)

(48,818)

Shareholders' deficit

 

(46,229)

(47,317)

For the financial year ending 28 February 2025 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 and 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 director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 28 July 2025
 

.........................................
Mr Joshua Abbott
Director

 

Peace Productions Ltd

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

1

General information

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

The address of its registered office is:
Rowans House
Running Mare Lane
Chelmsford
Essex
CM2 8PN
England

These financial statements were authorised for issue by the director on 28 July 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.

 

Peace Productions Ltd

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

2

Accounting policies (continued)

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.

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

Straight line over four years

Fixtures & Fittings

Straight line over 3 years

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.

 

Peace Productions Ltd

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

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 0 (2024 - 1).

 

Peace Productions Ltd

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

4

Tangible assets

Furniture, fittings and equipment
 £

Other tangible assets
£

Total
£

Cost or valuation

At 1 March 2024

26,231

20,549

46,780

At 28 February 2025

26,231

20,549

46,780

Depreciation

At 1 March 2024

19,519

20,549

40,068

Charge for the year

4,943

-

4,943

At 28 February 2025

24,462

20,549

45,011

Carrying amount

At 28 February 2025

1,769

-

1,769

At 29 February 2024

6,712

-

6,712

5

Debtors

Current

2025
£

2024
£

Trade debtors

3,298

536

 

3,298

536

6

Creditors

Creditors: amounts falling due within one year

 

Peace Productions Ltd

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

6

Creditors (continued)

2025
£

2024
£

Due within one year

Trade creditors

1,018

1,250

Accruals and deferred income

621

587

Other creditors

53,313

54,880

54,952

56,717

 

Peace Productions Ltd

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

7

Share capital

Allotted, called up and fully paid shares

2025

2024

No.

£

No.

£

Ordinary shares of £1 each

2

2

2

2

       

8

Related party transactions

Director's remuneration

The director's remuneration for the year was as follows:

2025
£

2024
£

Remuneration

9,100

8,338