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Registration number: 00581315

Peaty Properties Limited

Annual Report and Unaudited Abridged Financial Statements

for the Year Ended 31 March 2025

 

Peaty Properties Limited

Contents

Company Information

1

Director's Report

2

Accountants' Report

3

Abridged Profit and Loss Account

4

Statement of Comprehensive Income

5

Abridged Balance Sheet

6 to 7

Statement of Changes in Equity

8

Notes to the Unaudited Abridged Financial Statements

9 to 13

 

Peaty Properties Limited

Company Information

Director

Mr C R Tyler

Registered office

24 Wellingtonia Court
Laine Close
Brighton
East Sussex
BN1 6TD

Solicitors

Alex Bowers
Coole Bevis LLp
79 Church Road
Hove
BN3 2BB

Accountants

Mr C R Tyler F1 CRT Limited
Flat 24 Wellingtonia Court
Laine Close
Brighton
East Sussex
BN1 6TD

 

Peaty Properties Limited

Director's Report for the Year Ended 31 March 2025

The director presents his report and the abridged financial statements for the year ended 31 March 2025.

Directors of the company

The directors who held office during the year were as follows:

Mr M F Peaty (Died 21 May 2025)

Mr C R Tyler

Principal activity

The principal activity of the company is that of managing the properties it owns.

Small companies provision statement

This report has 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.

Approved and authorised by the director on 28 July 2025
 

.........................................
Mr C R Tyler
Director

 

Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Peaty Properties Limited
for the Year Ended 31 March 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 Peaty Properties Limited for the year ended 31 March 2025 as set out on pages 4 to 13 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of Peaty Properties Limited, 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 Peaty Properties Limited and state those matters that we have agreed to state to the Board of Directors of Peaty Properties Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Peaty Properties Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Peaty Properties Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Peaty Properties Limited. You consider that Peaty Properties Limited 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 Peaty Properties Limited. 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.

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

Mr C R Tyler
F1 CRT Limited
Flat 24 Wellingtonia Court
Laine Close
Brighton
East Sussex
BN1 6TD

28 July 2025

 

Peaty Properties Limited

Abridged Profit and Loss Account for the Year Ended 31 March 2025

Note

2025
£

2024
£

Gross profit

 

82,740

83,081

Administrative expenses

 

(32,440)

(32,804)

Profit before tax

4

50,300

50,277

Tax on profit

 

(374,761)

(51,937)

Loss for the financial year

 

(324,461)

(1,660)

The above results were derived from continuing operations.

 

Peaty Properties Limited

Statement of Comprehensive Income for the Year Ended 31 March 2025

2025
£

2024
£

Loss for the year

(324,461)

(1,660)

Surplus on property, plant and equipment revaluation

1,460,651

-

Total comprehensive income for the year

1,136,190

(1,660)

 

Peaty Properties Limited

(Registration number: 00581315)
Abridged Balance Sheet as at 31 March 2025

Note

2025
£

2024
£

Fixed Assets

 

Tangible Assets

5

1,245

1,465

Investment property

2,330,000

869,349

 

2,331,245

870,814

Current assets

 

Debtors

(37)

2,150

Cash at bank and in hand

 

157,934

189,236

 

157,897

191,386

Creditors: Amounts falling due within one year

(12,929)

(15,680)

Net current assets

 

144,968

175,706

Total assets less current liabilities

 

2,476,213

1,046,520

Provisions for liabilities

(541,556)

(176,433)

Accruals and deferred income

 

(2,788)

(3,408)

Net assets

 

1,931,869

866,679

Capital and Reserves

 

Called up share capital

6

200

200

Revaluation reserve

2,164,918

704,267

Retained Earnings

(233,249)

162,212

Shareholders' funds

 

1,931,869

866,679

For the financial year ending 31 March 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 in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

All of the company’s members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

 

Peaty Properties Limited

(Registration number: 00581315)
Abridged Balance Sheet as at 31 March 2025

Approved and authorised by the director on 28 July 2025
 

.........................................
Mr C R Tyler
Director

 

Peaty Properties Limited

Statement of Changes in Equity for the Year Ended 31 March 2025

Share capital
£

Revaluation reserve
£

Retained Earnings
£

Total
£

At 1 April 2024

200

704,267

162,212

866,679

Loss for the year

-

-

(324,461)

(324,461)

Other comprehensive income

-

1,460,651

-

1,460,651

Total comprehensive income

-

1,460,651

(324,461)

1,136,190

Dividends

-

-

(71,000)

(71,000)

At 31 March 2025

200

2,164,918

(233,249)

1,931,869

Share capital
£

Revaluation reserve
£

Retained Earnings
£

Total
£

At 1 April 2023

200

704,267

164,872

869,339

Loss for the year

-

-

(1,660)

(1,660)

Dividends

-

-

(1,000)

(1,000)

At 31 March 2024

200

704,267

162,212

866,679

 

Peaty Properties Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2025

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:
24 Wellingtonia Court
Laine Close
Brighton
East Sussex
BN1 6TD

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 abridged 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 abridged 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.

 

Peaty Properties Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2025

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 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

Fixtures and fittings

15% on cost

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

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.

Ttrade Creditors

Ttrade 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.

Ttrade Creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

 

Peaty Properties Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2025

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

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.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 2 (2024 - 2).

4

Profit before tax

Arrived at after charging/(crediting)

2025
£

2024
£

Depreciation expense

220

260

 

Peaty Properties Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2025

5

Tangible Assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 April 2024

39,763

39,763

At 31 March 2025

39,763

39,763

Depreciation

At 1 April 2024

38,298

38,298

Charge for the year

220

220

At 31 March 2025

38,518

38,518

Carrying amount

At 31 March 2025

1,245

1,245

At 31 March 2024

1,465

1,465

Investment properties

2025
£

At 1 April

2,330,000


Land and buildings are included at valuation by Austin Gray on 21 May 2025.

 

Peaty Properties Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2025

6

Share capital

Allotted, called up and fully paid shares

2025

2024

No.

£

No.

£

Ordinary of £1 each

200

200

200

200

       

7

Reserves

The changes to each component of equity resulting from items of other comprehensive income for the current year were as follows:

Revaluation reserve
£

Total
£

Surplus/deficit on property, plant and equipment revaluation

1,460,651

1,460,651

8

Dividends

2025

2024

£

£

Interim dividend of £355.00 (2024 - £5.00) per ordinary share

71,000

1,000

 

 

9

Related party transactions

Director's remuneration

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

2025
£

2024
£

Remuneration

6,000

6,500