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Registered number: 11420552
Feral Peacock Limited
Financial Statements
For The Year Ended 31 October 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 11420552
2024 2023
Notes £ £ £ £
FIXED ASSETS
Investment Properties 4 1,046,289 -
Fixed asset investments 5 164,903 164,903
1,211,192 164,903
CURRENT ASSETS
Debtors 6 67,431 48,041
Cash at bank and in hand 1,069,154 1,185,750
1,136,585 1,233,791
Creditors: Amounts Falling Due Within One Year 7 (4,702 ) (478,160 )
NET CURRENT ASSETS (LIABILITIES) 1,131,883 755,631
TOTAL ASSETS LESS CURRENT LIABILITIES 2,343,075 920,534
NET ASSETS 2,343,075 920,534
CAPITAL AND RESERVES
Called up share capital 8 156 166
Capital redemption reserve 10 -
Profit and Loss Account 2,342,909 920,368
SHAREHOLDERS' FUNDS 2,343,075 920,534
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For the year ending 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr S Taffe
Director
Ms L J Down
Director
28 July 2025
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Feral Peacock Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11420552 . The registered office is Yew Tree House, Lewes Road, Forest Row, East Sussex, RH18 5AA.
The company’s principal activity continues to be that of a holding company.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.3. Investments
Investments in subsidiaries are measured at cost less accumulated impairment.
Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Statement of income and retained earnings for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.
2.3    Associates and joint ventures
Associates and Joint Ventures are held at cost less impairment.
2.4. Cash and Cash Equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
2.5. Financial Instruments
The Company only enters into basic financial instrument transactions that result in the recognition of
financial assets and liabilities like trade and other debtors and creditors, loans from banks and other
third parties, loans to related parties and investments in ordinary shares.
Debt instruments (other than those wholly repayable or receivable within one year), including loans
and other accounts receivable and payable, are initially measured at present value of the future cash
flows and subsequently at amortised cost using the effective interest method. Debt instruments that
are payable or receivable within one year, typically trade debtors and creditors, are measured, initially
and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid
or received. However, if the arrangements of a short-term instrument constitute a financing
transaction, like the payment of a trade debt deferred beyond normal business terms or in case of an
out-right short-term loan that is not at market rate, the financial asset or liability is measured, initially
at the present value of future cash flows discounted at a market rate of interest for a similar debt
instrument and subsequently at amortised cost, unless it qualifies as a loan from a director in the
case of a small company, or a public benefit entity concessionary loan.
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2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
2.7. Dividends
Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Investment Property
2024
£
Fair Value
As at 1 November 2023 -
Additions 1,046,289
As at 31 October 2024 1,046,289
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5. Fixed asset investments
Subsidiaries Associates Total
£ £ £
Cost
As at 1 November 2023 81 164,822 164,903
As at 31 October 2024 81 164,822 164,903
Provision
As at 1 November 2023 - - -
As at 31 October 2024 - - -
Net Book Value
As at 31 October 2024 81 164,822 164,903
As at 1 November 2023 81 164,822 164,903
Subsidiaries
Details of the company's subsidiaries as at 31 October 2024 are as follows:
Name of undertaking Registered Office Class of shares held Direct holding Indirect holding
End of The Road Festival Ltd Yew Tree House, Lewes Road, Forest Row, East Sussex, RH18 5AA Ordinary 100.00% -
Associates
Details of the company's associates as at 31 October 2024 are as follows:
Name of undertaking Registered Office Class of shares held Direct holding Indirect holding
Larmer Tree Arts Ltd Yew Tree House, Lewes Road, Forest Row, East Sussex, RH18 5AA Ordinary 40.00% -
6. Debtors
2024 2023
£ £
Due within one year
Amounts owed by group undertakings 24,123 -
Amounts owed by participating interests 43,227 47,960
Other debtors 81 81
67,431 48,041
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7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 2,814 -
Amounts owed to group undertakings - 476,339
Other creditors 1,888 1,812
Taxation and social security - 9
4,702 478,160
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 156 166
9. Related Party Disclosures
The directors S Taffe and L Down are also directors of End of The Road Festival Ltd, a UK registered company.
At the end of the year there was an outstanding amount of £24,123 (2023 - £NIL) due from End of The Road Festival Ltd. This amount is included in other debtors.
At the end of the year there was an outstanding amount of £NIL (2023 - £476,339) due to End of the Road Festival Ltd. This amount is included in other creditors.
The director L Down is also a director of Larmer Tree Arts Ltd, a UK registered company. At the end of the year there was an outstanding amount of £43,227 (2023 - £47,960) due from Larmer Tree Arts Ltd. This amount is included in other debtors.
10. Controlling Parties
The company was controlled throughout the current and previous period by its director, S Taffe, by virtue of the fact that he owns the majority of the company’s ordinary issued share capital.
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