0 false false false false true false false false false false false true false false false false false false No description of principal activity 2023-12-01 Sage Accounts Production Advanced 2024 - FRS102_2024 22,034 22,782 771,971 771,971 771,971 xbrli:pure xbrli:shares iso4217:GBP 10454777 2023-12-01 2024-11-30 10454777 2024-11-30 10454777 2023-11-30 10454777 2022-12-01 2023-11-30 10454777 2023-11-30 10454777 2022-11-30 10454777 bus:RegisteredOffice 2023-12-01 2024-11-30 10454777 bus:OrdinaryShareClass1 2023-12-01 2024-11-30 10454777 bus:Director1 2023-12-01 2024-11-30 10454777 core:WithinOneYear 2024-11-30 10454777 core:WithinOneYear 2023-11-30 10454777 core:AfterOneYear 2024-11-30 10454777 core:AfterOneYear 2023-11-30 10454777 core:UKTax 2023-12-01 2024-11-30 10454777 core:UKTax 2022-12-01 2023-11-30 10454777 core:RetainedEarningsAccumulatedLosses 2023-11-30 10454777 core:RetainedEarningsAccumulatedLosses 2022-11-30 10454777 core:RetainedEarningsAccumulatedLosses 2024-11-30 10454777 core:RetainedEarningsAccumulatedLosses 2023-11-30 10454777 core:ShareCapital 2024-11-30 10454777 core:ShareCapital 2023-11-30 10454777 core:LandBuildings core:OwnedOrFreeholdAssets 2024-11-30 10454777 core:LandBuildings core:OwnedOrFreeholdAssets 2023-11-30 10454777 bus:SmallEntities 2023-12-01 2024-11-30 10454777 bus:AuditExempt-NoAccountantsReport 2023-12-01 2024-11-30 10454777 bus:SmallCompaniesRegimeForDirectorsReport 2023-12-01 2024-11-30 10454777 bus:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30 10454777 bus:FullAccounts 2023-12-01 2024-11-30 10454777 bus:OrdinaryShareClass1 2024-11-30 10454777 bus:OrdinaryShareClass1 2023-11-30
COMPANY REGISTRATION NUMBER: 10454777
PEACHWOOD PROPERTIES LIMITED
Unaudited Financial Statements
30 November 2024
PEACHWOOD PROPERTIES LIMITED
Financial Statements
Year ended 30 November 2024
Contents
Page
Strategic report
1
Director's report
2
Statement of income and retained earnings
3
Statement of financial position
4
Statement of cash flows
5
Notes to the financial statements
6
PEACHWOOD PROPERTIES LIMITED
Strategic Report
Year ended 30 November 2024
The company is entitled to the small companies exemption.
This report was approved by the board of directors on 28 August 2025 and signed on behalf of the board by:
MR HIRJI
Director
Registered office:
1 Orme Road
Kingston Upon Thames
SURREY
UK
KT1 3SD
PEACHWOOD PROPERTIES LIMITED
Director's Report
Year ended 30 November 2024
The director presents his report and the unaudited financial statements of the company for the year ended 30 November 2024 .
Director
The director who served the company during the year was as follows:
MR HIRJI
Small company provisions
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
This report was approved by the board of directors on 28 August 2025 and signed on behalf of the board by:
MR HIRJI
Director
Registered office:
1 Orme Road
Kingston Upon Thames
SURREY
UK
KT1 3SD
PEACHWOOD PROPERTIES LIMITED
Statement of Income and Retained Earnings
Year ended 30 November 2024
2024
2023
Note
£
£
Other operating income
4
43,975
45,780
Other operating expenses
16,886
17,654
--------
--------
Operating profit
27,089
28,126
Other interest receivable and similar income
5
113
--------
--------
Profit before taxation
27,202
28,126
Tax on profit
6
5,168
5,344
--------
--------
Profit for the financial year and total comprehensive income
22,034
22,782
--------
--------
Retained earnings at the start of the year
142,046
119,264
---------
---------
Retained earnings at the end of the year
164,080
142,046
---------
---------
All the activities of the company are from continuing operations.
PEACHWOOD PROPERTIES LIMITED
Statement of Financial Position
30 November 2024
2024
2023
Note
£
£
Fixed assets
Tangible assets
7
771,971
771,971
Current assets
Cash at bank and in hand
84,924
71,066
Creditors: amounts falling due within one year
8
5,168
13,344
--------
--------
Net current assets
79,756
57,722
---------
---------
Total assets less current liabilities
851,727
829,693
Creditors: amounts falling due after more than one year
9
687,646
687,646
---------
---------
Net assets
164,081
142,047
---------
---------
Capital and reserves
Called up share capital
10
1
1
Profit and loss account
164,080
142,046
---------
---------
Shareholders funds
164,081
142,047
---------
---------
For the year ending 30 November 2024 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 financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
These financial statements were approved by the board of directors and authorised for issue on 28 August 2025 , and are signed on behalf of the board by:
MR HIRJI
Director
Company registration number: 10454777
PEACHWOOD PROPERTIES LIMITED
Statement of Cash Flows
Year ended 30 November 2024
2024
2023
Note
£
£
Cash generated from operations
11
27,089
( 56,199)
Interest received
113
Tax (paid)/received
( 13,344)
2,140
--------
--------
Net cash from/(used in) operating activities
13,858
( 54,059)
--------
--------
Net increase/(decrease) in cash and cash equivalents
13,858
( 54,059)
Cash and cash equivalents at beginning of year
71,066
125,125
--------
---------
Cash and cash equivalents at end of year
84,924
71,066
--------
---------
PEACHWOOD PROPERTIES LIMITED
Notes to the Financial Statements
Year ended 30 November 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 1 Orme Road, Kingston Upon Thames, SURREY, KT1 3SD, UK.
2. Statement of compliance
These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that 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 that are expected to apply to the reversal of the timing difference.
Operating leases
Lease income is recognised in profit or loss on a straight line basis over the lease term. The aggregate cost of lease incentives are recognised as a reduction to income over the lease term on a straight-line basis. Costs, including depreciation, incurred in earning the lease income are recognised as an expense. Any initial direct costs incurred in negotiating and arranging the operating lease are added to the carrying amount of the lease and recognised as an expense over the lease term on the same basis as the lease income.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4. Other operating income
2024
2023
£
£
Rental income
43,975
45,780
--------
--------
5. Other interest receivable and similar income
2024
2023
£
£
Interest on bank deposits
113
----
----
6. Tax on profit
Major components of tax expense
2024
2023
£
£
Current tax:
UK current tax expense
5,168
5,344
-------
-------
Tax on profit
5,168
5,344
-------
-------
7. Tangible assets
Freehold property
£
Cost
At 1 December 2023 and 30 November 2024
771,971
---------
Depreciation
At 1 December 2023 and 30 November 2024
---------
Carrying amount
At 30 November 2024
771,971
---------
At 30 November 2023
771,971
---------
8. Creditors: amounts falling due within one year
2024
2023
£
£
Corporation tax
5,168
13,344
-------
--------
9. Creditors: amounts falling due after more than one year
2024
2023
£
£
Other creditors
687,646
687,646
---------
---------
10. Called up share capital
Issued, called up and fully paid
2024
2023
No.
£
No.
£
Ordinary shares of £ 1 each
1
1
1
1
----
----
----
----
11. Cash generated from operations
2024
2023
£
£
Profit for the financial year
22,034
22,782
Adjustments for:
Other interest receivable and similar income
( 113)
Tax on profit
5,168
5,344
Changes in:
Trade and other creditors
( 84,325)
--------
--------
27,089
( 56,199)
--------
--------
12. Analysis of changes in net debt
At 1 Dec 2023
Cash flows
At 30 Nov 2024
£
£
£
Cash at bank and in hand
71,066
13,858
84,924
--------
--------
--------