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Registration number: 14542632

Peer Polo Limited
Unaudited Filleted Financial Statements
for the Year Ended 31 December 2024

Peer Polo Limited

Contents

Balance Sheet | 1
Notes to the Unaudited Financial Statements | 2 to 5

Peer Polo Limited

(Registration number: 14542632)
Balance Sheet as at 31 December 2024

| Note | 2024 £ | 2023 £
Fixed assets |  |  |
Tangible assets | 4 | 119,167 | -
Current assets |  |  |
Stocks | 5 | 270,369 | 252,369
Debtors | 6 | 100,702 | 120,197
Cash at bank and in hand |  | 79,540 | 275,827
|  | 450,611 | 648,393
Creditors: Amounts falling due within one year | 7 | (4,238,350) | (2,152,896)
Net current liabilities |  | (3,787,739) | (1,504,503)
Net liabilities |  | (3,668,572) | (1,504,503)
Capital and reserves |  |  |
Called up share capital |  | 100 | 100
Retained earnings |  | (3,668,672) | (1,504,603)
Shareholders' deficit |  | (3,668,572) | (1,504,503)

For the financial year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' 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 directors acknowledge their 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 directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 26 August 2025 and signed on its behalf by:

......................................... Philipp Mueller Director

Peer Polo Limited

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

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:
2 Old Bath Road
Newbury
Berkshire
RG14 1QL
England

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.

Going concern

The financial statements have been prepared on a going concern basis. The director is committed to keep funding the company by a way of directors loans.

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.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.
Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

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:

Peer Polo Limited

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

Asset class | Depreciation method and rate
Motor Vehicles | 20% Reducing Balance
Office Equipment | 25% Straight Line

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.

Debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.

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.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 7 (2023 - 2).

Peer Polo Limited

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

4 | Tangible assets

| Office equipment £ | Motor vehicles £ | Total £
Cost or valuation
Additions | 19,591 | 120,372 | 139,963
At 31 December 2024 | 19,591 | 120,372 | 139,963
Depreciation
Charge for the year | 542 | 20,254 | 20,796
At 31 December 2024 | 542 | 20,254 | 20,796
Carrying amount
At 31 December 2024 | 19,049 | 100,118 | 119,167

5 | Stocks

| 2024 £ | 2023 £
Other inventories | 270,369 | 252,369

6 | Debtors

Current | 2024 £ | 2023 £
Trade debtors | 6,600 | -
Prepayments | 12,700 | 63,802
Other debtors | 81,402 | 56,395
| 100,702 | 120,197

Peer Polo Limited

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

7 | Creditors

Creditors: amounts falling due within one year

| 2024 £ | 2023 £
Due within one year |  |
Trade creditors | 22,458 | 83,139
Taxation and social security | 3,304 | -
Other creditors | 4,212,588 | 2,069,757
| 4,238,350 | 2,152,896

8 | Related party transactions

Other transactions with directors

P Mueller (director) had a loan with the company. At the balance sheet date, the amount due to P Mueller was £4,198,617 (2023: £2,066,507).