REGISTERED NUMBER: 04916767 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 April 2025

for

Pea Soup Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

B Baxter

REGISTERED OFFICE:

7 Eggleston Court

Riverside Park

Middlesbrough

TS2 1RU

REGISTERED NUMBER:

04916767 (England and Wales)

ACCOUNTANTS:

Wasley Chapman LLP

Chartered Accountants

7 Eggleston Court

Riverside Park

Middlesbrough

TS2 1RU

FIXED ASSETS

Tangible assets

4

2,700,629

2,702,905

CURRENT ASSETS

Stocks

3,600

3,500

Debtors

5

33,493

13,932

Cash at bank

267,349

193,226

304,442

210,658

CREDITORS

Amounts falling due within one year

6

242,988

345,122

NET CURRENT ASSETS/(LIABILITIES)

61,454

(134,464

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,762,083

2,568,441

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

2,762,082

2,568,440

SHAREHOLDERS' FUNDS

2,762,083

2,568,441

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 2 September 2025 and were signed by:

B Baxter - Director

1.	STATUTORY INFORMATION

Pea Soup Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

25% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Investment property

The investment property is included at open market value. No depreciation is provided in respect of investment properties. The Companies Act 2006 requires all properties to be depreciated but this requirement conflicts with the principles set out in the Financial Reporting Standard for Smaller Entities (effective April 2008) which requires that investment properties are not depreciated. The director considers that the requirements of the Financial Reporting Standards for Smaller Entities (effective April 2008) should be followed in this regard in order for the financial statements to give a true and fair view.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

and

Computer

property

fittings

equipment

Totals

£

£

£

£

COST

At 1 May 2024

2,678,574

42,312

37,148

2,758,034

Additions

-

1,005

3,650

4,655

At 30 April 2025

2,678,574

43,317

40,798

2,762,689

DEPRECIATION

At 1 May 2024

-

26,941

28,188

55,129

Charge for year

-

2,344

4,587

6,931

At 30 April 2025

-

29,285

32,775

62,060

NET BOOK VALUE

At 30 April 2025

2,678,574

14,032

8,023

2,700,629

At 30 April 2024

2,678,574

15,371

8,960

2,702,905

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

33,128

13,588

Other debtors

365

344

33,493

13,932

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

192,253

232,892

Taxation and social security

26,250

49,235

Other creditors

24,485

62,995

242,988

345,122

7.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is considered to be Mr B Baxter by virtue of his 100% holding of the ordinary share capital in the company.