Peace United Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 05898857 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

Peace United Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

C Caucino

SECRETARY:

FTI (Secretariat) Ltd

REGISTERED OFFICE:

2nd Floor

19 Margaret Street

London

W1W 8RR

REGISTERED NUMBER:

05898857 (England and Wales)

FIXED ASSETS

Intangible assets

4

86,692

Tangible assets

5

631

1,263

Investments

6

1,771,352

1,573,625

1,858,675

1,661,580

CURRENT ASSETS

Debtors

7

124,341

157,063

Cash at bank

71,334

456,204

195,675

613,267

CREDITORS

Amounts falling due within one year

8

1,543,545

1,817,721

NET CURRENT LIABILITIES

(1,347,870

)

(1,204,454

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

510,805

457,126

PROVISIONS FOR LIABILITIES

21,673

NET ASSETS

489,132

435,453

CAPITAL AND RESERVES

Called up share capital

10,000

Revaluation reserve

9

86,692

Retained earnings

392,440

338,761

489,132

435,453

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 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 29 September 2025 and were signed by:

C Caucino - Director

1.	STATUTORY INFORMATION

Peace United Ltd 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 as modified by the revaluation of certain assets.

Preparation of consolidated financial statements

The financial statements contain information about Peace United Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Revenue recognition

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discount, rebates, value added tax and other sales taxes.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Trademark costs are being amortised evenly over their estimated useful life of 10 years.

Tangible fixed assets

Tangible fixed assets are included at cost less depreciation and impairment. Depreciation has been computed to write off the cost of the tangible fixed assets over their expected useful lives as follows:

Fixtures and fittings -25% per annum on cost

Investments in subsidiaries

Interests in subsidiaries are initially measured at cost and subsequently measured at cost

less any accumulated impairment losses. The investments are assessed for impairment at

each reporting date and any impairment losses or reversals of impairment losses are

recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial

and operating policies of the entity so as to obtain benefits from its activities.

Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expenses that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company's liability for the current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax is recognised in respect of all material timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or to receive more, tax.

Deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted.

Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 January 2024

and 31 December 2024

131,005

AMORTISATION

At 1 January 2024

and 31 December 2024

44,313

NET BOOK VALUE

At 31 December 2024

86,692

At 31 December 2023

86,692

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2024

and 31 December 2024

2,525

DEPRECIATION

At 1 January 2024

1,262

Charge for year

632

At 31 December 2024

1,894

NET BOOK VALUE

At 31 December 2024

631

At 31 December 2023

1,263

6.	FIXED ASSET INVESTMENTS

31.12.24

31.12.23

£

Shares in group undertakings

1

Loans to group undertakings

1,771,351

1,573,624

1,771,352

1,573,625

Additional information is as follows:

Shares in

group

undertakings

£

COST

At 1 January 2024

and 31 December 2024

1

NET BOOK VALUE

At 31 December 2024

1

At 31 December 2023

1

Loans to

group

undertakings

£

At 1 January 2024

1,573,624

New in year

197,727

At 31 December 2024

1,771,351

The Investment is 100% ownership in the equity shares of Trademark Miami Inc, registered in USA.

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

Other debtors

124,341

157,063

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

Bank loans and overdrafts

68

-

Trade creditors

1,129,638

30,003

Taxation and social security

78,383

74,483

Other creditors

335,456

1,713,235

1,543,545

1,817,721

9.

RESERVES

Revaluation

reserve

£

At 1 January 2024

and 31 December 2024

86,692

10.	ULTIMATE CONTROLLING PARTY

The controlling party is Christophe Caucino, company director .