REGISTERED NUMBER: 07788084 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

PETER PROPERTIES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

R R Shah MSc FRICS

SECRETARIES:

N Thanki

V B Vaghela

REGISTERED OFFICE:

55a Welbeck Street

London

W1G 9XQ

REGISTERED NUMBER:

07788084 (England and Wales)

ACCOUNTANTS:

Arithma LLP

Chartered Certified Accountants

5 Jardine House

Harrovian Business Village

Bessborough Road

Harrow

Middlesex

HA1 3EX

FIXED ASSETS

Investments

4

14,058,773

14,576,980

CURRENT ASSETS

Debtors

5

2,974,318

2,473,215

Prepayments and accrued income

5,861

-

Cash at bank

76,943

595,016

3,057,122

3,068,231

CREDITORS

Amounts falling due within one year

6

(17,845,488

)

(18,916,050

)

NET CURRENT LIABILITIES

(14,788,366

)

(15,847,819

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(729,593

)

(1,270,839

)

CAPITAL AND RESERVES

Called up share capital

4,828

4,828

Retained earnings

(734,421

)

(1,275,667

)

SHAREHOLDERS' FUNDS

(729,593

)

(1,270,839

)

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:

R R Shah MSc FRICS - Director

1.	STATUTORY INFORMATION

Peter Properties 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.

INVESTMENTS IN ASSOCIATES

Investments in associate undertakings are recognised at cost.

FOREIGN CURRENCIES

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

FIXED ASSET INVESTMENTS

Investments held as fixed assets are stated at cost less any provisions for impairment. Investments are reviewed for impairment if events or changes in circumstances indicate that the carrying amount may not be recoverable. Impairments are calculated such that the carrying value of the fixed asset investment is the lower of its cost or recoverable amount. Recoverable amount is the higher of its net realisable value and its value-in-use.

GOING CONCERN

At the balance sheet date, the company had net liabilities of £729,593 (2023 - £1,270,839). The validity of the going concern concept is dependent on the continued support of the shareholder and its lenders.

3.	EMPLOYEES AND DIRECTORS

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

4.	FIXED ASSET INVESTMENTS

Interest

in

Other

associate

investments

Totals

£

£

£

COST

At 1 January 2024

14,055,469

521,511

14,576,980

Disposals

(518,207

)

-

(518,207

)

At 31 December 2024

13,537,262

521,511

14,058,773

NET BOOK VALUE

At 31 December 2024

13,537,262

521,511

14,058,773

At 31 December 2023

14,055,469

521,511

14,576,980

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Amounts owed by associates

654,248

650,723

Other debtors

2,320,070

1,822,492

2,974,318

2,473,215

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Amounts owed to group undertakings

3,525,631

2,405,631

Taxation and social security

14,046

-

Other creditors

14,305,811

16,510,419

17,845,488

18,916,050

7.	RELATED PARTY DISCLOSURES

At the balance sheet date, a loan of £467,282 was due from Mr R R Shah, a director of the company. This was repaid in full in September 2025. Interest was charged on this loan. As at 31 December 2023, £1,079,791 was due to him.

8.	CONTROLLING PARTY

The controlling party is Saffron Capital Limited as the parent company. Ultimate control is exercised by Mr R R Shah, by virtue of his shareholding in the parent company.