The Peel Entertainment Group Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 03694202 (England and Wales)

THE PEEL ENTERTAINMENT GROUP LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Miss K A Daley

Mrs S L Lawrence

SECRETARY:

Miss K A Daley

REGISTERED OFFICE:

Weir Chambers

1 Water Street

Skipton

BD23 1PQ

REGISTERED NUMBER:

03694202 (England and Wales)

ACCOUNTANTS:

DSC

Chartered Accountants

Tattersall House

East Parade

Harrogate

North Yorkshire

HG1 5LT

FIXED ASSETS

Tangible assets

4

2,318,548

2,324,422

Investments

5

1,000

3,000

2,319,548

2,327,422

CURRENT ASSETS

Stocks

17,692

Debtors

6

2,270,144

2,126,958

Cash at bank and in hand

1,309,206

1,869,550

3,597,042

4,014,200

CREDITORS

Amounts falling due within one year

7

738,120

1,436,815

NET CURRENT ASSETS

2,858,922

2,577,385

TOTAL ASSETS LESS CURRENT
LIABILITIES

5,178,470

4,904,807

CREDITORS

Amounts falling due after more than one
year

8

(175,000

)

(641,087

)

PROVISIONS FOR LIABILITIES

9

(1,073,393

)

(1,094,968

)

NET ASSETS

3,930,077

3,168,752

CAPITAL AND RESERVES

Called up share capital

900

Capital redemption reserve

11

Retained earnings

3,929,166

3,167,841

3,930,077

3,168,752

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 directors acknowledge their 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 Board of Directors and authorised for issue on 26 September 2025 and were signed on its behalf by:

Miss K A Daley - Director

1.	STATUTORY INFORMATION

The Peel Entertainment Group 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.

Land & buildings

2% Straight Line

Plant & machinery

33% Straight Line

Motor vehicles

25% Straight Line

Fixtures & fittings

33% Straight Line

Computer Equipment

33% Straight Line

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 26 (2023 - 16 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

Motor

property

machinery

fittings

vehicles

Totals

£

COST

At 1 January 2024

2,643,058

191,953

429,409

234,234

3,498,654

Additions

-

6,919

45,030

25,194

77,143

Disposals

(3,315

)

-

(3,315

)

At 31 December 2024

2,639,743

198,872

474,439

259,428

3,572,482

DEPRECIATION

At 1 January 2024

355,129

190,547

418,738

209,818

1,174,232

Charge for year

52,861

703

12,535

13,603

79,702

At 31 December 2024

407,990

191,250

431,273

223,421

1,253,934

NET BOOK VALUE

At 31 December 2024

2,231,753

7,622

43,166

36,007

2,318,548

At 31 December 2023

2,287,929

1,406

10,671

24,416

2,324,422

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 January 2024

3,000

Disposals

(2,000

)

At 31 December 2024

1,000

NET BOOK VALUE

At 31 December 2024

1,000

At 31 December 2023

3,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Trade debtors

964,891

1,082,882

Amounts owed by group undertakings

1,227,440

956,849

Other debtors

748

16,355

Directors' current accounts

-

230

Prepayments and accrued income

77,065

70,642

2,270,144

2,126,958

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Bank loans and overdrafts

100,000

648,001

Trade creditors

84,947

79,091

Amounts owed to group undertakings

-

426,224

Tax

97,536

(59,330

)

Social security and other taxes

31,121

26,097

VAT

221,763

161,276

Other creditors

41,165

44,638

Directors' current accounts

110,397

10,627

Accruals and deferred income

-

100,191

Accrued expenses

51,191

-

738,120

1,436,815

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

2024

2023

£

Bank loans - 2-5 years

175,000

275,000

Mortgage - 2-5 years

-

366,087

175,000

641,087

9.	PROVISIONS FOR LIABILITIES

2024

2023

£

Deferred tax

20,815

36,619

Other provisions

1,052,578

1,058,349

1,073,393

1,094,968

Deferred

Other

tax

provisions

£

Balance at 1 January 2024

36,619

1,058,349

Provided during year

(15,804

)

(15,772

)

Balance at 31 December 2024

20,815

1,042,577