Peak Potentials Ltd Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 05884221

Peak Potentials Ltd

Filleted Unaudited Financial Statements

For the year ended

31 December 2024

Peak Potentials Ltd

Financial Statements

Year ended 31 December 2024

Contents	Page

Officers and professional advisers	1

Statement of financial position	2

Notes to the financial statements	3

Peak Potentials Ltd

Officers and Professional Advisers

DIRECTOR	I Ezekiel

REGISTERED OFFICE	ECEN Suite 43
	Warth Park
	Michael Way
	Raunds
	Northants
	NN9 6GR

ACCOUNTANTS	Streets
	Chartered accountants
	ECEN
	Michael Way
	Warth Park
	Northamptonshire
	NN9 6GR

Peak Potentials Ltd

Statement of Financial Position

31 December 2024

	2024	2023
Note	£	£

Current assets

Debtors	5	243,898	243,898
Cash at bank and in hand		15	15
		----------	----------
		243,913	243,913

Creditors: amounts falling due within one year	6	255,131	255,069
		----------	----------
Net current liabilities		11,218	11,156
		--------	--------
Total assets less current liabilities		( 11,218)	( 11,156)
		--------	--------
Net liabilities		( 11,218)	( 11,156)
		--------	--------

Capital and reserves

Called up share capital	8	8
Profit and loss account	( 11,226)	( 11,164)
	--------	--------
Shareholders deficit	( 11,218)	( 11,156)
	--------	--------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the 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.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 26 September 2025 , and are signed on behalf of the board by:

I Ezekiel
Director

Company registration number: 05884221

Peak Potentials Ltd

Notes to the Financial Statements

Year ended 31 December 2024

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is ECEN Suite 43, Warth Park, Michael Way, Raunds, Northants, NN9 6GR.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

At the time of approving the financial statements, the director has a reasonable expectation that the company has the adequate resources to continue in operational existence for the foreseeable future. Thus the director continues to adopt the going concern basis of accounting in preparing the financial statements.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

4. Tax on loss

Major components of tax income

	2024	2023
	£	£

Current tax:

Adjustments in respect of prior periods	( 37)	–
	----	----
Tax on loss	( 37)	–
	----	----

5. Debtors

	2024	2023
	£	£
Other debtors	243,898	243,898
	----------	----------

6. Creditors: amounts falling due within one year

	2024	2023
	£	£
Trade creditors	–	555
Corporation tax	–	37
Other creditors	255,131	254,477
	----------	----------
	255,131	255,069
	----------	----------

7. Related party transactions

During the year the company entered into the following transactions with related parties: As at the reporting date, the entity was due £80,000 (2023: £80,000) from Weber Talma Subsidiary Ltd and £163,940 (2023: £163,940) from Little Stow Ltd. These amounts are included within debtors. Also at the reporting date, the entity owed £226,406 (2023: £226,406) to Napsbury Properties Limited and £24,375 (2023: £24,375) to St James Investment Properties Limited. These amounts are included within creditors. The above companies are related by common directorship and control.