PEKER HOLDING LONDON LIMITED - Filleted accounts

Registered number

09555316

PEKER HOLDING LONDON LIMITED

Filleted Accounts

31 December 2024

PEKER HOLDING LONDON LIMITED
Registered number:		09555316
Balance Sheet
as at 31 December 2024

Notes			2024			2023
£				£
Fixed assets
Tangible assets	4		3,019			3,774
Investments	5		953			953
			3,972			4,727

Current assets
Debtors	6	16,428,010			15,209,827
Cash at bank and in hand		28,998			9,459
		16,457,008			15,219,286

Creditors: amounts falling due within one year	7	(2,892,588)			(1,608,159)

Net current assets			13,564,420			13,611,127

Net assets			13,568,392			13,615,854

Capital and reserves
Called up share capital			60,000,000			60,000,000
Profit and loss account			(46,431,608)			(46,384,146)

Shareholders' funds			13,568,392			13,615,854

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Aysegul Peker
Director
Approved by the board on 25 September 2025

PEKER HOLDING LONDON LIMITED
Notes to the Accounts
for the year ended 31 December 2024


1	Accounting policies and convesions

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	The company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the company as an individual entity and not about its group
	Impairment of fixed assets
	At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of theimpairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset,the company estimates the recoverable amount of the cash-enerating unit to which the asset belongs. Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently verses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Fixtures, fittings, tools and equipment	18% reducing balance.

	Cash and cash equivalents
	Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, and other short-term liquid investments with original maturities of three months or les

	Investments
	Investments in subsidiaries, associates and jointly controlled entities are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.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 An associate is an entity, being neither a subsidiary nor a joint venture, in which the company holds a long-term interest and where the company has significant influence. The company considers that it has significant influence where it has the power to participate in the financial and operating decisions of the associat. Entities in which the company has a long term interest and shares control under a contractual arrangement are classified as jointly controlled entities.

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.Unrelieved tax losses 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.

	Judgements and key sources of estimation uncertaint
	In the application of the company’s accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.The estimates and underlying assumptions are reviewed on an ongoing basis.
	Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

2	Exceptional items			2024		2023
£					£
	Inter-group balance written off					39,169,490



				-		39,169,490


3	Employees			2024		2023
Number					Number

	Average number of persons employed by the company			1		1


4	Tangible fixed assets
						Plant and machinery etc
£
	Cost
	At 1 January 2024					10,179
	At 31 December 2024					10,179

	Depreciation
	At 1 January 2024					6,405
	Charge for the year					755
	At 31 December 2024					7,160

	Net book value
	At 31 December 2024					3,019
	At 31 December 2023					3,774


5	Investments
Investments in
subsidiary			Other
undertakings			investments		Total
£			£		£
	Cost
	At 1 January 2024	500		453		953

	At 31 December 2024	500		453		953

	Subsidiaries
	Name of undertaking Registered office Share Class % Held Direct Indirect PGMI Great Missenden Ltd England and Wales Ordinary shares 100 - Peker Brixton Ltd England and Wales Ordinary shares 100 - Peker Skyine Ltd England and Wales Ordinary shares 100 - Peker Safa Ltd England and Wales Ordinary shares 100 - Peker Cobham Ltd England and Wales Ordinary shares 100 - PGMI Portslade Limited England and Wales Ordinary shares - 100 Portslade Investments Ltd England and Wales Ordinary Shares - 100

6	Debtors			2024		2023
£					£

	Amounts owed by group undertakings and undertakings in which the company has a participating interest			15,447,927		14,751,412
	Other debtors			980,083		458,415
				16,428,010		15,209,827


7	Creditors: amounts falling due within one year			2024		2023
£					£

	Trade creditors			(149,438)		(452)
	Amounts owed to group undertakings and undertakings in which the company has a participating interest			464,492		455,978
	Other creditors			2,577,534		1,152,633
				2,892,588		1,608,159


8	Related party transactions

	At the year end date the balances due from subsidiary companies amounted to £14,751,412 (2023: £14,751,412). At the year end date, included in other debtors are balances due from related companies amounting to £458,415 (2023 : £458,415).
	At the year end date, included in other creditors are balances payable to related companies amounting to £455,978 and (2023: £455,978).

9	Controlling party
	Peker Development Ltd



10	Other information

	PEKER HOLDING LONDON LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
	183 Angel Place
	Fore Street
	London
	N18 2UD