Company No: 08775864 (England and Wales)

Contents

• Company Information
• Balance Sheet
• Notes to the Financial Statements

DIRECTORS	S J P Booth
	K R D Poplett

REGISTERED OFFICE	Spindrift
	Portloe
	Truro
	TR2 5RB
	United Kingdom

COMPANY NUMBER

08775864 (England and Wales)

ACCOUNTANT	Shaw Gibbs Limited
	Wey Court West
	Union Road
	Farnham
	Surrey
	GU9 7PT

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	3	1,780		524
Investment property	4, 8	1,020,000		1,200,000
		1,021,780		1,200,524
Current assets
Debtors	5	5,483		3,556
Cash at bank and in hand		20,932		22,396
		26,415		25,952
Creditors: amounts falling due within one year	6	( 158,226)		( 183,663)
Net current liabilities		(131,811)		(157,711)
Total assets less current liabilities		889,969		1,042,813
Creditors: amounts falling due after more than one year	7	0		( 137,793)
Provision for liabilities		( 26,414)		( 15,467)
Net assets		863,555		889,553
Capital and reserves
Called-up share capital		2		2
Share premium account		665,656		665,656
Profit and loss account		197,897		223,895
Total shareholder's funds		863,555		889,553

For the financial year ending 31 March 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Peterco Limited (registered number: 08775864) were approved and authorised for issue by the Board of Directors on 10 December 2025. They were signed on its behalf by:

S J P Booth Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Peterco Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Spindrift, Portloe, Truro, TR2 5RB, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover represents rental income due for the properties. It is recognised as it becomes due for payment.

Taxation

Current tax
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.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Fixtures and fittings	5 years straight line
Computer equipment	3 years straight line

Depreciation methods, useful lives and residual values are reviewed at each balance sheet date. The selection of these residual values and estimated lives requires the exercise of judgement. The directors are required to assess whether there is an indication of impairment to the carrying value of assets. In making that assessment, judgements are made in estimating value in use. The directors consider that the individual carrying values of assets are supportable by their value in use.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	2		2

3. Tangible assets

	Fixtures and fittings		Computer equipment		Total
	£		£		£
Cost
At 01 April 2024	11,589		6,454		18,043
Additions	0		1,798		1,798
Disposals	0		( 1,399)		( 1,399)
At 31 March 2025	11,589		6,853		18,442
Accumulated depreciation
At 01 April 2024	11,204		6,315		17,519
Charge for the financial year	384		158		542
Disposals	0		( 1,399)		( 1,399)
At 31 March 2025	11,588		5,074		16,662
Net book value
At 31 March 2025	1		1,779		1,780
At 31 March 2024	385		139		524

4. Investment property

	Investment property
	£
Valuation
As at 01 April 2024	1,200,000
Disposals	(180,000)
As at 31 March 2025	1,020,000

The directors consider that the properties are carried at a value that is appropriate to the open market value as at 31 March 2025.

5. Debtors

	2025		2024
	£		£
Other debtors	5,483		3,556

6. Creditors: amounts falling due within one year

	2025		2024
	£		£
Bank loans	0		4,211
Amounts owed to directors	139,040		154,000
Accruals and deferred income	4,100		6,858
Corporation tax	5,272		6,665
Other creditors	9,814		11,929
	158,226		183,663

7. Creditors: amounts falling due after more than one year

	2025		2024
	£		£
Bank loans	0		137,793

There are no amounts included above in respect of which any security has been given by the small entity.

Amounts repayable after more than 5 years are included in creditors falling due over one year:

	2025		2024
	£		£
Bank loans (repayable by instalments)	0		125,600

8. Investment Property Valuations

The directors considered that the properties are carried at a value that is appropriate to the open market value as at 31 March 2025. Fair value at 31 March 2025 is represented by:

	2025
	£
Valuation in 2019	93,198
Valuation in 2022	36,060
Valuation in 2023	1,002
Valuation in 2024	60,000
Cost	829,740
	0
	1,020,000