REGISTERED NUMBER: 03716272 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 May 2025

for

Peak Gas Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

P V Gwinnett

M A Gwinnett

K T Gwinnett

REGISTERED OFFICE:

Mamtor House Shepley Lane

Marple

Stockport

Cheshire

SK6 6LQ

REGISTERED NUMBER:

03716272 (England and Wales)

ACCOUNTANTS:

DHP Accountants Ltd

15 Buxton Old Road

Disley

Stockport

SK12 2BB

FIXED ASSETS

Tangible assets

4

1,272,215

1,081,762

Investment property

5

9,816,278

9,816,278

11,088,493

10,898,040

CURRENT ASSETS

Debtors

6

519,396

528,167

Cash at bank and in hand

2,343,066

2,396,144

2,862,462

2,924,311

CREDITORS

Amounts falling due within one year

7

5,835,528

5,645,612

NET CURRENT LIABILITIES

(2,973,066

)

(2,721,301

)

TOTAL ASSETS LESS CURRENT LIABILITIES

8,115,427

8,176,739

PROVISIONS FOR LIABILITIES

1,679,386

1,697,719

NET ASSETS

6,436,041

6,479,020

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

6,435,941

6,478,920

SHAREHOLDERS' FUNDS

6,436,041

6,479,020

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2025 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6 January 2026 and were signed on its behalf by:

P V Gwinnett - Director

1.	STATUTORY INFORMATION

Peak Gas 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 as modified by the revaluation of certain assets.

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 and buildings

-

not provided

Plant and machinery etc

-

33% on reducing balance, 25% on reducing balance and 20% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2024 - 16 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST OR VALUATION

At 1 June 2024

1,000,000

229,839

1,229,839

Additions

-

280,620

280,620

At 31 May 2025

1,000,000

510,459

1,510,459

DEPRECIATION

At 1 June 2024

-

148,077

148,077

Charge for year

-

90,167

90,167

At 31 May 2025

-

238,244

238,244

NET BOOK VALUE

At 31 May 2025

1,000,000

272,215

1,272,215

At 31 May 2024

1,000,000

81,762

1,081,762

Cost or valuation at 31 May 2025 is represented by:

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

Valuation in 2025

1,000,000

-

1,000,000

Cost

-

510,459

510,459

1,000,000

510,459

1,510,459

If leasehold land and building had not been revalued it would have been included at the following historical cost:

31.5.25

31.5.24

£

£

Cost

350,000

350,000

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 June 2024

and 31 May 2025

9,816,278

NET BOOK VALUE

At 31 May 2025

9,816,278

At 31 May 2024

9,816,278

Fair value at 31 May 2025 is represented by:

£

Valuation in 2025

9,816,278

If investment property had not been revalued they would have been included at the following historical cost:

31.5.25

31.5.24

£

£

Cost

3,757,164

3,757,164

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.25

31.5.24

£

£

Trade debtors

83,660

90,592

Other debtors

435,736

437,575

519,396

528,167

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.25

31.5.24

£

£

Trade creditors

14,824

8,565

Amounts owed to group undertakings

5,556,527

5,391,172

Taxation and social security

137,196

130,727

Other creditors

126,981

115,148

5,835,528

5,645,612

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the year end there was a balance of £1,463 owed to the directors (2024: £2,825).

9.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

At the year end the company was owed £434,736 (2024: £434,736) from Peak Holiday Homes Limited, a company that shares common directors with Peak Gas Limited.