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Company Registration No. 12041266 (England and Wales)
Peer Culture UK Ltd Unaudited accounts for the year ended 30 June 2025
Peer Culture UK Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Peer Culture UK Ltd Company Information for the year ended 30 June 2025
Directors
Zhuo Wang Hongtao Zhao
Company Number
12041266 (England and Wales)
Registered Office
Treganna Green Lane Leatherhead KT22 8UD England
Accountants
Anthony Daniel Associates Ltd 10 Julian Place London E14 3AT
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Peer Culture UK Ltd Statement of financial position as at 30 June 2025
2025
2024
Notes
£
£
Called up share capital not paid
-
99
Fixed assets
Tangible assets
4
-
64
Current assets
Debtors
5
22,000
22,000
Cash at bank and in hand
17,605
21,142
39,605
43,142
Creditors: amounts falling due within one year
6
(40,833)
(40,181)
Net current (liabilities)/assets
(1,228)
2,961
Total assets less current liabilities
(1,228)
3,124
Creditors: amounts falling due after more than one year
7
(9,167)
(19,167)
Net liabilities
(10,395)
(16,043)
Capital and reserves
Called up share capital
8
100
100
Profit and loss account
(10,495)
(16,143)
Shareholders' funds
(10,395)
(16,043)
For the year ending 30 June 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 10 June 2026 and were signed on its behalf by
Hongtao Zhao Director Company Registration No. 12041266
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Peer Culture UK Ltd Notes to the Accounts for the year ended 30 June 2025
1
Statutory information
Peer Culture UK Ltd is a private company, limited by shares, registered in England and Wales, registration number 12041266. The registered office is Treganna, Green Lane, Leatherhead, KT22 8UD, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
20% on cost
Computer equipment
20% on cost
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Going concern
These accounts have been prepared on the going concern basis, on the understanding that the director and shareholders will continue to financially support the company during this uncertain period.
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Peer Culture UK Ltd Notes to the Accounts for the year ended 30 June 2025
4
Tangible fixed assets
Motor vehicles
Computer equipment
Total
£
£
£
Cost or valuation
At cost
At cost
At 1 July 2024
50,000
779
50,779
At 30 June 2025
50,000
779
50,779
Depreciation
At 1 July 2024
50,000
715
50,715
Charge for the year
-
64
64
At 30 June 2025
50,000
779
50,779
Net book value
At 30 June 2025
-
-
-
At 30 June 2024
-
64
64
5
Debtors
2025
2024
£
£
Amounts falling due within one year
Other debtors
22,000
22,000
6
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
10,000
10,000
Taxes and social security
230
380
Other creditors
-
364
Loans from directors
29,713
28,597
Accruals
890
840
40,833
40,181
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
9,167
19,167
8
Share capital
2025
2024
£
£
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
9
Controlling party
The ultimate controlling party is Mr. Hongtao Zhao, who owns seventy percent of the company shares.
10
Average number of employees
During the year the average number of employees was 2 (2024: 2).
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