COMPANY REGISTRATION NUMBER:
14665183
|
Peppercorn Investments (Residential) Limited |
|
|
Filleted Unaudited Financial Statements |
|
|
Peppercorn Investments (Residential) Limited |
|
|
Statement of Financial Position |
|
30 September 2025
Fixed assets
|
Investments |
4 |
2,987,000 |
2,609,000 |
|
|
|
|
Current assets
|
Debtors |
5 |
524,401 |
524,401 |
|
Cash at bank and in hand |
1,119 |
– |
|
--------- |
--------- |
|
525,520 |
524,401 |
|
|
|
|
|
Creditors: amounts falling due within one year |
6 |
2,991,360 |
2,611,160 |
|
------------ |
------------ |
|
Net current liabilities |
2,465,840 |
2,086,759 |
|
------------ |
------------ |
|
Total assets less current liabilities |
521,160 |
522,241 |
|
|
|
|
|
Provisions |
524,301 |
524,301 |
|
--------- |
--------- |
|
Net liabilities |
(
3,141) |
(
2,060) |
|
--------- |
--------- |
|
|
|
Capital and reserves
|
Called up share capital |
100 |
100 |
|
Profit and loss account |
(
3,241) |
(
2,160) |
|
------- |
------- |
|
Shareholders deficit |
(
3,141) |
(
2,060) |
|
------- |
------- |
|
|
|
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 30 September 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
.
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Peppercorn Investments (Residential) Limited |
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Statement of Financial Position (continued) |
|
30 September 2025
These financial statements were approved by the
board of directors
and authorised for issue on
15 April 2026
, and are signed on behalf of the board by:
Company registration number:
14665183
|
Peppercorn Investments (Residential) Limited |
|
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Notes to the Financial Statements |
|
Year ended 30 September 2025
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Devonshire House, 582 Honeypot Lane, Stanmore, Middlesex, HA7 1JS.
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, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Investments
In accordance with Paragraph 5.38 of the Financial Reporting Standard for Smaller Entities, as the Company's property investments are held for long term investments, they have been included in the balance sheet at their open market values.
Changes in the values of investment properties are disclosed as a movement on an investment revaluation reserve.
Depreciation is not provided in respect of investment properties in accordance with the paragraph 5.37 of Financial Reporting Standard for Smaller Entities.
Investments in associates
Investments in associates accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in associates accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the associate arising before or after the date of acquisition.
Investments in joint ventures
Investments in jointly controlled entities accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in jointly controlled entities accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the joint venture arising before or after the date of acquisition.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
Financial instruments
A financial asset or a financial liability is recognised only when the company 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. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4.
Investments
|
Investment properties |
|
£ |
|
Cost |
|
|
At 1 October 2024 |
2,609,000 |
|
Additions |
378,000 |
|
------------ |
|
At 30 September 2025 |
2,987,000 |
|
------------ |
|
Impairment |
|
|
At 1 October 2024 and 30 September 2025 |
– |
|
------------ |
|
|
|
Carrying amount |
|
|
At 30 September 2025 |
2,987,000 |
|
------------ |
|
At 30 September 2024 |
2,609,000 |
|
------------ |
|
|
Investment Properties
The company's Investment Properties were revalued by the directors, at open market value.
5.
Debtors
|
2025 |
2024 |
|
£ |
£ |
|
Amounts owed by group undertakings and undertakings in which the company has a participating interest |
524,301 |
524,301 |
|
Other debtors |
100 |
100 |
|
--------- |
--------- |
|
524,401 |
524,401 |
|
--------- |
--------- |
|
|
|
6.
Creditors:
amounts falling due within one year
|
2025 |
2024 |
|
£ |
£ |
|
Amounts owed to group undertakings and undertakings in which the company has a participating interest |
2,990,460 |
2,610,260 |
|
Other creditors |
900 |
900 |
|
------------ |
------------ |
|
2,991,360 |
2,611,160 |
|
------------ |
------------ |
|
|
|
7.
Controlling party
The ultimate holding company is Bedford Square Properties Limited, a company incorporated in the Isle of Man.