REGISTERED NUMBER: 14846445 (England and Wales)

ABRIDGED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 MAY 2025

FOR

PEACHTREE DEVELOPMENTS LTD

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr Kyriacos Andreas Nicolas

REGISTERED OFFICE:

c/o Michael Filiou Ltd

Salisbury House

81 High Street

Potters Bar

Hertfordshire

EN6 5AS

REGISTERED NUMBER:

14846445 (England and Wales)

ACCOUNTANTS:

Michael Filiou Ltd

Chartered Certified Accountants

www.michaelfiliou.com

Salisbury House

81 High Street

Potters Bar

Hertfordshire

EN6 5AS

CURRENT ASSETS

Stocks

2,056,186

1,119,114

Debtors

1,926

6,315

Cash at bank and in hand

64

36

2,058,176

1,125,465

CREDITORS

Amounts falling due within one year

14,380

2,250

NET CURRENT ASSETS

2,043,796

1,123,215

TOTAL ASSETS LESS CURRENT LIABILITIES

2,043,796

1,123,215

CREDITORS

Amounts falling due after more than one year

2,048,636

1,125,476

NET LIABILITIES

(4,840

)

(2,261

)

CAPITAL AND RESERVES

Called up share capital

6

4

4

Retained earnings

(4,844

)

(2,265

)

SHAREHOLDERS' FUNDS

(4,840

)

(2,261

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 May 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 May 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 May 2025 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 19 August 2026 and were signed by:

Mr Kyriacos Andreas Nicolas - Director

1.	STATUTORY INFORMATION

Peachtree Developments Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention and going concern basis.

At 30 May 2025, the company held development stock of £2,056,186, cash at bank and in hand of £64, and net liabilities of £4,840. The company was funded by secured loan borrowings of £1,653,430, a loan from Lecale Homes Group (Developments) Ltd of £131,991, and director's loan account totalling £263,215.

The company's ability to meet its liabilities as they fall due is dependent on the successful completion and sale of its development properties. The director has prepared cash flow projections covering at least twelve months from the date of approval of these financial statements, taking into account the expected proceeds and timing of sale, the remaining costs to complete the developments, finance costs, and the continued availability of the company's financing arrangements.

These projections indicate a material uncertainty as to whether the net proceeds from the developments, together with the company's other resources, will be sufficient to discharge its liabilities in full and in a timely manner. This condition indicates the existence of a material uncertainty which may cast significant doubt on the company's ability to continue as a going concern.

Having regard to the current stage of the developments and the continued support of the company's secured lender, the director consider it appropriate to prepare the financial statements on a going concern basis. The financial statements do not include any adjustments that would result if the company were unable to continue as a going concern, other than any adjustment already reflected in the carrying value of development stock at the lower of cost and net realisable value.

Significant judgements and estimates

In preparing these financial statements, the director has made judgements and estimates that affect the amounts recognised. The areas involving the greatest degree of judgement are:

Going concern

As described above, the director's conclusion depends on his estimate of future selling prices, completion costs, timing of sale, and the continued availability of financing. Actual outcomes may differ from these estimates.

Valuation of development stock

Development stock of £2,056,186 (2024 - £1,119,114) is stated at the lower of cost and estimated net realisable value. Net realisable value is determined by reference to the estimated selling price of each development less the estimated costs to complete and sell it. This requires the director to estimate future selling prices and remaining costs, both of which are inherently uncertain, and actual amounts realised may differ materially from the carrying value.

Stocks

Development stock comprises land and property acquired or under construction for subsequent sale, stated at the lower of cost and estimated net realisable value. Cost includes the cost of acquisition and directly attributable development expenditure. Net realisable value is the estimated selling price in the ordinary course of business less the estimated costs to complete and sell. Where estimated net realisable value is below cost, the stock is written down and the write-down is recognised in the income statement.

Taxation

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.

Financial instruments

The company’s financial instruments include trade debtors, cash at bank, trade creditors, and loans. Financial assets and liabilities are initially measured at transaction price and subsequently at amortised cost.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

5.

LOANS

An analysis of the maturity of loans is given below:

2025

2024

£

£

Amounts falling due between two and five years:

Other loan 2-5 years

1,653,430

922,740

6.	CALLED UP SHARE CAPITAL

Allotted and issued:

Number:

Class:

Nominal

2025

2024

value:

£

£

4

Ordinary shares

£1

4

4

7.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At 30 May 2025, the company owed its director £263,215 (2024 - £178,300) in aggregate. The balance is unsecured, interest-free, and carry no right of demand within twelve months of the balance sheet date.

Recovery by the director is dependent on the net proceeds realised from the completion and sale of the company's development properties, after repayment of the secured lender and the costs of completing and selling the developments.

8.	POST BALANCE SHEET EVENTS

Since 30 May 2025, the company has continued to progress the redevelopment of the properties comprised in development stock. As at the date of approval of these financial statements, the director's latest assessment indicates that the net proceeds expected to arise from the completion and sale of the developments, after allowing for the further costs of completion and sale, may not be sufficient to discharge in full the company's secured and unsecured borrowings and director's loan account.

To the extent that this position provides evidence of conditions existing at 30 May 2025, its effect has been reflected in the measurement of development stock and other balances at that date. Any developments arising wholly after the reporting date are treated as non-adjusting.

Except as disclosed above, no other material events have occurred after the reporting date requiring adjustment to, or disclosure in, these financial statements.

9.	ULTIMATE CONTROLLING PARTY

There is no one single controlling party.

The director, Mr Kyriacos Andreas Nicolas, holds 50% of the issued share capital and GreenR Developments Ltd hold the other 50%.