Peckham's Investments Ltd Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: SC505294

Peckham's Investments Ltd

Filleted Unaudited Financial Statements

30 June 2023

Peckham's Investments Ltd

Financial Statements

Year ended 30 June 2023

Contents	Page

Chartered accountants report to the director on the preparation of the unaudited statutory financial statements	1

Statement of financial position	2

Notes to the financial statements	4

Peckham's Investments Ltd

Chartered Accountants Report to the Director on the Preparation of the Unaudited Statutory Financial Statements of Peckham's Investments Ltd

Year ended 30 June 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Peckham's Investments Ltd for the year ended 30 June 2023, which comprise the statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us. As a practising member firm of ICAS, we are subject to its ethical and other professional requirements which are detailed at www.icas.com/accountspreparationguidance. This report is made solely to the director of Peckham's Investments Ltd. Our work has been undertaken solely to prepare for your approval the financial statements of Peckham's Investments Ltd and state those matters that we have agreed to state to you in this report in accordance with the requirements of ICAS as detailed at www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Peckham's Investments Ltd and its director for our work or for this report.

It is your duty to ensure that Peckham's Investments Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Peckham's Investments Ltd. You consider that Peckham's Investments Ltd is exempt from the statutory audit requirement for the year. We have not been instructed to carry out an audit or a review of the financial statements of Peckham's Investments Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

GILLILAND & COMPANY Chartered Accountants

216 West George Street Glasgow G2 2PQ

5 November 2026

Peckham's Investments Ltd

Statement of Financial Position

30 June 2023

	2023		2022
Note	£	£	£

Fixed assets

Tangible assets	5		422,288	346,111

Current assets

Stocks		9,800	–
Debtors	6	8,320	17,233
Cash at bank and in hand		876	4,898
		--------	--------
		18,996	22,131

Creditors: amounts falling due within one year	7	764,230		502,424
		---------		---------
Net current liabilities			745,234	480,293
			---------	---------
Total assets less current liabilities			( 322,946)	( 134,182)

Creditors: amounts falling due after more than one year
Bank loans and overdrafts	30,746	40,493
	---------	---------
Net liabilities	( 353,692)	( 174,675)
	---------	---------

Capital and reserves

Called up share capital	1,000	1,000
Profit and loss account	( 354,692)	( 175,675)
	---------	---------
Shareholders deficit	( 353,692)	( 174,675)
	---------	---------

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 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Peckham's Investments Ltd

Statement of Financial Position (continued)

30 June 2023

These financial statements were approved by the board of directors and authorised for issue on 5 November 2026 , and are signed on behalf of the board by:

Mr A J Johnston
Director

Company registration number: SC505294

Peckham's Investments Ltd

Notes to the Financial Statements

Year ended 30 June 2023

1. General information

The company is a private company limited by shares, registered in Scotland. The address of the registered office is 34 Bogmoor Place, Glasgow, G51 4TQ, Scotland.

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.

Cash and cash equivalents

Cash is generated by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Long leasehold property	-	25 years
Motor vehicles	-	20% straight line
Equipment	-	20% straight line

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 24 (2022: Nil).

5. Tangible assets

	Long leasehold property	Motor vehicles	Equipment	Total
	£	£	£	£
Cost
At 1 July 2022	370,371	1,920	23,923	396,214
Additions	70,616	–	35,461	106,077
	---------	-------	--------	---------
At 30 June 2023	440,987	1,920	59,384	502,291
	---------	-------	--------	---------
Depreciation
At 1 July 2022	33,966	928	15,209	50,103
Charge for the year	17,639	384	11,877	29,900
	---------	-------	--------	---------
At 30 June 2023	51,605	1,312	27,086	80,003
	---------	-------	--------	---------
Carrying amount
At 30 June 2023	389,382	608	32,298	422,288
	---------	-------	--------	---------
At 30 June 2022	336,405	992	8,714	346,111
	---------	-------	--------	---------

6. Debtors

	2023	2022
	£	£
Other debtors	8,320	17,233
	-------	--------

7. Creditors: amounts falling due within one year

	2023	2022
	£	£
Trade creditors	54,280	2,375
Social security and other taxes	23,280	–
Other creditors	686,670	500,049
	---------	---------
	764,230	502,424
	---------	---------

8. Director's advances, credits and guarantees

As at 30 June 2023 the company owed key management personnel £406 (2022: £14,468).

9. Related party transactions

As at 30 June 2023 the Company owed £653,858 (2022: £456,126) to related parties under common control.

10. Controlling party

The company was under the control of the director during the current year and prior year.