Peter Properties Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07788084 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2018

FOR

PETER PROPERTIES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

R R Shah MSc FRICS

SECRETARIES:

N Thanki

V B Vaghela

REGISTERED OFFICE:

55a Welbeck Street

London

W1G 9XQ

REGISTERED NUMBER:

07788084 (England and Wales)

ACCOUNTANTS:

Arithma LLP

Chartered Certified Accountants

9 Mansfield Street

London

W1G 9NY

FIXED ASSETS

Investments

4

5,621,213

2,437,351

CURRENT ASSETS

Debtors

5

4,217,998

2,426,175

Cash at bank

647,822

948,642

4,865,820

3,374,817

CREDITORS

Amounts falling due within one year

6

10,958,341

6,247,185

NET CURRENT LIABILITIES

(6,092,521

)

(2,872,368

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(471,308

)

(435,017

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(471,408

)

(435,117

)

SHAREHOLDERS' FUNDS

(471,308

)

(435,017

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2018 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 on 30 September 2019 and were signed by:

R R Shah MSc FRICS - Director

1.	STATUTORY INFORMATION

Peter Properties 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.

TURNOVER

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts,

rebates, value added tax and other sales taxes.

FOREIGN CURRENCIES

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at

the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of

exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at

the operating result.

FIXED ASSET INVESTMENTS

Investments held as fixed assets are stated at cost less any provisions for impairment. Investments

are reviewed for impairment if events or changes in circumstances indicate that the carrying amount

may not be recoverable. Impairments are calculated such that the carrying value of the fixed asset

investment is the lower of its cost or recoverable amount. Recoverable amount is the higher of its net

realisable value and its value-in-use.

GOING CONCERN

At the balance sheet date, the company had net liabilities of £473,757 (2017 - £435,017). The validity

of the going concern concept is dependent on the continued support of the shareholder.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2017 - NIL).

4.	FIXED ASSET INVESTMENTS

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Amounts owed by group undertakings

354,096

215,362

Other debtors

3,863,902

2,210,813

4,217,998

2,426,175

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Amounts owed to group undertakings

1,516,218

1,809,543

Taxation and social security

-

162,954

Other creditors

9,442,123

4,274,688

10,958,341

6,247,185

7.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2018

and 31 December 2017:

2018

2017

£

£

R R Shah MSc FRICS

Balance outstanding at start of year

501,397

-

Amounts advanced

1,398,253

501,397

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

1,899,650

501,397

8.	ULTIMATE CONTROLLING PARTY

The controlling party is Saffron Capital Limited.

The ultimate controlling party is Mr R R Shah.