Peach Publishing Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 02548852 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2019

FOR

PEACH PUBLISHING LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S Land

N C E Land

SECRETARY:

S Land

REGISTERED OFFICE:

52 Doughty Street

London

WC1N 2LS

REGISTERED NUMBER:

02548852 (England and Wales)

AUDITORS:

Crane & Partners

Chartered Accountants & Statutory Auditors

Leonard House

5 - 7 Newman Road

Bromley

Kent

BR1 1RJ

FIXED ASSETS

Investments

4

955,000

955,000

CURRENT ASSETS

Debtors

5

10

10

Cash at bank

14

14

24

24

CREDITORS

Amounts falling due within one year

6

152,862

153,679

NET CURRENT LIABILITIES

(152,838

)

(153,655

)

TOTAL ASSETS LESS CURRENT LIABILITIES

802,162

801,345

CAPITAL AND RESERVES

Called up share capital

30,000

30,000

Share premium

320,000

320,000

Retained earnings

452,162

451,345

SHAREHOLDERS' FUNDS

802,162

801,345

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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

The financial statements were approved by the Board of Directors and authorised for issue on 12 February 2021 and were signed on its behalf by:

S Land - Director

1.	STATUTORY INFORMATION

Peach Publishing 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.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2018 - 1 ) .

4.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 January 2019

and 31 December 2019

955,000

NET BOOK VALUE

At 31 December 2019

955,000

At 31 December 2018

955,000

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Other debtors

10

10

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Amounts owed to group undertakings

152,012

152,829

Other creditors

850

850

152,862

153,679

7.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Raymond McDonagh FCA (Senior Statutory Auditor)

for and on behalf of Crane & Partners

8.	RELATED PARTY DISCLOSURES

At year end, included in creditors is a balance of £152,012 due to its subsidiary, Sheil Land Associates Limited (2018: £152,829).

During the year Peach Publishing Limited charged its subsidiary, Sheil Land Associates Limited, management fees to the sum of £24,400 (2018: £24,400).

9.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is S Land.