Peloton Property Consultants Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 09341717 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31st March 2022

for

PELOTON PROPERTY CONSULTANTS LTD

Page

Company Information

1

Income Statement

2

Balance Sheet

3

Statement of Changes in Equity

4

Notes to the Financial Statements

5

DIRECTORS:

Mr S D Stafford

Mrs L J Stafford

REGISTERED OFFICE:

Ashton Old Baths

Stamford Street West

Ashton-Under-Lyne

Greater Manchester

OL6 7FW

REGISTERED NUMBER:

09341717 (England and Wales)

ACCOUNTANTS:

Riley & Co Limited

Chartered Accountants

52 St Johns Lane

Halifax

West Yorkshire

HX1 2BW

TURNOVER

-

-

Administrative expenses

435

424

OPERATING LOSS

(435

)

(424

)

Income from shares in group undertakings

132,800

132,800

PROFIT BEFORE TAXATION

132,365

132,376

Tax on profit

-

-

PROFIT FOR THE FINANCIAL YEAR

132,365

132,376

FIXED ASSETS

Investments

4

317,046

317,046

CURRENT ASSETS

Debtors

5

-

380

Cash at bank and in hand

221,564

121,607

221,564

121,987

CREDITORS

Amounts falling due within one year

6

708

696

NET CURRENT ASSETS

220,856

121,291

TOTAL ASSETS LESS CURRENT LIABILITIES

537,902

438,337

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

537,802

438,237

SHAREHOLDERS' FUNDS

537,902

438,337

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2022 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

The financial statements were approved by the Board of Directors and authorised for issue on 4th July 2022 and were signed on its behalf by:

Mr S D Stafford - Director

Called up

share

Retained

Total

capital

earnings

equity

£

£

£

Balance at 1st April 2020

100

386,661

386,761

Changes in equity

Dividends

-

(80,800

)

(80,800

)

Total comprehensive income

-

132,376

132,376

Balance at 31st March 2021

100

438,237

438,337

Changes in equity

Dividends

-

(32,800

)

(32,800

)

Total comprehensive income

-

132,365

132,365

Balance at 31st March 2022

100

537,802

537,902

1.	STATUTORY INFORMATION

Peloton Property Consultants 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.

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.

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 NIL (2021 - NIL).

4.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1st April 2021

and 31st March 2022

317,046

NET BOOK VALUE

At 31st March 2022

317,046

At 31st March 2021

317,046

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/22

31/3/21

£

£

Other debtors

-

380

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/22

31/3/21

£

£

Other creditors

708

696

7.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31st March 2022 and 31st March 2021:

31/3/22

31/3/21

£

£

Mr S D Stafford and Mrs L J Stafford

Balance outstanding at start of year

380

380

Amounts repaid

(380

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

380