Company Registration No. 11629981 (England and Wales)
PEACOCK PROPERTY SERVICES LTD
Unaudited accounts
for the year ended 30 October 2021
PEACOCK PROPERTY SERVICES LTD
Unaudited accounts
Contents
PEACOCK PROPERTY SERVICES LTD
Company Information
for the year ended 30 October 2021
Directors
THOMPSON, Ben Arthur Charles
THOMPSON, Lauren Alice Charlotte
Company Number
11629981 (England and Wales)
Registered Office
22 PEACOCK LANE
BRIGHTON
BN1 6WA
UNITED KINGDOM
Accountants
Tally Tally Accountants
79 College Road
Harrow
HA1 1BD
PEACOCK PROPERTY SERVICES LTD
Statement of financial position
as at 30 October 2021
Tangible assets
1,775
2,662
Investment property
694,951
694,951
Cash at bank and in hand
13,043
8,411
Creditors: amounts falling due within one year
(220,250)
(217,711)
Net current liabilities
(205,207)
(209,300)
Total assets less current liabilities
491,519
488,313
Creditors: amounts falling due after more than one year
(487,825)
(487,825)
Called up share capital
2
1
Profit and loss account
3,692
487
Shareholders' funds
3,694
488
For the year ending 30 October 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 21 July 2022 and were signed on its behalf by
THOMPSON, Ben Arthur Charles
Director
Company Registration No. 11629981
PEACOCK PROPERTY SERVICES LTD
Notes to the Accounts
for the year ended 30 October 2021
PEACOCK PROPERTY SERVICES LTD is a private company, limited by shares, registered in England and Wales, registration number 11629981. The registered office is 22 PEACOCK LANE, BRIGHTON, BN1 6WA, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
The financial statements have been prepared on a going concern basis, which is dependent upon the company's directors continuing to provide the necessary financial facilities, to enable the company to continue in operation for the foreseeable future.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% SLM
PEACOCK PROPERTY SERVICES LTD
Notes to the Accounts
for the year ended 30 October 2021
4
Tangible fixed assets
Fixtures & fittings
Fair value at 31 October 2020
694,951
At 30 October 2021
694,951
6
Debtors: amounts falling due within one year
2021
2020
7
Creditors: amounts falling due within one year
2021
2020
Trade creditors
2,455
1,001
Taxes and social security
1,115
-
Loans from directors
215,930
215,410
8
Creditors: amounts falling due after more than one year
2021
2020
Other creditors
487,825
487,825
9
Transactions with related parties
At the year-end date, the directors have a credit balance of £215,930 (2020: £215,410) on their current account, and this amount is included in other creditors payable within one year.
10
Average number of employees
During the year the average number of employees was 1 (2020: 1).
