Company Registration No. 07557177 (England and Wales)
PETERBOROUGH SHOPPING CENTRE LIMITED
Unaudited accounts
for the year ended 31 March 2021
PETERBOROUGH SHOPPING CENTRE LIMITED
Unaudited accounts
Contents
PETERBOROUGH SHOPPING CENTRE LIMITED
Company Information
for the year ended 31 March 2021
Directors
Mr Ergin Tasci
Mr Murat Tasci
Mr Celal Kaplan
Mr Ertan Tasci
Company Number
07557177 (England and Wales)
Registered Office
40 WILLOUGHBY ROAD
LONDON
N8 0JG
England
Accountants
Tatar Brothers & Co Accountants
40 Willoughby Road
Hornsey
London
N8 0JG
PETERBOROUGH SHOPPING CENTRE LIMITED
Statement of financial position
as at 31 March 2021
Intangible assets
150,000
150,000
Tangible assets
201,291
202,669
Inventories
311,175
423,500
Cash at bank and in hand
52,944
8,975
Creditors: amounts falling due within one year
(460,098)
(591,975)
Net current liabilities
(79,479)
(143,000)
Total assets less current liabilities
271,812
209,669
Creditors: amounts falling due after more than one year
(62,290)
(20,347)
Net assets
209,522
189,322
Called up share capital
3
3
Profit and loss account
209,519
189,319
Shareholders' funds
209,522
189,322
For the year ending 31 March 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 12 November 2021 and were signed on its behalf by
Mr Ergin Tasci
Director
Company Registration No. 07557177
PETERBOROUGH SHOPPING CENTRE LIMITED
Notes to the Accounts
for the year ended 31 March 2021
PETERBOROUGH SHOPPING CENTRE LIMITED is a private company, limited by shares, registered in England and Wales, registration number 07557177. The registered office is 40 WILLOUGHBY ROAD, LONDON, N8 0JG, England.
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.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% reducing balance
Motor vehicles
20% reducing balance
Fixtures & fittings
15% reducing balance
Computer equipment
20% reducing balance
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
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.
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Government grants in relation to expenditure are credited when the expenditure is charged to profit and loss.
The entity received £25,000 as Retail hospitality and leisure grant and also £2,896 as Job retention scheme grant during the year.
PETERBOROUGH SHOPPING CENTRE LIMITED
Notes to the Accounts
for the year ended 31 March 2021
4
Intangible fixed assets
Goodwill
5
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At cost
At 1 April 2020
161,000
12,029
28,235
74,904
548
276,716
Additions
-
-
7,200
-
-
7,200
At 31 March 2021
161,000
12,029
35,435
74,904
548
283,916
At 1 April 2020
-
2,516
20,452
50,969
110
74,047
Charge for the year
-
1,903
2,997
3,590
88
8,578
At 31 March 2021
-
4,419
23,449
54,559
198
82,625
At 31 March 2021
161,000
7,610
11,986
20,345
350
201,291
At 31 March 2020
161,000
9,513
7,783
23,935
438
202,669
6
Debtors: amounts falling due within one year
2021
2020
Accrued income and prepayments
1,500
1,500
Other debtors
15,000
15,000
7
Creditors: amounts falling due within one year
2021
2020
Bank loans and overdrafts
11,988
3,518
Obligations under finance leases and hire purchase contracts
2,985
6,516
Taxes and social security
24,894
17,996
Loans from directors
416,669
562,637
PETERBOROUGH SHOPPING CENTRE LIMITED
Notes to the Accounts
for the year ended 31 March 2021
8
Creditors: amounts falling due after more than one year
2021
2020
Obligations under finance leases and hire purchase contracts
3,551
-
Allotted, called up and fully paid:
3 Ordinary shares of £1 each
3
3
10
Average number of employees
During the year the average number of employees was 16 (2020: 11).
