Peal Ventures Limited - Accounts

Peal Ventures Limited - Accounts

PEAL VENTURES LIMITED - Company Information

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Registered Number: 09986188
England and Wales

 

 

 

PEAL VENTURES LIMITED


Unaudited Financial Statements
 


Period of accounts

Start date: 01 March 2022

End date: 28 February 2023

Peal Ventures Limited
Contents Page
For the year ended 28 February 2023
Directors Adam Long
James Long
Registered Number 09986188
Registered Office 515 Pensby Road
Thingwall
Wirral
CH61 7UQ
Accountants Woods Squared Limited
The Old School
188 Liscard Road
Wallasey
Wirral
CH44 5TN
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Director's report and financial statements
The directors present their annual report and the financial statements for the year ended 28 February 2023.
Principal activities
The principal activity of the company during the financial year was that of property rental
Directors
The directors who served the company throughout the year were as follows:
Adam Long (from 03/02/2016)
Peter Robert Edwards (from 03/02/2016 to 08/08/2022)
Patricia Martin (from 03/02/2016 to 08/08/2022)
James Long (from 24/03/2016)
Statement of directors' responsibilities
The directors are responsible for preparing the directors’ report and the financial statements in accordance with applicable law and regulation.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to
  • select suitable accounting policies and then apply them consistently
  • make judgments and accounting estimates that are reasonable and prudent
  • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business


The directors are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. The directors are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

This report was approved by the board and signed on its behalf by:


----------------------------------
James Long
Director

Date approved: 14 November 2023
2
 
 		 Notes
 		 2023
£		   2022
£
Fixed assets      
Investments 3 30,000    50,100 
30,000    50,100 
Current assets      
Debtors: amounts falling due within one year 4 -    3,302 
Cash at bank and in hand 2,095    26,594 
2,095    29,896 
Creditors: amount falling due within one year 5 (2,078)   (4,844)
Net current assets 17    25,052 
 
Total assets less current liabilities 30,017    75,152 
Net assets 30,017    75,152 
 

Capital and reserves 		     
Called up share capital 100    100 
Profit and loss account 29,917    75,052 
Shareholder's funds 30,017    75,152 
 


For the year ended 28 February 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These financial statements 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 Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.
The financial statements were approved by the board of directors on 14 November 2023 and were signed on its behalf by:


-------------------------------
James Long
Director
3
General Information
Peal Ventures Limited is a private company, limited by shares, registered in England and Wales, registration number 09986188, registration address 515 Pensby Road, Thingwall, Wirral, CH61 7UQ.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
Turnover
Turnover comprises rental income.
Fixed asset investments
Fixed asset investments are stated at cost less provision for any permanent diminution in value.
2.

Average number of employees

Average number of employees during the year was 0 (2022 : 0).
3.

Investments

Cost Other investments other than loans   Total
  £   £
At 01 March 2022 50,100    50,100 
Additions -    - 
Transfer to/from tangible fixed assets -    - 
Disposals (20,100)   (20,100)
At 28 February 2023 30,000    30,000 

4.

Debtors: amounts falling due within one year

2023
£		   2022
£
Other Debtors -    3,302 
-    3,302 

5.

Creditors: amount falling due within one year

2023
£		   2022
£
Other Creditors 2,078    4,844 
2,078    4,844 

4