Company Registration No. 07557177 (England and Wales)
PETERBOROUGH SHOPPING CENTRE LIMITED
Unaudited accounts
for the year ended 31 March 2023
PETERBOROUGH SHOPPING CENTRE LIMITED
Unaudited accounts
Contents
PETERBOROUGH SHOPPING CENTRE LIMITED
Company Information
for the year ended 31 March 2023
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 2023
Intangible assets
-
150,000
Tangible assets
215,929
202,071
Inventories
171,400
231,503
Cash at bank and in hand
11,793
12,981
Creditors: amounts falling due within one year
(341,802)
(366,418)
Net current liabilities
(139,215)
(105,262)
Total assets less current liabilities
76,714
246,809
Creditors: amounts falling due after more than one year
(25,583)
(31,397)
Called up share capital
3
3
Profit and loss account
51,128
215,409
Shareholders' funds
51,131
215,412
For the year ending 31 March 2023 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 7 February 2024 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 2023
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.
PETERBOROUGH SHOPPING CENTRE LIMITED
Notes to the Accounts
for the year ended 31 March 2023
4
Intangible fixed assets
Goodwill
Charge for the year
150,000
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 2022
161,000
14,072
42,441
74,904
1,277
293,694
Additions
-
2,444
-
22,650
-
25,094
At 31 March 2023
161,000
16,516
42,441
97,554
1,277
318,788
At 1 April 2022
-
6,350
27,248
57,611
414
91,623
Charge for the year
-
2,033
3,039
5,991
173
11,236
At 31 March 2023
-
8,383
30,287
63,602
587
102,859
At 31 March 2023
161,000
8,133
12,154
33,952
690
215,929
At 31 March 2022
161,000
7,722
15,193
17,293
863
202,071
Amounts falling due within one year
Accrued income and prepayments
1,500
1,500
Other debtors
17,894
15,172
7
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
32,744
42,853
Obligations under finance leases and hire purchase contracts
929
2,985
Taxes and social security
30,873
25,155
Loans from directors
268,595
286,765
PETERBOROUGH SHOPPING CENTRE LIMITED
Notes to the Accounts
for the year ended 31 March 2023
8
Creditors: amounts falling due after more than one year
2023
2022
Obligations under finance leases and hire purchase contracts
-
746
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 17 (2022: 17).
