ACCOUNTS - Final Accounts

SECRET PETER LIMITED - Company Information

Caseware UK (AP4) 2022.0.179 2022.0.179 2023-07-312023-07-31false2022-08-01falseNo description of principal activity33trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 07328305 2022-08-01 2023-07-31 07328305 2021-08-01 2022-07-31 07328305 2023-07-31 07328305 2022-07-31 07328305 c:Director1 2022-08-01 2023-07-31 07328305 c:Director2 2022-08-01 2023-07-31 07328305 c:Director3 2022-08-01 2023-07-31 07328305 c:RegisteredOffice 2022-08-01 2023-07-31 07328305 d:CurrentFinancialInstruments 2023-07-31 07328305 d:CurrentFinancialInstruments 2022-07-31 07328305 d:CurrentFinancialInstruments d:WithinOneYear 2023-07-31 07328305 d:CurrentFinancialInstruments d:WithinOneYear 2022-07-31 07328305 d:ShareCapital 2023-07-31 07328305 d:ShareCapital 2022-07-31 07328305 d:RetainedEarningsAccumulatedLosses 2023-07-31 07328305 d:RetainedEarningsAccumulatedLosses 2022-07-31 07328305 c:FRS102 2022-08-01 2023-07-31 07328305 c:AuditExempt-NoAccountantsReport 2022-08-01 2023-07-31 07328305 c:FullAccounts 2022-08-01 2023-07-31 07328305 c:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 07328305 2 2022-08-01 2023-07-31 07328305 e:PoundSterling 2022-08-01 2023-07-31 iso4217:GBP xbrli:pure

Registered number: 07328305

SECRET PETER LIMITED

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 JULY 2023


SECRET PETER LIMITED

COMPANY INFORMATION

Directors	C P Chignell
	N Coan
	N Fielding


Registered number	07328305


Registered office	Third Floor
	8 Baltic Street East
	London
	EC1Y 0UP


Accountants	MHA
	Chartered Accountants
	6th Floor
	2 London Wall Place
	London
	EC2Y 5AU


SECRET PETER LIMITED

CONTENTS

	Page
Balance sheet	1
Notes to the financial statements	2 - 5


SECRET PETER LIMITED REGISTERED NUMBER:07328305

BALANCE SHEET

AS AT 31 JULY 2023

		2023		2022
Note		£		£


Current assets
Debtors: amounts falling due within one year	4	5,463		3,769
Cash at bank and in hand	5	17,709		27,250
		23,172		31,019
Creditors: amounts falling due within one year	6	(8,180)		(8,225)
Net current assets			14,992		22,794
Total assets less current liabilities			14,992		22,794

Net assets			14,992		22,794

Capital and reserves
Called up share capital	100	100
Profit and loss account	14,892	22,694
	14,992	22,794

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

................................................

C P Chignell

Director

Date: 28 March 2024

The notes on pages 2 to 5 form part of these financial statements.

Page 1


SECRET PETER LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2023

1.	General information

Secret Peter Limited is a private company, limited by shares, incorporated in England and Wales within the United Kingdom, registration number 07328305. the registered office is Third Floor, 8 Baltic Street East, London, EC1Y 0UP.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

2.2

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

Page 2


SECRET PETER LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2023

2.Accounting policies (continued)

2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

2.5

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 3


SECRET PETER LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2023

2.Accounting policies (continued)

2.9

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.
Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or in case of an out-right short-term loan that is not at market rate, the financial asset or liability is measured, initially at the present value of future cash flows discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost, unless it qualifies as a loan from a director in the case of a small company, or a public benefit entity concessionary loan.
Financial assets and liabilities are offset and the net amount reported in the Balance sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Employees

The average monthly number of employees, including directors, during the year was 3 (2022 - 3).

Page 4


SECRET PETER LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2023

Debtors

					2023	2022
					£	£


Trade debtors	4,308	-
Other debtors	418	637
Prepayments and accrued income	737	3,132
	5,463	3,769

5.	Cash and cash equivalents
		2023	2022
		£	£

Cash at bank and in hand	17,709	27,250
	17,709	27,250

6.	Creditors: Amounts falling due within one year
		2023	2022
		£	£

Other creditors	5,350	2,900
Accruals and deferred income	2,830	5,325
	8,180	8,225

Page 5