Peacock Investment Limited - Period Ending 2015-01-31

Registration number: 00572517

Peacock Investment Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 January 2015
 

Fox Jennings Cullen
Accountants & Business Advisers
Tarn House
77 High Street
Yeadon
Leeds
West Yorkshire
LS19 7SP

Peacock Investment Limited
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

Peacock Investment Limited
(Registration number: 00572517)
Abbreviated Balance Sheet at 31 January 2015

		Note			2015 £			2014 £
Fixed assets
Tangible fixed assets					201,530			220,900
Current assets
Debtors					105			105
Cash at bank and in hand					1,760			170
					1,865			275
Creditors: Amounts falling due within one year					(132,907)			(126,887)
Net current liabilities					(131,042)			(126,612)
Total assets less current liabilities					70,488			94,288
Provisions for liabilities					-			(2,271)
Net assets					70,488			92,017
Capital and reserves
Called up share capital		3			1,000			1,000
Revaluation reserve					117,002			134,101
Profit and loss account					(47,514)			(43,084)
Shareholders' funds					70,488			92,017

For the year ending 31 January 2015 the company was entitled to exemption 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the director on 22 January 2016

.........................................
Mr D H M Walker
Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

Peacock Investment Limited
Notes to the Abbreviated Accounts for the Year Ended 31 January 2015
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008).

Turnover

Turnover represents amounts chargeable in respect of the sale of goods and services to customers.

Depreciation

In accordance with Accounting Standards no provision has been made for depreciation against the company's property during the current year. This represents a departure from the requirements of the Companies Act 2006, in order that the accounts should present a true and fair view,

Asset class	Depreciation method and rate
Freehold property	nil

Deferred tax

Deferred tax is recognised, without discounting, in respect of all timing differences between the treatment of certain items for taxation and accounting purposes, which have arisen but not reversed by the balance sheet date, except as required by the FRSSE. Deferred tax is measured at the rates that are expected to apply in the periods when the timing differences are expected to reverse, based on the tax rates and law enacted at the balance sheet date.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

Page 2

Peacock Investment Limited
Notes to the Abbreviated Accounts for the Year Ended 31 January 2015
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 February 2014		220,900			220,900
Exchange movement		(19,370)			(19,370)
At 31 January 2015		201,530			201,530
Depreciation
At 31 January 2015		-			-
Net book value
At 31 January 2015		201,530			201,530
At 31 January 2014		220,900			220,900

3	Share capital

Allotted, called up and fully paid shares

	2015						2014
		No.			£			No.			£
Ordinary shares of £1 each		1,000			1,000			1,000			1,000

Page 3