Peakheights Ltd - Abbreviated accounts 16.1

REGISTERED NUMBER: 03246325 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 December 2015

for

Peakheights Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

Mrs T Becker

Mr A C Becker

SECRETARY:

Mr A C Becker

REGISTERED OFFICE:

5 North End Road

London

NW11 7RJ

REGISTERED NUMBER:

03246325 (England and Wales)

ACCOUNTANTS:

Martin+Heller

Chartered Accountants

5 North End Road

London

NW11 7RJ

FIXED ASSETS

Tangible assets

2

21

28

Investment property

3

291,845

291,866

291,873

CURRENT ASSETS

Stocks

234,429

Debtors

532,688

490,838

Cash at bank

60,892

90,233

828,009

815,500

CREDITORS

Amounts falling due within one year

32,684

34,234

NET CURRENT ASSETS

795,325

781,266

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,087,191

1,073,139

CAPITAL AND RESERVES

Called up share capital

4

100

Profit and loss account

1,087,091

1,073,039

SHAREHOLDERS' FUNDS

1,087,191

1,073,139

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2015 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each
financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and
which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable
to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 27 September 2016 and were signed on its behalf by:

Mr A C Becker - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the Financial

Reporting Standard for Smaller Entities (effective January 2015).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in market value

is transferred to a revaluation reserve.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving

items.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2015

and 31 December 2015

1,888

DEPRECIATION

At 1 January 2015

1,860

Charge for year

7

At 31 December 2015

1,867

NET BOOK VALUE

At 31 December 2015

21

At 31 December 2014

28

3.	INVESTMENT PROPERTY

Total

£

COST

At 1 January 2015

and 31 December 2015

291,845

NET BOOK VALUE

At 31 December 2015

291,845

At 31 December 2014

291,845

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.15

31.12.14

value:

£

100

Ordinary

£1

100