Peloton Property Consultants Ltd - Accounts to registrar - small 17.2

REGISTERED NUMBER: 09341717 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2017

for

PELOTON PROPERTY CONSULTANTS LTD

Page

Company Information

1

Income Statement

2

Balance Sheet

3

Statement of Changes in Equity

4

Notes to the Financial Statements

5

DIRECTORS:

Mr S D Stafford

Mrs L Stafford

REGISTERED OFFICE:

Office 206

Ashton Old Baths

Stamford Street West

Ashton under Lyne

OL6 7FW

REGISTERED NUMBER:

09341717 (England and Wales)

ACCOUNTANTS:

Riley & Co Limited

Chartered Accountants

52 St Johns Lane

Halifax

West Yorkshire

HX1 2BW

TURNOVER

-

-

Administrative expenses

734

361

OPERATING LOSS

(734

)

(361

)

Income from shares in group undertakings

131,800

24,000

PROFIT BEFORE TAXATION

131,066

23,639

Tax on profit

-

-

PROFIT FOR THE FINANCIAL YEAR

131,066

23,639

FIXED ASSETS

Investments

4

317,046

272,046

CURRENT ASSETS

Cash at bank and in hand

5,474

296

CREDITORS

Amounts falling due within one year

5

201,718

272,606

NET CURRENT LIABILITIES

(196,244

)

(272,310

)

TOTAL ASSETS LESS CURRENT LIABILITIES

120,802

(264

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

120,702

(364

)

SHAREHOLDERS' FUNDS

120,802

(264

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 5 July 2017 and were signed on its behalf by:

Mr S D Stafford - Director

Called up

share

Retained

Total

capital

earnings

equity

£

£

£

Balance at 1 January 2016

-

(3

)

(3

)

Changes in equity

Issue of share capital

100

-

100

Dividends

-

(24,000

)

(24,000

)

Total comprehensive income

-

23,639

23,639

Balance at 31 March 2016

100

(364

)

(264

)

Changes in equity

Dividends

-

(10,000

)

(10,000

)

Total comprehensive income

-

131,066

131,066

Balance at 31 March 2017

100

120,702

120,802

1.	STATUTORY INFORMATION

Peloton Property Consultants Ltd is a private company, limited by shares , registered in England and Wales. The

company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

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

balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws

that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal

of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they

will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.

DIVIDENDS

Period

1.1.16

Year Ended

to

31.3.17

31.3.16

£

£

Ordinary A shares of £1 each

Interim

5,000

-

Ordinary B shares of £1 each

Interim

5,000

24,000

10,000

24,000

4.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 April 2016

272,046

Additions

45,000

At 31 March 2017

317,046

NET BOOK VALUE

At 31 March 2017

317,046

At 31 March 2016

272,046

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

£

Other creditors

201,718

272,606

6.	RELATED PARTY DISCLOSURES

During the year, total dividends of £10,000 (2016 - £24,000) were paid to the directors .

7.	ULTIMATE CONTROLLING PARTY