PEAKTOP LIMITED - Accounts to registrar - small 17.1.1

PEAKTOP LIMITED - Accounts to registrar - small 17.1.1

PEAKTOP LTD - Company Information

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REGISTERED NUMBER: 05048821 (England and Wales)















Report of the Director and

Unaudited Financial Statements for the Year Ended 28 February 2017

for

PEAKTOP LIMITED

PEAKTOP LIMITED (Registered number: 05048821)






Contents of the Financial Statements
for the Year Ended 28 February 2017




Page

Company Information 1

Report of the Director 2

Statement of Financial Position 3

Notes to the Financial Statements 5


PEAKTOP LIMITED

Company Information
for the Year Ended 28 February 2017







DIRECTOR: Mr I Reich





REGISTERED OFFICE: 88A OSBALDESTON ROAD
LONDON
N16 6NL





REGISTERED NUMBER: 05048821 (England and Wales)





Page 1
PEAKTOP LIMITED (Registered number: 05048821)

Report of the Director
for the Year Ended 28 February 2017

The director presents his report with the financial statements of the company for the year ended 28 February 2017.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of investing in properties.

DIRECTOR
Mr I Reich held office during the whole of the period from 29 February 2016 to the date of this report.

POLITICAL DONATIONS AND EXPENDITURE
There were no political donations made. Total Charitable donations of £27,677 ( 2016 - £33,718) were made during the
year.

STATEMENT OF DIRECTOR'S RESPONSIBILITIES
The director is responsible for preparing the Report of the Director and the financial statements in accordance with
applicable law and regulations.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has
elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice
(United Kingdom Accounting Standards and applicable law). Under company law the director must not approve the financial
statements unless he is satisfied that they give a true and fair view of the state of affairs of the company and of the profit or
loss of the company for that period. In preparing these financial statements, the director is required to:

- select suitable accounting policies and then apply them consistently;
- make judgements and accounting estimates that are reasonable and prudent;

The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company's
transactions and disclose with reasonable accuracy at any time the financial position of the company and enable him to
ensure that the financial statements comply with the Companies Act 2006. He is also responsible for safeguarding the assets
of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small
companies.

ON BEHALF OF THE BOARD:





Mr I Reich - Director


20 October 2017

Page 2
PEAKTOP LIMITED (Registered number: 05048821)

Statement of Financial Position
28 February 2017

28.2.17 28.2.16
Notes £    £    £    £   
FIXED ASSETS
Investment property 3 1,047,750 1,047,750
1,047,750 1,047,750

CURRENT ASSETS
Cash at bank 4,813 2,903

CREDITORS
Amounts falling due within one year 4 93,426 117,444
NET CURRENT LIABILITIES (88,613 ) (114,541 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
959,137
933,209

CREDITORS
Amounts falling due after more than one year 5 689,672 689,672

CAPITAL AND RESERVES
Called up share capital 1 1
Fair value reserve 7 249,174 249,174
Retained earnings 20,290 (5,638 )
SHAREHOLDERS' FUNDS 269,465 243,537
959,137 933,209

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 notes form part of these financial statements

Page 3 continued...
PEAKTOP LIMITED (Registered number: 05048821)

Statement of Financial Position - continued
28 February 2017


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.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 20 October 2017 and were signed by:





Mr I Reich - Director


The notes form part of these financial statements

Page 4
PEAKTOP LIMITED (Registered number: 05048821)

Notes to the Financial Statements
for the Year Ended 28 February 2017

1. STATUTORY INFORMATION

PEAKTOP LIMITED 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.

Turnover
Turnover represents rent receivable from company's own investment properties.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair
value is recognised in profit or loss.

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 that have been enacted or
substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement
of financial position 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. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 29 February 2016
and 28 February 2017 1,047,750
NET BOOK VALUE
At 28 February 2017 1,047,750
At 28 February 2016 1,047,750

Page 5 continued...
PEAKTOP LIMITED (Registered number: 05048821)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2017

4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.17 28.2.16
£    £   
Tax 6,482 -
Directors' current accounts 85,194 115,694
Accrued expenses 1,750 1,750
93,426 117,444

5. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
28.2.17 28.2.16
£    £   
Bank loans more 5 yrs non-inst 689,672 689,672

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 689,672 689,672

6. SECURED DEBTS

The following secured debts are included within creditors:

28.2.17 28.2.16
£    £   
Bank loans 689,672 689,672

secured on the investment properties owned by the company.

7. RESERVES
Fair
value
reserve
£   
At 29 February 2016
and 28 February 2017 249,174

Page 6