Peal Ventures Limited - Accounts

Peal Ventures Limited - Accounts

PEAL VENTURES LIMITED - Company Information

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Registered Number : 09986188
England and Wales

 

 

 

PEAL VENTURES LIMITED


Unaudited Financial Statements
 


Period of accounts

Start date: 03 February 2016

End date: 28 February 2017

Peal Ventures Limited
Contents Page
For the period ended 28 February 2017
Directors Adam Long
Peter Edwards
Patricia Martin
James Long
Registered Number 09986188
Registered Office Unit 3 Prenton Business Park
Prenton Way
Prenton
Wirral
CH43 3EA
Accountants Woods Squared Limited
49 Hamilton Square
Birkenhead
Wirral
CH41 5AR
1
The directors present their report and accounts for the period ended 28 February 2017.
Directors
The directors who served the company throughout the period were as follows:
Adam Long (from 03/02/2016)
Peter Edwards (from 03/02/2016)
Patricia Martin (from 03/02/2016)
James Long (from 24/03/2016)

Statement of director's responsibilities
The directors are responsible for preparing the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (Financial Reporting Standard 102 and applicable law). The financial statements are required by law to 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 directors are required to:

- select suitable accounting policies and then apply them consistently;
- make judgements and estimates that are reasonable and prudent;
- state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. The directors are 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.

Signed on behalf of the board


----------------------------------
James Long
Director

Date approved: 29 October 2017
2
 
 		 Notes
 		 2017
£
Fixed assets    
Investments 2 614,675 
614,675 
Current assets    
Debtors 3 25 
Cash at bank and in hand 13,569 
13,594 
Creditors: amount falling due within one year 4 (631,265)
Net current assets (617,671)
 
Total assets less current liabilities (2,996)
Net assets (2,996)
 

Capital and reserves 		   
Called up share capital 100 
Profit and loss account (3,096)
Shareholders funds (2,996)
 


For the period ended 28 February 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's Responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts
These accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The directors have elected not to include the profit and loss account within the financial statements.
Signed on behalf of the board of directors


--------------------------------
James Long
Director

Date approved by the board: 29 October 2017
3
Statutory Information
Peal Ventures Limited is a private limited company, limited by shares, domiciled in England and Wales, registration number 09986188.

The presentation currency is £ sterling.
1.

Accounting Policies

Basis of accounting
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Financial Reporting Standard for Smaller Entities (effective January 2016).
Fixed asset investments
Fixed asset investments are stated at cost less provision for any permanent diminution in value.
2.

Investments

Cost or Valuation Other investments other than loans   Total
  £   £
At 03 February 2016 -    - 
Additions 614,675    614,675 
Disposals -    - 
At 28 February 2017 614,675    614,675 

3.

Debtors: amounts falling due within one year

2017
£
Other Debtors 25 
25 

4.

Creditors: amount falling due within one year

2017
£
Accrued Expenses 660 
Other Creditors 100 
Directors' Current Accounts 630,505 
631,265 

4