Peacock Investment Limited - Period Ending 2014-01-31

Registration number: 00572517

Peacock Investment Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 January 2014
 

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

Peacock Investment Limited
Contents

Accountants' Report 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3 to 4

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 4) have been prepared.

Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Peacock Investment Limited
for the Year Ended 31 January 2014

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Peacock Investment Limited for the year ended 31 January 2014 set out on pages from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the Board of Directors of Peacock Investment Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Peacock Investment Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Peacock Investment Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Peacock Investment Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Peacock Investment Limited. You consider that Peacock Investment Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Peacock Investment Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

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

30 January 2015

Page 1

Peacock Investment Limited
(Registration number: 00572517)
Abbreviated Balance Sheet at 31 January 2014

		Note			2014 £			2013 £
Fixed assets
Tangible fixed assets					220,900			223,590
Current assets
Debtors					105			102
Cash at bank and in hand					170			170
					275			272
Creditors: Amounts falling due within one year					(126,887)			(121,142)
Net current liabilities					(126,612)			(120,870)
Total assets less current liabilities					94,288			102,720
Provisions for liabilities					(2,271)			(3,452)
Net assets					92,017			99,268
Capital and reserves
Called up share capital		3			1,000			1,000
Revaluation reserve					134,101			135,610
Profit and loss account					(43,084)			(37,342)
Shareholders' funds					92,017			99,268

For the year ending 31 January 2014 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 30 January 2015

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

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

Peacock Investment Limited
Notes to the Abbreviated Accounts for the Year Ended 31 January 2014
......... 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).

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 3

Peacock Investment Limited
Notes to the Abbreviated Accounts for the Year Ended 31 January 2014
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 February 2013		223,590			223,590
Disposals		(2,690)			(2,690)
At 31 January 2014		220,900			220,900
Depreciation
At 31 January 2014		-			-
Net book value
At 31 January 2014		220,900			220,900
At 31 January 2013		223,590			223,590

3	Share capital

Allotted, called up and fully paid shares

	2014						2013
		No.			£			No.			£
Ordinary shares of £1 each		1,000			1,000			1,000			1,000

4

Control

The company is controlled by the director and members of his close family.

Page 4