PEAKS_PARTNERSHIP_LIMITED - Accounts

PEAKS PARTNERSHIP LIMITED - Company Information

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PEAKS PARTNERSHIP LIMITED

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2014

Company Registration No. 05006441 (England and Wales)

PEAKS PARTNERSHIP LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

PEAKS PARTNERSHIP LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 MARCH 2014

- 1 -

2014

2013

Notes

Fixed assets

Tangible assets

1,509

4,151

Current assets

Debtors

11,928

4,911

Cash at bank and in hand

70,102

161,582

82,030

166,493

Creditors: amounts falling due within one year

(38,717)

(53,881)

Net current assets

43,313

112,612

Total assets less current liabilities

44,822

116,763

44,822

116,763

Capital and reserves

Called up share capital

Profit and loss account

44,816

116,757

Shareholders' funds

44,822

116,763

For the financial year ended 31 March 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board and authorised for issue on 30 December 2014

John Allan Bibby

Director

Company Registration No. 05006441

PEAKS PARTNERSHIP LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2014

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention.

1.2

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.3

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Computer equipment

33.3% straight line

Fixed assets

Tangible assets

Cost

At 1 April 2013 & at 31 March 2014

9,420

Depreciation

At 1 April 2013

5,269

Charge for the year

2,642

At 31 March 2014

7,911

Net book value

At 31 March 2014

1,509

At 31 March 2013

4,151

Share capital

2014

2013

Allotted, called up and fully paid

6 Ordinary shares of £1 each

Ultimate parent company

The ultimate parent company is John Bibby Limited.

Related party relationships and transactions

PEAKS PARTNERSHIP LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2014

Related party relationships and transactions

(Continued)

- 3 -

Loans from directors

Transactions in relation to loans with directors during the year are outlined in the table below:

Description

% Rate

Opening Balance

Amounts Advanced

Interest Charged

Amounts Repaid

Closing Balance

John Allan Bibby - Directors loan

1,972

105

2,077

1,972

105

2,077