PETERBOROUGH CULTURE, HERITAGE, LEARNING AND LEISURE LTD

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  Material uncertainty over going concern

  The concept of going concern assumes that a company's functions and services will continue in operational existence for the foreseeable future. This group is a 100% owned Teckal company of Peterborough City Council, established to undertake and deliver services that are essential to the local community. The company and its immediate holding company, are reliant on the continued financial support of its shareholder and parent, and this is expected to continue for the foreseeable future to enable it to continue to operate and to meet its liabilities as they fall due. However, the company is also reliant on the Council continuing to contract with them for the services provided. Following a decision by Council members to bring some services back into the Council, Peterborough City Council have issued a termination notice for the majority of activities undertaken by the holding company, Peterborough Limited to finish by 31 March 2026. As stated in Note 1.3, these events or conditions, along with other matters indicate that a material uncertainty exists that may cast significant doubt on the company's ability to continue as a going concern. Our opinion is not modified in respect of this matter.

• ◆

  3 officer resignations in last 12 months

  Multiple officers have left the board recently — see the People section for who.

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

IFRS

Reporting scope

Standalone (parent only)

Auditor

Azets Audit Services

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“The concept of going concern assumes that a company's functions and services will continue in operational existence for the foreseeable future. This group is a 100% owned Teckal company of Peterborough City Council, established to undertake and deliver services that are essential to the local community. The company and its immediate holding company, are reliant on the continued financial support of its shareholder and parent, and this is expected to continue for the foreseeable future to enable it to continue to operate and to meet its liabilities as they fall due. However, the company is also reliant on the Council continuing to contract with them for the services provided. Following a decision by Council members to bring some services back into the Council, Peterborough City Council have issued a termination notice for the majority of activities undertaken by the holding company, Peterborough Limited to finish by 31 March 2026. As stated in Note 1.3, these events or conditions, along with other matters indicate that a material uncertainty exists that may cast significant doubt on the company's ability to continue as a going concern. Our opinion is not modified in respect of this matter.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

7

last 12 months

Capital events

0

last 24 months

Officers appointed

2

last 12 months

Officers resigned

3

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.