The Hallows Estate is on alert as strange graffiti tags with messages declaring the streets will be taken over on Halloween night begin to appear on walls around the place, along with sightings of strange figures lurking in the shadows. One of the gangs responsible for the serious anti social behavior that give the estate a bad name, decide to take these threats head on and ignore the curfew on Halloween night. But who ever, or what ever, this new threat is, they seem to have the very night on their side as they make good on their promise of claiming the streets by frightening and violent means.

Raised on the streets of turn-of-the century London, orphaned Peter and his pals survive by their fearless wits as cunning young pickpockets. Now, they've been rounded up by their mentor Jimmy Hook to snatch a priceless—some believe, magical—treasure which transports them to Neverland.