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REGISTERED NUMBER: 08406324 (England and Wales)


















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2018

FOR

PERTON ESTATES LIMITED

PERTON ESTATES LIMITED (REGISTERED NUMBER: 08406324)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2018










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PERTON ESTATES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2018







DIRECTORS: Ms J H Briggs
Mr K Bedwood Dec'd





REGISTERED OFFICE: Perton Manor
Wrottesley Park Road
Perton
South Staffordshire
WV8 2HE





REGISTERED NUMBER: 08406324 (England and Wales)





ACCOUNTANTS: TGFP
Chartered Accountants
Fulford House
Newbold Terrace
Leamington Spa
Warwickshire
CV32 4EA

PERTON ESTATES LIMITED (REGISTERED NUMBER: 08406324)

BALANCE SHEET
31 MARCH 2018

2018 2017
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,076,551 2,075,573

CURRENT ASSETS
Stocks 1,170 1,108
Debtors 5 2,060,040 838,584
Cash at bank and in hand 950,978 765,951
3,012,188 1,605,643
CREDITORS
Amounts falling due within one year 6 1,817,749 1,459,408
NET CURRENT ASSETS 1,194,439 146,235
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,270,990

2,221,808

CREDITORS
Amounts falling due after more than one
year

7

(2,667,312

)

(1,709,667

)

PROVISIONS FOR LIABILITIES (113,083 ) (155,732 )
NET ASSETS 490,595 356,409

CAPITAL AND RESERVES
Called up and paid share capital 100 100
Retained earnings 490,495 356,309
SHAREHOLDERS' FUNDS 490,595 356,409

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the
Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as
at the end of each financial year and of its profit or loss for each financial year in accordance with the
requirements of Sections 394 and 395 and which otherwise comply with the requirements of the
Companies Act 2006 relating to financial statements, so far as applicable to the company.

PERTON ESTATES LIMITED (REGISTERED NUMBER: 08406324)

BALANCE SHEET - continued
31 MARCH 2018


The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors on 7 November 2018 and were signed on
its behalf by:





Ms J H Briggs - Director


PERTON ESTATES LIMITED (REGISTERED NUMBER: 08406324)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2018


1. STATUTORY INFORMATION

Perton Estates Limited is a private company, limited by shares , registered in England and Wales. The
company's registered number and registered office address can be found on the Company
Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for
obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement,
except to the extent that it relates to items recognised in other comprehensive income or directly in
equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been
enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at
the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods
different from those in which they are recognised in financial statements. Deferred tax is measured
using tax rates and laws that have been enacted or substantively enacted by the year end and that are
expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is
probable that they will be recovered against the reversal of deferred tax liabilities or other future
taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the
period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the
company's pension scheme are charged to profit or loss in the period to which they relate.

PERTON ESTATES LIMITED (REGISTERED NUMBER: 08406324)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2018


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 142 (2017 - 130 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2017 2,158,252 98,589 2,256,841
Additions - 51,725 51,725
At 31 March 2018 2,158,252 150,314 2,308,566
DEPRECIATION
At 1 April 2017 117,460 63,808 181,268
Charge for year 29,365 21,382 50,747
At 31 March 2018 146,825 85,190 232,015
NET BOOK VALUE
At 31 March 2018 2,011,427 65,124 2,076,551
At 31 March 2017 2,040,792 34,781 2,075,573

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Trade debtors 716,561 550,332
Amounts owed by participating interests 1,314,277 259,050
Other debtors 29,202 29,202
2,060,040 838,584

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Bank loans and overdrafts 150,305 82,000
Trade creditors 56,917 19,802
Amounts owed to participating interests 6,278 3,342
Taxation and social security 75,924 81,939
Other creditors 1,528,325 1,272,325
1,817,749 1,459,408

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2018 2017
£    £   
Bank loans 2,667,312 1,709,667

PERTON ESTATES LIMITED (REGISTERED NUMBER: 08406324)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2018


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2018 2017
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 2,066,093 1,381,667

8. SECURED DEBTS

The Royal Bank of Scotland plc hold a debenture dated 13 March 2013 over the assets of the
company.

The Royal Bank of Scotland plc hold a Legal Charge dated 5 April 2014 over the assets of the
company.

9. RELATED PARTY DISCLOSURES

Cleobury Holdings Limited

A company in which Ms J H Briggs and Mr K Bedwood are directors

The amount due from the company at the balance sheet date is £1,314,277 (2017: £259,050)

Ms J H Briggs
Director and shareholder


2018 2017
£    £   
Amount due to related party at the balance sheet date 738,625 626,125

The loan is interest free and has no fixed terms of repayment.

Mr K Bedwood Dec'd
Director and shareholder


2018 2017
£    £   
Amount due to related party at the balance sheet date 785,500 635,500

The loan is interest free and has no fixed terms of repayment.