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Company Registration No. 03859588 (England and Wales)
Perseverance Works Freeholders Limited Unaudited accounts for the year ended 31 December 2021
Perseverance Works Freeholders Limited Unaudited accounts Contents
Page
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Perseverance Works Freeholders Limited Company Information for the year ended 31 December 2021
Directors
Mr John David Crisfield Mr Robert Danton Rees Mr Paul Edward King Ms Gemma Louise McGregor Davies Mr Kenneth Rorrison
Secretary
Mr Paul Edward King
Company Number
03859588 (England and Wales)
Registered Office
9 Perseverance Works 38 Kingsland Road London E2 8DD England
Accountants
Sue Kowszun, Harlequin Accounting & Financial Services Ltd Bancroft, Mill Road West chiltington Pulborough West Sussex RH20 2PZ
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Perseverance Works Freeholders Limited Statement of financial position as at 31 December 2021
2021 
2020 
Notes
£ 
£ 
Fixed assets
Tangible assets
183,193 
170,984 
Current assets
Debtors
131,861 
253,531 
Cash at bank and in hand
192,610 
117,071 
324,471 
370,602 
Creditors: amounts falling due within one year
(26,533)
(53,354)
Net current assets
297,938 
317,248 
Total assets less current liabilities
481,131 
488,232 
Provisions for liabilities
Deferred tax
(1,433)
- 
Net assets
479,698 
488,232 
Capital and reserves
Called up share capital
46 
46 
Share premium
171,958 
171,958 
Profit and loss account
307,694 
316,228 
Shareholders' funds
479,698 
488,232 
For the year ending 31 December 2021 the company was entitled to exemption from audit 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 13 September 2022 and were signed on its behalf by
Mr Paul Edward King Director Company Registration No. 03859588
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Perseverance Works Freeholders Limited Notes to the Accounts for the year ended 31 December 2021
1
Statutory information
Perseverance Works Freeholders Limited is a private company, limited by shares, registered in England and Wales, registration number 03859588. The registered office is 9 Perseverance Works, 38 Kingsland Road, London, E2 8DD, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% on cost
Fixtures & fittings
25% on reducing balance
Computer equipment
33% on cost
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 January 2021
156,344 
5,000 
32,456 
7,086 
200,886 
Additions
- 
- 
16,982 
1,486 
18,468 
At 31 December 2021
156,344 
5,000 
49,438 
8,572 
219,354 
Depreciation
At 1 January 2021
- 
2,250 
20,799 
6,853 
29,902 
Charge for the year
- 
1,000 
4,863 
396 
6,259 
At 31 December 2021
- 
3,250 
25,662 
7,249 
36,161 
Net book value
At 31 December 2021
156,344 
1,750 
23,776 
1,323 
183,193 
At 31 December 2020
156,344 
2,750 
11,657 
233 
170,984 
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Perseverance Works Freeholders Limited Notes to the Accounts for the year ended 31 December 2021
5
Debtors: amounts falling due within one year
2021 
2020 
£ 
£ 
Trade debtors
125,611 
247,281 
Accrued income and prepayments
6,250 
6,250 
131,861 
253,531 
6
Creditors: amounts falling due within one year
2021 
2020 
£ 
£ 
VAT
25,206 
50,738 
Trade creditors
427 
510 
Taxes and social security
- 
802 
Accruals
900 
1,304 
26,533 
53,354 
7
Deferred taxation
2021 
2020 
£ 
£ 
Accelerated capital allowances
5,102 
- 
Tax losses carried forward
(3,669)
- 
1,433 
- 
2021 
2020 
£ 
£ 
Charged to the profit and loss account
1,433 
- 
Provision at end of year
1,433 
- 
8
Transactions with related parties
During the year, Perseverance Works Security Limited charged the Service Charge account £160,000 for security services. Perseverance Works Security and Perseverance Works Freeholders Limited have the following directors in common - John Crisfield, Paul King and Kenneth Rorrison. Since 1999, Paul King has charged the Service Charge account for general management services. During the year this amounted to £30,000 (2020: £30,000)
9
Average number of employees
During the year the average number of employees was 0 (2020: 0).
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