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REGISTERED NUMBER: 10354355 (England)















Financial Statements

for the Period

1 October 2020 to 31 December 2021

for

Perserva Limited

Perserva Limited (Registered number: 10354355)

Contents of the Financial Statements
for the Period 1 October 2020 to 31 December 2021










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Perserva Limited

Company Information
for the Period 1 October 2020 to 31 December 2021







DIRECTOR: C F Gamon





REGISTERED OFFICE: c/o Shoosmiths LLP
100 Avebury Boulevard
Milton Keynes
MK9 1FH





REGISTERED NUMBER: 10354355 (England)





AUDITORS: Tuerner Audit Limited
Bridge House
Old Grantham Road
Whatton
Nottingham
NG13 9FG

Perserva Limited (Registered number: 10354355)

Balance Sheet
31 December 2021

31.12.21 30.9.20
Notes £    £   
CURRENT ASSETS
Stocks 387,691 81,000
Debtors 6 152,665 2,603
Cash at bank 58,732 64,122
599,088 147,725
CREDITORS
Amounts falling due within one year 7 594,376 47,850
NET CURRENT ASSETS 4,712 99,875
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,712

99,875

CREDITORS
Amounts falling due after more than one
year

8

-

25,000
NET ASSETS 4,712 74,875

CAPITAL AND RESERVES
Called up share capital 9 1 1
Retained earnings 4,711 74,874
SHAREHOLDERS' FUNDS 4,712 74,875

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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

The financial statements were approved by the director and authorised for issue on 24 October 2023 and were signed by:





C F Gamon - Director


Perserva Limited (Registered number: 10354355)

Notes to the Financial Statements
for the Period 1 October 2020 to 31 December 2021


1. STATUTORY INFORMATION

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

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

These financial statements cover a 15 month period. Accordingly, the comparative results are not comparable. The accounting period was extended to bring the accounting reference date in line with that of it's parent company.

The financial statements have been prepared under the going concern concept due to the fact that the company has the continued support of its parent company. The director has been given assurance that this support will continue for the foreseeable future.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer Equipment - 33% SL

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 period 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 period 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.

Perserva Limited (Registered number: 10354355)

Notes to the Financial Statements - continued
for the Period 1 October 2020 to 31 December 2021


3. ACCOUNTING POLICIES - continued

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL (2020 - 1 ).

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 October 2020 6,345
Disposals (6,345 )
At 31 December 2021 -
DEPRECIATION
At 1 October 2020 6,345
Eliminated on disposal (6,345 )
At 31 December 2021 -
NET BOOK VALUE
At 31 December 2021 -

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.21 30.9.20
£    £   
Trade debtors - 2,603
Amounts owed by group undertakings 35,633 -
Other debtors 117,032 -
152,665 2,603

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.21 30.9.20
£    £   
Bank loans and overdrafts - 656
Trade creditors 52,372 -
Amounts owed to group undertakings 397,087 -
Taxation and social security 110,772 27,619
Other creditors 34,145 19,575
594,376 47,850

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.12.21 30.9.20
£    £   
Bank loans - 25,000

Perserva Limited (Registered number: 10354355)

Notes to the Financial Statements - continued
for the Period 1 October 2020 to 31 December 2021


9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.21 30.9.20
value: £    £   
1 Ordinary 1 1 1

10. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was qualified on the following basis:

Basis for qualified opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our qualified opinion.

We were not appointed as auditor of the company until after 31 December 2021 and thus did not observe the counting of physical inventories at 30 September 2020 and 31 December 2021. We were unable to satisfy ourselves by alternative means concerning inventory quantities held at 30 September 2020 and 31 December 2021, which are included in the balance sheet at a value of £81,000 and £387,691 respectively, by using other audit procedures.
Consequently we were unable to determine whether any adjustment to these amounts was necessary.

Caroline Peverett BA FCA (Senior Statutory Auditor)
for and on behalf of Tuerner Audit Limited

11. PARENT COMPANY

The parent of the smallest group into which the company's accounts are consolidated is the ultimate parent of the group Razor Group GmbH, whose address is Prinzessinnenstraße 20, 10969, Berlin, Germany.