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Company Registration No. 08478706 (England and Wales)
Perega Holdings Limited Unaudited accounts for the year ended 31 March 2023
Perega Holdings Limited Unaudited accounts Contents
Page
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Perega Holdings Limited Company Information for the year ended 31 March 2023
Directors
R J Barnes S J Brock P D Jarvis D E Manion S E McSorley F J Robb
Company Number
08478706 (England and Wales)
Registered Office
86 Epsom Road Guildford Surrey GU1 2BX UK
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Perega Holdings Limited Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Investments
2,117,050 
2,117,050 
Creditors: amounts falling due within one year
(171,780)
(171,780)
Net current liabilities
(171,780)
(171,780)
Net assets
1,945,270 
1,945,270 
Capital and reserves
Called up share capital
169,275 
169,275 
Share premium
872,954 
872,954 
Capital redemption reserve
3,521 
3,521 
Profit and loss account
899,520 
899,520 
Shareholders' funds
1,945,270 
1,945,270 
For the year ending 31 March 2023 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant 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 24 November 2023 and were signed on its behalf by
F J Robb Director Company Registration No. 08478706
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Perega Holdings Limited Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
Perega Holdings Limited is a private company, limited by shares, registered in England and Wales, registration number 08478706. The registered office is 86 Epsom Road, Guildford, Surrey, GU1 2BX, UK.
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.
Consolidation
The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.
Investments
Investments in subsidiaries are measured at cost less accumulated impairment. Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Statement of Comprehensive Income for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.
Financial instruments
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.
Employee ownership trust
Where the group makes payments to the employee ownership trust ("Trust") where no future economic benefits will flow to the group following payment and where the group does not have control to the right of other access to the future economic benefit it is expected to receive, the payments will be expensed in the income statement. The directors are of the opinion that the group does not have control of the Trust and therefore have excluded the assets and liabilities of the Trust from group financial statements. Had the directors assessment confirmed such control existed the net assets of the group would have been reduced by £2,167,610 (2022: £2,699,109).
4
Investments
Subsidiary undertakings 
£ 
Valuation at 1 April 2022
2,117,050 
Valuation at 31 March 2023
2,117,050 
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Perega Holdings Limited Notes to the Accounts for the year ended 31 March 2023
5
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Amounts owed to group undertakings and other participating interests
171,499 
171,499 
Other creditors
281 
281 
171,780 
171,780 
6
Contingent liabilities
On 23 May 2019, the Thomasons Employee Ownership Trust ("EOT") purchased 100% of the ordinary share capital of Perega Holdings Limited, a company which in turn owns 100% of the share capital of Perega Limited. Together these companies form part of the Perega Group ("Group"). The company and group, by virtue of this transaction, are now "employee owned". The funding for this transaction was achieved by deferring consideration payable to the previous owners of the business of £3,459,194 (over a six year term, subject to cash availability.) This deferred consideration is a liability of the EOT however the Perega Group is named as a guarantor in the event of the EOT not meeting its obligations. During the period the group made a contribution to the EOT totalling £531,499 (2022: £218,713). As a result, the contingent liability of the group at the year end amounted to £2,167,610 (2022: £2,699,109). The present obligation to make the future loan payments is that of the EOT and so the liability for the future payments has not been recognised by the company or the group.
7
Average number of employees
During the year the average number of employees was 6 (2022: 7).
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