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REGISTERED NUMBER: 03506587 (England and Wales)














UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2023

FOR

PERDISWELL MILLENIUM PARK LIMITED

PERDISWELL MILLENIUM PARK LIMITED (REGISTERED NUMBER: 03506587)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PERDISWELL MILLENIUM PARK LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2023







DIRECTORS: D.M. Misters
Mrs K Ruff





REGISTERED OFFICE: 2 Eden Court
Bath Road
Worcester
Worcestershire
WR5 3DL





REGISTERED NUMBER: 03506587 (England and Wales)





ACCOUNTANTS: Clifton-Crick Sharp & Co. Ltd
Chartered Accountants
40 High Street
Pershore
Worcestershire
WR10 1DP

PERDISWELL MILLENIUM PARK LIMITED (REGISTERED NUMBER: 03506587)

BALANCE SHEET
31 OCTOBER 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 153,114 195,643
Investment property 5 6,750,000 7,433,000
6,903,114 7,628,643

CURRENT ASSETS
Debtors 6 845,059 756,715
Cash at bank 847,418 652,979
1,692,477 1,409,694
CREDITORS
Amounts falling due within one year 7 391,073 362,666
NET CURRENT ASSETS 1,301,404 1,047,028
TOTAL ASSETS LESS CURRENT
LIABILITIES

8,204,518

8,675,671

PROVISIONS FOR LIABILITIES 8 954,245 954,245
NET ASSETS 7,250,273 7,721,426

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 9 4,339,350 5,022,350
Retained earnings 2,910,823 2,698,976
SHAREHOLDERS' FUNDS 7,250,273 7,721,426

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 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.

PERDISWELL MILLENIUM PARK LIMITED (REGISTERED NUMBER: 03506587)

BALANCE SHEET - continued
31 OCTOBER 2023


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 Board of Directors and authorised for issue on 19 March 2024 and were signed on its behalf by:





D.M. Misters - Director


PERDISWELL MILLENIUM PARK LIMITED (REGISTERED NUMBER: 03506587)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

1. STATUTORY INFORMATION

Perdiswell Millenium Park 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 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. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

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.
Improvements to property - 2% on cost
Plant and machinery - 15% on cost

Investment property
Investment properties are properties held to earn rentals and/or for capital appreciation. Investment properties are initially measured at cost, including transaction costs. Subsequently investment properties whose fair value can be measured reliably without undue cost or effort on an on-going basis are measured at fair value. Gains and losses arising from changes in the fair value of investment properties are included in profit or loss in the period in which they arise.

Investment properties whose fair value cannot be measured reliably without undue cost or effort on an ongoing basis are included in plant, property and equipment at cost less accumulated depreciation and accumulated impairment losses.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

PERDISWELL MILLENIUM PARK LIMITED (REGISTERED NUMBER: 03506587)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings Totals
£    £    £    £   
COST
At 1 November 2022
and 31 October 2023 3,590 821,673 131,827 957,090
DEPRECIATION
At 1 November 2022 3,590 757,857 - 761,447
Charge for year - 9,572 32,957 42,529
At 31 October 2023 3,590 767,429 32,957 803,976
NET BOOK VALUE
At 31 October 2023 - 54,244 98,870 153,114
At 31 October 2022 - 63,816 131,827 195,643

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 November 2022 7,433,000
Revaluations (683,000 )
At 31 October 2023 6,750,000
NET BOOK VALUE
At 31 October 2023 6,750,000
At 31 October 2022 7,433,000

Fair value at 31 October 2023 is represented by:
£   
Valuation in 2008 3,789,350
Valuation in 2010 (922,000 )
Valuation in 2016 (75,000 )
Valuation in 2019 1,510,000
Valuation in 2020 720,000
Valuation in 2023 (683,000 )
Cost 2,410,650
6,750,000

PERDISWELL MILLENIUM PARK LIMITED (REGISTERED NUMBER: 03506587)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023

5. INVESTMENT PROPERTY - continued

If Perdiswell Millennium Park had not been revalued they would have been included at the following historical cost:

31.10.23 31.10.22
£    £   
Cost 2,624,983 2,624,983
Aggregate depreciation (214,333 ) (214,333 )

Investment property was valued on an open market basis on 31 October 2023 by the company directors .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Other debtors 818,773 754,015
Prepayments 26,286 2,700
845,059 756,715

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Tax 66,851 31,241
VAT 10,843 14,753
Other creditors 247,902 247,902
Accruals and deferred income 65,477 68,770
391,073 362,666

8. PROVISIONS FOR LIABILITIES
31.10.23 31.10.22
£    £   
Deferred tax 954,245 954,245

Deferred
tax
£   
Balance at 1 November 2022 954,245
Balance at 31 October 2023 954,245

A provision for deferred tax has been made under FRS 102 for the potential tax charge arising due to the revaluation of the investment property.

PERDISWELL MILLENIUM PARK LIMITED (REGISTERED NUMBER: 03506587)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023

9. RESERVES
Fair
value
reserve
£   
At 1 November 2022 5,022,350
Revaluation in year (683,000 )

At 31 October 2023 4,339,350