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Company Registration No. 03859588 (England and Wales)
Perseverance Works Freeholders Limited Unaudited accounts for the year ended 31 December 2023
Perseverance Works Freeholders Limited Unaudited accounts Contents
Page
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Perseverance Works Freeholders Limited Company Information for the year ended 31 December 2023
Directors
Mr John David Crisfield Mr Robert Danton Rees Mr Paul Edward King Mr Gavin Hale-Brown Mr Matt Lane
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 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
180,117 
175,919 
Current assets
Debtors
10,406 
149,977 
Cash at bank and in hand
330,544 
191,330 
340,950 
341,307 
Creditors: amounts falling due within one year
(28,263)
(33,696)
Net current assets
312,687 
307,611 
Net assets
492,804 
483,530 
Capital and reserves
Called up share capital
46 
46 
Share premium
171,958 
171,958 
Profit and loss account
320,800 
311,526 
Shareholders' funds
492,804 
483,530 
For the year ending 31 December 2023 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 12 March 2024 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 2023
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 2023
156,344 
5,000 
49,617 
8,572 
219,533 
Additions
8,550 
- 
1,409 
- 
9,959 
At 31 December 2023
164,894 
5,000 
51,026 
8,572 
229,492 
Depreciation
At 1 January 2023
- 
4,250 
31,625 
7,739 
43,614 
Charge for the year
- 
750 
4,521 
490 
5,761 
At 31 December 2023
- 
5,000 
36,146 
8,229 
49,375 
Net book value
At 31 December 2023
164,894 
- 
14,880 
343 
180,117 
At 31 December 2022
156,344 
750 
17,992 
833 
175,919 
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Perseverance Works Freeholders Limited Notes to the Accounts for the year ended 31 December 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
107 
- 
Trade debtors
3,455 
143,177 
Accrued income and prepayments
6,815 
6,800 
Other debtors
29 
- 
10,406 
149,977 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
- 
27,964 
Trade creditors
3,775 
2,482 
Taxes and social security
2,529 
- 
Other creditors
17,019 
- 
Accruals
4,940 
3,250 
28,263 
33,696 
7
Transactions with related parties
During the year, Perseverance Works Security Limited charged the Service Charge account £170,000 (2022: £170,000) for security services and £4,340 costs were accrued in Perseverance Works Freeholder for additional location security. 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 £22,075 (2022: £30,000). The amount charged to Perseverance Works Freeholders Ltd was £10,725 (2022: nil)
8
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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