REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 31 July 2023 |
for |
Persei Management Ltd |
REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 31 July 2023 |
for |
Persei Management Ltd |
Persei Management Ltd (Registered number: 12104979) |
Contents of the Financial Statements |
for the Year Ended 31 July 2023 |
Page |
Company Information | 1 |
Abridged Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
Persei Management Ltd |
Company Information |
for the Year Ended 31 July 2023 |
DIRECTOR: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Suite 1, Foundry House |
Waterside Lane |
Widnes |
Cheshire |
WA8 8GT |
Persei Management Ltd (Registered number: 12104979) |
Abridged Balance Sheet |
31 July 2023 |
31.7.23 | 31.7.22 |
£ | £ |
CURRENT ASSETS |
Debtors |
Cash at bank |
CREDITORS |
Amounts falling due within one year |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings |
The director acknowledges his 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. |
Persei Management Ltd (Registered number: 12104979) |
Abridged Balance Sheet - continued |
31 July 2023 |
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 |
Persei Management Ltd (Registered number: 12104979) |
Notes to the Financial Statements |
for the Year Ended 31 July 2023 |
1. | STATUTORY INFORMATION |
Persei Management Ltd is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
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 |
Persei Management Ltd (Registered number: 12104979) |
Notes to the Financial Statements - continued |
for the Year Ended 31 July 2023 |
4. | RELATED PARTY DISCLOSURES |
Fifteen Twenty Twenty Two Limited |
Fifteen Twenty Twenty Two Limited is a related party by virtue of common control. During the year the company provided a loan of £7,500 to Fifteen Twenty Twenty Two Limited (2022: £5,000 loan received from Fifteen Twenty Twenty Two Limited). |
At the end of the reporting period, the company owed £1,708 to (2022: £5,000 due from) Fifteen Twenty Twenty Two Limited. |
During the year, the company made purchases from Fifteen Twenty Twenty Two Limited of £84,000 (2022: £28,846) and £11,000 (2022: £nil) was outstanding at the year end. |
Rostherne Limited |
Rostherne Limited is a related party by virtue of key management personnel control. |
At the end of the reporting period the company owed £nil (2022: £2,500) to Rostherne Limited. |
Best Administrative Services Limited |
Best Administrative Services Limited is a related party by virtue of common control. |
During the year, the company made purchases from Best Administration Services Limited of £14,400 (2022: £3,600). |
At the end of the reporting period the company owed £1,200 (2022: £nil) to Best Administrative Services Limited. |
Best International Group Limited |
Best International Group Limited is a related party by virtue of common control. |
During the year, the company made purchases from Best International Group Limited of £52,902 (2022: £175). |
At the end of the reporting period the company owed £4,740 (2022: £nil) to Best International Group Limited. |
The transactions with these companies took place under normal commercial conditions. |
Bradley Lincoln |
Bradley Lincoln is a related party by virtue of significant control. During the year the company provided a loan of £138,000 (2022: £nil). |
At the end of the reporting period the company was owed £80,591 (2022: £nil) from Bradley Lincoln. |
Persei Management Ltd (Registered number: 12104979) |
Notes to the Financial Statements - continued |
for the Year Ended 31 July 2023 |
Jeff Hankin |
Jeff Hankin is a related party by virtue of significant control. During the year the company provided a loan of £138,000 (2022: £nil). |
At the end of the reporting period the company was owed £79,563 (2022: £nil) from Jeff Hankin. |
Guy Harland |
Guy Harland is a related party by virtue of key management personnel control. During the year the company provided a loan of £138,000 (2022: £nil). |
At the end of the reporting period the company was owed £92,404 (2022: £nil) from Guy Harland. |
5. | KEY MANAGEMENT PERSONNEL COMPENSATION |
Total compensation paid to the director and key management personnel amounted to £78,000 (2022: £23,519) during the year. |