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Registered number: 12026769
Peregrina Investments Limited
Unaudited Financial Statements
For The Year Ended 31 October 2023
McPhersons Walpole Harding
ACCA
Telecom House
125-135 Preston Road
Brighton
BN1 6AF
Unaudited Financial Statements
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—6
Page 1
Statement of Financial Position
Registered number: 12026769
31 October 2023 31 October 2022
Notes £ £ £ £
FIXED ASSETS
Investments 4 381,299 376,511
381,299 376,511
CURRENT ASSETS
Debtors 5 896,370 2,539,351
Investments 6 806,419 968,324
Cash at bank and in hand 594,147 145,774
2,296,936 3,653,449
Creditors: Amounts Falling Due Within One Year 7 (13,540 ) (1,529,899 )
NET CURRENT ASSETS (LIABILITIES) 2,283,396 2,123,550
TOTAL ASSETS LESS CURRENT LIABILITIES 2,664,695 2,500,061
NET ASSETS 2,664,695 2,500,061
CAPITAL AND RESERVES
Called up share capital 8 100 100
Share premium account 298,625 298,625
Fair Value Reserve 9 (26,659 ) (26,659 )
Income Statement 2,392,629 2,227,995
SHAREHOLDERS' FUNDS 2,664,695 2,500,061
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Page 2
For the year ending 31 October 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.
On behalf of the board
Mr E B Truman
Director
Mrs J G Truman
Director
24 July 2024
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Peregrina Investments Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12026769 . The registered office is Darts, Darts Lane, Bembridge, PO35 5YH.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
The presentation currency of the financial statements is Pound Sterling (£).
2.2. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern, accordingly the accounts are prepared on the going concern basis.
2.3. Financial Instruments
Financial instruments are recognised in the company’s statement of financial position when the company become party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to do so and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Basic financial assets 
Basic financial assets which include trade and other receivables and cash and bank balances, are initially measured at transaction price including transaction costs. 
Financial assets classified as receivable within one year are not amortised.
Where financial assets are classified as receivable in more than one year, they are subsequently carried at amortised cost using the effective interest rate method unless the arrangement constitutes a financing transaction, where the transaction is measured as the present value of the future receipts discounted at a market rate of interest.
Cash and cash equivalents
Cash and cash equivalents are basic financial instruments and include cash in hand, deposits held at call with banks, other short term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings within current liabilities.
Non-current investments
Interests in associates are initially measured at cost and subsequently measured at cost less any accumulated impairment losses.
The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.
An associate is an entity, being neither a subsidiary nor a joint venture, in which the company holds long term interest and where the company has significant influence.  The company considers that it has significant influence where it has the power to participate in the financial and operating decisions of the associate.
Current investments
Investments in Listed Companies that are readily traded are treated as current assets and are accounted for as basic financial instruments in accordance with Section 11 of FRS 102 and are initially recorded at cost and then reported at fair value at the balance sheet date. Changes in fair value are recognised in profit or loss, if the shares are publicly traded or if the fair value can otherwise be measured reliably. 
...CONTINUED
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2.3. Financial Instruments - continued
Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
Basic financial liabilities
Basic financial liabilities, including trade and other payables and loans that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest method.
Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.
2.4. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2022: 1)
1 1
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4. Investments
Subsidiaries Unlisted Total
£ £ £
Cost
As at 1 November 2022 300,219 76,292 376,511
Additions - 4,420 4,420
Revaluations - 368 368
As at 31 October 2023 300,219 81,080 381,299
Provision
As at 1 November 2022 - - -
As at 31 October 2023 - - -
Net Book Value
As at 31 October 2023 300,219 81,080 381,299
As at 1 November 2022 300,219 76,292 376,511
5. Debtors
31 October 2023 31 October 2022
£ £
Due within one year
Amounts owed by group undertakings 775,079 560,843
Other debtors 121,291 1,978,508
896,370 2,539,351
6. Current Asset Investments
31 October 2023 31 October 2022
£ £
Listed investments 751,837 919,200
Other investments, held for sale 54,582 49,124
806,419 968,324
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7. Creditors: Amounts Falling Due Within One Year
31 October 2023 31 October 2022
£ £
Trade creditors 2 1
Other creditors 5,910 1,496,275
Taxation and social security 7,628 33,623
13,540 1,529,899
8. Share Capital
31 October 2023 31 October 2022
£ £
Allotted, Called up and fully paid 100 100
9. Reserves
Fair Value Reserve
£
As at 1 November 2022 (26,659 )
As at 31 October 2023 (26,659 )
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