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REGISTERED NUMBER: 09460158 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Perrymead Estates Limited

Perrymead Estates Limited (Registered number: 09460158)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Perrymead Estates Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: O M Wheatcroft
H E Kershaw





REGISTERED OFFICE: Stoney Street Studios
51 Stoney Street
Nottingham
Nottinghamshire
NG1 1LX





REGISTERED NUMBER: 09460158 (England and Wales)





ACCOUNTANTS: torr waterfield
Park House
37 Clarence Street
Leicester
Leicestershire
LE1 3RW

Perrymead Estates Limited (Registered number: 09460158)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £   
FIXED ASSETS
Tangible assets 4 78,095 28,194
Investments 5 - -
Investment property 6 11,325,399 11,079,364
11,403,494 11,107,558

CURRENT ASSETS
Debtors 7 216,043 186,017
Cash at bank and in hand 21,956 4,230
237,999 190,247
CREDITORS
Amounts falling due within one year 8 (353,685 ) (235,220 )
NET CURRENT LIABILITIES (115,686 ) (44,973 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

11,287,808

11,062,585

CREDITORS
Amounts falling due after more than one
year

9

(9,390,533

)

(9,281,465

)

PROVISIONS FOR LIABILITIES (515,022 ) (515,022 )
NET ASSETS 1,382,253 1,266,098

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 1,195,812 1,195,812
Retained earnings 186,341 70,186
1,382,253 1,266,098

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

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

Perrymead Estates Limited (Registered number: 09460158)

Balance Sheet - continued
31 December 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 5 June 2024 and were signed on its behalf by:





O M Wheatcroft - Director


Perrymead Estates Limited (Registered number: 09460158)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Perrymead Estates 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
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.
The financial statements have been prepared on a going concern basis, assuming the company will continue to trade. This assumption depends on the ability of the directors to maintain the necessary financial support.

Preparation of consolidated financial statements
The financial statements contain information about Perrymead Estates Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost less any provision for impairment.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.


Perrymead Estates Limited (Registered number: 09460158)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

2. ACCOUNTING POLICIES - continued
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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 January 2023 88,870 - 2,950 91,820
Additions - 63,617 - 63,617
At 31 December 2023 88,870 63,617 2,950 155,437
DEPRECIATION
At 1 January 2023 61,823 - 1,803 63,626
Charge for year 6,762 6,667 287 13,716
At 31 December 2023 68,585 6,667 2,090 77,342
NET BOOK VALUE
At 31 December 2023 20,285 56,950 860 78,095
At 31 December 2022 27,047 - 1,147 28,194

Perrymead Estates Limited (Registered number: 09460158)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 January 2023
and 31 December 2023 1
PROVISIONS
At 1 January 2023
and 31 December 2023 1
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 -

Shares in subsidiary, Wheatcroft Spaces Limited, costing £1, have been fully impaired to a value of £NIL. The value of investment is reviewed on an annual basis by the directors.

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023 11,079,364
Additions 246,035
At 31 December 2023 11,325,399
NET BOOK VALUE
At 31 December 2023 11,325,399
At 31 December 2022 11,079,364

The valuation of the investment properties has been completed by the directors as on 31 December 2023.

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 34,822 19,918
Other debtors 181,221 166,099
216,043 186,017

Other debtors includes prepayments and accrued income of £4,026 (2022 - £1,869).

Perrymead Estates Limited (Registered number: 09460158)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 66,836 92,983
Hire purchase contracts 7,824 -
Trade creditors 32,700 24,746
Taxation and social security 8,072 12,687
Other creditors 238,253 104,804
353,685 235,220

Other creditors includes accruals and deferred income of £88,766 (2022 - £73,696).

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Bank loans 4,218,770 4,289,259
Hire purchase contracts 56,772 -
Shareholder's loans 5,114,991 4,992,206
9,390,533 9,281,465

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more than 5 years 4,050,915 4,078,288

10. SECURED DEBTS

The following secured debts are included within creditors:

31.12.23 31.12.22
£    £   
Bank loans 4,285,606 4,382,242
Hire purchase contracts 64,596 -
4,350,202 4,382,242

Bank loans and HP agreements are secured by the way of fixed and floating charges over the company's assets.