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REGISTERED NUMBER: 00752856 (England and Wales)






Perkin Jewellers Limited

Financial Statements

for the Year Ended 31 January 2024






Perkin Jewellers Limited (Registered number: 00752856)

Contents of the Financial Statements
for the year ended 31 January 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Perkin Jewellers Limited

Company Information
for the year ended 31 January 2024







DIRECTORS: L C B Perkin
S M B Abbott
G E Abbott





REGISTERED OFFICE: 33 George Street
Wakefield
West Yorkshire
WF1 1LX





REGISTERED NUMBER: 00752856 (England and Wales)





ACCOUNTANTS: SMH Jolliffe Cork Ltd
Chartered Accountants
33 George Street
Wakefield
West Yorkshire
WF1 1LX

Perkin Jewellers Limited (Registered number: 00752856)

Balance Sheet
31 January 2024

2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 2,235 88
Investment property 5 425,000 460,000
427,235 460,088

CURRENT ASSETS
Debtors 6 17,317 10,654
Cash at bank 4,439 10,664
21,756 21,318
CREDITORS
Amounts falling due within one year 7 27,208 8,726
NET CURRENT (LIABILITIES)/ASSETS (5,452 ) 12,592
TOTAL ASSETS LESS CURRENT
LIABILITIES

421,783

472,680

CREDITORS
Amounts falling due after more than one
year

8

372,500

372,500
NET ASSETS 49,283 100,180

Perkin Jewellers Limited (Registered number: 00752856)

Balance Sheet - continued
31 January 2024

2024 2023
Notes £ £ £ £

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 10 49,183 100,080
SHAREHOLDERS' FUNDS 49,283 100,180

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 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.

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 21 August 2024 and were signed on its behalf by:





L C B Perkin - Director


Perkin Jewellers Limited (Registered number: 00752856)

Notes to the Financial Statements
for the year ended 31 January 2024


1. STATUTORY INFORMATION

Perkin Jewellers 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.

The functional and presentational currency for the company is the pound sterling (£). All financial information presented has been rounded to the nearest (£), unless otherwise stated.

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.

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 - 10% on reducing balance
Office equipment - 15% on reducing balance

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 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 (2023 - 2 ).

Perkin Jewellers Limited (Registered number: 00752856)

Notes to the Financial Statements - continued
for the year ended 31 January 2024


4. TANGIBLE FIXED ASSETS
Improvements Office
to property equipment Totals
£ £ £
COST
At 1 February 2023 - 920 920
Additions 2,400 - 2,400
At 31 January 2024 2,400 920 3,320
DEPRECIATION
At 1 February 2023 - 832 832
Charge for year 240 13 253
At 31 January 2024 240 845 1,085
NET BOOK VALUE
At 31 January 2024 2,160 75 2,235
At 31 January 2023 - 88 88

5. INVESTMENT PROPERTY
Total
£
FAIR VALUE
At 1 February 2023 460,000
Revaluations (35,000 )
At 31 January 2024 425,000
NET BOOK VALUE
At 31 January 2024 425,000
At 31 January 2023 460,000

The directors consider that the property valuations represent a fair market valuation at the balance sheet date.

The original costs of the investment properties were £505,872.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Property rentals account 6,565 4,096
PAYE debtor - 796
Prepayments and accrued income 10,752 5,762
17,317 10,654

Perkin Jewellers Limited (Registered number: 00752856)

Notes to the Financial Statements - continued
for the year ended 31 January 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Directors' current accounts 22,868 -
Accruals and deferred income 4,340 8,726
27,208 8,726

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£ £
Directors' loan accounts 372,500 372,500

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
100 Ordinary £1 100 100

10. RESERVES
Retained
earnings
£

At 1 February 2023 100,080
Deficit for the year (50,897 )
At 31 January 2024 49,183