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REGISTERED NUMBER: 04148782 (England and Wales)















REPORT OF THE DIRECTORS AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

PERFORMANCE INVESTMENTS LTD

PERFORMANCE INVESTMENTS LTD (REGISTERED NUMBER: 04148782)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Report of the Directors 2

Report of the Accountants 3

Income Statement 4

Balance Sheet 5

Notes to the Financial Statements 7


PERFORMANCE INVESTMENTS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: Mr S G Du Toit
Mrs J M Du Toit





REGISTERED OFFICE: 3 Rocheforte House
Roche Close
Rochford
Essex
SS4 1PW





REGISTERED NUMBER: 04148782 (England and Wales)





ACCOUNTANTS: Fusion Accountancy Limited
Marlborough House
298 Regents Park Road
London
N3 2SZ

PERFORMANCE INVESTMENTS LTD (REGISTERED NUMBER: 04148782)

REPORT OF THE DIRECTORS
FOR THE YEAR ENDED 31 MARCH 2024

The directors present their report with the financial statements of the company for the year ended 31 March 2024.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of property and other investments.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 April 2023 to the date of this report.

Mr S G Du Toit
Mrs J M Du Toit

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





Mrs J M Du Toit - Director


18 October 2024

PERFORMANCE INVESTMENTS LTD

REPORT OF THE ACCOUNTANTS TO THE DIRECTORS OF
PERFORMANCE INVESTMENTS LTD


In accordance with the engagement letter, and in order to assist you to fulfil your duties under the Companies Act 2006, we have compiled the financial statements of the company from the accounting records and information and explanations you have given to us.

This report is made to the directors in accordance with the terms of our engagement. Our work has been undertaken to prepare for approval by the directors the financial statements that we have been engaged to compile, to report to the directors that we have done so, and to state those matters that we have agreed to state to them in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's directors for our work or for this report.

You have acknowledged on the balance sheet as at year ended 31 March 2024 your duty to ensure that the company has kept proper accounting records and to prepare financial statements that give a true and fair view under the Companies Act 2006. You consider that the company is exempt from the statutory requirement for an audit for the year.

We have not been instructed to carry out an audit of the financial statements. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.






Fusion Accountancy Limited
Marlborough House
298 Regents Park Road
London
N3 2SZ


18 October 2024

PERFORMANCE INVESTMENTS LTD (REGISTERED NUMBER: 04148782)

INCOME STATEMENT
FOR THE YEAR ENDED 31 MARCH 2024

31.3.24 31.3.23
£    £   

TURNOVER 15,805 16,718

Administrative expenses 23,727 (116,612 )
(7,922 ) 133,330

Other operating income - (2,213 )
OPERATING (LOSS)/PROFIT (7,922 ) 131,117


Interest payable and similar expenses 7,076 4,674
(LOSS)/PROFIT BEFORE
TAXATION

(14,998

)

126,443

Tax on (loss)/profit (3,897 ) 30,660
(LOSS)/PROFIT FOR THE
FINANCIAL YEAR

(11,101

)

95,783

PERFORMANCE INVESTMENTS LTD (REGISTERED NUMBER: 04148782)

BALANCE SHEET
31 MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Investments 4 - 1,056
Investment property 5 330,000 343,236
330,000 344,292

CURRENT ASSETS
Debtors 6 1,000 1,805
Cash at bank 1,158 1,289
2,158 3,094
CREDITORS
Amounts falling due within one year 7 122,239 99,030
NET CURRENT LIABILITIES (120,081 ) (95,936 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

209,919

248,356

CREDITORS
Amounts falling due after more than
one year

8

(55,471

)

(78,909

)

PROVISIONS FOR LIABILITIES (26,763 ) (30,660 )
NET ASSETS 127,685 138,787

PERFORMANCE INVESTMENTS LTD (REGISTERED NUMBER: 04148782)

BALANCE SHEET - continued
31 MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 9 100 100
Revaluation reserve 10 80,288 90,684
Retained earnings 10 47,297 48,003
SHAREHOLDERS' FUNDS 127,685 138,787

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 18 October 2024 and were signed on its behalf by:





Mrs J M Du Toit - Director


PERFORMANCE INVESTMENTS LTD (REGISTERED NUMBER: 04148782)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Performance Investments Ltd 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
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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

PERFORMANCE INVESTMENTS LTD (REGISTERED NUMBER: 04148782)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. FIXED ASSET INVESTMENTS
Unlisted
investment
£   
COST OR VALUATION
At 1 April 2023 1,056
Revaluations (1,056 )
At 31 March 2024 -
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 1,056

Cost or valuation at 31 March 2024 is represented by:

Unlisted
investment
£   
Valuation in 2019 (5,918 )
Valuation in 2020 (1,190 )
Valuation in 2021 2,343
Valuation in 2022 1,240
Valuation in 2023 2,230
Cost 1,295

Cost of investments - £12,708
Valuation on shares sold 2021 - £4,707
Valuation on shares sold 2022 - £1,632
Valuation on shares sold 2023 - £4,018

PERFORMANCE INVESTMENTS LTD (REGISTERED NUMBER: 04148782)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023 343,236
Revaluations (13,236 )
At 31 March 2024 330,000
NET BOOK VALUE
At 31 March 2024 330,000
At 31 March 2023 343,236

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2023 122,639
Valuation in 2024 (13,236 )
Cost 220,597
330,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
31.3.24 31.3.23
£    £   
Other debtors - 1,805
Prepayments and accrued income 1,000 -
1,000 1,805

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
31.3.24 31.3.23
£    £   
Mortgage due within 1 year - 5,497
Director's current account 120,918 92,452
Accrued expenses 1,321 1,081
122,239 99,030

PERFORMANCE INVESTMENTS LTD (REGISTERED NUMBER: 04148782)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE
THAN ONE YEAR
31.3.24 31.3.23
£    £   
Other creditors 55,471 55,471
Mortgage due more than 1 year - 23,438
55,471 78,909

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
100 Ordinary £1 100 100

10. RESERVES
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1 April 2023 48,003 90,684 138,687
Deficit for the year (11,101 ) (11,101 )
Transfer from revaluation rese 10,395 (10,396 ) (1 )
At 31 March 2024 47,297 80,288 127,585

11. RELATED PARTY DISCLOSURES

At the balance sheet date, included within creditors due within one year, is an amount of £120,918 (2023 - £92,452) owed to the directors. This loan is interest free, of no fixed term and repayable on demand.

The controlling parties are the company directors by virtue of their shareholdings.

12. TAXATION

The company has carried forward losses of £7,740 (2023- £7,034) which it can use against future taxable profits.