Persimmon Property Ltd 09802248 false 2023-10-01 2024-10-31 2024-10-31 The principal activity of the company is property rental. Digita Accounts Production Advanced 6.30.9574.0 true true 09802248 2023-10-01 2024-10-31 09802248 2024-10-31 09802248 core:CurrentFinancialInstruments 2024-10-31 09802248 core:CurrentFinancialInstruments core:WithinOneYear 2024-10-31 09802248 core:FurnitureFittings 2024-10-31 09802248 bus:SmallEntities 2023-10-01 2024-10-31 09802248 bus:AuditExemptWithAccountantsReport 2023-10-01 2024-10-31 09802248 bus:FilletedAccounts 2023-10-01 2024-10-31 09802248 bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-10-31 09802248 bus:RegisteredOffice 2023-10-01 2024-10-31 09802248 bus:Director1 2023-10-01 2024-10-31 09802248 bus:Director2 2023-10-01 2024-10-31 09802248 bus:PrivateLimitedCompanyLtd 2023-10-01 2024-10-31 09802248 core:FurnitureFittings 2023-10-01 2024-10-31 09802248 core:MotorCars 2023-10-01 2024-10-31 09802248 core:UKTax 2023-10-01 2024-10-31 09802248 countries:EnglandWales 2023-10-01 2024-10-31 09802248 2023-09-30 09802248 core:FurnitureFittings 2023-09-30 09802248 2022-10-01 2023-09-30 09802248 2023-09-30 09802248 core:CurrentFinancialInstruments 2023-09-30 09802248 core:CurrentFinancialInstruments core:WithinOneYear 2023-09-30 09802248 core:UKTax 2022-10-01 2023-09-30 iso4217:GBP xbrli:pure

Registration number: 09802248

Persimmon Property Ltd

Unaudited Filleted Financial Statements

for the Period from 1 October 2023 to 31 October 2024

 

Persimmon Property Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

Persimmon Property Ltd

Company Information

Directors

G de Wardener

E Tavakoli

Registered office

277 - 279 Chiswick High Road
London
W4 4PU

Accountants

Flintham Mackenzie Limited
Chartered Accountants
277 - 279 Chiswick High Road
London
W4 4PU

 

Persimmon Property Ltd

(Registration number: 09802248)
Balance Sheet as at 31 October 2024

Note

2024
£

2023
£

Fixed assets

 

Investment property

5

-

400,000

Current assets

 

Debtors

6

318

-

Cash at bank and in hand

 

9

50,758

 

327

50,758

Creditors: Amounts falling due within one year

7

-

(393,553)

Net current assets/(liabilities)

 

327

(342,795)

Total assets less current liabilities

 

327

57,205

Provisions for liabilities

-

(17,400)

Net assets

 

327

39,805

Capital and reserves

 

Called up share capital

100

100

Revaluation reserve

-

72,443

Retained earnings

227

(32,738)

Shareholders' funds

 

327

39,805

For the financial period ending 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 6 November 2024 and signed on its behalf by:
 

.........................................
G de Wardener
Director

 

Persimmon Property Ltd

Notes to the Unaudited Financial Statements for the Period from 1 October 2023 to 31 October 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
277 - 279 Chiswick High Road
London
W4 4PU

These financial statements were authorised for issue by the Board on 6 November 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Persimmon Property Ltd

Notes to the Unaudited Financial Statements for the Period from 1 October 2023 to 31 October 2024

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Motor vehicle

33% on cost

Furniture & fittings

25% on cost

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.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

 

Persimmon Property Ltd

Notes to the Unaudited Financial Statements for the Period from 1 October 2023 to 31 October 2024

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 0 (2023 - 0).

4

Tangible assets

Fixtures and fittings
£

Total
£

Cost or valuation

At 1 October 2023

468

468

At 31 October 2024

468

468

Depreciation

At 1 October 2023

468

468

At 31 October 2024

468

468

Carrying amount

At 31 October 2024

-

-

5

Investment properties

2024
£

At 1 October

400,000

Disposals

(400,000)

At 31 October

-

6

Debtors

Current

2024
£

2023
£

Other debtors

318

-

 

318

-

 

Persimmon Property Ltd

Notes to the Unaudited Financial Statements for the Period from 1 October 2023 to 31 October 2024

7

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Taxation and social security

-

3,347

Accruals and deferred income

-

1,800

Other creditors

-

388,406

-

393,553

8

Taxation

Tax charged/(credited) in the profit and loss account

2024
£

2023
£

Current taxation

UK corporation tax

33,286

3,347

Deferred taxation

Arising from origination and reversal of timing differences

1,700

(2,300)

Tax expense in the income statement

34,986

1,047