0 false false false false false false false false false false true false false false false true true No description of principal activity 2023-07-01 Sage Accounts Production Advanced 2023 - FRS102_2023 27,676,558 51,000 299,990 27,427,568 27,676,558 248,990 27,427,568 xbrli:pure xbrli:shares iso4217:USD 09267921 2023-07-01 2024-06-30 09267921 2024-06-30 09267921 2023-06-30 09267921 2022-07-01 2023-06-30 09267921 2023-06-30 09267921 2022-06-30 09267921 bus:Director4 2023-07-01 2024-06-30 09267921 core:WithinOneYear 2024-06-30 09267921 core:WithinOneYear 2023-06-30 09267921 core:ShareCapital 2024-06-30 09267921 core:ShareCapital 2023-06-30 09267921 core:RetainedEarningsAccumulatedLosses 2024-06-30 09267921 core:RetainedEarningsAccumulatedLosses 2023-06-30 09267921 core:CostValuation core:Non-currentFinancialInstruments 2023-06-30 09267921 core:AdditionsToInvestments core:Non-currentFinancialInstruments 2024-06-30 09267921 core:DisposalsRepaymentsInvestments core:Non-currentFinancialInstruments 2024-06-30 09267921 core:CostValuation core:Non-currentFinancialInstruments 2024-06-30 09267921 core:Non-currentFinancialInstruments core:ProvisionsForImpairmentInvestments 2023-06-30 09267921 core:ImpairmentLossProvisionsForImpairmentInvestments core:Non-currentFinancialInstruments 2024-06-30 09267921 core:Non-currentFinancialInstruments core:ProvisionsForImpairmentInvestments 2024-06-30 09267921 bus:SmallEntities 2023-07-01 2024-06-30 09267921 bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 09267921 bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 09267921 bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 09267921 bus:FullAccounts 2023-07-01 2024-06-30
COMPANY REGISTRATION NUMBER: 09267921
PERINTI LIMITED
Filleted Unaudited Financial Statements
30 June 2024
PERINTI LIMITED
Statement of Financial Position
30 June 2024
2024
2023
Note
$
$
Current assets
Debtors
5
2
2
Cash at bank and in hand
176
1,514
----
-------
178
1,516
Creditors: amounts falling due within one year
6
35,725,745
33,793,899
-------------
-------------
Net current liabilities
35,725,567
33,792,383
-------------
-------------
Total assets less current liabilities
( 35,725,567)
( 33,792,383)
-------------
-------------
Net liabilities
( 35,725,567)
( 33,792,383)
-------------
-------------
Capital and reserves
Called up share capital
2
2
Profit and loss account
( 35,725,569)
( 33,792,385)
-------------
-------------
Shareholders deficit
( 35,725,567)
( 33,792,383)
-------------
-------------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30 June 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 financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 6 December 2024 , and are signed on behalf of the board by:
MR Y. LE SAUX
Director
Company registration number: 09267921
PERINTI LIMITED
Notes to the Financial Statements
Year ended 30 June 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Cannon Place, 78 Cannon Street, London, EC4N 6AF.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss. The financial statements are prepared in USD, which is the functional currency of the entity.
Foreign currency translation
Functional and presentation currency
The company's functional and presentational currency is USD.
Transactions and balances
Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.
At each period end foreign currency monetary items are translated using the closing rate. Non­monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.
Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in the Statement of Comprehensive Income except when deferred in other comprehensive income as qualifying cash flow hedges.
Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of Comprehensive Income within 'finance income or costs'. All other foreign exchange gains and losses are presented in the Statement of Comprehensive Income within 'other operating income'.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Foreign currencies
Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Investments in associates
Investments in associates accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in associates accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the associate arising before or after the date of acquisition.
Investments in joint ventures
Investments in jointly controlled entities accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in jointly controlled entities accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the joint venture arising before or after the date of acquisition.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
4. Investments
Other investments other than loans
$
Cost
At 1 July 2023
27,676,558
Additions
51,000
Disposals
( 299,990)
-------------
At 30 June 2024
27,427,568
-------------
Impairment
At 1 July 2023
27,676,558
Impairment losses
( 248,990)
-------------
At 30 June 2024
27,427,568
-------------
Carrying amount
At 30 June 2024
-------------
At 30 June 2023
-------------
5. Debtors
2024
2023
$
$
Other debtors
2
2
----
----
6. Creditors: amounts falling due within one year
2024
2023
$
$
Trade creditors
7,150
1,037
Amounts owed to group undertakings and undertakings in which the company has a participating interest
35,683,347
33,617,166
Other creditors
35,248
175,696
-------------
-------------
35,725,745
33,793,899
-------------
-------------
7. Controlling party
The immediate parent company is SCDM Energy Limited, a company registered in the United Kingdom. The Company's ultimate parent undertaking is SCDM SAS, a company incorporated in France.