Registered number
02224709
Periwinkle Developments Limited
Filleted Accounts
31 July 2024
Periwinkle Developments Limited
Registered number: 02224709
Balance Sheet
as at 31 July 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 343 6,980
Investments 4 165,000 165,000
165,343 171,980
Current assets
Debtors 5 98 98
Cash at bank and in hand 40,513 33,125
40,611 33,223
Creditors: amounts falling due within one year 6 (7,730) (7,521)
Net current assets 32,881 25,702
Total assets less current liabilities 198,224 197,682
Provisions for liabilities (14,148) (14,148)
Net assets 184,076 183,534
Capital and reserves
Called up share capital 100 100
Profit and loss account 183,976 183,434
Shareholders' funds 184,076 183,534
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account and the director's report have not been delivered to the Registrar of Companies.
C Keam-George
Director
Approved by the board on 29 November 2024
Periwinkle Developments Limited
Notes to the Accounts
for the year ended 31 July 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rental of property, and is recognised in the accounts when the monthly rental income is due.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Motor Vehicles over 5 years
Fixtures, fittings, tools and equipment 25% reducing balance
Investments
The investments relate to property held for commercial rental purposes. The director considers that the revalued cost stated is equivalent to the current fair value. The property is in need of structural repair and the valuation reflects the potential costs involved.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price).
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. Deferred tax is recognised in respect of timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Deferred tax has been provided for on gains arising from the revaluation of investment property and 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. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 August 2023 454 34,830 35,284
Additions 458 - 458
Disposals (454) - (454)
At 31 July 2024 458 34,830 35,288
Depreciation
At 1 August 2023 440 27,864 28,304
Charge for the year 115 6,966 7,081
On disposals (440) - (440)
At 31 July 2024 115 34,830 34,945
Net book value
At 31 July 2024 343 - 343
At 31 July 2023 14 6,966 6,980
4 Investments
Other
investments
£
Cost
At 1 August 2023 165,000
At 31 July 2024 165,000
5 Debtors 2024 2023
£ £
Other debtors 98 98
6 Creditors: amounts falling due within one year 2024 2023
£ £
Director's loan account 632 414
Taxation and social security costs 2,848 2,857
Other creditors 4,250 4,250
7,730 7,521
7 Other information
Periwinkle Developments Limited is a private company limited by shares and incorporated in England. Its registered office is:
Central House
124 High Street
Hampton Hill
Middlesex
TW12 1NS
Periwinkle Developments Limited 02224709 false 2023-08-01 2024-07-31 2024-07-31 VT Final Accounts July 2024 C Keam-George No description of principal activity 02224709 2022-08-01 2023-07-31 02224709 core:WithinOneYear 2023-07-31 02224709 core:ShareCapital 2023-07-31 02224709 core:RetainedEarningsAccumulatedLosses 2023-07-31 02224709 2023-08-01 2024-07-31 02224709 bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 02224709 bus:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 02224709 bus:Director40 2023-08-01 2024-07-31 02224709 1 2023-08-01 2024-07-31 02224709 2 2023-08-01 2024-07-31 02224709 core:PlantMachinery 2023-08-01 2024-07-31 02224709 core:Vehicles 2023-08-01 2024-07-31 02224709 countries:England 2023-08-01 2024-07-31 02224709 bus:FRS102 2023-08-01 2024-07-31 02224709 bus:FilletedAccounts 2023-08-01 2024-07-31 02224709 2024-07-31 02224709 core:WithinOneYear 2024-07-31 02224709 core:ShareCapital 2024-07-31 02224709 core:RetainedEarningsAccumulatedLosses 2024-07-31 02224709 core:PlantMachinery 2024-07-31 02224709 core:Vehicles 2024-07-31 02224709 2023-07-31 02224709 core:PlantMachinery 2023-07-31 02224709 core:Vehicles 2023-07-31 iso4217:GBP xbrli:pure