IRIS Accounts Production v24.3.2.46 14672828 Board of Directors 18.2.23 28.2.24 28.2.24 false true false false false true false Ordinary 1.00000 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh146728282023-02-17146728282024-02-28146728282023-02-182024-02-28146728282023-02-1714672828ns15:EnglandWales2023-02-182024-02-2814672828ns14:PoundSterling2023-02-182024-02-2814672828ns10:Director12023-02-182024-02-2814672828ns10:PrivateLimitedCompanyLtd2023-02-182024-02-2814672828ns10:SmallEntities2023-02-182024-02-2814672828ns10:AuditExempt-NoAccountantsReport2023-02-182024-02-2814672828ns10:SmallCompaniesRegimeForDirectorsReport2023-02-182024-02-2814672828ns10:SmallCompaniesRegimeForAccounts2023-02-182024-02-2814672828ns10:FullAccounts2023-02-182024-02-281467282812023-02-182024-02-2814672828ns10:OrdinaryShareClass12023-02-182024-02-2814672828ns10:OrdinaryShareClass112023-02-182024-02-2814672828ns10:Director22023-02-182024-02-2814672828ns10:Director32023-02-182024-02-2814672828ns10:RegisteredOffice2023-02-182024-02-2814672828ns5:CurrentFinancialInstruments2024-02-2814672828ns5:ShareCapital2024-02-2814672828ns5:RetainedEarningsAccumulatedLosses2024-02-2814672828ns5:DevelopmentCostsCapitalisedDevelopmentExpenditure2023-02-182024-02-2814672828ns5:DevelopmentCostsCapitalisedDevelopmentExpenditure2024-02-2814672828ns5:LeaseholdImprovements2023-02-182024-02-2814672828ns5:PlantMachinery2023-02-182024-02-2814672828ns5:FurnitureFittings2023-02-182024-02-2814672828ns5:LeaseholdImprovements2024-02-2814672828ns5:PlantMachinery2024-02-2814672828ns5:FurnitureFittings2024-02-2814672828ns5:AdditionsToInvestments2024-02-2814672828ns5:CostValuation2024-02-2814672828ns5:WithinOneYear2024-02-2814672828ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-02-2814672828ns5:BetweenOneFiveYears2024-02-2814672828ns5:AllPeriods2024-02-2814672828ns10:OrdinaryShareClass12024-02-28
REGISTERED NUMBER: 14672828 (England and Wales)












Unaudited Financial Statements

For The Period

18th February 2023 to 28th February 2024

for

Perigon Holdings Limited

Perigon Holdings Limited (Registered number: 14672828)






Contents of the Financial Statements
For The Period 18th February 2023 to 28th February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Perigon Holdings Limited

Company Information
For The Period 18th February 2023 to 28th February 2024







DIRECTORS: Miss R Bola
Miss H Bola
N Farrar





REGISTERED OFFICE: 26 Marrtree Business Park
Cedar Road
Sowerby
Thirsk
YO7 3FF





REGISTERED NUMBER: 14672828 (England and Wales)





ACCOUNTANTS: F E Metcalfe & Co Limited
Chartered Accountants
4 Old Market Place
Ripon
North Yorkshire
HG4 1EQ

Perigon Holdings Limited (Registered number: 14672828)

Balance Sheet
28th February 2024

Notes £ £
FIXED ASSETS
Intangible assets 4 13,119
Tangible assets 5 41,537
Investments 6 268,232
322,888

CURRENT ASSETS
Debtors 7 68,618
Cash at bank 2,022
70,640
CREDITORS
Amounts falling due within one year 8 398,025
NET CURRENT LIABILITIES (327,385 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(4,497

)

CAPITAL AND RESERVES
Called up share capital 10 150
Retained earnings (4,647 )
SHAREHOLDERS' FUNDS (4,497 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 28th February 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 28th February 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17th February 2025 and were signed on its behalf by:



Miss H Bola - Director


Perigon Holdings Limited (Registered number: 14672828)

Notes to the Financial Statements
For The Period 18th February 2023 to 28th February 2024

1. STATUTORY INFORMATION

Perigon Holdings 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.

2. ACCOUNTING POLICIES

General information and basis of preparation
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.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

The significant accounting policies applied in the preparation of these financial statements are set out below.

Preparation of consolidated financial statements
The financial statements contain information about Perigon Holdings Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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

Revenue is recognised on the despatch of goods, and services are recognised upon invoicing.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Research & Development Expenditure
Research expenditure is charged to profit and loss as incurred.

Development phase expenditure is capitalised as an intangible asset when the company can demonstrate that all of the following conditions has been met, the technical feasibility of completing the intangible asset so that it will be available for use or sale, the intention to complete the intangible asset and use or sell it, the ability to use or sell the intangible asset, that the intangible asset will generate future economic benefits, the availability of adequate technical, financial and other resources to complete the development and to use or sell the intangible asset, the ability to measure reliably the expenditure attributable to the intangible asset during its development.

Development costs are being amortised evenly over their estimated useful life of three years.

Perigon Holdings Limited (Registered number: 14672828)

Notes to the Financial Statements - continued
For The Period 18th February 2023 to 28th February 2024

2. ACCOUNTING POLICIES - continued

Tangible fixed assets
Tangible fixed assets are stated at cost or valuation less accumulated depreciation and accumulated impairment
losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated
residual value, of each asset on a systematic basis over its expected useful life as follows:

Improvements to property - 25% on cost
Plant and machinery - 25% on cost
Fixtures and fittings - 25% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at costs less impairment.

Taxation
Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the
current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax
rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax represents the future tax consequences of transactions and events recognised in the financial
statements of current and previous periods. It is recognised in respect of all timing differences, with certain
exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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.

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

Foreign currencies
Foreign currency transactions are initially recognised by applying to the foreign currency amount the spot
exchange rate between the functional currency and the foreign currency at the date of the transaction.

Monetary assets and liabilities denominated in a foreign currency at the balance sheet date are translated using the closing rate.

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at
transaction price. Any losses arising from impairment are recognised in the profit and loss account in other
administrative expenses.

Impairment
Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

Provisions
Provisions are recognised when the company has an obligation at the balance sheet date as a result of a past event, it is probable that an outflow of economic benefits will be required in settlement and the amount can be reliably estimated.

Perigon Holdings Limited (Registered number: 14672828)

Notes to the Financial Statements - continued
For The Period 18th February 2023 to 28th February 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 .

4. INTANGIBLE FIXED ASSETS
Development
costs
£
COST
Additions 14,100
At 28th February 2024 14,100
AMORTISATION
Amortisation for period 981
At 28th February 2024 981
NET BOOK VALUE
At 28th February 2024 13,119

5. TANGIBLE FIXED ASSETS
Fixtures
Improvements Plant and and
to property machinery fittings Totals
£ £ £ £
COST
Additions 6,483 26,860 10,984 44,327
At 28th February 2024 6,483 26,860 10,984 44,327
DEPRECIATION
Charge for period 488 1,364 938 2,790
At 28th February 2024 488 1,364 938 2,790
NET BOOK VALUE
At 28th February 2024 5,995 25,496 10,046 41,537

Perigon Holdings Limited (Registered number: 14672828)

Notes to the Financial Statements - continued
For The Period 18th February 2023 to 28th February 2024

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£
COST
Additions 268,232
At 28th February 2024 268,232
NET BOOK VALUE
At 28th February 2024 268,232

On the 7th June 2023, the company purchased 100% of the issued share capital of Alan Courtenay Limited. The company recorded the purchase as a fixed asset investment, which included associated acquisition costs of £68,232.

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£
Trade debtors 43,920
Other debtors 22,793
Social security and other tax 1,905
68,618

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£
Trade creditors 31,052
Amounts owed to subsidiary undertaking 220,802
Other creditors 35,520
Directors' current accounts 107,201
Accrued expenses 3,450
398,025

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
£
Within one year 75,976
Between one and five years 253,254
329,230

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal
value: £
150 Ordinary £1 150

150 Ordinary shares of £1 each were allotted and fully paid for cash at par during the period.