IRIS Accounts Production v24.3.2.46 03670048 Board of Directors 1.4.23 31.3.24 31.3.24 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh036700482023-03-31036700482024-03-31036700482023-04-012024-03-31036700482022-03-31036700482022-04-012023-03-31036700482023-03-3103670048ns15:EnglandWales2023-04-012024-03-3103670048ns14:PoundSterling2023-04-012024-03-3103670048ns10:Director12023-04-012024-03-3103670048ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3103670048ns10:SmallEntities2023-04-012024-03-3103670048ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3103670048ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3103670048ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3103670048ns10:AbridgedAccounts2023-04-012024-03-3103670048ns10:Director22023-04-012024-03-3103670048ns10:RegisteredOffice2023-04-012024-03-3103670048ns5:CurrentFinancialInstruments2024-03-3103670048ns5:CurrentFinancialInstruments2023-03-3103670048ns5:Non-currentFinancialInstruments2024-03-3103670048ns5:Non-currentFinancialInstruments2023-03-3103670048ns5:ShareCapital2024-03-3103670048ns5:ShareCapital2023-03-3103670048ns5:RetainedEarningsAccumulatedLosses2024-03-3103670048ns5:RetainedEarningsAccumulatedLosses2023-03-3103670048ns5:Secured2024-03-3103670048ns5:Secured2023-03-31
REGISTERED NUMBER: 03670048 (England and Wales)





UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

PERSONA (NORTH WEST) LIMITED

PERSONA (NORTH WEST) LIMITED (REGISTERED NUMBER: 03670048)

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










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


PERSONA (NORTH WEST) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: P Bond
Mrs J Bond





REGISTERED OFFICE: 7A Elephant Lane
Thatto Heath
St Helens
Merseyside
WA9 5QQ





REGISTERED NUMBER: 03670048 (England and Wales)





ACCOUNTANTS: Mattocks Grindley
18 Mulberry Avenue
Turnstone Park
Widnes
Cheshire
WA8 0WN

PERSONA (NORTH WEST) LIMITED (REGISTERED NUMBER: 03670048)

ABRIDGED BALANCE SHEET
31 MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 13,156 17,406
Investment property 5 3,769,503 3,769,503
3,782,659 3,786,909

CURRENT ASSETS
Debtors 1,151,279 871,279
Cash at bank 42,803 405,888
1,194,082 1,277,167
CREDITORS
Amounts falling due within one year 525,013 588,567
NET CURRENT ASSETS 669,069 688,600
TOTAL ASSETS LESS CURRENT LIABILITIES 4,451,728 4,475,509

CREDITORS
Amounts falling due after more than one
year

(218,092

)

(269,603

)

PROVISIONS FOR LIABILITIES (334,557 ) (335,619 )
NET ASSETS 3,899,079 3,870,287

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 3,898,979 3,870,187
SHAREHOLDERS' FUNDS 3,899,079 3,870,287

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.

PERSONA (NORTH WEST) LIMITED (REGISTERED NUMBER: 03670048)

ABRIDGED BALANCE SHEET - continued
31 MARCH 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 March 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4 March 2025 and were signed on its behalf by:





P Bond - Director


PERSONA (NORTH WEST) LIMITED (REGISTERED NUMBER: 03670048)

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


1. STATUTORY INFORMATION

Persona (North West) 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

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.

Turnover
During the year ended 31 March 2024, the turnover is rental income, which is exclusive of VAT where applicable and is accounted for on an accruals basis.

Tangible fixed assets
Tangible fixed assets under the cost model, other than investment properties, are stated at historical cost less accumulated depreciation and any accumulated impairment losses.Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of the assets less their residual value over their estimated useful lives.

Depreciation is provided on the following basis:

Motor vehicles 25% reducing balance
Fixtures & Fittings 10% straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Statement of Comprehensive Income.

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.


PERSONA (NORTH WEST) LIMITED (REGISTERED NUMBER: 03670048)

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


2. ACCOUNTING POLICIES - continued
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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2023
and 31 March 2024 698,202
DEPRECIATION
At 1 April 2023 680,796
Charge for year 4,250
At 31 March 2024 685,046
NET BOOK VALUE
At 31 March 2024 13,156
At 31 March 2023 17,406

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 3,769,503
NET BOOK VALUE
At 31 March 2024 3,769,503
At 31 March 2023 3,769,503

PERSONA (NORTH WEST) LIMITED (REGISTERED NUMBER: 03670048)

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


5. INVESTMENT PROPERTY - continued

Property valuation

The directors have not obtained revaluations of the properties during the year. In the opinion of the directors the revaluation costs outweigh the benefits associated with doing this. The directors do not believe that there has been a material change in the value of the rest of the property portfolio. The valuations of the portfolio have therefore become those of the directors who are not professionally qualified.

6. SECURED DEBTS

The following secured debts are included within creditors:

31.3.24 31.3.23
£    £   
Bank loans 266,425 317,936

The bank loan and overdraft are secured with a first legal charge over the investment properties of the company and a debenture over the company.