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REGISTERED NUMBER: 03506587 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 October 2024

for

PERDISWELL MILLENIUM PARK LIMITED

PERDISWELL MILLENIUM PARK LIMITED (REGISTERED NUMBER: 03506587)






Contents of the Financial Statements
FOR THE YEAR ENDED 31 OCTOBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PERDISWELL MILLENIUM PARK LIMITED

Company Information
FOR THE YEAR ENDED 31 OCTOBER 2024







DIRECTORS: D.M. Misters
Mrs K Ruff





REGISTERED OFFICE: 2 Eden Court
Bath Road
Worcester
Worcestershire
WR5 3DL





REGISTERED NUMBER: 03506587 (England and Wales)





ACCOUNTANTS: Clifton-Crick Sharp & Co. Ltd
Chartered Accountants
40 High Street
Pershore
Worcestershire
WR10 1DP

PERDISWELL MILLENIUM PARK LIMITED (REGISTERED NUMBER: 03506587)

Balance Sheet
31 OCTOBER 2024

31.10.24 31.10.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 122,676 153,114
Investment property 5 4,156,000 6,750,000
4,278,676 6,903,114

CURRENT ASSETS
Debtors 6 821,996 845,059
Cash at bank 1,141,392 847,418
1,963,388 1,692,477
CREDITORS
Amounts falling due within one year 7 439,480 391,073
NET CURRENT ASSETS 1,523,908 1,301,404
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,802,584

8,204,518

PROVISIONS FOR LIABILITIES 8 436,000 954,245
NET ASSETS 5,366,584 7,250,273

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 9 1,745,350 4,339,350
Retained earnings 9 3,621,134 2,910,823
SHAREHOLDERS' FUNDS 5,366,584 7,250,273

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

PERDISWELL MILLENIUM PARK LIMITED (REGISTERED NUMBER: 03506587)

Balance Sheet - continued
31 OCTOBER 2024


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 March 2025 and were signed on its behalf by:





D.M. Misters - Director


PERDISWELL MILLENIUM PARK LIMITED (REGISTERED NUMBER: 03506587)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 OCTOBER 2024

1. STATUTORY INFORMATION

Perdiswell Millenium Park 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 as modified by the revaluation of certain assets.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 2% on cost
Plant and machinery - 15% on cost

Investment property
Investment properties are properties held to earn rentals and/or for capital appreciation. Investment properties are initially measured at cost, including transaction costs. Subsequently investment properties whose fair value can be measured reliably without undue cost or effort on an on-going basis are measured at fair value. Gains and losses arising from changes in the fair value of investment properties are included in profit or loss in the period in which they arise.

Investment properties whose fair value cannot be measured reliably without undue cost or effort on an ongoing basis are included in plant, property and equipment at cost less accumulated depreciation and accumulated impairment losses.

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.

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.

3. EMPLOYEES AND DIRECTORS

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

PERDISWELL MILLENIUM PARK LIMITED (REGISTERED NUMBER: 03506587)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 OCTOBER 2024

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 November 2023 3,590 821,673 131,827 - 957,090
Additions - - - 3,607 3,607
At 31 October 2024 3,590 821,673 131,827 3,607 960,697
DEPRECIATION
At 1 November 2023 3,590 767,429 32,957 - 803,976
Charge for year - 8,137 24,718 1,190 34,045
At 31 October 2024 3,590 775,566 57,675 1,190 838,021
NET BOOK VALUE
At 31 October 2024 - 46,107 74,152 2,417 122,676
At 31 October 2023 - 54,244 98,870 - 153,114

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 November 2023 6,750,000
Impairments (2,594,000 )
At 31 October 2024 4,156,000
NET BOOK VALUE
At 31 October 2024 4,156,000
At 31 October 2023 6,750,000

Fair value at 31 October 2024 is represented by:
£   
Valuation in 2019 4,302,350
Valuation in 2020 720,000
Valuation in 2023 (683,000 )
Valuation in 2024 (2,594,000 )
Cost 2,410,650
4,156,000

PERDISWELL MILLENIUM PARK LIMITED (REGISTERED NUMBER: 03506587)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 OCTOBER 2024

5. INVESTMENT PROPERTY - continued

If Perdiswell Millennium Park had not been revalued they would have been included at the following historical cost:

31.10.24 31.10.23
£    £   
Cost 2,624,983 2,624,983
Aggregate depreciation (214,333 ) (214,333 )

Investment property was valued on an open market basis on 31 October 2024 by the directors. .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Other debtors 818,773 818,773
Prepayments 3,223 26,286
821,996 845,059

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Tax 100,842 66,851
VAT 22,167 10,843
Other creditors 247,902 247,902
Accruals and deferred income 68,569 65,477
439,480 391,073

8. PROVISIONS FOR LIABILITIES
31.10.24 31.10.23
£    £   
Deferred tax 436,000 954,245

Deferred
tax
£   
Balance at 1 November 2023 954,245
Unused amounts reversed during year (518,245 )
Balance at 31 October 2024 436,000

A provision for deferred tax has been made under FRS 102 for the potential tax charge arising due to the revaluation of the investment property.

PERDISWELL MILLENIUM PARK LIMITED (REGISTERED NUMBER: 03506587)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 OCTOBER 2024

9. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 1 November 2023 2,910,823 4,339,350 7,250,173
Profit for the year 810,311 - 810,311
Dividends (100,000 ) - (100,000 )
Revaluation in year - (2,594,000 ) (2,594,000 )
At 31 October 2024 3,621,134 1,745,350 5,366,484