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REGISTERED NUMBER: 01080177 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2024

FOR

PERDEN LANDS LIMITED

PERDEN LANDS LIMITED (REGISTERED NUMBER: 01080177)






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


PERDEN LANDS LIMITED

COMPANY INFORMATION
for the Year Ended 31 October 2024







DIRECTORS: S Eden
Ms C Eden





SECRETARY: Ms C Eden





REGISTERED OFFICE: 15 Petworth Way
Hornchurch
Essex
RM12 4LR





REGISTERED NUMBER: 01080177 (England and Wales)





ACCOUNTANTS: KNIGHT WHEELER LIMITED
Chartered Accountants
54 Sun Street
Waltham Abbey
Essex
EN9 1EJ

PERDEN LANDS LIMITED (REGISTERED NUMBER: 01080177)

BALANCE SHEET
31 October 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 25 36
Investments 5 - 284,673
Investment property 6 940,000 940,000
940,025 1,224,709

CURRENT ASSETS
Debtors 7 1,596,349 1,752,544
Cash at bank 625,283 82,457
2,221,632 1,835,001
CREDITORS
Amounts falling due within one year 8 (76,711 ) (75,773 )
NET CURRENT ASSETS 2,144,921 1,759,228
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,084,946

2,983,937

CREDITORS
Amounts falling due after more than one
year

9

(50,000

)

-
NET ASSETS 3,034,946 2,983,937

CAPITAL AND RESERVES
Called up share capital 100,004 100,004
Retained earnings 2,934,942 2,883,933
SHAREHOLDERS' FUNDS 3,034,946 2,983,937

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.

PERDEN LANDS LIMITED (REGISTERED NUMBER: 01080177)

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 18 March 2025 and were signed on its behalf by:




S Eden - Director



Ms C Eden - Director


PERDEN LANDS LIMITED (REGISTERED NUMBER: 01080177)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 October 2024

1. STATUTORY INFORMATION

Perden Lands 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.

The financial statements are presented in sterling (£) which is also the functional currency for the company and rounded to the nearest £.

Turnover
Turnover represents rent receivable from property investment and the sale of development properties which are recognised when unconditional exchange of contracts is obtained.

Tangible fixed assets and depreciation
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on cost
Computer equipment - 33% on cost

Fixed asset investments
The company measures at fair value of its listed investments at the end of each accounting period reflecting any adjustment for fair value through the profit and loss account for the year.

Investment properties for which fair value can be measured reliably without undue cost or effort are measured at fair value at each reporting date with changes in fair value recognised in profit or loss.

The methods and significant assumptions used to ascertain the fair value at the balance sheet date and fair value movement included in the profit for the year are as follows:

The investment properties are revalued annually to fair value by company directors with periodic external open market valuations.

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.

PERDEN LANDS LIMITED (REGISTERED NUMBER: 01080177)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 October 2024

2. ACCOUNTING POLICIES - continued

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.

Cash and cash equivalents
Cash and cash equivalents in the balance sheet comprise cash at banks and in hand and any short term deposits.

Loans and borrowings
Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 November 2023
and 31 October 2024 59 791 850
DEPRECIATION
At 1 November 2023 24 790 814
Charge for year 11 - 11
At 31 October 2024 35 790 825
NET BOOK VALUE
At 31 October 2024 24 1 25
At 31 October 2023 35 1 36

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 November 2023 284,673
Disposals (284,673 )
At 31 October 2024 -
NET BOOK VALUE
At 31 October 2024 -
At 31 October 2023 284,673

PERDEN LANDS LIMITED (REGISTERED NUMBER: 01080177)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 October 2024

5. FIXED ASSET INVESTMENTS - continued

Cost or valuation at 31 October 2024 is represented by:

Other
investments
£   
Valuation in 2017 44,148
Valuation in 2018 (47,549 )
Valuation in 2019 54,323
Valuation in 2020 (71,683 )
Valuation in 2021 324,757
Valuation in 2022 (297,174 )
Valuation in 2023 5,552
Valuation in 0 (12,374 )

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 November 2023
and 31 October 2024 940,000
NET BOOK VALUE
At 31 October 2024 940,000
At 31 October 2023 940,000

Fair value at 31 October 2024 is represented by:
£   
Valuation in 2010 (374,096 )
Valuation in 2011 (555,000 )
Valuation in 2012 (228,680 )
Valuation in 2018 253,680
Valuation in 2023 (560,000 )
Cost 2,404,096
940,000

If the investment properties had not been revalued they would have been included at the following historical cost:

2024 2023
£    £   
Cost 1,903,179 1,903,179

The investment property was valued on an open market basis on 23 September 2023 by Jefferys Ltd .

7. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Other debtors 432,349 438,544

PERDEN LANDS LIMITED (REGISTERED NUMBER: 01080177)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 October 2024

7. DEBTORS - continued
2024 2023
£    £   
Amounts falling due after more than one year:
Other debtors 1,164,000 1,314,000

Aggregate amounts 1,596,349 1,752,544

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 41,552 40,614
Other creditors 35,159 35,159
76,711 75,773

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other creditors 50,000 -

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Other loans more 5yrs non-inst 50,000 -

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 October 2024 and 31 October 2023:

2024 2023
£    £   
S Eden
Balance outstanding at start of year 493,450 510,000
Amounts repaid (50,000 ) (16,550 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 443,450 493,450

Ms C Eden
Balance outstanding at start of year 398,450 415,000
Amounts repaid (50,000 ) (16,550 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 348,450 398,450

11. RELATED PARTY DISCLOSURES

During the year, total dividends of £32,040 (2023 - £82,040) were paid to the directors .