Registered number
SC716835
Perigon Partners Ltd
Filleted Accounts
31 December 2024
Perigon Partners Ltd
Registered number: SC716835
Balance Sheet
as at 31 December 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 62,256 4,153
Current assets
Debtors 4 41,975 35,157
Cash at bank and in hand 51,701 149,585
93,676 184,742
Creditors: amounts falling due within one year 5 (39,816) (84,338)
Net current assets 53,860 100,404
Total assets less current liabilities 116,116 104,557
Provisions for liabilities (11,829) (789)
Net assets 104,287 103,768
Capital and reserves
Called up share capital 100 100
Profit and loss account 104,187 103,668
Shareholders' funds 104,287 103,768
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 has not been delivered to the Registrar of Companies.
E Walford
Director
Approved by the board on 7 April 2025
Perigon Partners Ltd
Notes to the Accounts
for the year ended 31 December 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 sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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:
Computer equipment 33% Straight Line Method
Motor Vehicle 25% Straight Line Method
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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 reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 3 2
3 Tangible fixed assets
Computer Equipment Motor vehicles Total
£ £ £
Cost
At 1 January 2024 6,307 - 6,307
Additions - 80,245 80,245
At 31 December 2024 6,307 80,245 86,552
Depreciation
At 1 January 2024 2,154 - 2,154
Charge for the year 2,081 20,061 22,142
At 31 December 2024 4,235 20,061 24,296
Net book value
At 31 December 2024 2,072 60,184 62,256
At 31 December 2023 4,153 - 4,153
4 Debtors 2024 2023
£ £
Trade debtors 39,600 33,810
Prepayment 835 847
Other debtors - 500
CT Refund 1,540 -
41,975 35,157
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 20,368 7,440
Corporation tax - 54,945
Other social security costs 15,363 17,785
Other creditors 4,085 4,168
39,816 84,338
6 Other information
Perigon Partners Ltd is a private company limited by shares and incorporated in Scotland. Its registered office is:
C/O Melbarry Accountants
30/5 Hardengreen Industrial Estate
Eskbank
Scotland
EH22 3NX
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