Registered number
09796196
Peregrine & Black Investment Management Ltd
Filleted Accounts
30 September 2024
Peregrine & Black Investment Management Ltd
Registered number: 09796196
Balance Sheet
as at 30 September 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 4,673 5,550
Investments 4 100 100
4,773 5,650
Current assets
Debtors 5 420,242 184,307
Investments held as current assets 6 171,078 171,078
Cash at bank and in hand 3,767 48,419
595,087 403,804
Creditors: amounts falling due within one year 7 (212,401) (86,985)
Net current assets 382,686 316,819
Total assets less current liabilities 387,459 322,469
Creditors: amounts falling due after more than one year 8 (117,435) (72,237)
Net assets 270,024 250,232
Capital and reserves
Called up share capital 250,100 250,100
Profit and loss account 19,924 132
Shareholders' funds 270,024 250,232
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.
Mr Patrick Bullman
Director
Approved by the board on 22 January 2025
Peregrine & Black Investment Management Ltd
Notes to the Accounts
for the year ended 30 September 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:
Plant and machinery 20% wdv
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
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.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
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 13 13
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 October 2023 16,245
Additions 291
At 30 September 2024 16,536
Depreciation
At 1 October 2023 10,695
Charge for the year 1,168
At 30 September 2024 11,863
Net book value
At 30 September 2024 4,673
At 30 September 2023 5,550
4 Investments
Investments in
subsidiary
undertakings
£
Cost
At 1 October 2023 100
At 30 September 2024 100
A 100% Subsidiary , P&B Wealth Planning Ltd was incorporated on 17th April 2018.
5 Debtors 2024 2023
£ £
Trade debtors 88,247 76,908
Accrued income 193,598 85,827
Amounts owed by group undertakings and undertakings in which the company has a participating interest 70,676 -
Other debtors 67,721 21,572
420,242 184,307
6 Investments held as current assets 2024 2023
£ £
Fair value
Unlisted investments 171,078 171,078
7 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 98,932 8,874
Trade creditors 47,736 18,917
Amounts owed to group undertakings and undertakings in which the company has a participating interest - 15,366
Taxation and social security costs 50,675 35,600
Other creditors 15,058 8,228
212,401 86,985
8 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 117,435 24,332
Directors' loan account - 47,905
117,435 72,237
9 Other information
Peregrine & Black Investment Management Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Argyle House
3rd Floor Northside
Northwood Hills
London
HA6 1NW
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