Acorah Software Products - Accounts Production 16.3.350 false true 30 April 2023 1 May 2022 false 1 May 2023 30 April 2024 30 April 2024 07267161 Mrs Clare Pascoe Mr Grahame Pascoe iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07267161 2023-04-30 07267161 2024-04-30 07267161 2023-05-01 2024-04-30 07267161 frs-core:CurrentFinancialInstruments 2024-04-30 07267161 frs-core:Non-currentFinancialInstruments 2024-04-30 07267161 frs-core:NetGoodwill 2024-04-30 07267161 frs-core:NetGoodwill 2023-05-01 2024-04-30 07267161 frs-core:NetGoodwill 2023-04-30 07267161 frs-core:RevaluationReserve 2023-04-30 07267161 frs-core:RevaluationReserve 2024-04-30 07267161 frs-core:SharePremium 2024-04-30 07267161 frs-core:ShareCapital 2024-04-30 07267161 frs-core:RetainedEarningsAccumulatedLosses 2024-04-30 07267161 frs-bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 07267161 frs-bus:FilletedAccounts 2023-05-01 2024-04-30 07267161 frs-bus:SmallEntities 2023-05-01 2024-04-30 07267161 frs-bus:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 07267161 frs-bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 07267161 frs-core:CostValuation 2023-04-30 07267161 frs-core:CostValuation 2024-04-30 07267161 frs-core:ProvisionsForImpairmentInvestments 2023-04-30 07267161 frs-core:ProvisionsForImpairmentInvestments 2024-04-30 07267161 frs-bus:Director1 2023-05-01 2024-04-30 07267161 frs-bus:Director2 2023-05-01 2024-04-30 07267161 frs-countries:EnglandWales 2023-05-01 2024-04-30 07267161 2022-04-30 07267161 2023-04-30 07267161 2022-05-01 2023-04-30 07267161 frs-core:CurrentFinancialInstruments 2023-04-30 07267161 frs-core:Non-currentFinancialInstruments 2023-04-30 07267161 frs-core:RevaluationReserve 2023-04-30 07267161 frs-core:SharePremium 2023-04-30 07267161 frs-core:ShareCapital 2023-04-30 07267161 frs-core:RetainedEarningsAccumulatedLosses 2023-04-30
Registered number: 07267161
Perrins Bakeries Limited
Unaudited Financial Statements
For The Year Ended 30 April 2024
THB LLP
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 07267161
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 90,123 102,698
Investment Properties 5 2,527,560 2,091,810
Investments 6 2 2
2,617,685 2,194,510
CURRENT ASSETS
Debtors 7 632,844 614,554
Cash at bank and in hand 46,126 12,688
678,970 627,242
Creditors: Amounts Falling Due Within One Year 8 (434,058 ) (436,018 )
NET CURRENT ASSETS (LIABILITIES) 244,912 191,224
TOTAL ASSETS LESS CURRENT LIABILITIES 2,862,597 2,385,734
Creditors: Amounts Falling Due After More Than One Year 9 (1,398,504 ) (776,519 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (223,494 ) (223,494 )
NET ASSETS 1,240,599 1,385,721
CAPITAL AND RESERVES
Called up share capital 10 1,000 1,000
Share premium account 179,000 179,000
Revaluation reserve 11 1,134,337 1,134,337
Profit and Loss Account (73,738 ) 71,384
SHAREHOLDERS' FUNDS 1,240,599 1,385,721
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Page 2
For the year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mrs Clare Pascoe
Director
Mr Grahame Pascoe
Director
26/04/2025
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Perrins Bakeries Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07267161 . The registered office is Cross Lanes, Clandon Road, Guildford, Surrey, GU4 7UW.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of .... years.
2.4. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
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4. Intangible Assets
Goodwill
£
Cost
As at 1 May 2023 251,510
As at 30 April 2024 251,510
Amortisation
As at 1 May 2023 148,812
Provided during the period 12,575
As at 30 April 2024 161,387
Net Book Value
As at 30 April 2024 90,123
As at 1 May 2023 102,698
5. Investment Property
2024
£
Fair Value
As at 1 May 2023 2,091,810
Additions 435,750
As at 30 April 2024 2,527,560
6. Investments
Other
£
Cost
As at 1 May 2023 2
As at 30 April 2024 2
Provision
As at 1 May 2023 -
As at 30 April 2024 -
Net Book Value
As at 30 April 2024 2
As at 1 May 2023 2
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 17,991 -
Amounts owed by participating interests 614,554 614,554
Other debtors 299 -
632,844 614,554
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8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 8,652 360
Amounts owed to group undertakings 307,054 305,332
Other creditors 118,116 122,004
Taxation and social security 236 8,322
434,058 436,018
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 1,398,504 776,519
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1,000 1,000
11. Reserves
Revaluation Reserve
£
As at 1 May 2023 1,134,337
As at 30 April 2024 1,134,337
12. Related Party Transactions
At the year end company owed an amount of £86,034 (2023 : £60,128) to its directors.
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