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Company Registration No. 03859588 (England and Wales)
Perseverance Works Freeholders Limited Unaudited accounts for the year ended 31 December 2024
Perseverance Works Freeholders Limited Unaudited accounts Contents
Page
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Perseverance Works Freeholders Limited Company Information for the year ended 31 December 2024
Directors
Mr John David Crisfield Mr Robert Danton Rees Mr Paul Edward King Mr Gavin Hale-Brown Mr Matt Lane
Secretary
Mr Paul Edward King
Company Number
03859588 (England and Wales)
Registered Office
9 Perseverance Works 38 Kingsland Road London E2 8DD England
Accountants
Sue Kowszun, Harlequin Accounting & Financial Services Ltd Bancroft, Mill Road West chiltington Pulborough West Sussex RH20 2PZ
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Perseverance Works Freeholders Limited Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
177,130 
180,117 
Investments
2 
- 
177,132 
180,117 
Current assets
Debtors
63,148 
10,406 
Cash at bank and in hand
251,005 
330,544 
314,153 
340,950 
Creditors: amounts falling due within one year
(7,426)
(28,263)
Net current assets
306,727 
312,687 
Net assets
483,859 
492,804 
Capital and reserves
Called up share capital
46 
46 
Share premium
171,958 
171,958 
Profit and loss account
311,855 
320,800 
Shareholders' funds
483,859 
492,804 
For the year ending 31 December 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 13 May 2025 and were signed on its behalf by
Mr Paul Edward King Director Company Registration No. 03859588
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Perseverance Works Freeholders Limited Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
Perseverance Works Freeholders Limited is a private company, limited by shares, registered in England and Wales, registration number 03859588. The registered office is 9 Perseverance Works, 38 Kingsland Road, London, E2 8DD, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% on cost
Fixtures & fittings
25% on reducing balance
Computer equipment
33% on cost
Group accounts exemption
The company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the company as an individual entity and not about its group.
Investments
Investments in shares are included at cost.
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Perseverance Works Freeholders Limited Notes to the Accounts for the year ended 31 December 2024
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 January 2024
164,894 
5,000 
51,026 
8,572 
229,492 
Additions
- 
- 
1,323 
- 
1,323 
At 31 December 2024
164,894 
5,000 
52,349 
8,572 
230,815 
Depreciation
At 1 January 2024
- 
5,000 
36,146 
8,229 
49,375 
Charge for the year
- 
- 
3,968 
342 
4,310 
At 31 December 2024
- 
5,000 
40,114 
8,571 
53,685 
Net book value
At 31 December 2024
164,894 
- 
12,235 
1 
177,130 
At 31 December 2023
164,894 
- 
14,880 
343 
180,117 
5
Investments
Subsidiary undertakings 
£ 
Valuation at 1 January 2024
- 
Additions
2 
Valuation at 31 December 2024
2 
During the year, Perseverance Works Freeholders Limited acquired 100% of the share capital of Perseverance Works Security Limited for £2.00. The principle activity of the subsidiary company is that of security at Perseverance Works. Accounts will be filed with the Registrar of Companies. A summary of the trading results for the year ended 31st December 2024 is shown below: Turnover £182,010 Cost of sales and administration costs - £172,220 Net Profit before tax £ 9,790 Taxation - £ 733 Retained profit £ 9,057 The assets and liabilities of the subsidiary were: Fixed assets £ 8,122 Current assets £111,376 Current liabilities -£ 14,005 Net assets £100.493
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Perseverance Works Freeholders Limited Notes to the Accounts for the year ended 31 December 2024
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
- 
107 
Trade debtors
56,220 
3,455 
Accrued income and prepayments
6,793 
6,815 
Other debtors
- 
29 
63,013 
10,406 
Amounts falling due after more than one year
Amounts due from group undertakings etc.
135 
- 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
2,055 
- 
Trade creditors
1,852 
3,775 
Taxes and social security
5 
2,529 
Other creditors
904 
17,019 
Accruals
2,610 
4,940 
7,426 
28,263 
8
Transactions with related parties
During the year, Perseverance Works Security Limited charged the Service Charge account £180,000 (2023: £170,000) for security services. In addition, £2,010 (2023: £1,690) was paid to Perseverance Works Security Limited for additional security during location shoots. Paul King (Director) charged the Service Charge account for general management services. During the year this amounted to £33,100 (2023: £33,000). Of this amount, £9,900 (2023: £10,275) was recharged to the Company.
9
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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