Registered number
13624500
R Perrin Properties Limited
Filleted Accounts
30 September 2024
Adams Root Limited t/a Adams Root & Associates
Chartered Certified Accountants
Bristol
R Perrin Properties Limited
Registered number: 13624500
Balance Sheet
as at 30 September 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 931,135 931,135
Current assets
Cash at bank and in hand 3,593 -
Creditors: amounts falling due within one year 4 (282,982) (284,232)
Net current liabilities (279,389) (284,232)
Total assets less current liabilities 651,746 646,903
Creditors: amounts falling due after more than one year 5 (658,465) (658,465)
Net liabilities (6,719) (11,562)
Capital and reserves
Called up share capital 4 4
Profit and loss account (6,723) (11,566)
Shareholders' funds (6,719) (11,562)
The financial statements have been prepared on a going concern basis, the applicability of which is dependant upon the continued support of the company's creditors and financiers. At the balance sheet date, the company's liabilities exceeded its assets by £ 11,562 (2022 - £ 11,793. In the opinion of the director, the company has the support of its creditors and financiers for the foreseeable future and it is therefore appropriate to adopt the going concern policy.
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.
P Hares
Director
Approved by the board on 11 June 2025
R Perrin Properties Limited
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. However in the view of the directors, the value of the properties are at least equal to the historical cost, hence no depreciation has been included.
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.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Land and buildings
£
Cost
At 1 October 2023 931,135
At 30 September 2024 931,135
Depreciation
At 30 September 2024 -
Net book value
At 30 September 2024 931,135
At 30 September 2023 931,135
4 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts - 1,250
Other creditors 282,982 282,982
282,982 284,232
5 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 658,465 658,465
6 Loans 2024 2023
£ £
Creditors include:
Secured bank loans 658,465 658,465
The company has secured the mortgages by granting legal charges over the properties.
7 Other information
R Perrin Properties Limited is a private company limited by shares and incorporated in England. Its registered office is:
11 Hartington Park
Redland
Bristol
BS6 7ES
R Perrin Properties Limited 13624500 false 2023-10-01 2024-09-30 2024-09-30 VT Final Accounts April 2025 P Hares No description of principal activity 13624500 2022-10-01 2023-09-30 13624500 core:WithinOneYear 2023-09-30 13624500 core:AfterOneYear 2023-09-30 13624500 core:ShareCapital 2023-09-30 13624500 core:RetainedEarningsAccumulatedLosses 2023-09-30 13624500 2023-10-01 2024-09-30 13624500 bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 13624500 bus:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 13624500 bus:Director40 2023-10-01 2024-09-30 13624500 1 2023-10-01 2024-09-30 13624500 2 2023-10-01 2024-09-30 13624500 countries:England 2023-10-01 2024-09-30 13624500 bus:FRS102 2023-10-01 2024-09-30 13624500 bus:FilletedAccounts 2023-10-01 2024-09-30 13624500 2024-09-30 13624500 core:WithinOneYear 2024-09-30 13624500 core:AfterOneYear 2024-09-30 13624500 core:ShareCapital 2024-09-30 13624500 core:RetainedEarningsAccumulatedLosses 2024-09-30 13624500 core:LandBuildings 2024-09-30 13624500 2023-09-30 13624500 core:LandBuildings 2023-09-30 iso4217:GBP xbrli:pure