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Registration number: 04545022

Perris@hollington Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 September 2024

 

Perris@hollington Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

Perris@hollington Limited

Company Information

Directors

Mrs Celia Joyce Perris

Mr M J Perris

Mr Stuart Perris

Company secretary

Mrs Celia Joyce Perris

Registered office

Hollington Farm
Woolton Hill
Newbury
Berkshire
RG20 9XN

Accountants

E J Business Consultants Limited
No 2 Toomers Wharf
Canal Walk
Newbury
RG14 1DY

 

Perris@hollington Limited

(Registration number: 04545022)
Balance Sheet as at 30 September 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

3

166,872

153,709

Current assets

 

Stocks

37,700

29,150

Debtors

9,778

1,546

Cash at bank and in hand

 

156,670

19,197

 

204,148

49,893

Creditors: Amounts falling due within one year

(248,882)

(101,221)

Net current liabilities

 

(44,734)

(51,328)

Total assets less current liabilities

 

122,138

102,381

Creditors: Amounts falling due after more than one year

(90,000)

(90,000)

Net assets

 

32,138

12,381

Capital and reserves

 

Called up share capital

4

100

100

Retained earnings

32,038

12,281

Shareholders' funds

 

32,138

12,381

For the financial year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 24 June 2025 and signed on its behalf by:
 

.........................................
Mr M J Perris
Director

 

Perris@hollington Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

1

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant & machinery

20% - reducing balance

Motor vehicles

20% - reducing balance

Office equipment

20% - reducing balance

Buildings

Not applicable

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

Perris@hollington Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

2

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2023 - 2).

 

Perris@hollington Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

3

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Motor vehicles
 £

Other tangible assets
£

Total
£

Cost or valuation

At 1 October 2023

116,804

-

34,551

128,608

279,963

Additions

23,000

458

-

4,350

27,808

Disposals

-

-

(16,551)

-

(16,551)

At 30 September 2024

139,804

458

18,000

132,958

291,220

Depreciation

At 1 October 2023

-

-

11,677

114,577

126,254

Charge for the year

-

69

2,880

3,222

6,171

Eliminated on disposal

-

-

(8,077)

-

(8,077)

At 30 September 2024

-

69

6,480

117,799

124,348

Carrying amount

At 30 September 2024

139,804

389

11,520

15,159

166,872

At 30 September 2023

116,804

-

22,874

14,031

153,709

Included within the net book value of land and buildings above is £139,804 (2023 - £116,804) in respect of freehold land and buildings.
 

 

Perris@hollington Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

4

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £1 each

100

100

100

100