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Registration number: 04424957

Perin (UK) Limited

Unaudited Filleted Financial Statements

for the Period from 1 August 2023 to 31 January 2025

 

Perin (UK) Limited

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 5

 

Perin (UK) Limited

(Registration number: 04424957)
Balance Sheet as at 31 January 2025

Note

2025
£

2023
£

Fixed assets

 

Investment property

4

-

442,000

Current assets

 

Debtors

5

-

315

Cash at bank and in hand

 

507

2,235

 

507

2,550

Creditors: Amounts falling due within one year

6

(5,271)

(374,175)

Net current liabilities

 

(4,764)

(371,625)

Net (liabilities)/assets

 

(4,764)

70,375

Capital and reserves

 

Called up share capital

7

100

100

Other reserves

-

9,754

Retained earnings

(4,864)

60,521

Shareholders' (deficit)/funds

 

(4,764)

70,375

For the financial period ending 31 January 2025 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 period 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the Directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 3 July 2025 and signed on its behalf by:
 

.........................................
K Mistry
Director

 

Perin (UK) Limited

Notes to the Unaudited Financial Statements for the Period from 1 August 2023 to 31 January 2025

1

General information

The Company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
18 Fakenham Close
Mill Hill
London
NW7 2SD

These financial statements were authorised for issue by the Board on 3 July 2025.

2

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 - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

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.

The financial statements have been prepared for the individual entity and are presented in sterling and rounded to the nearest whole pound.

Disclosure of long or short period

The current accounting period has been extended and reports an 18 month period to 31 January 2025. As the prior period relates to twelve months, the comparatives are not entirely comparable.

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.

Tax

The tax expense for the period comprises tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Perin (UK) Limited

Notes to the Unaudited Financial Statements for the Period from 1 August 2023 to 31 January 2025

Tangible assets

Tangible assets are stated in the statement of financial position 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 and Machinery

15% reducing balance

Investment Properties

No depreciation

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

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.

Defined contribution pension obligation

The company makes contribution into its employees personal pension scheme. Contributions are recognised in the profit and loss account in the period in which they become payable in accordance with the rules of the scheme.
A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the Company (including Directors) during the period, was 2 (2023 - 2).

 

Perin (UK) Limited

Notes to the Unaudited Financial Statements for the Period from 1 August 2023 to 31 January 2025

4

Investment properties

2025
£

At 1 August

442,000

Disposals

(392,000)

Fair value adjustments

(50,000)

At 31 January

-

The fair value of the companies investment properties was previously revalued on 31st July 2023. The basis of valuation is open market value. Had this class of asset been measured on a historical cost basis, the carrying amount at the revaluation date would have been £432,245. All properties have now been disposed of.

There has been no valuation of investment property by an independent valuer.

5

Debtors

Current

2025
£

2023
£

Prepayments

-

315

 

-

315

 

Perin (UK) Limited

Notes to the Unaudited Financial Statements for the Period from 1 August 2023 to 31 January 2025

6

Creditors

Creditors: amounts falling due within one year

Note

2025
£

2023
£

Due within one year

 

Loans and borrowings

8

3,296

365,749

Taxation and social security

 

-

1,671

Accruals and deferred income

 

1,975

6,755

 

5,271

374,175

7

Share capital

Allotted, called up and fully paid shares

2025

2023

No.

£

No.

£

Ordinary A of £1 each

50

50

50

50

Ordinary B of £1 each

50

50

50

50

100

100

100

100

8

Loans and borrowings

Current loans and borrowings

2025
£

2023
£

Other borrowings

3,296

365,749

9

Dividends

Interim dividends paid

2025
£

2023
£

Interim dividend of £10.00 (2023 - £20.00) per each Ordinary A

500

1,000

Interim dividend of £10.00 (2023 - £20.00) per each Ordinary B

500

1,000

1,000

2,000