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REGISTERED NUMBER: 07325347 (England and Wales)

















PERIWINKLE ESTATES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2024






PERIWINKLE ESTATES LIMITED (REGISTERED NUMBER: 07325347)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024




Page

Balance Sheet 1

Notes to the Financial Statements 3


PERIWINKLE ESTATES LIMITED (REGISTERED NUMBER: 07325347)

BALANCE SHEET
30 NOVEMBER 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Investment property 4 450,000 350,000

CURRENT ASSETS
Debtors 5 525 519
Cash at bank 105,040 113,878
105,565 114,397
CREDITORS
Amounts falling due within one year 6 23,202 32,758
NET CURRENT ASSETS 82,363 81,639
TOTAL ASSETS LESS CURRENT
LIABILITIES

532,363

431,639

CREDITORS
Amounts falling due after more than one
year

7

(61,376

)

(75,054

)

PROVISIONS FOR LIABILITIES (32,550 ) (7,550 )
NET ASSETS 438,437 349,035

CAPITAL AND RESERVES
Called up share capital 9 2 2
Fair value reserve 10 136,456 69,006
Retained earnings 301,979 280,027
438,437 349,035

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

PERIWINKLE ESTATES LIMITED (REGISTERED NUMBER: 07325347)

BALANCE SHEET - continued
30 NOVEMBER 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 June 2025 and were signed on its behalf by:




T J Haywood - Director



Mrs R C Haywood - Director


PERIWINKLE ESTATES LIMITED (REGISTERED NUMBER: 07325347)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

1. STATUTORY INFORMATION

Periwinkle Estates Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 07325347

Registered office: Unit C2, Pierson Court
Knowl Piece
Wilbury Way
Hitchin
Hertfordshire
SG4 0TY

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
The directors have a reasonable expectation that the company will continue to operate for the foreseeable future and so these financial statements are prepared on the going concern basis.

Significant judgements and estimates
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date and the amounts reported for revenues and expenses during the year. However, the nature of estimation means that actual outcomes could differ from those estimates. In the Director's opinion, there are no significant judgements or key sources of estimation uncertainty.

Turnover
The company lets its investment property and turnover represents the rent received or receivable in the year; it excludes discounts, rebates, value added tax and other sales taxes.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Financial instruments
The company only enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Profit and Loss Account.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

PERIWINKLE ESTATES LIMITED (REGISTERED NUMBER: 07325347)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2024

2. ACCOUNTING POLICIES - continued

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 December 2023 350,000
Revaluations 100,000
At 30 November 2024 450,000
NET BOOK VALUE
At 30 November 2024 450,000
At 30 November 2023 350,000

Fair value at 30 November 2024 is represented by:
£   
Valuation in 2019 69,006
Valuation in 2024 100,000
Cost 280,994
450,000

If investment property had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 280,994 280,994

Investment property was valued on an open market basis on 30 November 2024 by the directors. .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 525 519

PERIWINKLE ESTATES LIMITED (REGISTERED NUMBER: 07325347)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts (see note 8) 13,262 12,714
Taxation and social security 8,407 18,386
Other creditors 1,533 1,658
23,202 32,758

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans (see note 8) 61,376 75,054

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 8,325 24,198

8. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank loans 13,262 12,714

Amounts falling due between one and two years:
Bank loans - 1-2 years 13,263 12,714

Amounts falling due between two and five years:
Bank loans - 2-5 years 39,788 38,142

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 8,325 24,198

The bank loan is secured by a fixed and floating charge over the companies assets.

PERIWINKLE ESTATES LIMITED (REGISTERED NUMBER: 07325347)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2024

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class
Nominal
Value

2024

2023
2 Ordinary 1 2
90 Ordinary A 0.01 0.9
90 Ordinary B 0.01 0.9
5 Ordinary C 0.01 0.05
5 Ordinary D 0.01 0.05
5 Ordinary E 0.01 0.05
5 Ordinary F 0.01 0.05
TOTAL 2 2

During the year there was a sub division of shares where the 2 Ordinary shares were split into six separate share classes Ordinary A-F as detailed above.

10. RESERVES
Fair
value
reserve
£   
At 1 December 2023 69,006
Fair value movements 100,000
Deferred tax movement (32,550 )

At 30 November 2024 136,456

11. RELATED PARTY DISCLOSURES

H.J Haywood & Sons Limited

A company in which T Haywood and R Haywood are both directors and shareholders.

During the year, the company was received rent amounting to £28,559 (2023: £26,180).