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Company No: 10522704 (England and Wales)

PERRYMAN HOUSING AND DEVELOPMENT LTD

Unaudited Financial Statements
For the financial year ended 31 December 2024
Pages for filing with the registrar

PERRYMAN HOUSING AND DEVELOPMENT LTD

Unaudited Financial Statements

For the financial year ended 31 December 2024

Contents

PERRYMAN HOUSING AND DEVELOPMENT LTD

BALANCE SHEET

As at 31 December 2024
PERRYMAN HOUSING AND DEVELOPMENT LTD

BALANCE SHEET (continued)

As at 31 December 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 410,854 408,461
Investment property 4 242,302 242,302
653,156 650,763
Current assets
Stocks 5 378,281 695,800
Debtors
- due within one year 6 787,227 376,963
- due after more than one year 6 32,132 0
Cash at bank and in hand 1 0
1,197,641 1,072,763
Creditors: amounts falling due within one year 7 ( 1,676,109) ( 1,630,692)
Net current liabilities (478,468) (557,929)
Total assets less current liabilities 174,688 92,834
Provision for liabilities ( 5,461) ( 9,563)
Net assets 169,227 83,271
Capital and reserves
Called-up share capital 8 120 120
Profit and loss account 169,107 83,151
Total shareholder's funds 169,227 83,271

For the financial 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.

Directors' responsibilities:

The financial statements of Perryman Housing and Development Ltd (registered number: 10522704) were approved and authorised for issue by the Board of Directors on 19 August 2025. They were signed on its behalf by:

J E Perryman
Director
PERRYMAN HOUSING AND DEVELOPMENT LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2024
PERRYMAN HOUSING AND DEVELOPMENT LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Perryman Housing and Development Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Lowin House, Tregolls Road, Truro, TR1 2NA, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Revenue comprises the development and sale of properties and provision of property repair services, and is recognised as they are delivered.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a reducing balance basis over its expected useful life, as follows:

Land and buildings not depreciated
Plant and machinery etc. 15 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 1

3. Tangible assets

Land and buildings Plant and machinery etc. Total
£ £ £
Cost
At 01 January 2024 370,210 46,343 416,553
Additions 18,801 3,565 22,366
Disposals 0 ( 17,503) ( 17,503)
At 31 December 2024 389,011 32,405 421,416
Accumulated depreciation
At 01 January 2024 0 8,092 8,092
Charge for the financial year 0 5,604 5,604
Disposals 0 ( 3,134) ( 3,134)
At 31 December 2024 0 10,562 10,562
Net book value
At 31 December 2024 389,011 21,843 410,854
At 31 December 2023 370,210 38,251 408,461

4. Investment property

Investment property
£
Valuation
As at 01 January 2024 242,302
As at 31 December 2024 242,302

5. Stocks

2024 2023
£ £
Work in progress 378,281 695,800

6. Debtors

2024 2023
£ £
Debtors: amounts falling due within one year
Trade debtors 3,409 2,559
Other debtors 783,818 374,404
787,227 376,963
Debtors: amounts falling due after more than one year
Other debtors 32,132 0

7. Creditors: amounts falling due within one year

2024 2023
£ £
Bank overdrafts 0 590
Trade creditors 32,433 22,304
Amounts owed to directors 0 111,438
Accruals 3,315 3,119
Taxation and social security 46,680 15,108
Other creditors 1,593,681 1,478,133
1,676,109 1,630,692

8. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
120 Ordinary shares of £ 1.00 each 120 120

9. Related party transactions

Transactions with the entity's directors

2024 2023
£ £
P Perryman 23,602 (55,719)
J E Perryman 23,602 (55,719)
S D Perryman 9,471 3,040
D P Perryman 23,350 17,006
C C Perryman 1,448 1,193

The above balances relate to amounts owed to/(by) the company by the directors as at 31 December 2024. Interest has been charged at the HMRC official rates.

Other related party transactions

2024 2023
£ £
A2B Taxis (Truro) Limited (1,447,893) (1,337,297)
Newquay Airport Taxis Limited (145,480) (140,712)
Perryman Properties Cornwall Limited 3,285 22,403
P Perryman & Sons Limited 268,268 267,300
Perryman Leisure Cornwall Limited 429,601 59,940

The above balances relate to loans advanced to/from companies with common shareholders and directors as Perryman Housing and Development Limited.