REGISTERED NUMBER: 03058017 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 May 2024

for

Perryfield Properties Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

J T Gannon

REGISTERED OFFICE:

Unit 1, 317 Golden Hill Lane

Leyland

PR25 2YJ

REGISTERED NUMBER:

03058017 (England and Wales)

ACCOUNTANTS:

The Green Accountants

www.thegreenaccountants.com

FIXED ASSETS

Tangible assets

4

13,547

8,062

Investment property

5

4,590,023

4,590,023

4,603,570

4,598,085

CURRENT ASSETS

Debtors

6

1,572,956

1,388,279

Cash at bank

41,371

2,408

1,614,327

1,390,687

CREDITORS

Amounts falling due within one year

7

299,810

21,546

NET CURRENT ASSETS

1,314,517

1,369,141

TOTAL ASSETS LESS CURRENT LIABILITIES

5,918,087

5,967,226

CREDITORS

Amounts falling due after more than one year

8

2,421,346

2,412,007

NET ASSETS

3,496,741

3,555,219

CAPITAL AND RESERVES

Called up share capital

2

2

Fair value reserve

9

3,281,388

3,281,388

Retained earnings

215,351

273,829

3,496,741

3,555,219

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 August 2025 and were signed by:

J T Gannon - Director

1.	STATUTORY INFORMATION

Perryfield Properties Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Investment property

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

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Deferred tax

The company has not provided for deferred tax on the crystallisation of any revaluation surplus

If properties were sold at the revalued amounts the director estimates that the tax at 25% on the gain would be 2024 £820,347.09 (2023 £820,347.09)

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 June 2023

20,774

Additions

10,000

At 31 May 2024

30,774

DEPRECIATION

At 1 June 2023

12,712

Charge for year

4,515

At 31 May 2024

17,227

NET BOOK VALUE

At 31 May 2024

13,547

At 31 May 2023

8,062

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 June 2023

and 31 May 2024

4,590,023

NET BOOK VALUE

At 31 May 2024

4,590,023

At 31 May 2023

4,590,023

Investment property was revalued giving rise to a surplus of £0 (2023 £406,492)

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.24

31.5.23

£

£

Other debtors

1,572,956

1,388,279

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.24

31.5.23

£

£

Trade creditors

-

901

Taxation and social security

41,542

571

Other creditors

258,268

20,074

299,810

21,546

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.5.24

31.5.23

£

£

Bank loans

2,421,346

2,412,007

The bank loans are secured against the properties in the company's name by way of a fixed and floating charge.

9.

RESERVES

Fair

value

reserve

£

At 1 June 2023

and 31 May 2024

3,281,388