REGISTERED NUMBER: 05169429 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2024

for

PERMAHOLD LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J C R Sellers RICS

T G Jensen

SECRETARY:

J Roddison FCA

REGISTERED OFFICE:

The Old Workshop

1 Ecclesall Road South

Sheffield

South Yorkshire

S11 9PA

REGISTERED NUMBER:

05169429 (England and Wales)

ACCOUNTANTS:

Brown McLeod Ltd

Chartered Accountants

The Old Workshop

1 Ecclesall Road South

Sheffield

S11 9PA

FIXED ASSETS

Tangible assets

4

1,902

2,213

Investment property

5

5,284,820

4,285,850

5,286,722

4,288,063

CURRENT ASSETS

Debtors

6

142,929

53,500

Cash at bank

62,823

164,883

205,752

218,383

CREDITORS

Amounts falling due within one year

7

647,879

178,230

NET CURRENT (LIABILITIES)/ASSETS

(442,127

)

40,153

TOTAL ASSETS LESS CURRENT LIABILITIES

4,844,595

4,328,216

CREDITORS

Amounts falling due after more than one year

8

(1,325,000

)

(1,325,000

)

PROVISIONS FOR LIABILITIES

(125,000

)

(60,184

)

NET ASSETS

3,394,595

2,943,032

CAPITAL AND RESERVES

Called up share capital

1,666,670

1,666,670

Fair value reserve

10

1,493,894

1,058,894

Retained earnings

234,031

217,468

SHAREHOLDERS' FUNDS

3,394,595

2,943,032

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

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 Board of Directors and authorised for issue on 20 September 2025 and were signed on its behalf by:

J C R Sellers RICS - Director

1.	STATUTORY INFORMATION

Permahold 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 as modified by the revaluation of certain assets.

Turnover

Turnover represents net invoiced rents, excluding value added tax.

Tangible fixed assets

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

Freehold property

-

not provided

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

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.

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

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 NIL (2023 - NIL).

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

property

machinery

fittings

Totals

£

£

£

£

COST

At 1 January 2024

and 31 December 2024

965

18,220

1,343

20,528

DEPRECIATION

At 1 January 2024

-

16,977

1,338

18,315

Charge for year

-

310

1

311

At 31 December 2024

-

17,287

1,339

18,626

NET BOOK VALUE

At 31 December 2024

965

933

4

1,902

At 31 December 2023

965

1,243

5

2,213

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2024

4,285,850

Additions

438,970

Revaluations

560,000

At 31 December 2024

5,284,820

NET BOOK VALUE

At 31 December 2024

5,284,820

At 31 December 2023

4,285,850

Fair value at 31 December 2024 is represented by:

£

Valuation in 2010

621,620

Valuation in 2011

(670,000

)

Valuation in 2012

(35,425

)

Valuation in 2014

280,000

Valuation in 2016

984,013

Valuation in 2018

(5,000

)

Valuation in 2019

(120,000

)

Valuation in 2021

307,236

Valuation in 2023

(107,356

)

Valuation in 2024

560,000

Cost

3,469,732

5,284,820

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

28,686

31,755

Other debtors

114,243

21,745

142,929

53,500

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade creditors

491,347

28,912

Taxation and social security

62,864

44,284

Other creditors

93,668

105,034

647,879

178,230

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans

1,325,000

1,325,000

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.12.24

31.12.23

£

£

Bank loans

1,325,000

1,325,000

10.

RESERVES

Fair

value

reserve

£

At 1 January 2024

1,058,894

Property revaluation

560,000

Deferred tax movement

(125,000

)

At 31 December 2024

1,493,894

11.	ULTIMATE CONTROLLING PARTY

The controlling party is Mrs S Jensen.