Company No: 13073411 (England and Wales)

Contents

• Company Information
• Balance Sheet
• Notes to the Financial Statements

Directors	J Servante
	K Servante

Registered office	42 Downsway
	Brighton
	BN2 6BD
	United Kingdom

Company number

13073411 (England and Wales)

	Note	2024		2023
		£		£
Fixed assets
Investment property	3	445,000		445,000
		445,000		445,000
Current assets
Debtors	4	1,000		1,000
Cash at bank and in hand		6,841		3,945
		7,841		4,945
Creditors: amounts falling due within one year	5	( 139,422)		( 140,349)
Net current liabilities		(131,581)		(135,404)
Total assets less current liabilities		313,419		309,596
Creditors: amounts falling due after more than one year	6	( 307,475)		( 307,475)
Net assets		5,944		2,121
Capital and reserves
Called-up share capital		100		100
Revaluation reserve		14,664		14,664
Profit and loss account		( 8,820 )		( 12,643 )
Total shareholders' funds		5,944		2,121

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 members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Peregrine Properties (Sussex) Limited (registered number: 13073411) were approved and authorised for issue by the Board of Directors on 28 September 2025. They were signed on its behalf by:

J Servante Director

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

Peregrine Properties (Sussex) Limited (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 42 Downsway, Brighton, BN2 6BD, 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. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable. Where a contract has only been partially completed at the Balance Sheet date turnover represents the fair value of the service provided to date based on the stage of completion of the contract activity at the Balance Sheet date. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

Finance costs

Finance costs are charged to the Profit and Loss Account over the term of the debt using the effective interest method so the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

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.

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.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

2. Employees

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

3. Investment property

	Investment property
	£
Valuation
As at 01 January 2024	445,000
As at 31 December 2024	445,000

Valuation

The valuations were made by the directors, on an open market value for existing use basis.

Historic cost

If the investment properties had been accounted for under the cost accounting rules, the properties would have been measured as follows:

	2024		2023
	£		£
Historic cost	430,336		430,336

4. Debtors

	2024		2023
	£		£
Other debtors	1,000		1,000

5. Creditors: amounts falling due within one year

	2024		2023
	£		£
Other creditors	139,422		140,349

6. Creditors: amounts falling due after more than one year

	2024		2023
	£		£
Bank loans (secured)	307,475		307,475

The company's leasehold property was secured by way of a charge with Charter Court Financial Services Limited.

7. Related party transactions

Other related party transactions

	2024		2023
	£		£
Directors loan	137,548		138,474

During the year the directors provided the company with an interest free loan which is repayable on demand.