REGISTERED NUMBER: 09460158 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

Perrymead Estates Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

O M Wheatcroft

H E Kershaw

REGISTERED OFFICE:

The Business Workshop Roseway House

Wheatcroft Business Park

Landmere Lane

Nottingham

Nottinghamshire

NG12 4DG

REGISTERED NUMBER:

09460158 (England and Wales)

ACCOUNTANTS:

Duncan & Toplis Limited

Park House

37 Clarence Street

Leicester

Leicestershire

LE1 3RW

FIXED ASSETS

Tangible assets

4

58,573

78,095

Investments

5

-

-

Investment property

6

11,798,269

11,325,399

11,856,842

11,403,494

CURRENT ASSETS

Debtors

7

456,092

216,043

Cash at bank and in hand

3,194

21,956

459,286

237,999

CREDITORS

Amounts falling due within one year

8

(1,102,972

)

(353,685

)

NET CURRENT LIABILITIES

(643,686

)

(115,686

)

TOTAL ASSETS LESS CURRENT LIABILITIES

11,213,156

11,287,808

CREDITORS

Amounts falling due after more than one year

9

(9,370,115

)

(9,390,533

)

PROVISIONS FOR LIABILITIES

(515,022

)

(515,022

)

NET ASSETS

1,328,019

1,382,253

CAPITAL AND RESERVES

Called up share capital

100

100

Fair value reserve

1,195,812

1,195,812

Retained earnings

132,107

186,341

1,328,019

1,382,253

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 September 2025 and were signed on its behalf by:

O M Wheatcroft - Director

1.	STATUTORY INFORMATION

Perrymead Estates 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

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.

The financial statements have been prepared on a going concern basis, assuming the company will continue to trade. This assumption depends on the ability of the directors to maintain the necessary financial support.

Preparation of consolidated financial statements

The financial statements contain information about Perrymead Estates Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

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.

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost less any provision for impairment.

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 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.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 January 2024

and 31 December 2024

88,870

63,617

2,950

155,437

DEPRECIATION

At 1 January 2024

68,585

6,667

2,090

77,342

Charge for year

5,071

14,237

214

19,522

At 31 December 2024

73,656

20,904

2,304

96,864

NET BOOK VALUE

At 31 December 2024

15,214

42,713

646

58,573

At 31 December 2023

20,285

56,950

860

78,095

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 January 2024

and 31 December 2024

1

PROVISIONS

At 1 January 2024

and 31 December 2024

1

NET BOOK VALUE

At 31 December 2024

-

At 31 December 2023

-

Shares in subsidiary, Wheatcroft Spaces Limited, costing £1, have been fully impaired to a value of £NIL. The value of investment is reviewed on an annual basis by the directors.

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2024

11,325,399

Additions

472,870

At 31 December 2024

11,798,269

NET BOOK VALUE

At 31 December 2024

11,798,269

At 31 December 2023

11,325,399

The valuation of the investment properties has been completed by the directors as on 31 December 2024.

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

29,289

34,822

Other debtors

426,803

181,221

456,092

216,043

Other debtors includes prepayments and accrued income of £10,337 (2023 - £4,026).

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans and overdrafts

78,875

66,836

Hire purchase contracts

8,599

7,824

Trade creditors

478,235

32,700

Taxation and social security

(25,491

)

8,072

Other creditors

562,754

238,253

1,102,972

353,685

Other creditors includes accruals and deferred income of £77,756 (2023 - £88,766).

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans

4,196,951

4,218,770

Hire purchase contracts

48,173

56,772

Shareholder's loans

5,124,991

5,114,991

9,370,115

9,390,533

31.12.24

31.12.23

£

£

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more than 5 years

4,087,460

4,050,915

10.	SECURED DEBTS

The following secured debts are included within creditors:

31.12.24

31.12.23

£

£

Bank loans

4,275,826

4,285,606

Hire purchase contracts

56,772

64,596

4,332,598

4,350,202

Bank loans and HP agreements are secured by the way of fixed and floating charges over the company's assets.