ACCOUNTS - Final Accounts

Registered number: 00733312

PERBURY (DEVELOPMENTS) LIMITED

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2025

PERBURY (DEVELOPMENTS) LIMITED

REGISTERED NUMBER: 00733312

BALANCE SHEET

AS AT 31 MARCH 2025

		2025		2024
Note		£		£


Current assets
Stocks	4	104,947		104,947
Debtors	5	8,416		15,482
Cash at bank and in hand	6	241,205		250,833
		354,568		371,262
Current liabilities
Creditors: amounts falling due within one year	7	(51,050)		(56,581)
Net current assets			303,518		314,681
Net assets			303,518		314,681

Capital and reserves
Called up share capital	9	9,900	9,900
Profit and loss account		293,618	304,781
		303,518	314,681

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

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.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

N J Chase

Director

Date: 21 November 2025

The notes on pages 7 to 14 form part of these financial statements.

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PERBURY (DEVELOPMENTS) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

1.	General information

Perbury (Developments) Limited is a private company limited by shares, incorporated in England and Wales (registered number 00733312) under the Companies Act. The registered office and principal place of trade of the Company is 46b New Forest Enterprise Centre, Chapel Lane, Totton, Southampton, Hampshire, England, SO40 9LA.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

2.2

Turnover

Turnover comprises the sale of properties following development.

Property sales are recognised on legal completion and are measured at the fair value of the consideration received, excluding discounts and VAT.

Sales of land are recognised once contractual requirements are fulfilled to the extent that the receipt of revenue becomes certain.

2.3

Land options

The Company pays fees for the option to acquire land at a future date. The directors consider that the options have no commercial value unless planning permission to develop on this land is obtained.

2.4

Stocks and work in progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

2.5

Planning fees

All costs associated with obtaining permission to undertake new developments are written off to the profit and loss account as incurred because until planning permission is achieved there is inherent uncertainty that the development will go ahead. Following the granting of planning permission, subsequent costs are included within work in progress and held at the lower of cost and net realisable value.

2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

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PERBURY (DEVELOPMENTS) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

2.7

Pensions

Defined contribution pension plan

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity, Once the contributions have been paid the company no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals-as a liability in the balance sheet. The assets of the plan are held separately from the company in independently administrated funds.

2.8

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:

∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and

∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Employees

The average monthly number of employees, including directors, during the year was 3 (2024 - 3).

4.	Stocks
		2025	2024
		£	£

	Work in progress	104,947	104,947

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PERBURY (DEVELOPMENTS) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

5.	Debtors: Amounts falling due within one year

					2025	2024
					£	£

Other debtors	161	6,449
Prepayments and accrued income	946	1,215
Deferred taxation	7,309	7,818
	8,416	15,482

6.	Cash and cash equivalents
		2025	2024
		£	£

	Cash at bank and in hand	241,205	250,833

7.	Creditors: Amounts falling due within one year
		2025	2024
		£	£

Trade creditors	35,357	41,888
Amounts owed to group undertakings	10,192	10,192
Other creditors	1	1
Accruals and deferred income	5,500	4,500
	51,050	56,581

8.	Deferred taxation

	2025	2024
	£	£

At beginning of year	7,818	8,368
Charged to profit or loss	(509)	(550)
At end of year	7,309	7,818

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PERBURY (DEVELOPMENTS) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

8.Deferred taxation (continued)

The deferred tax asset is made up as follows:
	2025	2024
	£	£

Accelerated capital allowances

7,309

7,818

9.	Share capital
		2025	2024
		£	£

Allotted, called up and fully paid

900 (2024 - 900) Ordinary shares of £1.00 each	900	900
9,000 (2024 - 9,000) Deferred shares of £1.00 each	9,000	9,000

	9,900	9,900

The deferred shares have no voting rights and are entitled to participate in dividends to the extent of one half of the balance to be distributed after the first £10 million of profits which the company may determine to distribute, in respect of any financial year. Upon the winding up of the company the first £20 million of the assets will be distributed to the shareholders of ordinary shares, the balance will be distributed one half to the holders of the deferred shares and one half to the holders of the ordinary shares.

10.	Related party transactions
	The Company is exempt under the provisions of Financial Reporting Standard 102 from disclosing transactions with other 100% owned members of the group headed by Perbury Limited.

11.	Controlling party

The ultimate parent company is Perbury Limited, currently in members' voluntary liquidation, a company incorporated in the United Kingdom. There is no single ultimate controlling party.

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