Company No: 00845196 (England and Wales)

Contents

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

DIRECTORS	Viscount Cranborne
	J E Mendonça
	The Most Hon The Marquess of Salisbury

REGISTERED OFFICE	22 Charing Cross Road
	London
	WC2H 0HS
	United Kingdom

COMPANY NUMBER

00845196 (England and Wales)

ACCOUNTANT	S&W Partners LLP
	Old Library Chambers
	21 Chipper Lane
	Salisbury
	Wiltshire
	SP1 1BG

	Note	2025		2024
		£		£
				Restated
Fixed assets
Investment property	3	786,225		773,625
		786,225		773,625
Current assets
Debtors	4	570		873
Cash at bank and in hand		2,944		1,720
		3,514		2,593
Creditors: amounts falling due within one year	5	( 598,878)		( 588,625)
Net current liabilities		(595,364)		(586,032)
Total assets less current liabilities		190,861		187,593
Net assets		190,861		187,593
Capital and reserves
Called-up share capital		2		2
Revaluation reserve		109,127		96,527
Profit and loss account		81,732		91,064
Total shareholders' funds		190,861		187,593

For the financial year ending 05 April 2025 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 Perlprat Developments Limited (registered number: 00845196) were approved and authorised for issue by the Board of Directors on 12 December 2025. They were signed on its behalf by:

J E Mendonça 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

Perlprat Developments 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 22 Charing Cross Road, London, WC2H 0HS, United Kingdom.

The financial statements have been prepared under the historical cost convention and in accordance with ‘The Financial Reporting Standard applicable in the UK and the Republic of Ireland’ issued by the Financial Reporting Council, including Section 1A of Financial Reporting Standard 102 (FRS102), and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The functional currency of Perlprat Developments Limited is considered to be pounds sterling because that is the currency of the primary economic environment in which the Company operates.

These financial statements are separate financial statements.

Prior year adjustment

Investment property valued at £420,000 was transferred from fixed assets to current asset investments in 2023 by error. Subsequently, revaluations of £103,406 relating to this property were transferred from the Revaluation reserve to the Profit and loss account at the same time.

In 2025 the adjustment has been to reinstate the property from current assets to fixed assets with a value of £420,000 and increase the Revaluation reserve by £103,406.

Turnover

Turnover represents rental income received in respect of properties owned by the Company. Rental income is recognised on an accruals basis and in accordance with the relevant rental agreements.

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 carried at fair value, derived from the current market prices for comparable real estate determined annually by the directors. No depreciation is provided. The directors use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in the Profit and loss account.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	3		3

3. Investment property

	Investment property
	£
Valuation (as re-stated)
As at 06 April 2024	773,625
Fair value movement	12,600
As at 05 April 2025	786,225

Valuation

The investment properties were revalued on 5 April 2025 by the directors of the company based on the market value.

This class of asset has a current value of £786,225 (2024: £773,625) and a carrying amount at historical cost of £677,098 (2024: £773,625). The depreciation on this historical cost is £nil (2024: £nil).

4. Debtors

	2025		2024
	£		£
Trade debtors	570		873

5. Creditors: amounts falling due within one year

	2025		2024
	£		£
Other loans	590,100		570,100
Accruals	6,272		6,291
Other creditors	2,506		12,234
	598,878		588,625

6. Related party transactions

Transactions with owners holding a participating interest in the entity

	2025		2024
	£		£
As at 6 April 2024	570,100		570,100
Advance in year	20,000		0
As at 5 April 2025	590,100		570,100

A loan which is unsecured, interest free and repayable on demand has been made available to the company by its shareholder.