REGISTERED NUMBER: 10305303 (England and Wales)

PERCH AND PARROW LTD

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

Page

Company Information

1

Abridged Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

A M Flaherty

REGISTERED OFFICE:

923 Finchley Road

Golders Green

London

NW11 7PE

REGISTERED NUMBER:

10305303 (England and Wales)

ACCOUNTANTS:

Joseph Kahan Associates LLP

Chartered Accountants

923 Finchley Road

London

NW11 7PE

FIXED ASSETS

Intangible assets

4

12,748

31,813

Tangible assets

5

1,387

1,437

14,135

33,250

CURRENT ASSETS

Debtors

741,616

733,587

Cash at bank and in hand

262,487

65,703

1,004,103

799,290

CREDITORS

Amounts falling due within one year

1,543,754

1,569,496

NET CURRENT LIABILITIES

(539,651

)

(770,206

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(525,516

)

(736,956

)

CREDITORS

Amounts falling due after more than one year

(10,671

)

(349,313

)

PROVISIONS FOR LIABILITIES

(264

)

(273

)

NET LIABILITIES

(536,451

)

(1,086,542

)

CAPITAL AND RESERVES

Called up share capital

6

1

1

Retained earnings

(536,452

)

(1,086,543

)

SHAREHOLDERS' FUNDS

(536,451

)

(1,086,542

)

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 director acknowledges her 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Statement of Financial Position for the year ended 31 December 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 23 December 2025 and were signed by:

A M Flaherty - Director

1.	STATUTORY INFORMATION

Perch And Parrow Ltd 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets

Intangible assets being website development costs are being amortized evenly over its estimated useful life of three years, on a straight line basis.

Tangible fixed assets

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

Office Equipment

-

25% on reducing balance

Financial instruments

The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Debtors

Basic financial assets, including trade and other debtors, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest method, less any impairment.

Cash and cash equivalents

Cash and cash equivalents are represented by cash in hand, deposits held at call with financial institutions, and other short-term 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.

Creditors

Basic financial liabilities, including trade and other creditors, loans from third parties and loans from related parties, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Such instruments are subsequently carried at amortised cost using the effective interest method, less any impairment.

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.

Going concern

The financial statements have been prepared on the basis of assurances received from the Other Creditors that they will not be calling in their loan in less than twelve months from the balance sheet date.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 3 ) .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 January 2024

297,657

Additions

2,239

At 31 December 2024

299,896

AMORTISATION

At 1 January 2024

265,844

Amortisation for year

21,304

At 31 December 2024

287,148

NET BOOK VALUE

At 31 December 2024

12,748

At 31 December 2023

31,813

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 January 2024

10,766

Additions

413

At 31 December 2024

11,179

DEPRECIATION

At 1 January 2024

9,329

Charge for year

463

At 31 December 2024

9,792

NET BOOK VALUE

At 31 December 2024

1,387

At 31 December 2023

1,437

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

1

Ordinary

£1

1

1