Company No: 13310849 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	3	4,210		4,445
Investment property	4	2,902,560		2,902,560
		2,906,770		2,907,005
Current assets
Debtors	5	133,161		25,137
Cash at bank and in hand		722		0
		133,883		25,137
Creditors: amounts falling due within one year	6	( 1,888,421)		( 1,825,679)
Net current liabilities		(1,754,538)		(1,800,542)
Total assets less current liabilities		1,152,232		1,106,463
Creditors: amounts falling due after more than one year	7	( 1,048,948)		( 1,070,062)
Provision for liabilities		( 126)		19
Net assets		103,158		36,420
Capital and reserves
Called-up share capital	8	120		120
Profit and loss account		103,038		36,300
Total shareholders' funds		103,158		36,420

For the financial year ending 31 March 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements of Perryman Properties Cornwall Limited (registered number: 13310849) were approved and authorised for issue by the Board of Directors on 24 December 2025. They were signed on its behalf by:

J E Perryman 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

Perryman Properties Cornwall 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 Lowin House, Tregolls Road, Truro, TR1 2NA, 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. Revenue from services is recognised as they are delivered.

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.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a [straight-line, reducing balance] basis over its expected useful life, as follows:

Plant and machinery	25 % reducing balance
Vehicles	25 % reducing balance
Office equipment	15 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

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.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	0		0

3. Tangible assets

	Plant and machinery		Vehicles		Office equipment		Total
	£		£		£		£
Cost
At 01 April 2024	0		5,038		745		5,783
Additions	1,050		0		0		1,050
At 31 March 2025	1,050		5,038		745		6,833
Accumulated depreciation
At 01 April 2024	0		1,260		78		1,338
Charge for the financial year	241		944		100		1,285
At 31 March 2025	241		2,204		178		2,623
Net book value
At 31 March 2025	809		2,834		567		4,210
At 31 March 2024	0		3,778		667		4,445

4. Investment property

	Investment property
	£
Valuation
As at 01 April 2024	2,902,560
As at 31 March 2025	2,902,560

The directors have confirmed the above valuation as at 31 March 2025.

5. Debtors

	2025		2024
	£		£
Trade debtors	3,280		1,500
Other debtors	129,881		23,637
	133,161		25,137

6. Creditors: amounts falling due within one year

	2025		2024
	£		£
Bank loans and overdrafts	16,595		15,633
Trade creditors	7,480		102
Amounts owed to directors	1,510,854		1,581,200
Accruals	5,424		4,499
Corporation tax	40,804		18,703
Other taxation and social security	434		0
Other creditors	306,830		205,542
	1,888,421		1,825,679

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

	2025		2024
	£		£
Bank loans	1,048,948		1,070,062

8. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
120 Ordinary shares of £ 1.00 each	120		120

9. Related party transactions

Other related party transactions

	2025		2024
	£		£
Newquay Airport Taxis Ltd	(5,500)		(5,500)
Perryman Housing & Development Ltd	13,213		(17,029)
A2B Taxis (Truro) Limited	101,300		(93,500)
P Perryman & Sons Limited	(54,170)		(89,513)
Perryman Leisure Cornwall Limited	(247,159)		0

The above balances relate to loans advanced to companies with common shareholders and directors as Perryman Properties Cornwall Limited.