Perfect Storm Property Limited

Registered number

13847033

Unaudited Filleted Accounts

31 January 2025

Perfect Storm Property Limited
Registered number:		13847033
Balance Sheet
as at 31 January 2025

Notes			2025			2024
£				£
Fixed assets
Investment property	4		2,134,430			1,600,711

Current assets
Debtors	5	35,853			32,174
Cash at bank and in hand		32,778			84,659
		68,631			116,833

Creditors: amounts falling due within one year	6	(757,510)			(724,724)

Net current liabilities			(688,879)			(607,891)

Total assets less current liabilities			1,445,551			992,820

Creditors: amounts falling due after more than one year	7		(1,304,116)			(845,123)

Provisions for liabilities			(35,988)			(35,988)

Net assets			105,447			111,709

Capital and reserves
Called up share capital			2			2
Fair value reserve	9		114,238			114,238
Profit and loss account			(8,793)			(2,531)

Shareholders' funds			105,447			111,709

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Mr D Nutter
Director
Approved by the board on 14/01/2026.

Perfect Storm Property Limited
Notes to the Accounts
for the year ended 31 January 2025


1	Statutory information

	Perfect Storm Property Limited is a private company, limited by shares, registered in England and Wales.

	The company's registered number and registered office address are as below:

	Registered number:	13847033

	Registerd office:	Floor 2 Graphical House
		2 Wharf Street
		Leeds
		LS2 7EQ

	The presentation currency of the financial statements is the Pound Sterling.


2	Accounting policies

	Basis of preparation
	These financial statements have been prepared in accordance with the 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 as modified by the revaluation of certain assets.

	Turnover
	Turnover represents rents received and receivable, excluding VAT.

	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.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.


2	Accounting policies (continued)

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods.

	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments.

	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.

	Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.


3	Employees		2025		2024
Number				Number

	Average number of persons employed by the company		2		2


4	Investment property
Total
£
	Fair value
	At 1 February 2024				1,600,711
	Additions				533,719

	At 31 January 2025				2,134,430

	Historical cost
	At 1 February 2024				1,448,394
	At 31 January 2025				1,982,112

	The investment property was valued on an open market basis on 31 January 2025 by the
	directors.

5	Debtors		2025		2024
£				£

	Trade debtors		2,776		2,776
	Directors' current account		27,577		27,198
	Other debtors		5,500		2,200
			35,853		32,174


6	Creditors: amounts falling due within one year		2025		2024
£				£

	Taxation and social security costs		-		899
	Accruals and deferred income		1,210		825
	Other creditors		756,300		723,000
			757,510		724,724


7	Creditors: amounts falling due after one year		2025		2024
£				£

	Bank loans		1,304,116		845,123


8	Loans		2025		2024
£				£
	Creditors include:
	Instalments falling due for payment after more than five years		1,304,116		845,123


	Secured bank loans		1,304,116		845,123

	Bank loans are secured over the properties to which they relate.


9	Fair value reserve		2025		2024
£				£

	At 1 February 2024		114,238		-
	Reserve transfer		-		114,238

	At 31 January 2025		114,238		114,238


10	Related party transactions

	During the year an amount of £130,000 (2024: £340,800) was advanced from, and £100,000 was repaid to Perfect Storm Marketing Ltd, a company controlled by the directors. An amount of £750,800 (2024: £720,800) was outstanding at the year end. This loan is interest free and repayable on demand.

	Also during the year an amount of £77,199 (2024: £Nil) was advanced from and £77,578 (2024: £27,198) was repaid to the directors. An amount of £27,577 (2024: £27,198) remained due from the directors at the year end. This loan is interest free and repayable on demand.