Perpetual Assets and Property Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 13143452 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2026

for

Perpetual Assets and Property Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

A A Tayade

SECRETARY:

REGISTERED OFFICE:

Brunel House

11 The Promenade

Clifton

Bristol

BS8 3NG

REGISTERED NUMBER:

13143452 (England and Wales)

ACCOUNTANTS:

Wormald & Partners

Chartered Accountants (ICAEW)

Brunel House

11 The Promenade

Clifton Down

Bristol

BS8 3NG

FIXED ASSETS

Tangible assets

4

1,140

1,341

Investment property

5

375,000

376,140

376,341

CURRENT ASSETS

Cash at bank

357

2,863

CREDITORS

Amounts falling due within one year

6

384,957

382,053

NET CURRENT LIABILITIES

(384,600

)

(379,190

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

(8,460

)

(2,849

)

PROVISIONS FOR LIABILITIES

18,863

NET LIABILITIES

(27,323

)

(21,712

)

CAPITAL AND RESERVES

Called up share capital

2

Fair value reserve

7

25,484

Retained earnings

7

(52,809

)

(47,198

)

(27,323

)

(21,712

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 8 May 2026 and were signed by:

A A Tayade - Director

1.	STATUTORY INFORMATION

Perpetual Assets and Property 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 as modified by the revaluation of certain assets.

Tangible fixed assets

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

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.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2025 - NIL).

4.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 April 2025

and 31 March 2026

2,640

DEPRECIATION

At 1 April 2025

1,299

Charge for year

201

At 31 March 2026

1,500

NET BOOK VALUE

At 31 March 2026

1,140

At 31 March 2025

1,341

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2025

and 31 March 2026

375,000

NET BOOK VALUE

At 31 March 2026

375,000

At 31 March 2025

375,000

Fair value at 31 March 2026 is represented by:

£

Valuation in 2024

360,000

Valuation in 2025

15,000

375,000

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

Bank loans and overdrafts

257,473

263,293

Other creditors

28,299

-

Rent control

(1,911

)

(1,911

)

Perpetual Care loan

97,037

116,672

Perpetual Home Care loan

2,500

Accrued expenses

1,559

1,499

384,957

382,053

7.

RESERVES

Fair

Retained

value

earnings

reserve

Totals

£

At 1 April 2025

(47,198

)

25,484

(21,714

)

Deficit for the year

(5,611

)

(5,611

)

At 31 March 2026

(52,809

)

25,484

(27,325

)

8.	RELATED PARTY DISCLOSURES

At 31 March 2026 the company owed £97,037 to Perpetual Care Ltd and £2,500 to Perpetual Home Care Ltd, companies also under the control of the director (2025: £116,672 and £2,500).