Company No:
Contents
| DIRECTOR | Andrew Wynn |
| REGISTERED OFFICE | 25 Hanover Square |
| London | |
| W1S 1JF | |
| United Kingdom |
| COMPANY NUMBER | 15755786 (England and Wales) |
| Note | 2025 | |
| £ | ||
| Fixed assets | ||
| Investments | 3 |
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| 9,530,839 | ||
| Current assets | ||
| Investments | 4 |
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| Cash at bank and in hand |
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| 2,580,422 | ||
| Creditors: amounts falling due within one year | 5 | (
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| Net current assets | 2,439,853 | |
| Total assets less current liabilities | 11,970,692 | |
| Creditors: amounts falling due after more than one year | 6 | (
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| Net assets |
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| Capital and reserves | ||
| Called-up share capital | 7 |
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| Share premium account | 9 |
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| Profit and loss account |
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| Total shareholder's funds |
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Director's responsibilities:
The financial statements of Perwyn Topco Limited (registered number:
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Andrew Wynn
Director |
The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year, unless otherwise stated.
Perwyn Topco 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 25 Hanover Square, London, W1S 1JF, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, 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 Perwyn Topco Limited is considered to be pounds sterling because that is the currency of the primary economic environment in which the Company operates.
The financial statements have been prepared on a going concern basis.
The director has made an assessment in preparing these financial statements as to whether the Company is a going concern and have concluded that there are no material uncertainties that may cast significant doubt on the Company's ability to continue as a going concern for a period of at least 12 months from the date of approval of these financial statements.
Exchange differences are recognised in the Profit and Loss Account in the period in which they arise on monetary items.
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.
Interest income is recognised on an accruals basis using the effective interest method. Dividend and other investment income is recognised when the company's right to receive payment is established.
Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.
Investments in equity instruments are measured at cost less accumulated impairment losses, the directors having concluded that fair value cannot be measured reliably. Loans receivable are measured at amortised cost less impairment. At each reporting date the company assesses whether there is objective evidence of impairment, and any impairment loss is recognised in the profit and loss account.
Basic financial instruments, comprising cash, loans receivable, debtors, creditors and the director's loan, are initially recognised at transaction price and subsequently measured at amortised cost. The director's loan, being a loan from a director who is also the controlling party, is measured at transaction price. Investments in mutual funds are measured at fair value through profit or loss. Investments in equity instruments are measured as set out below.
Current asset investments comprise investments in mutual funds and are stated fair value through the profit and loss.
| 2025 | |
| Number | |
| Monthly average number of persons employed by the Company during the year |
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The company had no employees during the periods other than the directors.
| Loans | Other investments | Total | |||
| £ | £ | £ | |||
| Cost or valuation before impairment | |||||
| At 01 July 2024 |
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| Additions |
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| At 30 June 2025 |
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| Provisions for impairment | |||||
| At 01 July 2024 |
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| Impairment |
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| At 30 June 2025 |
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| Carrying value at 30 June 2025 |
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Investments are stated at cost less impairment.
Included within other investments are unquoted ordinary shares, including 90 non-voting B ordinary shares in Perwyn Advisors UK Limited. As these shares carry no voting rights, the company does not have significant influence and accounts for the holding as an ordinary equity investment.
The impairment charge of £44,000 represents the partial write-down of one equity investment.
| 2025 | |
| £ | |
| Investments in mutual funds |
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| 2025 | |
| £ | |
| Bank overdrafts |
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| Accruals |
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| Corporation tax |
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| 2025 | |
| £ | |
| Amounts owed to director |
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| 2025 | |
| £ | |
| Allotted, called-up and fully-paid | |
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During the period the company received dividends of £1,500,000 from Perwyn Advisors UK Ltd, a company which is also controlled by Andrew Wynn.
At the balance sheet date the company owed £2,350,000 to a director. The loan is unsecured, interest free and not repayable within one year.
The share premium account represents the amount subscribed for share capital in excess of nominal value.
The profit and loss account represents cumulative profits and losses retained by the company.
The ultimate controlling party is Andrew Wynn.