Company No: 10522704 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	3	514,018		410,854
Investment property	4	242,302		242,302
		756,320		653,156
Current assets
Stocks	5	575,812		378,281
Debtors
- due within one year	6	728,572		787,227
- due after more than one year	6	0		32,132
Cash at bank and in hand		109,243		1
		1,413,627		1,197,641
Creditors: amounts falling due within one year	7	( 2,031,025)		( 1,676,109)
Net current liabilities		(617,398)		(478,468)
Total assets less current liabilities		138,922		174,688
Creditors: amounts falling due after more than one year	8	( 24,583)		0
Provision for liabilities		( 28,828)		( 5,461)
Net assets		85,511		169,227
Capital and reserves
Called-up share capital	9	120		120
Profit and loss account		85,391		169,107
Total shareholder's funds		85,511		169,227

For the financial year ending 31 December 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The member has 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 Housing and Development Ltd (registered number: 10522704) were approved and authorised for issue by the Board of Directors on 09 June 2026. 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 Housing and Development Ltd (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 comprises the development and sale of properties and provision of property repair services, and 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 reducing balance basis over its expected useful life, as follows:

Land and buildings	not depreciated
Plant and machinery etc.	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.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

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	2		2

3. Tangible assets

	Land and buildings		Plant and machinery etc.		Total
	£		£		£
Cost
At 01 January 2025	389,011		32,405		421,416
Additions	9,693		99,033		108,726
At 31 December 2025	398,704		131,438		530,142
Accumulated depreciation
At 01 January 2025	0		10,562		10,562
Charge for the financial year	0		5,562		5,562
At 31 December 2025	0		16,124		16,124
Net book value
At 31 December 2025	398,704		115,314		514,018
At 31 December 2024	389,011		21,843		410,854

4. Investment property

	Investment property
	£
Valuation
As at 01 January 2025	242,302
As at 31 December 2025	242,302

5. Stocks

	2025		2024
	£		£
Work in progress	575,812		378,281

6. Debtors

	2025		2024
	£		£
Debtors: amounts falling due within one year
Trade debtors	3,364		3,409
Other debtors	725,208		783,818
	728,572		787,227
Debtors: amounts falling due after more than one year
Other debtors	0		32,132

7. Creditors: amounts falling due within one year

	2025		2024
	£		£
Trade creditors	69,583		32,433
Taxation and social security	23,707		46,680
Obligations under finance leases and hire purchase contracts	4,493		0
Other creditors	1,933,242		1,596,996
	2,031,025		1,676,109

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

	2025		2024
	£		£
Obligations under finance leases and hire purchase contracts	24,583		0

There are no amounts included above in respect of which any security has been given by the small entity.

9. Called-up share capital

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

10. Related party transactions

Transactions with the entity's directors

	2025		2024
	£		£
P Perryman	3,857		23,602
J E Perryman	3,857		23,602
S D Perryman	(2,213)		9,471
D P Perryman	(1,065)		23,350
C C Perryman	(18,839)		1,448

The above balances relate to amounts owed to/(by) the company by the directors as at 31 December 2025. Interest has been charged at the HMRC official rates.

Other related party transactions

	2025		2024
	£		£
A2B Taxis (Truro) Limited	(1,538,418)		(1,447,893)
Newquay Airport Taxis Limited	(146,080)		(145,480)
Perryman Properties Cornwall Limited	(217,200)		3,285
P Perryman & Sons Limited	263,897		268,268
Perryman Leisure Cornwall Limited	419,511		429,601
Abacus and Falmouth Taxis Limited	5,709		0

The above balances relate to loans advanced to/from companies with common shareholders and directors as Perryman Housing and Development Limited.