PERPETUITY PROPERTIES LIMITED


Director	BASSI, Adam


Registered Address	C/O Accountanova Ltd Bromley Old Town Hall
	30 Tweedy Road
	Bromley
	BR1 3FE


Registered Number	05858503 (England and Wales)

Balance Sheet as at
2 July 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	3		6,862		12,159
Investment property	4		800,000		800,000
			806,862		812,159
Current assets
Debtors	5	7,775		5,469
Cash at bank and on hand		9,598		17,467
		17,373		22,936
Creditors amounts falling due within one year	6	(166,637)		(146,749)
Net current assets (liabilities)			(149,264)		(123,813)
Total assets less current liabilities			657,598		688,346
Creditors amounts falling due after one year	7		(513,032)		(517,117)
Net assets			144,566		171,229
Capital and reserves
Called up share capital			2		2
Profit and loss account			144,564		171,227
Shareholders' funds			144,566		171,229

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Director on 2 July 2026, and are signed on its behalf by:

BASSI, Adam
Director
Registered Company No. 05858503

PERPETUITY PROPERTIES LIMITED

Notes to the Financial Statements
for the year ended 2 July 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

	Revenue from sale of goods
	Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

Revenue from sale of goods

Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Tangible fixed assets and depreciation
	All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Tangible fixed assets and depreciation

All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:


		Straight line (years)
	Plant and machinery	4
	Office Equipment	4

	Investment property
	The investment property is accounted for under FRS 102, Section 16 Investment Property. Investment property is remeasured to fair value at each balance sheet date with fair value gains and losses being reported in profit or loss. Investment properties are valued using RICS open market valuation on a freehold basis.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	0		0

3.	Tangible fixed assets

	Plant & machinery	Office Equipment	Total
	£	£	£
Cost or valuation
At 03 July 24	7,609	13,580	21,189
At 02 July 25	7,609	13,580	21,189
Depreciation and impairment
At 03 July 24	4,375	4,655	9,030
Charge for year	1,902	3,395	5,297
At 02 July 25	6,277	8,050	14,327
Net book value
At 02 July 25	1,332	5,530	6,862
At 02 July 24	3,234	8,925	12,159

4.	Investment property


		£
	Fair value at 03 July 24	800,000
	At 02 July 25	800,000

5.	Debtors: amounts due within one year

	2025	2024
	£	£
Other debtors	7,775	5,469
Total	7,775	5,469

6.	Creditors: amounts due within one year

	2025	2024
	£	£
Bank borrowings and overdrafts	3,998	4,132
Taxation and social security	300	3,248
Other creditors	153,744	130,774
Accrued liabilities and deferred income	8,595	8,595
Total	166,637	146,749

7.	Creditors: amounts due after one year

	2025	2024
	£	£
Bank borrowings and overdrafts	513,032	517,117
Total	513,032	517,117


	Included within creditors; amounts falling due after more than one year is an amount of £513,032 (2024: £513,032) in respect of liabilities payable or repayable by instalments which fall due for payment after more than five years from the reporting date. The rate of interest repayable on the mortgage is 5%.