Perseus Land and Developments Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 11335594

Perseus Land and Developments Limited

Unaudited financial statements

31 March 2026

Perseus Land and Developments Limited

Statement of financial position

31 March 2026

	2026		2025
Note	£	£	£	£

Current assets

Stocks		–	16,510
Debtors	6	63,082	366,776
Cash at bank and in hand		238,031	43,887
		---------	---------
		301,113	427,173

Creditors: Amounts falling due within one year	7	( 306,992)		( 1,570,283)
		---------		-----------
Net current liabilities			( 5,879)		( 1,143,110)
			------		-----------
Total assets less current liabilities			( 5,879)		( 1,143,110)

Creditors: Amounts falling due after more than one year	8	( 1,300,685)	–
		-----------	-----------
Net liabilities		( 1,306,564)	( 1,143,110)
		-----------	-----------

Capital and reserves

Called up share capital	9	111	111
Profit and loss account		( 1,306,675)	( 1,143,221)
		-----------	-----------
Shareholders deficit		( 1,306,564)	( 1,143,110)
		-----------	-----------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 6 August 2026 , and are signed on behalf of the board by:

D Ford

Director

Company registration number: 11335594

Perseus Land and Developments Limited

Notes to the financial statements

Year ended 31 March 2026

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Seebeck House, 1 Seebeck Place, Milton Keynes, MK5 8FR, Buckinghamshire.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

The Directors note the net liabilities shown on the Statement of Financial Position at the year end. Forecasts have been prepared for the next 12 months and the foreseeable future beyond then which gives the Directors confidence there will be sufficient cash headroom to continue trading into the future. Therefore, the accounts are prepared on a going concern basis.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Computer equipment	-	25% straight line
Computer software	-	25% straight line

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Employee numbers

The average number of employees during the year was 2 (2025: 2 ).

5. Tangible assets

	Computer equipment	Computer software	Total
	£	£	£
Cost
At 1 April 2025 and 31 March 2026	1,878	6,466	8,344
	------	------	------
Depreciation
At 1 April 2025 and 31 March 2026	1,878	6,466	8,344
	------	------	------
Carrying amount
At 31 March 2026	–	–	–
	------	------	------
At 31 March 2025	–	–	–
	------	------	------

6. Debtors

	2026	2025
	£	£
Trade debtors	60,000	–
Prepayments and accrued income	3,071	8,389
Other debtors	11	358,387
	-------	---------
	63,082	366,776
	-------	---------

7. Creditors: Amounts falling due within one year

	2026	2025
	£	£
Trade creditors	30,184	6,927
Accruals and deferred income	189,764	144,205
Social security and other taxes	17,755	28,597
Director loan accounts	–	188,600
Other creditors	69,289	1,201,954
	---------	-----------
	306,992	1,570,283
	---------	-----------

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

	2026	2025
	£	£
Other creditors	1,300,685	–
	-----------	----

9. Called up share capital

Issued, called up and fully paid

	2026		2025
	No.	£	No.	£
Ordinary shares of £ 0.01 each	11,100	111	11,100	111
	-------	----	-------	----