Registration number: 00841501

Period and Country Houses Limited

(Registration number: 00841501)
Statement of Financial Position as at 31 March 2026

	Note	2026 £	2025 £
Fixed assets
Investment property	4	1,166,512	1,166,512
Other financial assets	5	23	23
		1,166,535	1,166,535
Current assets
Debtors	6	15,305	1,535
Cash at bank and in hand		48,588	60,249
		63,893	61,784
Creditors: Amounts falling due within one year	7	(4,770)	(4,625)
Net current assets		59,123	57,159
Total assets less current liabilities		1,225,658	1,223,694
Provisions for liabilities		(140,805)	(150,805)
Net assets		1,084,853	1,072,889
Capital and reserves
Called up share capital		300,000	300,000
Fair value reserve		592,628	582,628
Profit and loss account		192,225	190,261
Shareholders' funds		1,084,853	1,072,889

For the financial 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 accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Income Statement.

Approved and authorised by the Board on 4 August 2026 and signed on its behalf by:
 

......................................... Mr C L Syddall Director

Period and Country Houses Limited

Notes to the Financial Statements for the Year Ended 31 March 2026

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is: Knoll House, Knoll Road, Camberley, Surrey, GU15 3SY, United Kingdom.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.

The company recognises revenue when the amount of revenue can be reliably measured, it is probable that future economic benefits will flow to the entity and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Period and Country Houses Limited

Notes to the Financial Statements for the Year Ended 31 March 2026 (continued)

2	Accounting policies (continued)

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss and are recorded through a non-distributable fair value reserve.

Trade debtors

Short term debtors are measured at transaction price, less any impairment.

Cash and cash equivalents

Cash is represented by cash in hand and bank deposits.

Trade creditors

Short term creditors are measured at the transaction price.

Provisions

Provisions are recognised when the company has an obligation at the reporting date as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

Employee benefits

Short-term employee benefits are recognised as an expense in the period which they are incurred.

Financial instruments

The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and loans to related parties.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2025 - 2).

4	Investment properties

	2026 £
At 1 April	1,166,512
At 31 March	1,166,512

There has been no valuation of investment property by an independent valuer.

Period and Country Houses Limited

Notes to the Financial Statements for the Year Ended 31 March 2026 (continued)

5	Other financial assets (current and non-current)

	Financial assets at fair value through profit and loss £	Total £
Non-current financial assets
Cost or valuation
At 1 April 2025	23	23
At 31 March 2026	23	23
Carrying amount
At 31 March 2026	23	23

6

Debtors

	2026 £	2025 £
Other debtors	15,305	1,535
	15,305	1,535

7

Creditors

Creditors: amounts falling due within one year

	2026 £	2025 £
Accruals and deferred income	2,310	2,220
Other creditors	2,460	2,405
	4,770	4,625

8	Related party transactions

Transactions with directors

2026	At 1 April 2025 £	Advances to director £	At 31 March 2026 £
Mr C L Syddall and Mrs P J Syddall	-	13,620	13,620

The loan is unsecured and repayable on demand. No interest was charged during the year.