Perritt & Perritt Limited - Limited company - abbreviated - 11.6
Perritt & Perritt Limited - Limited company - abbreviated - 11.6
| REGISTERED NUMBER: |
| Abbreviated Unaudited Accounts for the Year Ended 31 July 2014 |
| for |
| Perritt & Perritt Limited |
| Perritt & Perritt Limited (Registered number: 05773057) |
| Contents of the Abbreviated Accounts |
| for the Year Ended 31 July 2014 |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 |
| Notes to the Abbreviated Accounts | 4 |
| Chartered Certified Accountants' Report | 6 |
| Perritt & Perritt Limited |
| Company Information |
| for the Year Ended 31 July 2014 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Perritt & Perritt Limited (Registered number: 05773057) |
| Abbreviated Balance Sheet |
| 31 July 2014 |
| 2014 | 2013 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 2 |
| Investments | 3 |
| CURRENT ASSETS |
| Debtors |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 4 |
| Profit and loss account |
| SHAREHOLDERS' FUNDS |
| The directors acknowledge their responsibilities for: |
| (a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
| (b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
| Perritt & Perritt Limited (Registered number: 05773057) |
| Abbreviated Balance Sheet - continued |
| 31 July 2014 |
| The financial statements were approved by the Board of Directors on |
| Perritt & Perritt Limited (Registered number: 05773057) |
| Notes to the Abbreviated Accounts |
| for the Year Ended 31 July 2014 |
| 1. | ACCOUNTING POLICIES |
| Accounting convention |
| The financial statements have been prepared under the historical cost convention and in accordance with the Financial |
| Reporting Standard for Smaller Entities (effective April 2008). |
| Turnover |
| Turnover represents net invoiced sales of goods, excluding value added tax. |
| Tangible fixed assets |
| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. |
| Short leasehold | - 5% on cost |
| Improvements to property | - 15% on cost |
| Plant and machinery | - 25% on cost |
| Computer equipment | - 25% on cost |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
| Pension costs and other post-retirement benefits |
| The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are |
| charged to the profit and loss account in the period to which they relate. |
| 2. | TANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1 August 2013 |
| and 31 July 2014 |
| DEPRECIATION |
| At 1 August 2013 |
| Charge for year |
| At 31 July 2014 |
| NET BOOK VALUE |
| At 31 July 2014 |
| At 31 July 2013 |
| Perritt & Perritt Limited (Registered number: 05773057) |
| Notes to the Abbreviated Accounts - continued |
| for the Year Ended 31 July 2014 |
| 3. | FIXED ASSET INVESTMENTS |
| Investments |
| other |
| than |
| loans |
| £ |
| COST |
| At 1 August 2013 |
| and 31 July 2014 | 300 |
| NET BOOK VALUE |
| At 31 July 2014 |
| At 31 July 2013 |
| 4. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2014 | 2013 |
| value: | £ | £ |
| Ordinary | 1 |
| 5. | RELATED PARTY DISCLOSURES |
| During the year Perritt & Perritt Limited made management charges to group companies. The value of the charges made are |
| as follows; |
| 2014 | 2013 |
| £ | £ |
| The Mall Tavern Notting Hill Ltd | 41,609 | 44,860 |
| The Stag Hampstead Notting Hill Ltd | 42,979 | 73,444 |
| The Regent Kensal Green Ltd | - | 128,092 |
| 84,588 | 246,396 |
| Included in creditors are amounts due to group related companies. At the end of the year the amount outstanding to the |
| related companies was as follows; |
| 2014 | 2013 |
| £ | £ |
| The Mall Tavern Notting Hill Ltd | 48,771 | 45,019 |
| The Stag Hampstead Notting Hill Ltd | 37,453 | 78,897 |
| The Regent Kensal Green Ltd | - | - |
| 86,224 | 123,916 |
| All the above companies are subsidiaries of Perritt & Perritt (the parent company). |
| Chartered Certified Accountants' Report to the Board of Directors |
| on the Unaudited Financial Statements of |
| Perritt & Perritt Limited |
| The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited |
| financial statements, from which the unaudited abbreviated accounts (set out on pages two to five) have been prepared. |
| In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial |
| statements of Perritt & Perritt Limited for the year ended 31 July 2014 which comprise the Profit and Loss Account, the Balance |
| Sheet, and the related notes from the company's accounting records and from information and explanations you have given us. |
| As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other |
| professional requirements which are detailed at http://rulebook.accaglobal.com. |
| This report is made solely to the Board of Directors of Perritt & Perritt Limited, as a body, in accordance with our terms of |
| engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Perritt & Perritt Limited |
| and state those matters that we have agreed to state to the Board of Directors of Perritt & Perritt Limited, as a body, in this report in |
| accordance with the requirements of the Association of Chartered Certified Accountants as detailed at |
| http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to |
| anyone other than the company and its Board of Directors, as a body, for our work or for this report. |
| It is your duty to ensure that Perritt & Perritt Limited has kept adequate accounting records and to prepare statutory financial |
| statements that give a true and fair view of the assets, liabilities, financial position and profit of Perritt & Perritt Limited. You |
| consider that Perritt & Perritt Limited is exempt from the statutory audit requirement for the year. |
| We have not been instructed to carry out an audit or a review of the financial statements of Perritt & Perritt Limited. For this reason, |
| we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us |
| and we do not, therefore, express any opinion on the statutory financial statements. |
| Date: ............................................. |