Pery Properties Investment Limited

Pery Properties Investment Limited

PERY PROPERTIES INVESTMENT LIMITED - Company Information

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1 January 2018 false Taxfiler 2019.10.Web 07891900business:PrivateLimitedCompanyLtd2018-01-012018-12-31 078919002017-12-31 078919002018-01-012018-12-31 07891900business:AuditExemptWithAccountantsReport2018-01-012018-12-31 07891900business:FullAccounts2018-01-012018-12-31 078919002018-12-31 07891900business:Director12018-01-012018-12-31 07891900business:RegisteredOffice2018-01-012018-12-31 078919002017-12-31 07891900core:WithinOneYear2018-12-31 07891900core:WithinOneYear2017-12-31 07891900core:AfterOneYear2018-12-31 07891900core:AfterOneYear2017-12-31 07891900core:ShareCapital2018-12-31 07891900core:ShareCapital2017-12-31 07891900core:RevaluationReserve2018-12-31 07891900core:RevaluationReserve2017-12-31 07891900core:RetainedEarningsAccumulatedLosses2018-12-31 07891900core:RetainedEarningsAccumulatedLosses2017-12-31 07891900business:SmallEntities2018-01-012018-12-31 07891900countries:EnglandWales2018-01-012018-12-31 07891900business:OrdinaryShareClass12018-01-012018-12-31 07891900business:OrdinaryShareClass12017-01-012017-12-31 078919002017-01-012017-12-31 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. 07891900 (England and Wales)
Pery Properties Investment Limited Unaudited accounts for the year ended 31 December 2018
Pery Properties Investment Limited Unaudited accounts Contents
Page
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Pery Properties Investment Limited Company Information for the year ended 31 December 2018
Director
Mr D. Tamir
Company Number
07891900 (England and Wales)
Registered Office
103 High Street Waltham Cross Hertfordshire EN8 7AN
Accountants
Brindley Goldstein Ltd 103 High Street Waltham Cross Herts. EN8 7AN
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Pery Properties Investment Limited Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Pery Properties Investment Limited for the year ended 31 December 2018
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Pery Properties Investment Limited for the year ended 31 December 2018 as set out on pages 5 - 7 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.
This report is made solely to the Board of Directors of Pery Properties Investment Limited, as a body, in accordance with the terms of our engagement letter dated 3 August 2016. Our work has been undertaken solely to prepare for your approval the accounts of Pery Properties Investment Limited and state those matters that we have agreed to state to the Board of Directors of Pery Properties Investment Limited, as a body, in this report in accordance with AAF 07/16 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Pery Properties Investment Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Pery Properties Investment Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Pery Properties Investment Limited. You consider that Pery Properties Investment 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 accounts of Pery Properties Investment 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 accounts.
Brindley Goldstein Ltd Chartered Accountants 103 High Street Waltham Cross Herts. EN8 7AN 30 September 2019
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Pery Properties Investment Limited Statement of financial position as at 31 December 2018
2018 
2017 
Notes
£ 
£ 
Fixed assets
Investment property
4
2,125,000 
1,600,000 
Current assets
Cash at bank and in hand
13,248 
13,466 
Creditors: amounts falling due within one year
5
(537,116)
(145,170)
Net current liabilities
(523,868)
(131,704)
Total assets less current liabilities
1,601,132 
1,468,296 
Creditors: amounts falling due after more than one year
6
(360,000)
(777,234)
Net assets
1,241,132 
691,062 
Capital and reserves
Called up share capital
7
100 
100 
Revaluation reserve
1,295,000 
770,000 
Profit and loss account
(53,968)
(79,038)
Shareholders' funds
1,241,132 
691,062 
For the year ending 31 December 2018 the company was entitled to exemption from audit 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 his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 30 September 2019.
Mr D. Tamir Director Company Registration No. 07891900
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Pery Properties Investment Limited Notes to the Accounts for the year ended 31 December 2018
1
Statutory information
Pery Properties Investment Limited is a private company, limited by shares, registered in England and Wales, registration number 07891900. The registered office is 103 High Street, Waltham Cross, Hertfordshire, EN8 7AN.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents rents receivable.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
4
Investment property
2018 
£ 
Fair value at 1 January 2018
1,600,000 
Net gain from fair value adjustments
525,000 
At 31 December 2018
2,125,000 
5
Creditors: amounts falling due within one year
2018 
2017 
£ 
£ 
Bank loans and overdrafts
434,897 
32,432 
Taxes and social security
5,881 
2,571 
Loans from directors
94,268 
109,147 
Accruals
2,070 
1,020 
537,116 
145,170 
6
Creditors: amounts falling due after more than one year
2018 
2017 
£ 
£ 
Bank loans
- 
417,234 
Other creditors
360,000 
360,000 
360,000 
777,234 
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Pery Properties Investment Limited Notes to the Accounts for the year ended 31 December 2018
7
Share capital
2018 
2017 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
8
Transactions with related parties
The company was under the control of Mr D. Tamir throughout the current year. Mr D. Tamir is personally interested in 100% of the company's share capital.
9
Average number of employees
During the year the average number of employees was 0 (2017: 0).
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