Perdix Partnership Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 10215890 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2020

FOR

PERDIX PARTNERSHIP LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr P H E Hoare

Mr W S Russell

Mr P J Lawson

Mr C H Smith

REGISTERED OFFICE:

Hillside

Albion Street

CHIPPING NORTON

Oxfordshire

OX7 5BH

BUSINESS ADDRESS:

Rectory Farm

Lower Swell

CHELTENHAM

Gloucestershire

GL54 1LH

REGISTERED NUMBER:

10215890 (England and Wales)

ACCOUNTANTS:

Bronsens

Chartered Certified Accountants

Hillside

Albion Street

Chipping Norton

Oxfordshire

OX7 5BH

FIXED ASSETS

Tangible assets

4

7,480

20,941

CURRENT ASSETS

Debtors

5

123,567

108,282

Cash at bank and in hand

119,455

91,331

243,022

199,613

CREDITORS

Amounts falling due within one year

6

114,730

113,383

NET CURRENT ASSETS

128,292

86,230

TOTAL ASSETS LESS CURRENT LIABILITIES

135,772

107,171

PROVISIONS FOR LIABILITIES

7

1,421

3,979

NET ASSETS

134,351

103,192

CAPITAL AND RESERVES

Called up share capital

8

418

418

Retained earnings

133,933

102,774

SHAREHOLDERS' FUNDS

134,351

103,192

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2020 in accordance with Section 476 of the Companies Act 2006.

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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 September 2020 and were signed on its behalf by:

Mr C H Smith - Director

Mr P H E Hoare - Director

Mr P J Lawson - Director

Mr W S Russell - Director

1.	STATUTORY INFORMATION

Perdix Partnership Limited is a private company, limited by shares , registered in England and Wales. The

company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

20% on cost

Computer equipment

-

33% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that

have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the

timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they

will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

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 profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2019 - 10 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 April 2019

5,059

43,855

48,914

Additions

-

219

219

At 31 March 2020

5,059

44,074

49,133

DEPRECIATION

At 1 April 2019

1,884

26,089

27,973

Charge for year

1,012

12,668

13,680

At 31 March 2020

2,896

38,757

41,653

NET BOOK VALUE

At 31 March 2020

2,163

5,317

7,480

At 31 March 2019

3,175

17,766

20,941

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.20

31.3.19

£

£

Trade debtors

117,002

106,987

Rent deposit

1,000

1,000

Directors' current accounts

776

-

Prepayments

4,789

295

123,567

108,282

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.20

31.3.19

£

£

Trade creditors

590

6,648

Tax

60,099

59,469

Social security and other taxes

2,515

2,487

Pension creditor

881

781

VAT

28,329

23,119

Other creditors

-

1,500

Directors' current accounts

15,611

12,205

Accrued expenses

6,705

7,174

114,730

113,383

7.	PROVISIONS FOR LIABILITIES

31.3.20

31.3.19

£

£

Deferred tax

Accelerated capital allowances

1,421

3,979

Deferred

tax

£

Balance at 1 April 2019

3,979

Provided during year

(2,558

)

Balance at 31 March 2020

1,421

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.20

31.3.19

value:

£

£

408

Ordinary £1

£1

408

408

133

Ordinary B 10p

10p

10

10

418

418

The following shares were issued during the year for cash at par :

38 Ordinary B 10p shares of 10p

9.	ULTIMATE CONTROLLING PARTY

The company has no single controlling party.