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

REGISTERED NUMBER: 06588058 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 May 2020

for

Perennial Partnership Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A D Farnsworth

S M Farnsworth

REGISTERED OFFICE:

Green Croft

Station Road

Upper Poppleton

York

North Yorkshire

YO26 6DA

REGISTERED NUMBER:

06588058 (England and Wales)

ACCOUNTANTS:

Beckingtons

2 Clifton Moor Business

Village

James Nicolson Link

York

North Yorkshire

YO30 4XG

FIXED ASSETS

Tangible assets

4

284

375

Investment property

5

157,200

157,200

157,484

157,575

CURRENT ASSETS

Cash at bank

206,648

209,858

CREDITORS

Amounts falling due within one year

6

18,022

1,575

NET CURRENT ASSETS

188,626

208,283

TOTAL ASSETS LESS CURRENT LIABILITIES

346,110

365,858

CAPITAL AND RESERVES

Called up share capital

7

100

100

Retained earnings

346,010

365,758

SHAREHOLDERS' FUNDS

346,110

365,858

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 October 2020 and were signed on its behalf by:

A D Farnsworth - Director

1.	STATUTORY INFORMATION

Perennial 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.

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.

Tangible fixed assets

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

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Computer equipment

-

33% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2019 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

COST

At 1 June 2019

and 31 May 2020

1,870

1,534

2,729

6,133

DEPRECIATION

At 1 June 2019

1,730

1,366

2,662

5,758

Charge for year

35

34

22

91

At 31 May 2020

1,765

1,400

2,684

5,849

NET BOOK VALUE

At 31 May 2020

105

134

45

284

At 31 May 2019

140

168

67

375

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 June 2019

and 31 May 2020

157,200

NET BOOK VALUE

At 31 May 2020

157,200

At 31 May 2019

157,200

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.20

31.5.19

£

£

Other creditors

18,022

1,575

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.5.20

31.5.19

value:

£

£

100

Ordinary

£1

100

100

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 May 2020 and 31 May 2019:

31.5.20

31.5.19

£

£

A D Farnsworth and S M Farnsworth

Balance outstanding at start of year

-

3,715

Amounts repaid

-

(3,715

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

-