Perpetuity Properties Limited Filleted accounts for Companies House (small and micro)
Perpetuity Properties Limited Filleted accounts for Companies House (small and micro)
COMPANY REGISTRATION NUMBER:
05858503
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FINANCIAL STATEMENTS |
PERIOD ENDED 2 JULY 2022
CONTENTS |
PAGE |
Statement of financial position |
1 |
Notes to the financial statements |
3 |
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STATEMENT OF FINANCIAL POSITION |
2022 |
2021 |
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Note |
£ |
£ |
FIXED ASSETS
Tangible assets |
5 |
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Investments |
6 |
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CURRENT ASSETS
Cash at bank and in hand |
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CREDITORS: amounts falling due within one year |
7 |
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NET CURRENT LIABILITIES |
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TOTAL ASSETS LESS CURRENT LIABILITIES |
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CREDITORS: amounts falling due after more than one year |
8 |
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NET ASSETS/(LIABILITIES) |
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(
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STATEMENT OF FINANCIAL POSITION (continued) |
2022 |
2021 |
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Note |
£ |
£ |
CAPITAL AND RESERVES
Called up share capital |
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Profit and loss account |
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(
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SHAREHOLDERS FUNDS/(DEFICIT) |
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(
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In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered.
Director's responsibilities:
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The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476
;
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The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
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These financial statements were approved by the
board of directors
and authorised for issue on
31 March 2023
, and are signed on behalf of the board by:
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Director |
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Company registration number:
05858503
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NOTES TO THE FINANCIAL STATEMENTS |
PERIOD ENDED 2 JULY 2022
1.
GENERAL INFORMATION
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Onega House, 112 Main Road, Sidcup, DA14 6NE, UK.
2.
STATEMENT OF COMPLIANCE
3.
ACCOUNTING POLICIES
Basis of preparation
Revenue recognition
Tangible assets
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery |
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Equipment |
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Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Impairment of fixed assets
Government grants
Financial instruments
Defined contribution plans
4.
EMPLOYEE NUMBERS
The average number of persons employed by the company during the period amounted to
1
(2021:
1
).
5.
TANGIBLE ASSETS
Plant and machinery |
Equipment |
Total |
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£ |
£ |
£ |
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Cost |
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At 1 July 2021 and 2 July 2022 |
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Depreciation |
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At 1 July 2021 |
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Charge for the period |
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At 2 July 2022 |
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Carrying amount |
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At 2 July 2022 |
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At 30 June 2021 |
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6.
INVESTMENTS
Other investments other than loans |
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£ |
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Cost |
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At 1 July 2021 |
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Revaluations |
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At 2 July 2022 |
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Impairment |
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At 1 July 2021 and 2 July 2022 |
– |
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Carrying amount |
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At 2 July 2022 |
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At 30 June 2021 |
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7.
CREDITORS:
amounts falling due within one year
2022 |
2021 |
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£ |
£ |
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Bank loans and overdrafts |
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– |
Trade creditors |
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Amounts owed to group undertakings and undertakings in which the company has a participating interest |
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Social security and other taxes |
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Other creditors |
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8.
CREDITORS:
amounts falling due after more than one year
2022 |
2021 |
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£ |
£ |
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Bank loans and overdrafts |
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Included within creditors: amounts falling due after more than one year is an amount of £513,058 (2021: £Nil) in respect of liabilities payable or repayable by instalments which fall due for payment after more than five years from the reporting date.
The rate of interest repayable on the mortgage is 5%.
9.
DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES
During the year the director did not enter into any advances, credits or guarantees with the company.