Registration number:
Year Ended
Perlprat Developments Limited
Contents
Company Information |
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Balance Sheet |
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Statement of Changes in Equity |
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Notes to the Financial Statements |
Perlprat Developments Limited
Company Information
Directors |
The Most Hon The Marquess of Salisbury Viscount Cranborne D H Horton-Fawkes G C W Fauvel |
Company secretary |
S J Rutt |
Registered office |
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Page 1 |
Perlprat Developments Limited
(Registration number: 00845196)
Balance Sheet as at 5 April 2019
Note |
2019 |
2018 |
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Fixed assets |
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Investment property |
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Current assets |
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Debtors |
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- |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current liabilities |
( |
( |
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Total assets less current liabilities |
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Provisions for liabilities |
( |
( |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Profit and loss account |
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Total equity |
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For the financial year ending 5 April 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account and Directors' Report has been taken.
Page 2 |
Perlprat Developments Limited
(Registration number: 00845196)
Balance Sheet as at 5 April 2019
Approved and authorised by the
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D H Horton-Fawkes
Director
Page 3 |
Perlprat Developments Limited
Statement of Changes in Equity
Year Ended 5 April 2019
Share capital |
Profit and loss account |
Total |
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At 6 April 2018 |
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Loss for the year |
- |
( |
( |
Total comprehensive income |
- |
( |
( |
At 5 April 2019 |
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Share capital |
Profit and loss account |
Total |
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At 6 April 2017 |
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Loss for the year |
- |
( |
( |
Total comprehensive income |
- |
( |
( |
At 5 April 2018 |
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Page 4 |
Perlprat Developments Limited
Notes to the Financial Statements
Year Ended 5 April 2019
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
The financial statements are presented in Sterling which is the functional currency of the company and rounded to the nearest £.
Going concern
The financial statements have been prepared on a going concern basis. This is on the basis that the shareholder has agreed to continue to support the company for at least a further year from the date of approval of the accounts.
Revenue recognition
Rents are brought into account on an accruals basis. The rental income is matched to the days of the period.
Tax
The tax expense for the period comprises deferred tax. Tax is recognised in profit or loss, except that a charge attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
Deferred tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.
The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.
Investment property
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments.
Page 5 |
Perlprat Developments Limited
Notes to the Financial Statements
Year Ended 5 April 2019
Financial instruments
Staff numbers |
The average number of persons employed by the company during the year was
Investment properties |
At valuation |
2019 |
At 6 April 2018 |
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Additions |
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Fair value adjustments |
( |
At 5 April 2019 |
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The investment properties class of fixed assets was revalued on 5 April 2019 by G C W Fauvel MRICS who is a director of the company. The basis of this valuation was open market value based on professional advice received.
There has been no valuation of investment property by an independent valuer.
This class of assets has a current value of £740,000 (2018 - £740,482) and a carrying amount at historical cost of £673,903 (2018 - £658,880). The depreciation on this historical cost is £nil (2018 - £nil).
Debtors |
2019 |
2018 |
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Trade debtors |
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- |
Other debtors |
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- |
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- |
Page 6 |
Perlprat Developments Limited
Notes to the Financial Statements
Year Ended 5 April 2019
Creditors |
2019 |
2018 |
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Due within one year |
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Trade creditors |
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Other creditors |
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Related party transactions |
Summary of transactions with other related parties
A loan which is unsecured, interest free and repayable on demand has been made available to the company.
Loans from related parties
2019 |
Other related parties |
At start of period |
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Advanced |
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At end of period |
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2018 |
Other related parties |
At start of period |
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Advanced |
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At end of period |
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Page 7 |