Perth (UK) Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 03198915 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2023

FOR

PERTH (UK) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mrs C Miles

REGISTERED OFFICE:

Walton House

Phillipines Shaw

Emmetts Lane

Sevenoaks

Kent

TN14 6AF

REGISTERED NUMBER:

03198915 (England and Wales)

ACCOUNTANTS:

Waight & Company Ltd

Trading as WaightSharnock

8 Lonsdale Gardens

Tunbridge Wells

Kent

TN1 1NU

FIXED ASSETS

Tangible assets

4

9,402

11,061

Investments

5

1,329,907

413,974

Investment property

6

2,620,000

3,959,309

3,045,035

CURRENT ASSETS

Cash at bank

1,016,476

1,655,430

CREDITORS

Amounts falling due within one year

7

92,900

230,274

NET CURRENT ASSETS

923,576

1,425,156

TOTAL ASSETS LESS CURRENT
LIABILITIES

4,882,885

4,470,191

CREDITORS

Amounts falling due after more than one year

8

(1,504,104

)

(1,403,154

)

PROVISIONS FOR LIABILITIES

(106,987

)

(89,156

)

NET ASSETS

3,271,794

2,977,881

CAPITAL AND RESERVES

Called up share capital

500,001

Revaluation reserve

9

973,103

Retained earnings

1,798,690

1,504,777

SHAREHOLDERS' FUNDS

3,271,794

2,977,881

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 director and authorised for issue on 6 July 2023 and were signed by:

Mrs C Miles - Director

1.	STATUTORY INFORMATION

Perth (UK) 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 as modified by the revaluation of certain assets.

Turnover

Turnover represents the total of rents received, consultancy work and amounts received from sales of development properties excluding value added tax.

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

-

15% on reducing balance

Investment property

The properties are included at the directors estimate of their market value.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 May 2022

and 30 April 2023

89,330

DEPRECIATION

At 1 May 2022

78,269

Charge for year

1,659

At 30 April 2023

79,928

NET BOOK VALUE

At 30 April 2023

9,402

At 30 April 2022

11,061

5.	FIXED ASSET INVESTMENTS

Loans to

joint

ventures

£

At 1 May 2022

413,974

New in year

778,125

Other movement

137,808

At 30 April 2023

1,329,907

6.	INVESTMENT PROPERTY

Fair value at 30 April 2023 is represented by:

£

Valuation in 2017

432,092

Valuation in 2018

222,000

Valuation in 2022

319,011

Cost

1,646,897

2,620,000

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.23

30.4.22

£

Taxation and social security

75,875

213,404

Other creditors

17,025

16,870

92,900

230,274

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

30.4.23

30.4.22

£

Other creditors

1,504,104

1,403,154

Creditors more than one year includes a loan from the directors amounting to £1,504,104 (2022 - £1,403,154)

9.

RESERVES

Revaluation

reserve

£

At 1 May 2022

and 30 April 2023

973,103

10.	ULTIMATE CONTROLLING PARTY

The controlling party is Mrs C Miles.

Perth (UK) Limited - Accounts to registrar (filleted) - small 23.1.2

Perth (UK) Limited - Accounts to registrar (filleted) - small 23.1.2