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PLATINUM PURE CAPITAL LIMITED

Registered Number
07028208
(England and Wales)

Unaudited Financial Statements for the Year ended
30 September 2023

PLATINUM PURE CAPITAL LIMITED
Company Information
for the year from 1 October 2022 to 30 September 2023

Director

ELIADES, Christian Nicholas

Company Secretary

ELIADES, Bobbie

Registered Address

236 Creighton Avenue
London
N2 9BD

Registered Number

07028208 (England and Wales)
PLATINUM PURE CAPITAL LIMITED
Balance Sheet as at
30 September 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets536,59545,652
36,59545,652
Current assets
Debtors71,4381,223
Cash at bank and on hand114,922169,161
116,360170,384
Creditors amounts falling due within one year8(54,945)(55,874)
Net current assets (liabilities)61,415114,510
Total assets less current liabilities98,010160,162
Provisions for liabilities9(6,953)(8,674)
Net assets91,057151,488
Capital and reserves
Called up share capital101101
Profit and loss account90,956151,387
Shareholders' funds91,057151,488
The financial statements were approved and authorised for issue by the Director on 17 November 2023, and are signed on its behalf by:
ELIADES, Christian Nicholas
Director
Registered Company No. 07028208
PLATINUM PURE CAPITAL LIMITED
Notes to the Financial Statements
for the year ended 30 September 2023

1.Statutory information
The company is a private company limited by shares and 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.Compliance with applicable reporting framework
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
3.Accounting policies
Turnover policy
Turnover comprises revenue recognised by the company in respect of services provided during the year, exclusive of Value Added Tax and trade discounts.
Property, plant and equipment policy
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Revenue recognition policy
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Taxation policy
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax policy
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
4.Employee information

20232022
Average number of employees during the year22
5.Property, plant and equipment

Vehicles

Fixtures & fittings

Office Equipment

Total

££££
Cost or valuation
At 01 October 22128,74518,90411,752159,401
Additions-1492,2802,429
Disposals-(4,021)(2,000)(6,021)
At 30 September 23128,74515,03212,032155,809
Depreciation and impairment
At 01 October 2296,53811,6165,595113,749
Charge for year6,4401,2061,5029,148
On disposals-(2,612)(1,071)(3,683)
At 30 September 23102,97810,2106,026119,214
Net book value
At 30 September 2325,7674,8226,00636,595
At 30 September 2232,2077,2886,15745,652
6.Description of nature of transactions and balances with related parties
The ultimate controlling party is the director C Eliades by virtue of his beneficial holding in the company. At the balance sheet date the company owed £17,673 (2022 - £17,928) to the director which is an interest free loan with no fixed date for repayment.
7.Debtors

2023

2022

££
Prepayments and accrued income1,4381,223
Total1,4381,223
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
8.Creditors within one year

2023

2022

££
Taxation and social security34,63135,615
Other creditors17,67417,929
Accrued liabilities and deferred income2,6402,330
Total54,94555,874
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
9.Provisions for liabilities

2023

2022

££
Net deferred tax liability (asset)6,9538,674
Total6,9538,674