Company Registration No. 13698491 (England and Wales)
Purslane & Intl Limited
Unaudited accounts
for the year ended 31 October 2023
Purslane & Intl Limited
Unaudited accounts
Contents
Purslane & Intl Limited
Company Information
for the year ended 31 October 2023
Directors
Bing FEI
Suying ZHANG
Company Number
13698491 (England and Wales)
Registered Office
1 ALBERT ROAD
WARLINGHAM
SURREY
CR6 9EP
UNITED KINGDOM
Accountants
Fortune UK Accountants Ltd
4a Nelson Road
London
GB
SE10 9JB
Purslane & Intl Limited
Statement of financial position
as at 31 October 2023
Tangible assets
3,660
4,880
Investment property
1,390,835
1,390,835
Cash at bank and in hand
57,034
-
Creditors: amounts falling due within one year
(1,315,245)
(1,274,372)
Net current liabilities
(1,258,211)
(1,268,392)
Net assets
136,284
127,323
Called up share capital
100
100
Profit and loss account
136,184
127,223
Shareholders' funds
136,284
127,323
For the year ending 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 28 November 2023 and were signed on its behalf by
Bing FEI
Director
Company Registration No. 13698491
Purslane & Intl Limited
Notes to the Accounts
for the year ended 31 October 2023
Purslane & Intl Limited is a private company, limited by shares, registered in England and Wales, registration number 13698491. The registered office is 1 ALBERT ROAD, WARLINGHAM, SURREY, CR6 9EP, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
20% straight line
Purslane & Intl Limited
Notes to the Accounts
for the year ended 31 October 2023
4
Tangible fixed assets
Fixtures & fittings
Fair value at 1 November 2022
1,390,835
At 31 October 2023
1,390,835
Amounts falling due within one year
7
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
2,480
12,492
Loans from directors
1,298,265
1,247,380
Deferred income
14,500
14,500
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
9
Average number of employees
During the year the average number of employees was 2 (2022: 0).