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REGISTERED NUMBER: 04294863 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

PURE LINEN (HOLDINGS) LIMITED

PURE LINEN (HOLDINGS) LIMITED (REGISTERED NUMBER: 04294863)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PURE LINEN (HOLDINGS) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: T J Kendal
Ms L K Kendal
Ms D J Kendal





REGISTERED OFFICE: White Hart House
Silwood Road
Ascot
Berkshire
SL5 0PY





REGISTERED NUMBER: 04294863 (England and Wales)





ACCOUNTANTS: Wentworths & Associates Limited
White Hart House
Silwood Road
Ascot
Berkshire
SL5 0PY

PURE LINEN (HOLDINGS) LIMITED (REGISTERED NUMBER: 04294863)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 2,575
Investment property 5 3,275,001 3,275,001
3,275,001 3,277,576

CURRENT ASSETS
Debtors 6 15,620 22,077
Cash at bank 21,242 12,358
36,862 34,435
CREDITORS
Amounts falling due within one year 7 32,662 47,457
NET CURRENT ASSETS/(LIABILITIES) 4,200 (13,022 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,279,201

3,264,554

CREDITORS
Amounts falling due after more than one
year

8

(684,000

)

(702,034

)

PROVISIONS FOR LIABILITIES (535,394 ) (359,225 )
NET ASSETS 2,059,807 2,203,295

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Other reserves 1,782,842 1,782,842
Retained earnings 275,965 419,453
SHAREHOLDERS' FUNDS 2,059,807 2,203,295

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

PURE LINEN (HOLDINGS) LIMITED (REGISTERED NUMBER: 04294863)

BALANCE SHEET - continued
31 MARCH 2023


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 Board of Directors and authorised for issue on 23 December 2023 and were signed on its behalf by:





Ms D J Kendal - Director


PURE LINEN (HOLDINGS) LIMITED (REGISTERED NUMBER: 04294863)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1. STATUTORY INFORMATION

Pure Linen (Holdings) 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

PURE LINEN (HOLDINGS) LIMITED (REGISTERED NUMBER: 04294863)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2022 12,809
Disposals (12,809 )
At 31 March 2023 -
DEPRECIATION
At 1 April 2022 10,234
Eliminated on disposal (10,234 )
At 31 March 2023 -
NET BOOK VALUE
At 31 March 2023 -
At 31 March 2022 2,575

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2022
and 31 March 2023 3,275,001
NET BOOK VALUE
At 31 March 2023 3,275,001
At 31 March 2022 3,275,001

Fair value at 31 March 2023 is represented by:
£   
Valuation in 2015 1,579,228
Valuation in 2018 777,349
Valuation in 2019 (214,999 )
Cost 1,133,423
3,275,001

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 15,620 22,077

PURE LINEN (HOLDINGS) LIMITED (REGISTERED NUMBER: 04294863)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 16,872 37,776
Taxation and social security 10,609 367
Other creditors 5,181 9,314
32,662 47,457

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 684,000 702,034

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2023 and 31 March 2022:

2023 2022
£    £   
Ms D J Kendal
Balance outstanding at start of year - 5,784
Amounts advanced 15,620 -
Amounts repaid - (5,784 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 15,620 -