IRIS Accounts Production
v23.2.0.158
08533401
director
1.9.22
31.8.23
31.8.23
0
0
false
true
false
false
true
false
Ordinary £1 shares
1.00000
B, C, D and E Shares
1.00000
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REGISTERED NUMBER: 08533401 (England and Wales) |
| UNAUDITED FINANCIAL STATEMENTS | |
| FOR THE YEAR ENDED 31 AUGUST 2023 | |
| PURPLES PROPERTIES LIMITED | |
|
Notes to the Financial Statements |
3 |
|
|
DIRECTOR: |
Mrs N J Harrison |
|
SECRETARY: |
Mrs N J Harrison |
|
REGISTERED OFFICE: |
Lothing House |
|
REGISTERED NUMBER: |
08533401 (England and Wales) |
Tangible assets |
4 |
986,340 |
|
542,906 |
|
|
Cash at bank |
14,364 |
|
42,795 |
|
|
Amounts falling due within one year |
5 |
(584,026 |
) |
(373,720 |
) |
|
NET CURRENT LIABILITIES |
(569,662 |
) |
(330,925 |
) |
|
TOTAL ASSETS LESS CURRENT LIABILITIES |
416,678 |
|
211,981 |
|
|
PROVISIONS FOR LIABILITIES |
(40,920 |
) |
(1,093 |
) |
|
NET ASSETS |
375,758 |
|
210,888 |
|
|
Called up share capital |
6 |
104 |
|
104 |
|
|
Fair value reserve |
7 |
156,899 |
|
- |
|
|
Retained earnings |
7 |
218,755 |
|
210,784 |
|
|
SHAREHOLDERS' FUNDS |
375,758 |
|
210,888 |
|
|
The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2023. |
The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 11 January 2024 and were signed by: |
Mrs N J Harrison - Director |
|
Purples Properties 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. |
|
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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
|
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. |
|
Plant and machinery etc |
- |
20% on reducing balance |
| 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 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 NIL (2022 - NIL). |
|
At 1 September 2022 |
537,152 |
|
17,915 |
|
555,067 |
|
|
|
Additions |
285,511 |
|
2,719 |
|
288,230 |
|
|
|
Revaluations |
156,899 |
|
- |
|
156,899 |
|
|
|
At 31 August 2023 |
979,562 |
|
20,634 |
|
1,000,196 |
|
|
|
At 1 September 2022 |
- |
|
12,161 |
|
12,161 |
|
|
|
Charge for year |
- |
|
1,695 |
|
1,695 |
|
|
|
At 31 August 2023 |
- |
|
13,856 |
|
13,856 |
|
|
|
At 31 August 2023 |
979,562 |
|
6,778 |
|
986,340 |
|
|
|
At 31 August 2022 |
537,152 |
|
5,754 |
|
542,906 |
|
|
|
Cost or valuation at 31 August 2023 is represented by: |
|
Valuation in 2023 |
156,899 |
|
- |
|
156,899 |
|
|
|
Cost |
822,663 |
|
20,634 |
|
843,297 |
|
|
5. |
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
|
|
Trade creditors |
17,772 |
|
20,753 |
|
|
|
Taxation and social security |
19,821 |
|
16,837 |
|
|
|
Other creditors |
546,433 |
|
336,130 |
|
|
6. |
CALLED UP SHARE CAPITAL |
|
Allotted, issued and fully paid: |
|
Number: |
Class: |
Nominal |
31.8.23 |
|
31.8.22 |
|
100 |
Ordinary £1 shares |
£1 |
100 |
|
100 |
|
|
|
4 |
B, C, D and E Shares |
£1 |
4 |
|
4 |
|
|
|
At 1 September 2022 |
210,784 |
|
- |
|
210,784 |
|
|
|
Profit for the year |
9,971 |
|
9,971 |
|
|
|
Dividends |
(2,000 |
) |
(2,000 |
) |
|
|
Non-distributable reserves |
- |
|
156,899 |
|
156,899 |
|
|
|
At 31 August 2023 |
218,755 |
|
156,899 |
|
375,654 |
|
|
8. |
ULTIMATE CONTROLLING PARTY |
|
The company was under the control of Mrs N J Harrison as holder of the share capital throughout the current and previous year. |
|
The company operates a Loan account with the Director and the balance as at 31 August 2023 was £546,433. (31 August 2022 was £336,130.) |