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REGISTERED NUMBER: 08533401 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2023

FOR

PURPLES PROPERTIES LIMITED

PURPLES PROPERTIES LIMITED (REGISTERED NUMBER: 08533401)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


PURPLES PROPERTIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2023







DIRECTOR: Mrs N J Harrison





SECRETARY: Mrs N J Harrison





REGISTERED OFFICE: Lothing House
Quay View Business Park
Barnards Way
Lowestoft
Suffolk
NR32 2HD





REGISTERED NUMBER: 08533401 (England and Wales)





ACCOUNTANTS: Juler Tooke
Lothing House
Quay View Business Park
Barnards Way
Lowestoft
Suffolk
NR32 2HD

PURPLES PROPERTIES LIMITED (REGISTERED NUMBER: 08533401)

BALANCE SHEET
31 AUGUST 2023

31.8.23 31.8.22
Notes £    £   
FIXED ASSETS
Tangible assets 4 986,340 542,906

CURRENT ASSETS
Cash at bank 14,364 42,795

CREDITORS
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

CAPITAL AND RESERVES
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 (REGISTERED NUMBER: 08533401)

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

1. STATUTORY INFORMATION

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.

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 - 20% on reducing balance

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 NIL (2022 - NIL).

PURPLES PROPERTIES LIMITED (REGISTERED NUMBER: 08533401)

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

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST OR VALUATION
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
DEPRECIATION
At 1 September 2022 - 12,161 12,161
Charge for year - 1,695 1,695
At 31 August 2023 - 13,856 13,856
NET BOOK VALUE
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:

Plant and
Land and machinery
buildings etc Totals
£    £    £   
Valuation in 2023 156,899 - 156,899
Cost 822,663 20,634 843,297
979,562 20,634 1,000,196

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Trade creditors 17,772 20,753
Taxation and social security 19,821 16,837
Other creditors 546,433 336,130
584,026 373,720

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.8.23 31.8.22
value: £    £   
100 Ordinary £1 shares £1 100 100
4 B, C, D and E Shares £1 4 4
104 104

PURPLES PROPERTIES LIMITED (REGISTERED NUMBER: 08533401)

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

7. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

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.)