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REGISTERED NUMBER: 12998724 (England and Wales)







ABRIDGED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2023

FOR

PURPLE PROPERTIES & INVESTMENTS LTD

PURPLE PROPERTIES & INVESTMENTS LTD (REGISTERED NUMBER: 12998724)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


PURPLE PROPERTIES & INVESTMENTS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2023







DIRECTOR: Mr S Shemetras





REGISTERED OFFICE: Solar House
282 Chase Road
London
N14 6NZ





REGISTERED NUMBER: 12998724 (England and Wales)





ACCOUNTANTS: Freemans Partnership LLP
Chartered Certified Accountants
Solar House
282 Chase Road
London
N14 6NZ

PURPLE PROPERTIES & INVESTMENTS LTD (REGISTERED NUMBER: 12998724)

ABRIDGED BALANCE SHEET
30 NOVEMBER 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,081 2,332
Investment property 5 326,283 232,303
328,364 234,635

CURRENT ASSETS
Debtors - 75,000
Cash at bank and in hand 8,977 1,874
8,977 76,874
CREDITORS
Amounts falling due within one year 46,500 132,244
NET CURRENT LIABILITIES (37,523 ) (55,370 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

290,841

179,265

CREDITORS
Amounts falling due after more than one
year

6

284,307

177,230
NET ASSETS 6,534 2,035

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 6,434 1,935
SHAREHOLDERS' FUNDS 6,534 2,035

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

PURPLE PROPERTIES & INVESTMENTS LTD (REGISTERED NUMBER: 12998724)

ABRIDGED BALANCE SHEET - continued
30 NOVEMBER 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Statement of Income and Retained Earnings and an abridged Balance Sheet for the year ended 30 November 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 4 April 2024 and were signed by:





Mr S Shemetras - Director


PURPLE PROPERTIES & INVESTMENTS LTD (REGISTERED NUMBER: 12998724)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023


1. STATUTORY INFORMATION

Purple Properties & Investments Ltd 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.

Turnover
Turnover represents amounts derived from rents charged to tenants during the year, and is recognised at the date the rental period occurred. This is stated after trade discounts 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.
Fixtures and fittings - 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 Statement of Income and Retained Earnings, 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

PURPLE PROPERTIES & INVESTMENTS LTD (REGISTERED NUMBER: 12998724)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023


4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 December 2022 4,146
Additions 443
At 30 November 2023 4,589
DEPRECIATION
At 1 December 2022 1,814
Charge for year 694
At 30 November 2023 2,508
NET BOOK VALUE
At 30 November 2023 2,081
At 30 November 2022 2,332

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 December 2022 232,303
Additions 93,980
At 30 November 2023 326,283
NET BOOK VALUE
At 30 November 2023 326,283
At 30 November 2022 232,303

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS
30.11.23 30.11.22
£    £   
Repayable by instalments
Bank loans more 5 yr by instal 182,307 150,649

7. LOANS

An analysis of the maturity of loans is given below:

30.11.23 30.11.22
£    £   
Amounts falling due within one year or on demand:
Bank loans - 6,645

PURPLE PROPERTIES & INVESTMENTS LTD (REGISTERED NUMBER: 12998724)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023


7. LOANS - continued
30.11.23 30.11.22
£    £   
Amounts falling due between one and two years:
Bank loans - 1-2 years - 6,645

Amounts falling due between two and five years:
Bank loans - 2-5 years 102,000 19,936

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 182,307 150,649

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.11.23 30.11.22
value: £    £   
100 Ordinary £1 100 100