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REGISTERED NUMBER: 13309612 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Purchil Investments Ltd

Purchil Investments Ltd (Registered number: 13309612)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Purchil Investments Ltd

Company Information
for the Year Ended 31 December 2023







DIRECTORS: Mrs E M Fernandez-Prados
F J K Adatsi





REGISTERED OFFICE: 3rd Floor
207 Regent Street
London
London
W1B 3HH





REGISTERED NUMBER: 13309612 (England and Wales)





ACCOUNTANTS: Cowan & Partners Limited
60 Constitution Street
Edinburgh
EH6 6RR

Purchil Investments Ltd (Registered number: 13309612)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes $    $    $    $   
FIXED ASSETS
Tangible assets 4 317 634

CURRENT ASSETS
Investments 5 22,234,987 15,455,062
Cash at bank 391,293 1,924,868
22,626,280 17,379,930
CREDITORS
Amounts falling due within one year 6 8,040 45,940
NET CURRENT ASSETS 22,618,240 17,333,990
TOTAL ASSETS LESS CURRENT
LIABILITIES

22,618,557

17,334,624

CAPITAL AND RESERVES
Called up share capital 24,008,551 24,008,551
Retained earnings (1,389,994 ) (6,673,927 )
22,618,557 17,334,624

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

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 17 April 2024 and were signed on its behalf by:



F J K Adatsi - Director


Purchil Investments Ltd (Registered number: 13309612)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Purchil 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.

The presentation currency of the financial statements is the US Dollar ($).


The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

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.

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 - 33% on cost

Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Taxation
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 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into US dollars at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into US dollars at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Investments
Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

3. EMPLOYEES AND DIRECTORS

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

Purchil Investments Ltd (Registered number: 13309612)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
$   
COST
At 1 January 2023
and 31 December 2023 951
DEPRECIATION
At 1 January 2023 317
Charge for year 317
At 31 December 2023 634
NET BOOK VALUE
At 31 December 2023 317
At 31 December 2022 634

No indicators of impairment were noted in the year.

5. CURRENT ASSET INVESTMENTS
31.12.23 31.12.22
$    $   
Listed investments 22,234,987 15,455,062

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
$    $   
Taxation and social security 4,220 40,877
Other creditors 3,820 5,063
8,040 45,940

7. OFF-BALANCE SHEET ARRANGEMENTS

Goldman Sachs holds a first ranking pledge over the assets of the company.