REGISTERED NUMBER: |
Financial Statements |
for the Year Ended 30 November 2023 |
for |
Purdome Limited |
REGISTERED NUMBER: |
Financial Statements |
for the Year Ended 30 November 2023 |
for |
Purdome Limited |
Purdome Limited (Registered number: 01094019) |
Contents of the Financial Statements |
for the Year Ended 30 November 2023 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
Purdome Limited |
Company Information |
for the Year Ended 30 November 2023 |
DIRECTOR: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
Purdome Limited (Registered number: 01094019) |
Balance Sheet |
30 November 2023 |
30.11.23 | 30.11.22 |
Notes | £ | £ | £ | £ |
Fixed assets |
Intangible assets | 4 |
Tangible assets | 5 |
Current assets |
Stocks |
Debtors | 6 |
Cash at bank and in hand |
Creditors |
Amounts falling due within one year | 7 |
Net current assets |
Total assets less current liabilities |
Creditors |
Amounts falling due after more than one year |
8 |
Net assets |
Capital and reserves |
Called up share capital |
Retained earnings |
Shareholders' funds |
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. |
Purdome Limited (Registered number: 01094019) |
Balance Sheet - continued |
30 November 2023 |
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 |
Purdome Limited (Registered number: 01094019) |
Notes to the Financial Statements |
for the Year Ended 30 November 2023 |
1. | Statutory information |
Purdome Limited is a |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | Accounting policies |
Basis of preparing the financial statements |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
Goodwill |
Goodwill, being the amount paid in connection with the acquisition of the business is being |
amortised evenly over its useful economic life |
Intangible assets |
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses. |
Tangible fixed assets |
Freehold property | - |
Fixtures and fittings | - |
Motor vehicles | - |
Computer equipment | - |
Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
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. |
Purdome Limited (Registered number: 01094019) |
Notes to the Financial Statements - continued |
for the Year Ended 30 November 2023 |
2. | Accounting policies - continued |
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. |
No provision for Deferred tax has been made in these accounts as timing differences that have originated are likely to be reversed in the forseeable future. |
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. |
3. | Employees and directors |
The average number of employees during the year was |
4. | Intangible fixed assets |
Goodwill |
£ |
Cost |
At 1 December 2022 |
and 30 November 2023 |
Amortisation |
At 1 December 2022 |
and 30 November 2023 |
Net book value |
At 30 November 2023 |
At 30 November 2022 |
Purdome Limited (Registered number: 01094019) |
Notes to the Financial Statements - continued |
for the Year Ended 30 November 2023 |
5. | Tangible fixed assets |
Fixtures |
Freehold | and | Motor | Computer |
property | fittings | vehicles | equipment | Totals |
£ | £ | £ | £ | £ |
Cost |
At 1 December 2022 |
Additions |
At 30 November 2023 |
Depreciation |
At 1 December 2022 |
Charge for year |
At 30 November 2023 |
Net book value |
At 30 November 2023 |
At 30 November 2022 |
In the opinion of the director the market value of the Land & buildings would be approximately |
£1,000,000 ( 2022 £1,000,000). |
6. | Debtors |
30.11.23 | 30.11.22 |
£ | £ |
Amounts falling due within one year: |
Trade debtors |
Other debtors |
Amounts falling due after more than one year: |
Amount owed from Parent Undertaking |
Aggregate amounts |
7. | Creditors: amounts falling due within one year |
30.11.23 | 30.11.22 |
£ | £ |
Bank loans and overdrafts |
Hire purchase contracts |
Trade creditors |
Taxation and social security |
Other creditors |
Purdome Limited (Registered number: 01094019) |
Notes to the Financial Statements - continued |
for the Year Ended 30 November 2023 |
8. | Creditors: amounts falling due after more than one year |
30.11.23 | 30.11.22 |
£ | £ |
Bank loans |
Hire purchase contracts |
9. | Secured debts |
The following secured debts are included within creditors: |
30.11.23 | 30.11.22 |
£ | £ |
Hire purchase contracts | 62,872 | 81,564 |
The Hire Purchase Creditor is secured on the Motor Vehicle. |
10. | Director's advances, credits and guarantees |
The following advances and credits to a director subsisted during the years ended 30 November 2023 and 30 November 2022: |
30.11.23 | 30.11.22 |
£ | £ |
Balance outstanding at start of year |
Amounts advanced |
Amounts repaid |
Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of year |
The Director's Loan balance was fully repaid on 17 June 2024.. |
11. | Related party disclosures |
Cienna Limited is the ultimate holding company of Purdome Limited. |
During the year: |
(i) The company paid a dividend of £100,000 (2022 £100,000) to Cienna Limited |
(ii) The company paid a commercial administration and Overheads charge of £ 25,000 (2022 |
£25,000) to Cienna Limited. |
(iii) At the year end the company was owed £ 485,298 (2022 £492,345) by Cienna limited. |
12. | Ultimate controlling party |
The company is under the control of Cienna limited ; the director together with his wife own the entire share capital of Cienna Limited. |