33 Purley Downs Limited
Unaudited Financial Statements
For the year ended 31 December 2023
Pages for Filing with Registrar
Company Registration No. 09868541 (England and Wales)
33 Purley Downs Limited
Contents
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 5
33 Purley Downs Limited
Balance Sheet
As at 31 December 2023
Page 1
2023
2022
Notes
£
£
£
£
Current assets
Stock
5,994,400
3,330,095
Debtors
3
5,185
92,730
Cash at bank and in hand
21,119
3,391
6,020,704
3,426,216
Creditors: amounts falling due within one year
4
(3,788,852)
(3,527,035)
Net current assets/(liabilities)
2,231,852
(100,819)
Creditors: amounts falling due after more than one year
5
(2,337,123)
-
0
Net liabilities
(105,271)
(100,819)
Capital and reserves
Called up share capital
6
100
100
Profit and loss reserves
(105,371)
(100,919)
Total equity
(105,271)
(100,819)

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

33 Purley Downs Limited
Balance Sheet (Continued)
As at 31 December 2023
Page 2
The financial statements were approved by the board of directors and authorised for issue on 13 August 2024 and are signed on its behalf by:
DK Van Zyl
Director
Company Registration No. 09868541
33 Purley Downs Limited
Notes to the Financial Statements
For the year ended 31 December 2023
Page 3
1
Accounting policies
Company information

33 Purley Downs Limited is a private company limited by shares, domiciled and incorporated in England and Wales. The registered office is 6th Floor, 9 Appold Street, London, EC2A 2AP.

1.1
Accounting convention

These financial statements have been prepared in accordance with Section 1A of FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

At the year, the company had incurred loss for £4,452 (2022: £91,334) and at the balance sheet date, the company had net liabilities for £105,271 (2022: £100,819). true

At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Turnover

Turnover is recognised at the fair value of the consideration receivable for properties sold in the normal course of business, and is shown net of VAT and other sales related taxes.

1.4
Stock

Stock are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stock to their present location and condition.

 

Stock held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stock over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

1.5
Cash at bank and in hand

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.6
Financial instruments

Basic financial instruments are measured at cost. The company has no other financial instruments or basic financial instruments measured at fair value.

33 Purley Downs Limited
Notes to the Financial Statements (Continued)
For the year ended 31 December 2023
1
Accounting policies
(Continued)
Page 4
1.7
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was :

2023
2022
Number
Number
Total
2
2
3
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
-
0
64,850
Other debtors
5,185
27,880
5,185
92,730
4
Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
418
12,894
Other creditors
3,786,134
3,511,636
Accruals and deferred income
2,300
2,505
3,788,852
3,527,035
5
Creditors: amounts falling due after more than one year
2023
2022
£
£
Other creditors
2,337,123
-

 

33 Purley Downs Limited
Notes to the Financial Statements (Continued)
For the year ended 31 December 2023
Page 5
6
Called up share capital
2023
2022
2023
2022
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
100
100
100
100
7
Related party transactions

Included within other creditors is a balance of £3,786,134 (2022: £3,511,636) owed to Synovia Holdings Limited, a company under common control.

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