IRIS Accounts Production v24.2.0.383 00916509 Board of Directors Board of Directors 1.5.23 30.4.24 30.4.24 true false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh009165092023-04-30009165092024-04-30009165092023-05-012024-04-30009165092022-04-30009165092022-05-012023-04-30009165092023-04-3000916509ns15:EnglandWales2023-05-012024-04-3000916509ns14:PoundSterling2023-05-012024-04-3000916509ns10:Director12023-05-012024-04-3000916509ns10:Director22023-05-012024-04-3000916509ns10:PrivateLimitedCompanyLtd2023-05-012024-04-3000916509ns10:SmallEntities2023-05-012024-04-3000916509ns10:AuditExempt-NoAccountantsReport2023-05-012024-04-3000916509ns10:SmallCompaniesRegimeForDirectorsReport2023-05-012024-04-3000916509ns10:SmallCompaniesRegimeForAccounts2023-05-012024-04-3000916509ns10:FullAccounts2023-05-012024-04-3000916509ns10:Director32023-05-012024-04-3000916509ns10:CompanySecretary12023-05-012024-04-3000916509ns10:RegisteredOffice2023-05-012024-04-3000916509ns5:CurrentFinancialInstruments2024-04-3000916509ns5:CurrentFinancialInstruments2023-04-3000916509ns5:Non-currentFinancialInstruments2024-04-3000916509ns5:Non-currentFinancialInstruments2023-04-3000916509ns5:ShareCapital2024-04-3000916509ns5:ShareCapital2023-04-3000916509ns5:SharePremium2024-04-3000916509ns5:SharePremium2023-04-3000916509ns5:FurtherSpecificReserve1ComponentTotalEquity2024-04-3000916509ns5:FurtherSpecificReserve1ComponentTotalEquity2023-04-3000916509ns5:RetainedEarningsAccumulatedLosses2024-04-3000916509ns5:RetainedEarningsAccumulatedLosses2023-04-3000916509ns5:LongLeaseholdAssetsns5:LandBuildings2023-05-012024-04-3000916509ns5:ComputerEquipment2023-05-012024-04-3000916509ns5:LongLeaseholdAssetsns5:LandBuildings2023-04-3000916509ns5:ComputerEquipment2023-04-3000916509ns5:LongLeaseholdAssetsns5:LandBuildings2024-04-3000916509ns5:ComputerEquipment2024-04-3000916509ns5:LongLeaseholdAssetsns5:LandBuildings2023-04-3000916509ns5:ComputerEquipment2023-04-3000916509ns5:CostValuation2023-04-3000916509ns5:WithinOneYearns5:CurrentFinancialInstruments2024-04-3000916509ns5:WithinOneYearns5:CurrentFinancialInstruments2023-04-3000916509ns5:Secured2024-04-3000916509ns5:Secured2023-04-3000916509ns5:DeferredTaxation2023-04-3000916509ns5:DeferredTaxation2023-05-012024-04-3000916509ns5:DeferredTaxation2024-04-300091650912023-05-012024-04-30
REGISTERED NUMBER: 00916509 (England and Wales)












PURLIEU CONSTRUCTION COMPANY LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024






PURLIEU CONSTRUCTION COMPANY LIMITED (REGISTERED NUMBER: 00916509)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PURLIEU CONSTRUCTION COMPANY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: Mrs J M Dunning
T J Dunning
W N Dunning





SECRETARY: Mrs J M Dunning





REGISTERED OFFICE: Hardley Industrial Estate
Hardley
Southampton
Hampshire
SO45 3NQ





REGISTERED NUMBER: 00916509 (England and Wales)

PURLIEU CONSTRUCTION COMPANY LIMITED (REGISTERED NUMBER: 00916509)

BALANCE SHEET
30 APRIL 2024

2024 2023
Notes £ £
FIXED ASSETS
Tangible assets 4 2,500,040 2,556,887
Investments 5 564,563 564,563
Investment property 6 3,053,976 2,521,000
6,118,579 5,642,450

CURRENT ASSETS
Stocks 397,250 175,752
Debtors 7 520 19,640
Cash at bank and in hand 23,327 36,745
421,097 232,137
CREDITORS
Amounts falling due within one year 8 (372,189 ) (116,456 )
NET CURRENT ASSETS 48,908 115,681
TOTAL ASSETS LESS CURRENT
LIABILITIES

6,167,487

5,758,131

CREDITORS
Amounts falling due after more than one year 9 (197,185 ) (232,153 )

PROVISIONS FOR LIABILITIES 11 (552,872 ) (419,628 )
NET ASSETS 5,417,430 5,106,350

PURLIEU CONSTRUCTION COMPANY LIMITED (REGISTERED NUMBER: 00916509)

BALANCE SHEET - continued
30 APRIL 2024

2024 2023
Notes £ £
CAPITAL AND RESERVES
Called up share capital 3,378 3,378
Share premium 646,604 646,604
Non distributable reserve 1,606,036 1,206,304
Retained earnings 3,161,412 3,250,064
SHAREHOLDERS' FUNDS 5,417,430 5,106,350

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 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 25 September 2024 and were signed on its behalf by:




W N Dunning - Director



T J Dunning - Director


PURLIEU CONSTRUCTION COMPANY LIMITED (REGISTERED NUMBER: 00916509)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024


1. STATUTORY INFORMATION

Purlieu Construction Company 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 FRS 102 "The Financial Reporting Standards 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 disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

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 £1.

The financial statements have been prepared under the historical cost convention, modified to include certain financial instruments at fair value. The principal accounting policies adopted are set out below.

The company has taken advantage of the small companies' exemption not to prepare consolidated accounts.

Preparation of consolidated financial statements
The financial statements contain information about Purlieu Construction Company Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover
Turnover represents rental and investment income excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Long leasehold - 2% Straight line
Computer equipment - 25% Reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset and is recognised in the income statement.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Investment property
Investment property is recognised at fair value in accordance with FRS 102. Any surplus arising on a change in revaluation is recognised in profit and loss.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

PURLIEU CONSTRUCTION COMPANY LIMITED (REGISTERED NUMBER: 00916509)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


2. ACCOUNTING POLICIES - continued

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

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.

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.

Financial assets
The Company has elected to apply the provision of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial assets are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Basic financial assets, which include trade and other receivables and cash and bank balances are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method, unless the arrangement constitutes a financial transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Financial liabilities
Basic financial liabilities which include trade and other payables, are initially measured at transaction price and subsequently measured at amortised cost, unless the arrangement constitutes a financing transaction where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

PURLIEU CONSTRUCTION COMPANY LIMITED (REGISTERED NUMBER: 00916509)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


4. TANGIBLE FIXED ASSETS
Long Computer
leasehold equipment Totals
£ £ £
COST
At 1 May 2023
and 30 April 2024 2,842,290 457 2,842,747
DEPRECIATION
At 1 May 2023 285,403 457 285,860
Charge for year 56,847 - 56,847
At 30 April 2024 342,250 457 342,707
NET BOOK VALUE
At 30 April 2024 2,500,040 - 2,500,040
At 30 April 2023 2,556,887 - 2,556,887

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£
COST
At 1 May 2023
and 30 April 2024 564,563
NET BOOK VALUE
At 30 April 2024 564,563
At 30 April 2023 564,563

6. INVESTMENT PROPERTY
Total
£
COST OR VALUATION
At 1 May 2023 2,521,000
Revaluations 532,976
At 30 April 2024 3,053,976
NET BOOK VALUE
At 30 April 2024 3,053,976
At 30 April 2023 2,521,000


PURLIEU CONSTRUCTION COMPANY LIMITED (REGISTERED NUMBER: 00916509)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors 520 7,640
Amounts owed by group undertakings - 12,000
520 19,640

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Bank loans and overdrafts 41,148 40,152
Trade creditors 37,028 44,346
Amounts owed to group undertakings 258,000 -
Taxation and social security 15,730 14,824
Other creditors 20,283 17,134
372,189 116,456

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£ £
Bank loans 197,185 232,153

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£ £
Bank loans 238,333 272,305

Bank borrowing is secured by a charge against the company's freehold and long leasehold property.

11. PROVISIONS FOR LIABILITIES
2024 2023
£ £
Deferred tax 552,872 419,628

PURLIEU CONSTRUCTION COMPANY LIMITED (REGISTERED NUMBER: 00916509)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


11. PROVISIONS FOR LIABILITIES - continued

Deferred tax
£
Balance at 1 May 2023 419,628
Provided during year 133,244
Balance at 30 April 2024 552,872

The balance above relates to deferred tax on revaluation of investment properties.

12. POST BALANCE SHEET EVENTS

On 11 June 2024 the company completed a de-merger of its investment in P C Building Supplies Limited, which is now owned by PCBS Holdco Limited.