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REGISTERED NUMBER: 06623753 (England and Wales)







UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

PURDEY LORIMER LIMITED

PURDEY LORIMER LIMITED (REGISTERED NUMBER: 06623753)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


PURDEY LORIMER LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTORS: Mrs E Wright
Mr M Wright





SECRETARY: Mr M Wright





REGISTERED OFFICE: 5 Giffard Court
Millbrook Close
Northampton
Northamptonshire
NN5 5JF





REGISTERED NUMBER: 06623753 (England and Wales)





ACCOUNTANTS: Cube Partners Limited
Chartered Accountants
5 Giffard Court
Millbrook Close
Northampton
Northamptonshire
NN5 5JF

PURDEY LORIMER LIMITED (REGISTERED NUMBER: 06623753)

BALANCE SHEET
30 JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,057 -
Investment property 5 3,697,000 3,741,000
3,698,057 3,741,000

CURRENT ASSETS
Debtors 6 2,772 10,043
Cash at bank and in hand 60,281 62,115
63,053 72,158
CREDITORS
Amounts falling due within one year 7 736,687 1,104,300
NET CURRENT LIABILITIES (673,634 ) (1,032,142 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,024,423

2,708,858

CREDITORS
Amounts falling due after more than one year 8 (1,053,600 ) (733,600 )

PROVISIONS FOR LIABILITIES (479,875 ) -
NET ASSETS 1,490,948 1,975,258

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 10 1,438,834 1,962,445
Retained earnings 52,014 12,713
1,490,948 1,975,258

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 24 September 2024 and were signed on its behalf by:




Mrs E Wright - Director


PURDEY LORIMER LIMITED (REGISTERED NUMBER: 06623753)

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

1. STATUTORY INFORMATION

Purdey Lorimer 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax 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 - 33% on cost
Computer equipment - 25% on cost

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 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

PURDEY LORIMER LIMITED (REGISTERED NUMBER: 06623753)

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

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 July 2023 4,224 - 4,224
Additions - 1,080 1,080
Disposals (829 ) - (829 )
At 30 June 2024 3,395 1,080 4,475
DEPRECIATION
At 1 July 2023 4,224 - 4,224
Charge for year - 23 23
Eliminated on disposal (829 ) - (829 )
At 30 June 2024 3,395 23 3,418
NET BOOK VALUE
At 30 June 2024 - 1,057 1,057
At 30 June 2023 - - -

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2023 3,741,000
Revaluations (44,000 )
At 30 June 2024 3,697,000
NET BOOK VALUE
At 30 June 2024 3,697,000
At 30 June 2023 3,741,000

Fair value at 30 June 2024 is represented by:
£   
Valuation in 2014 529,359
Valuation in 2023 1,433,086
Valuation in 2024 (44,000 )
Cost 1,778,555
3,697,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 2,150 7,150
Other debtors 622 2,893
2,772 10,043

PURDEY LORIMER LIMITED (REGISTERED NUMBER: 06623753)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts - 1,065,000
Taxation and social security 9,038 4,315
Other creditors 727,649 34,985
736,687 1,104,300

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Other creditors 1,053,600 733,600

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans - 1,065,000

10. RESERVES
Fair
value
reserve
£   
At 1 July 2023 1,962,445
Gain/loss on revaluation (523,611 )

At 30 June 2024 1,438,834

11. RELATED PARTY DISCLOSURES

As at the balance sheet date the company owed the directors £ 1,752,150 ( 2023 £733,912 ) No interest was charged on this loan. There are no fixed repayment terms.