PURPLE BEAR PROPERTIES LIMITED |
Registered number: |
11829408 |
Balance Sheet |
as at 31 July 2024 |
|
Notes |
|
|
2024 |
|
|
2023 |
£ |
£ |
Fixed assets |
Tangible assets |
8 |
|
|
475,000 |
|
|
475,000 |
|
Current assets |
Debtors |
9 |
|
- |
|
|
1,225 |
Cash at bank and in hand |
|
|
10,485 |
|
|
12,668 |
|
|
|
10,485 |
|
|
13,893 |
|
Creditors: amounts falling due within one year |
10 |
|
(1,635) |
|
|
(875) |
|
Net current assets |
|
|
|
8,850 |
|
|
13,018 |
|
Total assets less current liabilities |
|
|
|
483,850 |
|
|
488,018 |
|
Creditors: amounts falling due after more than one year |
11 |
|
|
(443,983) |
|
|
(451,183) |
|
Provisions for liabilities |
|
|
|
(6,240) |
|
|
(6,240) |
|
|
Net assets |
|
|
|
33,627 |
|
|
30,595 |
|
|
|
|
|
|
|
|
Capital and reserves |
Called up share capital |
|
|
|
90 |
|
|
90 |
Profit and loss account |
|
|
|
33,537 |
|
|
30,505 |
|
Shareholder's funds |
|
|
|
33,627 |
|
|
30,595 |
|
|
|
|
|
|
|
|
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
The member has not required the company to obtain an audit in accordance with section 476 of the Act. |
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
Justin Lee Walton |
Director |
Approved by the board on 16 October 2024 |
|
PURPLE BEAR PROPERTIES LIMITED |
Notes to the Accounts |
for the year ended 31 July 2024 |
|
|
1 |
STATUTORY INFORMATION |
|
|
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page. |
|
|
2 |
COMPLIANCE WITH APPLICABLE REPORTING FRAMEWORK |
|
|
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard. |
|
|
3 |
BASIS OF MEASUREMENT USED IN FINANCIAL STATEMENTS |
|
|
The accounts are prepared on a going concern basis, under the historical cost convention, as modified by the recognition of certain financial assets and liabilities measured at fair value. |
|
|
4 |
ACCOUNTING POLICIES |
|
|
|
Revenue recognition policy |
|
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. |
|
|
Property, plant and equipment policy |
|
Investment property is included at fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold. |
|
|
5 |
Deferred tax policy |
|
|
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted. |
|
|
6 |
Foreign currency translation and operations policy |
|
|
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss. |
|
|
|
7 |
Employees |
2024 |
|
2023 |
Number |
Number |
|
|
Average number of persons employed by the company |
0 |
|
0 |
|
|
|
|
|
|
|
|
|
|
8 |
Tangible fixed assets |
|
|
|
|
|
|
|
|
Land and buildings |
£ |
|
Cost |
|
At 1 August 2023 |
475,000 |
|
At 31 July 2024 |
475,000 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 31 July 2024 |
- |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 July 2024 |
475,000 |
|
At 31 July 2023 |
475,000 |
|
|
9 |
Debtors |
2024 |
|
2023 |
£ |
£ |
|
|
Prepayments |
|
|
|
|
- |
|
1,225 |
|
|
|
|
|
|
|
|
|
|
10 |
Creditors: amounts falling due within one year |
2024 |
|
2023 |
£ |
£ |
|
|
Trade creditors |
465 |
|
875 |
|
Accruals |
|
|
|
|
376 |
|
- |
|
Taxation and social security costs |
588 |
|
- |
|
Other creditors |
206 |
|
- |
|
|
|
|
|
|
1,635 |
|
875 |
|
|
|
|
|
|
|
|
|
|
11 |
Creditors: amounts falling due after one year |
2024 |
|
2023 |
£ |
£ |
|
|
Bank loans |
308,805 |
|
308,805 |
|
Other creditors |
135,178 |
|
142,378 |
|
|
|
|
|
|
443,983 |
|
451,183 |
|
|
|
|
|
|
|
|
|
|
12 |
Other information |
|
|
PURPLE BEAR PROPERTIES LIMITED is a private company limited by shares and incorporated in England. Its registered office is: |
|
71-75 Shelton Street |
|
London |
|
Greater London |
|
United Kingdom |
|
WC2H 9JQ |