Registered number
11829408
PURPLE BEAR PROPERTIES LIMITED
Filleted Accounts
31 July 2024
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
PURPLE BEAR PROPERTIES LIMITED 11829408 false 2023-08-01 2024-07-31 2024-07-31 VT Final Accounts April 2024 Justin Lee Walton No description of principal activity 11829408 2022-08-01 2023-07-31 11829408 core:WithinOneYear 2023-07-31 11829408 core:AfterOneYear 2023-07-31 11829408 core:ShareCapital 2023-07-31 11829408 core:RetainedEarningsAccumulatedLosses 2023-07-31 11829408 2023-08-01 2024-07-31 11829408 bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 11829408 bus:AuditExemptWithAccountantsReport 2023-08-01 2024-07-31 11829408 bus:Director40 2023-08-01 2024-07-31 11829408 countries:England 2023-08-01 2024-07-31 11829408 bus:FRS102 2023-08-01 2024-07-31 11829408 bus:FilletedAccounts 2023-08-01 2024-07-31 11829408 2024-07-31 11829408 core:WithinOneYear 2024-07-31 11829408 core:AfterOneYear 2024-07-31 11829408 core:ShareCapital 2024-07-31 11829408 core:RetainedEarningsAccumulatedLosses 2024-07-31 11829408 core:LandBuildings 2024-07-31 11829408 2023-07-31 11829408 core:LandBuildings 2023-07-31 iso4217:GBP xbrli:pure