Company registration number SC552625 (Scotland)
PURLOLA LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
PAGES FOR FILING WITH REGISTRAR
PURLOLA LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
PURLOLA LIMITED
BALANCE SHEET
AS AT
31 DECEMBER 2023
31 December 2023
- 1 -
2023
2022
Notes
Fixed assets
Investment properties
3
-
0
1,767,881
Current assets
Cash at bank and in hand
18,170
17,000
Creditors: amounts falling due within one year
4
(222,130)
(1,784,764)
Net current liabilities
(203,960)
(1,767,764)
Total assets less current liabilities
(203,960)
117
Capital and reserves
Called up share capital
117
117
Profit and loss reserves
(204,077)
-
0
Total equity
(203,960)
117

The director of the company has 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 director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The member has 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.

The financial statements were approved and signed by the director and authorised for issue on 20 November 2024
G I M WALKER
G I M Walker
Director
Company Registration No. SC552625
PURLOLA LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
- 2 -
1
Accounting policies
Company information

Purlola Limited is a private company limited by shares incorporated in Scotland. The registered office is Beinn MacDuibh, Cairnadrochit, Braemar, AB35 5YS.

1.1
Accounting convention

These financial statements have been prepared in accordance with 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 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 euros, 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, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

1.2
Going concern

These financial statements are prepared on the going concern basis. At the balance sheet date, the company had net current liabilities of €203,960 (€1,767,764). Included within these liabilities are amounts due to the director of €222,130 (2022 - €1,784,764). The financial statements are prepared on a going concern basis which assumes that the company will continue to meet its liabilities as they fall due. Furthermore, the directors have confirmed they shall continue to support the company to facilitate its ability to continue trading as a going concern for the foreseeable future. As a result, the director has a reasonable expectation that the company will continue in operational existence for the foreseeable future. true

1.3
Investment properties

Investment property is carried at fair value determined annually by the director and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in the Statement of comprehensive income.

2
Employees

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

2023
2022
Number
Number
Total
1
1
3
Investment property
2023
Fair value
At 1 January 2023
1,767,881
Disposals
(1,767,881)
At 31 December 2023
-
0
PURLOLA LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
3
Investment property
(Continued)
- 3 -

The 2023 valuations were made by the director, on an open market value for existing use basis.

4
Creditors: amounts falling due within one year
2023
2022
Other creditors
222,130
1,784,764
5
Related party transactions

During the period, the company made advances of €1,562,634, credits were received of €nil, resulting in amounts due by the company to the director at the end of the period of €222,130 (2022 - 1,784,764).

2023-12-312023-01-01false20 November 2024CCH SoftwareCCH Accounts Production 2024.200No description of principal activityG I M WalkerfalsefalseSC5526252023-01-012023-12-31SC5526252023-12-31SC5526252022-12-31SC552625core:CurrentFinancialInstrumentscore:WithinOneYear2023-12-31SC552625core:CurrentFinancialInstrumentscore:WithinOneYear2022-12-31SC552625core:ShareCapital2023-12-31SC552625core:ShareCapital2022-12-31SC552625core:RetainedEarningsAccumulatedLosses2023-12-31SC552625core:RetainedEarningsAccumulatedLosses2022-12-31SC552625bus:Director12023-01-012023-12-31SC5526252022-01-012022-12-31SC5526252022-12-31SC552625bus:PrivateLimitedCompanyLtd2023-01-012023-12-31SC552625bus:SmallCompaniesRegimeForAccounts2023-01-012023-12-31SC552625bus:FRS1022023-01-012023-12-31SC552625bus:AuditExemptWithAccountantsReport2023-01-012023-12-31SC552625bus:FullAccounts2023-01-012023-12-31xbrli:purexbrli:sharesiso4217:GBP