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Company Registration No. 11875545 (England and Wales)
PURPLE GATE PROPERTIES LTD Unaudited accounts for the year ended 31 March 2024
PURPLE GATE PROPERTIES LTD Unaudited accounts Contents
Page
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PURPLE GATE PROPERTIES LTD Company Information for the year ended 31 March 2024
Directors
P Pearce D W O'Kane
Company Number
11875545 (England and Wales)
Registered Office
7 DARNICK ROAD SUTTON COLDFIELD B73 6PE UNITED KINGDOM
Accountants
Parkers Accountancy And Taxation 590a Kingsbury Road Erdington Birmingham B24 9ND
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PURPLE GATE PROPERTIES LTD Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
222,675 
222,675 
Current assets
Cash at bank and in hand
7,134 
16,010 
Creditors: amounts falling due within one year
(564)
(564)
Net current assets
6,570 
15,446 
Total assets less current liabilities
229,245 
238,121 
Creditors: amounts falling due after more than one year
(215,564)
(236,132)
Net assets
13,681 
1,989 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
13,679 
1,987 
Shareholders' funds
13,681 
1,989 
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 4 November 2024 and were signed on its behalf by
P Pearce Director Company Registration No. 11875545
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PURPLE GATE PROPERTIES LTD Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
PURPLE GATE PROPERTIES LTD is a private company, limited by shares, registered in England and Wales, registration number 11875545. The registered office is 7 DARNICK ROAD, SUTTON COLDFIELD, B73 6PE, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Land & buildings 
£ 
Cost or valuation
At cost 
At 1 April 2023
222,675 
At 31 March 2024
222,675 
Depreciation
At 31 March 2024
- 
Net book value
At 31 March 2024
222,675 
At 31 March 2023
222,675 
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
564 
564 
6
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
159,705 
159,705 
Loans from directors
55,859 
76,427 
215,564 
236,132 
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PURPLE GATE PROPERTIES LTD Notes to the Accounts for the year ended 31 March 2024
7
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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