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Registered number: OC331713
The Purple Property Enterprise LLP
Unaudited Financial Statements
For The Year Ended 30 March 2024
Kenyon & Co
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3
Page 1
Balance Sheet
Registered number: OC331713
2024 2023
Notes £ £ £ £
CURRENT ASSETS
Cash at bank and in hand 57,159 31,868
57,159 31,868
Creditors: Amounts Falling Due Within One Year 5 (185,075 ) (159,608 )
NET CURRENT ASSETS (LIABILITIES) (127,916 ) (127,740 )
TOTAL ASSETS LESS CURRENT LIABILITIES (127,916 ) (127,740 )
NET LIABILITIES ATTRIBUTABLE TO MEMBERS (127,916 ) (127,740 )
REPRESENTED BY:
Equity
Members' other interests
Other reserves (127,916) (127,740)
(127,916) (127,740)
TOTAL MEMBERS' INTEREST
Members' other interests (127,916) (127,740)
(127,916) (127,740)
Page 1
Page 2
For the year ending 30 March 2024 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006 (as applied by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 applicable to LLPs subject to the small LLPs regime.)
The members acknowledge their responsibilities for complying with the requirements of the Act (as applied to LLPs) with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.
The LLP has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the LLP's Profit and Loss Account.
On behalf of the members
Mr Vincent Nash
Designated Member
27 December 2024
The notes on page 3 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
The Purple Property Enterprise LLP is a limited liability partnership, incorporated in England & Wales, registered number OC331713 . The Registered Office is 1 Priory Drive, Beech Hill, Reading, RG7 2BJ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 for small limited liability partnerships regime - The Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), The Statement of Recommended Practice 'Accounting by Limited Liability Partnerships' issued in December 2021 (SORP) and the Companies Act 2006 (as applied to LLPs).
The financial statements are prepared in sterling which is the functional currency of the LLP.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts. Turnover includes revenue earned from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
3. Average Number of Employees
Average number of employees, including members with contracts of employment, during the year was: 2 (2023: 2)
2 2
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Bank loans and overdrafts 467 -
Other creditors 181,458 156,458
Accruals and deferred income 3,150 3,150
185,075 159,608
Page 3