STATEMENT OF CONSENT TO PREPARE ABRIDGED FINANCIAL STATEMENTS |
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All of the members of Purple Pepper Homes Limited have consented to the preparation of the abridged statement of comprehensive income and the abridged statement of financial position for the period ending 31 May 2024 in accordance with Section 444(2A) of the Companies Act 2006.
COMPANY REGISTRATION NUMBER:
14896942
PURPLE PEPPER HOMES LIMITED |
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FILLETED UNAUDITED ABRIDGED FINANCIAL STATEMENTS |
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PURPLE PEPPER HOMES LIMITED |
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REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY ABRIDGED FINANCIAL STATEMENTS OF
PURPLE PEPPER HOMES LIMITED |
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PERIOD FROM 26 MAY 2023 TO 31 MAY 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the abridged financial statements of Purple Pepper Homes Limited for the period ended 31 May 2024, which comprise the abridged statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us. As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html. Our work has been undertaken in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/tf-163-jan-24.pdf.
LANGARD LIFFORD HALL LIMITED
Accountants and Registered Auditors
Lifford Hall
Lifford Lane
Kings Norton
Birmingham
B30 3JN
19 February 2025
PURPLE PEPPER HOMES LIMITED |
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ABRIDGED STATEMENT OF FINANCIAL POSITION |
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31 May 2024
Fixed assets
Tangible assets |
4 |
|
601,479 |
|
|
|
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Current assets
Debtors |
27,450 |
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Cash at bank and in hand |
2,291 |
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|
------------ |
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|
29,741 |
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|
|
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Creditors: amounts falling due within one year |
3,500 |
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|
------------ |
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Net current assets |
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26,241 |
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------------ |
Total assets less current liabilities |
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627,720 |
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|
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Creditors: amounts falling due after more than one year |
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655,389 |
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------------ |
Net liabilities |
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(
27,669) |
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|
------------ |
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|
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Capital and reserves
Called up share capital |
|
100 |
Profit and loss account |
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(
27,769) |
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|
------------ |
Shareholders deficit |
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(
27,669) |
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|
------------ |
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|
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These abridged financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the abridged statement of comprehensive income has not been delivered.
For the period ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The members have not required the company to obtain an audit of its abridged financial statements for the period in question in accordance with section 476
;
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The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of abridged financial statements
.
PURPLE PEPPER HOMES LIMITED |
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ABRIDGED STATEMENT OF FINANCIAL POSITION (continued) |
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31 May 2024
These abridged financial statements were approved by the
board of directors
and authorised for issue on
19 February 2025
, and are signed on behalf of the board by:
Company registration number:
14896942
PURPLE PEPPER HOMES LIMITED |
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NOTES TO THE ABRIDGED FINANCIAL STATEMENTS |
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PERIOD FROM 26 MAY 2023 TO 31 MAY 2024
1.
General Information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Lifford Hall, Lifford Lane, Kings Norton, Birmingham, B30 3JN.
2.
Statement of Compliance
These abridged financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3.
Accounting Policies
Basis of preparation
The abridged financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The abridged financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
These accounts have been prepared on the going concern basis following assurances from the director of their continuing financial support.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
4.
Tangible Assets
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£ |
Cost |
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At 26 May 2023 |
– |
Additions |
601,479 |
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------------ |
At 31 May 2024 |
601,479 |
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------------ |
Depreciation |
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At 26 May 2023 and 31 May 2024 |
– |
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------------ |
Carrying amount |
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At 31 May 2024 |
601,479 |
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------------ |
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5.
Director's Advances, Credits and Guarantees
Amounts owed by the director at the balance sheet date are included in debtors and amounted to £1,323.
6.
Related Party Transactions
The company was under the control of J Lister throughout the current period by way of their directorship and shareholding.