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REGISTERED NUMBER: 08055362 (England and Wales)

















Unaudited Financial Statements for the Year Ended 31 December 2024

for

Purshouse Properties Limited

Purshouse Properties Limited (Registered number: 08055362)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Purshouse Properties Limited

Company Information
for the Year Ended 31 December 2024







DIRECTORS: Mr I G Purshouse
Mrs V A Purshouse
Mr C J Purshouse
Mr G D Purshouse





SECRETARY: Mr C J Purshouse





REGISTERED OFFICE: 16 Percy Street
Rotherham
South Yorkshire
S65 1ED





REGISTERED NUMBER: 08055362 (England and Wales)





ACCOUNTANTS: SMH Haywood & Co Limited
24-26 Mansfield Road
Rotherham
South Yorkshire
S60 2DT

Purshouse Properties Limited (Registered number: 08055362)

Balance Sheet
31 December 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 3 - -
Tangible assets 4 3,112 2,880
Investment property 5 875,000 810,000
878,112 812,880

CURRENT ASSETS
Debtors 6 92,687 96,133
Cash at bank 153,938 62,078
246,625 158,211
CREDITORS
Amounts falling due within one year 7 (172,693 ) (128,629 )
NET CURRENT ASSETS 73,932 29,582
TOTAL ASSETS LESS CURRENT LIABILITIES 952,044 842,462

CREDITORS
Amounts falling due after more than one
year

8

(145,160

)

(150,814

)

PROVISIONS FOR LIABILITIES (47,978 ) (48,500 )
NET ASSETS 758,906 643,148

Purshouse Properties Limited (Registered number: 08055362)

Balance Sheet - continued
31 December 2024

2024 2023
Notes £    £   
CAPITAL AND RESERVES
Called up share capital 10 1,000 1,000
Fair value reserve 11 142,682 144,444
Retained earnings 615,224 497,704
SHAREHOLDERS' FUNDS 758,906 643,148

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 3 March 2025 and were signed on its behalf by:




Mr I G Purshouse - Director



Mr G D Purshouse - Director


Purshouse Properties Limited (Registered number: 08055362)

Notes to the Financial Statements
for the Year Ended 31 December 2024

1. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover represents commission receivable on rental properties under the company's management, net of VAT.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of eight years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost and 15% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 4 ) .

Purshouse Properties Limited (Registered number: 08055362)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

3. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2024
and 31 December 2024 300,000
AMORTISATION
At 1 January 2024
and 31 December 2024 300,000
NET BOOK VALUE
At 31 December 2024 -
At 31 December 2023 -

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2024 7,399
Additions 1,465
At 31 December 2024 8,864
DEPRECIATION
At 1 January 2024 4,519
Charge for year 1,233
At 31 December 2024 5,752
NET BOOK VALUE
At 31 December 2024 3,112
At 31 December 2023 2,880

Purshouse Properties Limited (Registered number: 08055362)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2024 810,000
Additions 67,350
Revaluations (2,350 )
At 31 December 2024 875,000
NET BOOK VALUE
At 31 December 2024 875,000
At 31 December 2023 810,000

The investment property is included at the directors estimate of fair value at the year end of £875,000 (2023 -£810,000).

The historical cost of the investment property is £685,085 (2023- £617,735).

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 33,781 39,764
Other debtors 58,906 56,369
92,687 96,133

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 33,404 56,979
Trade creditors 92 -
Taxation and social security 53,786 52,231
Other creditors 85,411 19,419
172,693 128,629

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 145,160 150,814

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 72,000

Purshouse Properties Limited (Registered number: 08055362)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 163,750 182,830

The loans are secured by a fixed charge on the investment properties to which the loan relates.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1,000 Ordinary £1 1,000 1,000

11. RESERVES
Fair
value
reserve
£   
At 1 January 2024 144,444
Other movements (1,762 )

At 31 December 2024 142,682

12. ULTIMATE CONTROLLING PARTY

The company is controlled by the directors.