Company Registration No. SC273041 (Scotland)
Purdie Holdings Limited
Unaudited accounts
for the year ended 28 February 2025
Purdie Holdings Limited
Unaudited accounts
Contents
Purdie Holdings Limited
Company Information
for the year ended 28 February 2025
Directors
Mathieson Purdie
Marisa Rosa Purdie
Company Number
SC273041 (Scotland)
Registered Office
The Horsemill
2 Wester Dalmeny Steading
Dalmeny
West Lothian
EH30 9TT
Scotland
Accountants
Select Financial Management
Accountants & Business Advisers
Axwell House
2 Westerton Road
Broxburn
West Lothian
EH52 5AU
Purdie Holdings Limited
Statement of financial position
as at 28 February 2025
Investment property
1,400,000
1,400,000
Cash at bank and in hand
18,414
16,177
Creditors: amounts falling due within one year
(216,863)
(266,997)
Net current liabilities
(96,775)
(122,168)
Net assets
1,303,225
1,277,832
Called up share capital
412,718
412,718
Revaluation reserve
224,314
224,314
Profit and loss account
666,193
640,800
Shareholders' funds
1,303,225
1,277,832
For the year ending 28 February 2025 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 29 May 2025 and were signed on its behalf by
Mathieson Purdie
Director
Company Registration No. SC273041
Purdie Holdings Limited
Notes to the Accounts
for the year ended 28 February 2025
Purdie Holdings Limited is a private company, limited by shares, registered in Scotland, registration number SC273041. The registered office is The Horsemill, 2 Wester Dalmeny Steading, Dalmeny, West Lothian, EH30 9TT, Scotland.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of investment property.
The accounts are presented in £ sterling.
Turnover represents rent receivable in the period, and is stated net of discounts, rebates, and value added tax.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Fair value at 1 March 2024
1,400,000
At 28 February 2025
1,400,000
Investment properties were professionally valued in April 2022 and their carrying value has been adjusted in these accounts to reflect this valuation. The reduction in value has been offset against the company's Revaluation Reserve, rather than being recognised in the income statement for this year, to be consistent with the treatment of earlier increases in valuation.
Disposal of the properties at their value per the accounts would not give rise to a tax liability, so no deferred taxation requires to be provided.
Amounts falling due within one year
Other debtors
24,960
24,960
Amounts falling due after more than one year
Other debtors
76,714
102,154
Purdie Holdings Limited
Notes to the Accounts
for the year ended 28 February 2025
6
Creditors: amounts falling due within one year
2025
2024
Taxes and social security
24,584
16,401
Loans from directors
188,120
246,690
7
Transactions with related parties
The company operates a loan account with its directors and the balance outstanding is disclosed in Note 6 above.
At the beginning of September 2023 the directors introduced further funds via this loan account to enable the company to discharge its bank borrowings.
Since this injection of funds, interest is being paid on this loan account at a rate of 4% above the prevailing Bank of England base rate which gave rise to a total of £18,090 (PY: £6,930) interest payable for the accounting period.
8
Average number of employees
During the year the average number of employees was 2 (2024: 2).