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Company Registration No. SC273041 (Scotland)
Purdie Holdings Limited Unaudited accounts for the year ended 28 February 2025
Purdie Holdings Limited Unaudited accounts Contents
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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
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Purdie Holdings Limited Statement of financial position as at 28 February 2025
2025 
2024 
Notes
£ 
£ 
Fixed assets
Investment property
1,400,000 
1,400,000 
Current assets
Debtors
101,674 
128,652 
Cash at bank and in hand
18,414 
16,177 
120,088 
144,829 
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 
Capital and reserves
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
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Purdie Holdings Limited Notes to the Accounts for the year ended 28 February 2025
1
Statutory information
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.
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 investment property.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents rent receivable in the period, and is stated net of discounts, rebates, and value added tax.
Investment property
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.
4
Investment property
2025 
£ 
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.
5
Debtors
2025 
2024 
£ 
£ 
Amounts falling due within one year
Trade debtors
- 
1,538 
Other debtors
24,960 
24,960 
24,960 
26,498 
Amounts falling due after more than one year
Other debtors
76,714 
102,154 
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Purdie Holdings Limited Notes to the Accounts for the year ended 28 February 2025
6
Creditors: amounts falling due within one year
2025 
2024 
£ 
£ 
VAT
1,621 
3,906 
Taxes and social security
24,584 
16,401 
Loans from directors
188,120 
246,690 
Deferred income
2,538 
- 
216,863 
266,997 
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).
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