33 Purley Downs Limited
Unaudited Financial Statements
For the year ended 31 December 2024
Pages for Filing with Registrar
Company Registration No. 09868541 (England and Wales)
33 Purley Downs Limited
Contents
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 5
33 Purley Downs Limited
Balance Sheet
As at 31 December 2024
Page 1
2024
2023
Notes
£
£
£
£
Current assets
Stock
9,430,496
5,994,400
Debtors
3
5,596
5,185
Cash at bank and in hand
5,612
21,119
9,441,704
6,020,704
Creditors: amounts falling due within one year
4
(3,706,958)
(3,788,852)
Net current assets
5,734,746
2,231,852
Creditors: amounts falling due after more than one year
5
(5,843,530)
(2,337,123)
Net liabilities
(108,784)
(105,271)
Capital and reserves
Called up share capital
6
100
100
Profit and loss reserves
(108,884)
(105,371)
Total equity
(108,784)
(105,271)

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

33 Purley Downs Limited
Balance Sheet (Continued)
As at 31 December 2024
Page 2
The financial statements were approved by the board of directors and authorised for issue on 1 September 2025 and are signed on its behalf by:
DK Van Zyl
Director
Company Registration No. 09868541
33 Purley Downs Limited
Notes to the Financial Statements
For the year ended 31 December 2024
Page 3
1
Accounting policies
Company information

33 Purley Downs Limited is a private company limited by shares, domiciled and incorporated in England and Wales. The registered office is 6th Floor, 9 Appold Street, London, EC2A 2AP.

1.1
Accounting convention

These financial statements have been prepared in accordance with Section 1A of FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

The company incurred losses during the year of £3,513 (2023: £4,452) and at the balance sheet date, the company had net liabilities of £108,784 (2023: £105,271). true

The construction of the property is still under development and the directors expect a completion date of 31 August 2025. Once completed, directors will explore multiple options including retaining the site to keep as a rental property.

At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Work in progress (WIP)

WIP is stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the WIP to their present location and condition.

WIP held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of WIP over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

1.4
Cash at bank and in hand

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.5
Financial instruments

Basic f i nancial instruments are measured at cost. The company has no other financial instruments or basic financial instruments measured at fair value.

33 Purley Downs Limited
Notes to the Financial Statements (Continued)
For the year ended 31 December 2024
1
Accounting policies
(Continued)
Page 4
1.6
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was :

2024
2023
Number
Number
Total
2
2
3
Debtors
2024
2023
Amounts falling due within one year:
£
£
Other debtors
5,596
5,185
4
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
2,520
418
Other creditors
3,702,038
3,786,134
Accruals and deferred income
2,400
2,300
3,706,958
3,788,852
5
Creditors: amounts falling due after more than one year
2024
2023
£
£
Other creditors
5,843,530
2,337,123

33 Purley Downs Limited
Notes to the Financial Statements (Continued)
For the year ended 31 December 2024
Page 5
6
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
100
100
100
100
7
Related party transactions

Included within other creditors is a balance of £3,702,038 (202 3: £3,786,134) owed to Synovia Holdings Limited, a company under common control.

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