REGISTERED NUMBER: 00916509 (England and Wales)

PURLIEU CONSTRUCTION COMPANY LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs J M Dunning

T J Dunning

W N Dunning

SECRETARY:

Mrs J M Dunning

REGISTERED OFFICE:

Hardley Industrial Estate

Hardley

Southampton

Hampshire

SO45 3NQ

REGISTERED NUMBER:

00916509 (England and Wales)

FIXED ASSETS

Tangible assets

4

2,443,193

2,500,040

Investments

5

-

564,563

Investment property

6

3,041,514

3,053,976

5,484,707

6,118,579

CURRENT ASSETS

Stocks

-

397,250

Debtors

7

626

520

Cash at bank and in hand

348,874

23,327

349,500

421,097

CREDITORS

Amounts falling due within one year

8

(183,260

)

(372,189

)

NET CURRENT ASSETS

166,240

48,908

TOTAL ASSETS LESS CURRENT LIABILITIES

5,650,947

6,167,487

CREDITORS

Amounts falling due after more than one year

9

(162,510

)

(197,185

)

PROVISIONS FOR LIABILITIES

11

(534,038

)

(552,872

)

NET ASSETS

4,954,399

5,417,430

CAPITAL AND RESERVES

Called up share capital

3,378

3,378

Share premium

646,604

646,604

Non distributable reserve

1,596,689

1,606,036

Retained earnings

2,707,728

3,161,412

SHAREHOLDERS' FUNDS

4,954,399

5,417,430

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2025 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 24 September 2025 and were signed on its behalf by:

T J Dunning - Director

1.	STATUTORY INFORMATION

Purlieu Construction Company Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with FRS 102 "The Financial Reporting Standards 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 disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.

The financial statements have been prepared under the historical cost convention, modified to include certain financial instruments at fair value. The principal accounting policies adopted are set out below.

The company has taken advantage of the small companies' exemption not to prepare consolidated accounts.

Preparation of consolidated financial statements

The financial statements contain information about Purlieu Construction Company Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover

Turnover represents rental and investment income excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Long leasehold

-

2% Straight line

Computer equipment

-

25% Reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset and is recognised in the income statement.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Investment property

Investment property is recognised at fair value in accordance with FRS 102. Any surplus arising on a change in revaluation is recognised in profit and loss.

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Equity instruments

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

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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.

Financial assets

The Company has elected to apply the provision of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial assets are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Basic financial assets, which include trade and other receivables and cash and bank balances are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method, unless the arrangement constitutes a financial transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Financial liabilities

Basic financial liabilities which include trade and other payables, are initially measured at transaction price and subsequently measured at amortised cost, unless the arrangement constitutes a financing transaction where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

Capital reduction demerger

During the year, the company's investment in a trading subsidiary was distributed as part of strategic planning, structured as a capital reduction demerger.

As a result of this demerger, dividends included in the statement of changes in equity include £2,418,179, which represents the fair value of the shares distributed.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Long

Computer

leasehold

equipment

Totals

£

£

£

COST

At 1 May 2024

and 30 April 2025

2,842,290

457

2,842,747

DEPRECIATION

At 1 May 2024

342,250

457

342,707

Charge for year

56,847

-

56,847

At 30 April 2025

399,097

457

399,554

NET BOOK VALUE

At 30 April 2025

2,443,193

-

2,443,193

At 30 April 2024

2,500,040

-

2,500,040

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 May 2024

564,563

Shares distributed on

de-merger

(564,563

)

At 30 April 2025

-

NET BOOK VALUE

At 30 April 2025

-

At 30 April 2024

564,563

6.	INVESTMENT PROPERTY

Total

£

COST OR VALUATION

At 1 May 2024

3,053,976

Revaluations

(12,462

)

At 30 April 2025

3,041,514

NET BOOK VALUE

At 30 April 2025

3,041,514

At 30 April 2024

3,053,976

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

-

520

Directors' current accounts

626

-

626

520

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

42,888

41,148

Trade creditors

36,771

37,028

Amounts owed to group undertakings

15,420

258,000

Taxation and social security

67,178

15,730

Other creditors

21,003

20,283

183,260

372,189

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

162,510

197,185

10.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

205,398

238,333

Bank borrowing is secured by a charge against the company's freehold and long leasehold property.

11.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

534,038

552,872

Deferred tax

£

Balance at 1 May 2024

552,872

Provided during year

(18,834

)

Balance at 30 April 2025

534,038

The balance above principally relates to deferred tax on revaluation of investment properties.