Purley Way Properties Ltd - Filleted accounts

Registered number

11993719

Purley Way Properties Ltd

Filleted Accounts

31 March 2025

Purley Way Properties Ltd
Registered number:		11993719
Balance Sheet
as at 31 March 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		2,000,000			864,857

Current assets
Debtors	4	31,976			27,903
Cash at bank and in hand		38,409			9,326
		70,385			37,229

Creditors: amounts falling due within one year	5	(716,462)			(721,928)

Net current liabilities			(646,077)			(684,699)

Net assets			1,353,923			180,158

Capital and reserves
Called up share capital			100			100
Fair value reserve	6		1,135,143			-
Profit and loss account			218,680			180,058

Shareholder's funds			1,353,923			180,158

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




A G Partakis
Director
Approved by the board on 1 December 2025

Purley Way Properties Ltd
Notes to the Accounts
for the year ended 31 March 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Tangible fixed assets
	Tangible fixed assets are measured at cost/revlauation less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land and buildings, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Freehold investment land and buildings	nil




	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are recognised at transaction price net of any transaction costs and, where applicable, is measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.


2	Employees		2025		2024
Number				Number

	Average number of persons employed by the company		1		1


3	Tangible fixed assets
					Land and buildings
£
	Cost
	At 1 April 2024				864,857
	Surplus on revaluation				1,135,143
	At 31 March 2025				2,000,000

	Depreciation
	At 31 March 2025				-

	Net book value
	At 31 March 2025				2,000,000
	At 31 March 2024				864,857


	In the opinion of the director, the property revaluation represents a reasonable valuation of the property at 31 March 2025.

4	Debtors		2025		2024
£				£

	Other debtors		31,976		27,903


5	Creditors: amounts falling due within one year		2025		2024
£				£

	Taxation and social security costs		16,367		9,144
	Other creditors		700,095		712,784
			716,462		721,928


6	Fair value reserve		2025		2024
£				£

	Gain on revaluation of land and buildings		1,135,143		-

	At 31 March 2025		1,135,143		-


7	Events after the reporting date

	A significant part of the land and buildings was sold after the year end to a related party company for the sum of £1,700,000.


8	Related party transactions

	Coutts & Company hold a fixed and floating charge over the assets of the company. This is held in respect of a loan to a group company. The Parent Company (see note below) has provided an interest free loan to the company which is repayable on demand. The amount outstanding at the year end was £677,208 (2024: £677,208).

9	Controlling party

	The Parent Company is Orlow Investment Corp which is incorporated in the British Virgin Islands. The ultimate controlling parties are, KSL Trustees Limited, a company incorporated in the UK, and Orlow Investment Corp as shareholder.

10	Other information

	Purley Way Properties Ltd is a private company limited by shares and incorporated in England. Its registered office is:
	536 Linen Hall
	162-168 Regent Street
	London
	W1B 5TB