Company No: 10776672 (England and Wales)

Contents

• Company Information
• Balance Sheet
• Notes to the Financial Statements

DIRECTORS	Mrs A B King
	M K King

REGISTERED OFFICE	Treviot House
	186-192 High Road
	Ilford
	Essex
	IG1 1LR
	United Kingdom

COMPANY NUMBER

10776672 (England and Wales)

ACCOUNTANT	Gravita Essex Limited
	Treviot House
	186-192 High Road
	Ilford
	Essex
	IG1 1LR
	United Kingdom

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	3	1,998		2,998
Investment property	4	11,500,000		1,800,000
		11,501,998		1,802,998
Current assets
Debtors	5	392,489		365,180
Cash at bank and in hand		54,290		48,305
		446,779		413,485
Creditors: amounts falling due within one year	6	( 716,583)		( 780,590)
Net current liabilities		(269,804)		(367,105)
Total assets less current liabilities		11,232,194		1,435,893
Creditors: amounts falling due after more than one year	7	( 3,346,109)		( 601,294)
Provision for liabilities		( 180,873)		( 180,873)
Net assets		7,705,212		653,726
Capital and reserves
Called-up share capital		1,083		2
Share premium account		6,947,902		0
Fair value reserve		553,503		553,503
Profit and loss account		202,724		100,221
Total shareholders' funds		7,705,212		653,726

For the financial year ending 31 May 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• 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; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Purple Properties (London) Limited (registered number: 10776672) were approved and authorised for issue by the Board of Directors on 02 December 2025. They were signed on its behalf by:

M K King Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Purple Properties (London) Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Treviot House, 186-192 High Road, Ilford, Essex, IG1 1LR, United Kingdom.

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities "of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover represents rent receivable during the period.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery etc.

4 years straight line

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

The fair value is determined annually by the directors, on an open market value for existing use basis.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	2		2

3. Tangible assets

	Plant and machinery etc.		Total
	£		£
Cost
At 01 June 2024	3,998		3,998
At 31 May 2025	3,998		3,998
Accumulated depreciation
At 01 June 2024	1,000		1,000
Charge for the financial year	1,000		1,000
At 31 May 2025	2,000		2,000
Net book value
At 31 May 2025	1,998		1,998
At 31 May 2024	2,998		2,998

4. Investment property

	Investment property
	£
Valuation
As at 01 June 2024	1,800,000
Additions	9,700,000
As at 31 May 2025	11,500,000

Historic cost

If the investment properties had been accounted for under the cost accounting rules, the properties would have been measured as follows:

	2025		2024
	£		£
Cost	10,776,507		1,076,507

The investment properties were valued on a fair value basis on 31st May 2025 by the directors.

5. Debtors

	2025		2024
	£		£
Trade debtors	42,494		0
Amounts owed by related parties	339,721		359,874
Other debtors	10,274		5,306
	392,489		365,180

6. Creditors: amounts falling due within one year

	2025		2024
	£		£
Bank loans	10,132		0
Amounts owed to related parties	37,000		0
Taxation and social security	33,798		4,724
Other creditors	635,653		775,866
	716,583		780,590

7. Creditors: amounts falling due after more than one year

	2025		2024
	£		£
Bank loans	3,346,109		601,294

The loans are secured on the investment properties owned by the company.