Registration number:
Purpledot Limited
for the Year Ended 28 February 2026
Purpledot Limited
Contents
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Statement of Financial Position |
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Notes to the Unaudited Financial Statements |
Purpledot Limited
(Registration number: 04157120)
Statement of Financial Position as at 28 February 2026
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Note |
2026 |
2025 |
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Fixed assets |
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Tangible assets |
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Current assets |
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Stocks |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
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Net current assets |
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Total assets less current liabilities |
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Creditors: Amounts falling due after more than one year |
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Net liabilities |
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Capital and reserves |
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Called up share capital |
166,000 |
166,000 |
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Profit and loss account |
(1,000,596) |
(847,644) |
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Shareholders' deficit |
(834,596) |
(681,644) |
Purpledot Limited
(Registration number: 04157120)
Statement of Financial Position as at 28 February 2026 (continued)
For the financial year ending 28 February 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
Approved and authorised by the
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Purpledot Limited
Notes to the Unaudited Financial Statements for the Year Ended 28 February 2026
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General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
United Kingdom
Principal activity
The principal activity of the company is that of property development and restaurant.
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Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).
Basis of preparation
These financial statements have been prepared using the historical cost convention.
The financial statements are prepared in sterling which is the functional currency of the entity.
Purpledot Limited
Notes to the Unaudited Financial Statements for the Year Ended 28 February 2026 (continued)
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Accounting policies (continued) |
Going concern
The financial statements have been prepared on a going concern basis which assumes that the company will continue in operational existence for the foreseeable future. The validity of this assumption depends on the continued support from the company's directors. The overdrawn balance sheet is currently being supported by loans from the directors and from associated entities. All parties are committed to supporting the business with these loans for the foreseeable future, and therefore consider the going concern basis to be appropriate.
If the company were unable to continue in operational existence for the foreseeable future, adjustments would have to be made to reduce the balance sheet value of assets to their recoverable amounts, and to provide for further liabilities that might arise, and to reclassify fixed assets as current assets.
The directors believe that it is appropriate for the financial statements to be prepared on the going concern basis.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. |
Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. |
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.
The company recognises revenue when: The amount of revenue can be reliably measured; it is probable that future economic benefits will flow to the entity; and specific criteria have been met for each of the company's activities.
Tangible assets
Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
Purpledot Limited
Notes to the Unaudited Financial Statements for the Year Ended 28 February 2026 (continued)
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2 |
Accounting policies (continued) |
Depreciation
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:
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Asset class |
Depreciation method and rate |
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Leasehold improvements |
5% reducing balance |
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Plant and machinery |
15% reducing balance |
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Fitting fixtures and equipment |
15% straight line |
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Computer equipment |
33% straight line |
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and in hand, demand deposits with banks, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value. In the statement of financial position, bank overdrafts are shown within borrowing or current liabilities
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Costs include all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.
Borrowings
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the statement of comprehensive income over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.
Purpledot Limited
Notes to the Unaudited Financial Statements for the Year Ended 28 February 2026 (continued)
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Accounting policies (continued) |
Leases
Leases are classified as finance leases whenever the terms of the lease transfer substantially all the
risks and rewards of ownership to the lessees. All other leases are classified as operating leases.
Assets held under finance leases are recognised as assets at the lower of the assets fair value at the
date of inception and the present value of the minimum lease payments. The related liability is included in the statement of financial position as a finance lease obligation. Lease payments are treated as
consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a
constant periodic rate of interest on the remaining balance of the liability.
Rentals payable under operating leases, including any lease incentives received, are charged to profit
or loss on a straight line basis over the term of the relevant lease except where another more
systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.
Financial instruments
Recognition and measurement
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
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Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
Purpledot Limited
Notes to the Unaudited Financial Statements for the Year Ended 28 February 2026 (continued)
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Tangible assets |
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Long leasehold property |
Fixtures, fittings and equipment |
Plant and machinery |
Computer equipment |
Total |
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Cost or valuation |
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At 1 March 2025 |
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Additions |
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Disposals |
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At 28 February 2026 |
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Depreciation |
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At 1 March 2025 |
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Charge for the year |
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Eliminated on disposal |
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At 28 February 2026 |
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Carrying amount |
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At 28 February 2026 |
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At 28 February 2025 |
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Debtors |
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2026 |
2025 |
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Trade debtors |
- |
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Other debtors |
- |
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Prepayments |
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Accrued income |
- |
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Purpledot Limited
Notes to the Unaudited Financial Statements for the Year Ended 28 February 2026 (continued)
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Creditors |
Creditors: amounts falling due within one year
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Note |
2026 |
2025 |
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Due within one year |
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Loans and borrowings |
- |
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Trade creditors |
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Taxation and social security |
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Accruals and deferred income |
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Creditors: amounts falling due after more than one year
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Note |
2026 |
2025 |
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Due after one year |
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Loans and borrowings |
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Other financial liabilities |
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Apart from the bank borrowing, all other loans are unsecured and have no agreed repayment terms. They are all loans from related parties who have agreed to support the business for the foreseeable future and have therefore been classified as due over one year. These loans have been fully disclosed in note 10 below.
Purpledot Limited
Notes to the Unaudited Financial Statements for the Year Ended 28 February 2026 (continued)
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Loans and borrowings |
Non-current loans and borrowings
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2026 |
2025 |
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Bank borrowings |
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Current loans and borrowings
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2026 |
2025 |
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Bank borrowings |
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The bounce back loan is secured by a government guarantee.
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Reserves |
Profit and loss account:
This reserve records retained earnings and accumulated losses.
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Related party transactions |
The following balances shown are by entities held under common control at the year end.
The company owed £380,118 to Winmill Developments Limited (2025: £380,118) and £380,000 to Evolution IS Limited (2025: £380,000). No interest is charged on these loans, and repayment terms have not been agreed.
During the year property improvements included within fixed assets at cost of £nil (2025 :£282,055) have been invoiced and fully repaid by Purpledot Directors Pension Scheme.
Further repair works carried out in the year and valued at £72,998 (2025: £90,921) and included within repairs and have been recharged and fully repaid by Purpledot Directors Pension Scheme..
A further £nil (2025 : £55,040) is included under accrued income, in respect of renovation works completed on the property which have been recharged to Purpledot Pension Scheme. No interest has been charged as this has been fully repaid after the year end.