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Registered number: 05953027
PURPLE DOOR PROPERTY INVESTMENTS LTD
UNAUDITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 31 DECEMBER 2025
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PURPLE DOOR PROPERTY INVESTMENTS LTD
REGISTERED NUMBER: 05953027
BALANCE SHEET
AS AT 31 DECEMBER 2025
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Debtors: amounts falling due within one year
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Creditors: amounts falling due within one year
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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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The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.
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.
The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.
The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.
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PURPLE DOOR PROPERTY INVESTMENTS LTD
REGISTERED NUMBER: 05953027
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2025
The financial statements were approved and authorised for issue by the board and were signed on its behalf on 16 September 2026.
The notes on pages 3 to 8 form part of these financial statements.
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PURPLE DOOR PROPERTY INVESTMENTS LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
Purple Door Property Investments Ltd ('the company') is a private company limited by shares and is incorporated and domiciled in England. The address of the its registered office is 28 Harrow Way, Maidstone, Kent, ME14 5TU.
2.Accounting policies
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Basis of preparation of financial statements
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The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006. 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 following principal accounting policies have been applied:
The company has net current liabilities of £105,734 and net liabilities of £37,945, but £97,811 of the current liabilities is director funding. The directors have confirmed that they do not intend to seek repayment of amounts owed to them where doing so would prejudice the company's ability to meet its liabilities as they fall due.
Revenue represents rental income receivable from investment property and is recognised on a straight-line basis over the period to which it relates.
Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.
All borrowing costs are recognised in profit or loss in the year in which they are incurred.
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.
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PURPLE DOOR PROPERTY INVESTMENTS LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
2.Accounting policies (continued)
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Tangible fixed assets (continued)
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Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.
Depreciation is provided on the following basis:
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.
Investment property is measured at fair value at each reporting date. Fair value is determined by the directors having regard to recent market evidence for comparable properties, adjusted where appropriate for differences in location, condition and other relevant characteristics. Changes in fair value are recognised in profit or loss. No depreciation is provided on investment property.
Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
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Cash and cash equivalents
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Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
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The average monthly number of employees, including directors, during the year was 2 (2024 - 2).
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PURPLE DOOR PROPERTY INVESTMENTS LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
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Charge for the year on owned assets
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PURPLE DOOR PROPERTY INVESTMENTS LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
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Freehold investment property
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At 1 January 2025 (as previously stated)
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At 1 January 2025 (as restated)
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The investment property was acquired during the previous year (25 October 2024) for £252,500, excluding directly attributable acquisition costs. At 31 December 2024 the directors assessed the fair value of the property at £252,500, having regard to the recent arm's-length purchase of the property and prevailing market conditions.
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The 2025 valuations were made by the directors, on an open market value basis, having regard to market evidence for comparable properties. The valuation was not undertaken by an independent professionally qualified valuer.
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If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:
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Accumulated depreciation and impairments
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Prepayments and accrued income
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PURPLE DOOR PROPERTY INVESTMENTS LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
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Cash and cash equivalents
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Creditors: Amounts falling due within one year
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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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The following liabilities were secured:
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Details of security provided:
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Property located at 3/5 Craigleith Road, Edinburgh, EH4 2DL.
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PURPLE DOOR PROPERTY INVESTMENTS LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
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Analysis of the maturity of loans is given below:
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Amounts falling due within one year
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Amounts falling due 2-5 years
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Amounts falling due after more than 5 years
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These are the first financial statements prepared by the company under FRS 102 Section 1A, having previously applied FRS 105. The date of transition to FRS 102 is 1 January 2024.
During the year ended 31 December 2024, the company acquired an investment property which was accounted for under FRS 105 at cost less depreciation. Under FRS 102, the property is classified as investment property and measured at fair value at each reporting date, with changes in fair value recognised in profit or loss.
Accordingly, depreciation of £1,016 previously recognised in the year ended 31 December 2024 has been reversed and a fair-value loss of £20,039 has been recognised to restate the property to its fair value of £252,500 at 31 December 2024. The net effect is to increase the previously reported loss for the year ended 31 December 2024 by £19,023 and reduce retained earnings at that date by the same amount.
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Related party transactions
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At 31 December 2025, the company owed £97,811 (2024: £90,853) to the directors in respect of amounts advanced and expenses paid on behalf of the company. The amounts are unsecured, repayable on demand and bear interest at 1.5% above the Bank of England base rate. Interest of £5,425 (2024: £1,460) was charged on the directors' loans during the year.
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