REGISTERED NUMBER: 13356039 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 JANUARY 2026

FOR

PUREWAL DEVELOPMENTS LIMITED

Page

Balance Sheet

1

Notes to the Financial Statements

3

CURRENT ASSETS

Stocks

5

805,437

757,126

Debtors

6

322,994

45,035

Cash at bank and in hand

2,697

10,728

1,131,128

812,889

CREDITORS

Amounts falling due within one year

7

1,179,297

819,941

NET CURRENT LIABILITIES

(48,169

)

(7,052

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(48,169

)

(7,052

)

CAPITAL AND RESERVES

Called up share capital

9

1

1

Retained earnings

(48,170

)

(7,053

)

SHAREHOLDERS' FUNDS

(48,169

)

(7,052

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2026 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Profit and loss account has not been delivered.

The financial statements were approved by the director and authorised for issue on 7 October 2026 and were signed by:

Mr K Purewal - Director

1.	STATUTORY INFORMATION

Purewal Developments Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

13356039

Registered office:

37a Upper Wickham Lane

Welling

Kent

DA16 3AB

2.	STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Critical accounting judgements and key sources of estimation uncertainty

Accounting judgements have been applied to the value of the Work in Progress, as the eventual sale prices of the properties under construction are subject to the fluctuations of the property market. It is therefore not possible to ascertain with certainty the net realisable value of Work in Progress or whether it is higher than cost.

A reasonableness test has therefore been applied to the value, which suggests that cost is the most reliable indicator of value, and therefore no write-down has been applied to the Work in Progress.

Turnover

Turnover represents amounts receivable for properties sold and for building services provided, stated net of value added tax.

Revenue from the sale of residential property is recognised on legal completion, being the point at which the significant risks and rewards of ownership transfer to the purchaser, the company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the property, the amount of revenue can be measured reliably, and it is probable that the economic benefits associated with the transaction will flow to the company.

The company's developments are constructed speculatively for sale on the open market and are not sold off plan. No revenue is therefore recognised in respect of properties which remain unsold, or on which legal completion has not taken place, at the reporting date.

Revenue from building services provided to third parties is recognised as the services are performed.

Stocks and work in progress

Stocks comprise land and properties held for development and resale, and are stated at the lower of cost and estimated selling price less costs to complete and sell.

Cost comprises the purchase price of land together with the directly attributable costs of acquisition, and all direct costs incurred in bringing the properties to their present condition, including materials, subcontractor costs, site plant hire and directly attributable professional fees. Borrowing costs are recognised in profit or loss as incurred and are not capitalised into stocks. General overheads not directly related to construction activity are expensed as incurred.

At each reporting date an assessment is made of whether the estimated selling price less costs to complete and sell is lower than the carrying amount of stocks. Any excess of the carrying amount over that amount is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Financial instruments

The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities, like trade and other accounts receivable and payable, loans from banks and other third parties and loans to / from related parties.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at the present value of the future cash flows and subsequently measured at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade payables or receivables, are measured, initially and subsequently, at the undiscounted transaction price less any impairment.

If the arrangements of a short term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of the estimated cash flows discounted at the asset's original effective rate.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the reporting date.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet and measured as detailed above.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

Finance costs are charged to the profit and loss over the term of the financial asset / liability using the effective interest method so that the amount charged is at a constant rate on the carrying amount.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Going concern

The accounts have been prepared on a going concern basis notwithstanding material uncertainty regarding the company's ability to service its debts. There are net liabilities of £48,169, net borrowings due within one year of £1,179,297 and cash of £2,697. The director has confirmed his intention to continue his support to the company for the foreseeable future.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2025 - 1 ) .

5.

STOCKS

2026

2025

£

£

Work-in-progress

805,437

757,126

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Other debtors

265,000

-

VAT

36,819

32,345

Deferred tax asset

Tax losses carried forward

11,029

1,385

Prepayments and accrued income

10,146

11,305

322,994

45,035

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Other loans

551,398

267,948

Director's loan account

536,425

506,608

Accruals and deferred income

91,474

45,385

1,179,297

819,941

8.	DEFERRED TAX

£

Balance at 1 February 2025

(1,385

)

Credit to Profit and loss account during year

(9,644

)

Balance at 31 January 2026

(11,029

)

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2026

2025

value:

£

£

1

Ordinary

£1

1

1

10.	RELATED PARTY DISCLOSURES

Included within creditors are amounts totalling £960,792 owed to the director and to parties related to him. These amounts are unsecured and repayable on demand. Of this total, £536,425 bears interest at a commercial rate and the balance is interest free.

11.	POST BALANCE SHEET EVENTS

After the year end the company acquired a further site for development, which was not committed at the year end, and sold a property forming part of work in progress for £342,000.