ACCOUNTS - Final Accounts preparation

Registered number: 16596426

PURDUE PROPERTIES LTD

UNAUDITED

FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 JULY 2026

PURDUE PROPERTIES LTD

REGISTERED NUMBER: 16596426

BALANCE SHEET

AS AT 31 JULY 2026

		2026
Note		£

Fixed assets
Tangible assets	4		187
Investment property	5		585,333
			585,520
Current assets
Debtors: amounts falling due within one year		484
Cash at bank and in hand	8	1,632
		2,116
Creditors: amounts falling due within one year	9	(175,029)
Net current (liabilities)/assets			(172,913)
Total assets less current liabilities			412,607
Creditors: amounts falling due after more than one year	10		(424,354)

Net (liabilities)/assets			(11,747)

Capital and reserves
Called up share capital			2
Profit and loss account			(11,749)
			(11,747)

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PURDUE PROPERTIES LTD

REGISTERED NUMBER: 16596426

BALANCE SHEET (CONTINUED)

AS AT 31 JULY 2026

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 period 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 profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

................................................ Paul Purdue	................................................ Alicia Purdue
Director	Director

Date: 4 November 2026

The notes on pages 3 to 7 form part of these financial statements.

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PURDUE PROPERTIES LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 JULY 2026

1.	General information

Purdue Properties Ltd is a private company limited by shares incorporated in England and Wales. The
registered office is 14 Mereheath Close, Davenham, Northwich, England, CW9 8SP.

2.Accounting policies

2.1

Basis of preparation of financial statements

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:

2.2

Going concern

These financial statements are prepared on the going concern basis. The directors have a reasonable expectation that the company will continue in operational existence for the foreseeable future, with the support from the directors.

2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

2.5

Finance costs

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.

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PURDUE PROPERTIES LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 JULY 2026

2.Accounting policies (continued)

2.6

Borrowing costs

All borrowing costs are recognised in profit or loss in the period in which they are incurred.

2.7

Tangible fixed assets

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.

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:

Computer equipment

33%

Straight line

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.

2.8

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

2.9

Debtors

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.

2.10

Cash and cash equivalents

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.

2.11

Creditors

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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PURDUE PROPERTIES LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 JULY 2026

Employees

The average monthly number of employees, including directors, during the period was 2.

4.	Tangible fixed assets

		Computer equipment
		£
	Cost or valuation
	Additions	280
	At 31 July 2026	280
	Depreciation
	Charge for the period on owned assets	93
	At 31 July 2026	93
	Net book value
	At 31 July 2026	187

5.	Investment property

		Freehold investment property
		£
	Valuation
	Additions at cost	585,333
	At 31 July 2026	585,333

Investment property comprises of residential properties acquired during the year and held for rental income. The fair value has been arrived at on the basis of the Director's estimates at 31 July 2026. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties.

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PURDUE PROPERTIES LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 JULY 2026

Debtors

					2026
					£


	Prepayments and accrued income	484
		484

7.	Current asset investments

8.	Cash and cash equivalents
		2026
		£

	Cash at bank and in hand	1,632
		1,632

9.	Creditors: Amounts falling due within one year
		2026
		£

	Bank loans	6,200
	Other creditors	167,166
	Accruals and deferred income	1,663
		175,029

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PURDUE PROPERTIES LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 JULY 2026

10.	Creditors: Amounts falling due after more than one year
		2026
		£

	Bank loans	424,354
		424,354

	The following liabilities were secured:
					2026
					£


	Bank loans	430,554
		430,554

Details of security provided:

The bank loans are secured by mortgages over the company’s investment properties held for the purpose of its rental business.

11.	Related party transactions
	During the year the Directors advanced the Company £167,168 and were repaid £2. At 31 July 2026, the Company owed £167,166 to the Directors. No interest has been charged to the Company in respect of this loan, which is repayable on demand and classified in creditors due within one year.

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