Purple Land Ltd Accounts






Purple Land Ltd

	Company No. 10098667
		Information for Filing with The Registrar
		30 April 2022

The Directors present their report and the accounts for the year ended 30 April 2022.

Principal activities
The principal activity of the company during the year under review was promotion of land and property sales. Although activities continue, no transactions were concluded in the year.




Directors

The Directors who served at any time during the year were as follows:

R. Csondor
S.L. Griffiths




































































The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006.

Signed on behalf of the board

R. Csondor
Director
05 January 2023

at	30 April 2022
Company No.		10098667	Notes	2022	2021
				£	£






Current assets
	Stocks		4	37,520	37,520
	Debtors		5	(700)	(700)

	Cash at bank and in hand			103	202
				36,923	37,022
Creditors: Amount falling due within one year			6	(48,907)	(48,405)
Net current liabilities				(11,984)	(11,383)
Total assets less current liabilities				(11,984)	(11,383)




Net liabilities				(11,984)	(11,383)

Capital and reserves
	Called up share capital			100	100



	Profit and loss account		7	(12,084)	(11,483)

Total equity				(11,984)	(11,383)



These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.

For the year ended 30 April 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit 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 accounts.



As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.

Approved by the board on 05 January 2023
And signed on its behalf by:
R. Csondor
Director
05 January 2023

for the year ended 30 April 2022

General information

Its registered number is: 10098667

Its registered office is:

Its trading address is:

1 King Street

3 Lawley Way

Worcester

Droitwich Spa

Worcestershire

WR1 2NX

WR9 8FB

The functional and presentational currency of the company is Sterling. The accounts are rounded to the nearest pound.

The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland (March 2018) and the Companies Act 2006.

Accounting policies

Turnover

Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer rebates and other similar allowances. Although activities continue, no transactions were concluded in the year.

Taxation

Income tax expense represents the sum of the tax currently payable. The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.

When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of inventories recognised as an expense in the period in which the reversal occurs.

Work in progress is reflected in the accounts on a contract by contract basis by recording revenue and related costs as contract activity progresses.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.

Trade and other 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.

3	Employees
			2022	2021
			Number	Number
		The average monthly number of employees (including directors) during the year was:	2	2

4	Stocks
			2022	2021
			£	£

		Work in progress	37,520	37,520

			37,520	37,520

5	Debtors
			2022	2021
			£	£






		Other debtors	(700)	(700)

			(700)	(700)

6	Creditors:
		amounts falling due within one year
			2022	2021
			£	£







		Other taxes and social security	(70)	(572)
		Loans from directors	48,377	48,377

		Accruals and deferred income	600	600
			48,907	48,405

Reserves

Profit and loss account - includes all current and prior period retained profits and losses.

8	Related party disclosures
				2022	2021
		Transactions with related parties		£	£

























































		Name of related party	R. Csondor
		Description of relationship between the parties	Director
		Description of transaction and general amounts involved	Current account
		Amount due from/(to) the related party		(24,189)	(24,189)
		Provision for doubtful debts due from the related party		-	-
		Amounts written off in the period in respect of debts from/(to) the related party		-	-

		Name of related party	S.L. Griffiths
		Description of relationship between the parties	Director
		Description of transaction and general amounts involved	Current account
		Amount due from/(to) the related party		(24,189)	(24,189)
		Provision for doubtful debts due from the related party		-	-
		Amounts written off in the period in respect of debts from/(to) the related party		-	-