Purple Duck Ltd - Accounts to registrar - small 17.2

Purple Duck Ltd - Accounts to registrar - small 17.2

PURPLE DUCK LIMITED - Company Information

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REGISTERED NUMBER: 05641434 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2016

FOR

PURPLE DUCK LTD

PURPLE DUCK LTD (REGISTERED NUMBER: 05641434)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2016




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PURPLE DUCK LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2016







DIRECTORS: Mrs J L Lampard
S J Lampard





SECRETARY: Mrs J L Lampard





REGISTERED OFFICE: Mornhill
109 Hartley Road
Portsmouth
Hampshire
PO2 9HX





REGISTERED NUMBER: 05641434 (England and Wales)





ACCOUNTANTS: Dawkins Lewis & Soar
Chartered Accountants
Unit 40, Basepoint Centre
1 Winnall Valley Road
Winchester
Hampshire
SO23 0LD
Page 1
PURPLE DUCK LTD (REGISTERED NUMBER: 05641434)

BALANCE SHEET
31 DECEMBER 2016

2016 2015
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 401 534
Investment property 4 1,635,000 859,888
1,635,401 860,422

CURRENT ASSETS
Debtors 5 105 418
Cash at bank 3,209 19,552
3,314 19,970
CREDITORS
Amounts falling due within one year 6 86,214 69,334
NET CURRENT LIABILITIES (82,900 ) (49,364 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
1,552,501
811,058

CREDITORS
Amounts falling due after more than
one year
7
1,007,474
757,868
NET ASSETS 545,027 53,190

The notes form part of these financial statements

Page 2 continued...
PURPLE DUCK LTD (REGISTERED NUMBER: 05641434)

BALANCE SHEET - continued
31 DECEMBER 2016

2016 2015
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 7 7
Revaluation reserve 8 516,423 -
Retained earnings 28,597 53,183
SHAREHOLDERS' FUNDS 545,027 53,190

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2016 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 28 September 2017 and were
signed on its behalf by:





Mrs J L Lampard - Director


The notes form part of these financial statements

Page 3
PURPLE DUCK LTD (REGISTERED NUMBER: 05641434)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2016

1. STATUTORY INFORMATION

Purple Duck Ltd is a private company, limited by shares , registered in England and Wales.
The company's registered number and registered office address can be found on the Company
Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

The going concern basis has been used as the directors intend to continue to support the
company and will not demand repayment of their loans until the company has funds.

Turnover
Turnover is the net property income earned in the year.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 50% on cost

Investment property
Investment properties are shown at the market value based on the Directors' valuations.

Page 4 continued...
PURPLE DUCK LTD (REGISTERED NUMBER: 05641434)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2016

3. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2016
and 31 December 2016 2,804
DEPRECIATION
At 1 January 2016 2,270
Charge for year 133
At 31 December 2016 2,403
NET BOOK VALUE
At 31 December 2016 401
At 31 December 2015 534

4. INVESTMENT PROPERTY

The investment properties have been included at the directors' valuation

Cost or valuation at 31 December 2016 is represented by:

£   
Valuation in 2016 1,635,000

If investment properties had not been revalued they would have been included at the
following historical cost:

2016 2015
£    £   
Cost 1,118,576 -

Investment properties were valued on an open market value basis on 31 December 2016 by
the Directors. .

Page 5 continued...
PURPLE DUCK LTD (REGISTERED NUMBER: 05641434)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2016

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
2016 2015
£    £   
Other debtors 105 418

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
2016 2015
£    £   
Bank loans and overdrafts 22,800 22,800
Trade creditors 15,597 5,929
Taxation and social security 4,812 4,812
Other creditors 43,005 35,793
86,214 69,334

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE
THAN ONE YEAR
2016 2015
£    £   
Bank loans 581,392 503,597
Other creditors 426,082 254,271
1,007,474 757,868

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more than 5 yr 490,192 412,397

8. RESERVES
Revaluation
reserve
£   
Revaluation surplus in year 516,423

At 31 December 2016 516,423

Page 6