Company Registration No. 03079224 (England and Wales)
PURPLE EMPEROR LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2015
PURPLE EMPEROR LIMITED
ABBREVIATED BALANCE SHEET
AS AT
30 APRIL 2015
30 April 2015
- 1 -
2015
2014
Notes
£
£
£
£
Fixed assets
Tangible assets
2
1,002,560
1,002,141
Current assets
Debtors
715
619
Cash at bank and in hand
12,066
3
12,781
622
Creditors: amounts falling due within one year
(172,377)
(209,625)
Net current liabilities
(159,596)
(209,003)
Total assets less current liabilities
842,964
793,138
Creditors: amounts falling due after more than one year
(316,993)
(349,930)
Provisions for liabilities
(512)
(428)
525,459
442,780
Capital and reserves
Called up share capital
3
100
100
Revaluation reserve
(269,396)
(269,396)
Profit and loss account
794,755
712,076
Shareholders' funds
525,459
442,780
PURPLE EMPEROR LIMITED
ABBREVIATED BALANCE SHEET (CONTINUED)
AS AT
30 APRIL 2015
30 April 2015
- 2 -
For the financial year ended 30 April 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 10 June 2015
Dr M Whittome
Director
Company Registration No. 03079224
PURPLE EMPEROR LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 APRIL 2015
- 3 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention modified to include the revaluation of freehold land and buildings and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
1.2
Turnover
Turnover represents amounts receivable for the rental of commercial premises.
1.3
Tangible fixed assets and depreciation
Tangible fixed assets other than freehold property held as an investment are stated at cost or valuation less depreciation. Investment properties are revalued annually in accordance with SSAP 19 and the aggregate surplus or deficit is transfered to the revaluation reserve. Depreciation is not provided in respect of freehold investment properties. Depreciation is provided at rates calculated to write off the cost or valuation less estimated residual value of each asset over its expected useful life, as follows:
Investment property
NIL
Fixtures, fittings & equipment
25% on reducing balance
2
Fixed assets
Tangible assets
£
Cost or valuation
At 1 May 2014
1,020,053
Additions
1,273
At 30 April 2015
1,021,326
Depreciation
At 1 May 2014
17,912
Charge for the year
854
At 30 April 2015
18,766
Net book value
At 30 April 2015
1,002,560
At 30 April 2014
1,002,141
3
Share capital
2015
2014
£
£
Allotted, called up and fully paid
100 ordinary of £1 each
100
100