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Company Registration No. 03585025 (England and Wales)
PPG Group Limited Unaudited accounts for the year ended 31 December 2022
PPG Group Limited Unaudited accounts Contents
Page
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PPG Group Limited Company Information for the year ended 31 December 2022
Director
Diarmuid Foghlu
Company Number
03585025 (England and Wales)
Registered Office
85 Great Portland Street First Floor London W1W 7LT
Accountants
The Practice - Chartered Management Accountants 2 New Street Ledbury Herefordshire HR8 2DX
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PPG Group Limited Statement of financial position as at 31 December 2022
2022 
2021 
Notes
£ 
£ 
Fixed assets
Tangible assets
- 
1,460 
Investment property
- 
585,469 
Investments
101 
101 
101 
587,030 
Current assets
Debtors
10,500 
10,500 
Cash at bank and in hand
36,409 
(15)
46,909 
10,485 
Creditors: amounts falling due within one year
(79,435)
(123,774)
Net current liabilities
(32,526)
(113,289)
Total assets less current liabilities
(32,425)
473,741 
Creditors: amounts falling due after more than one year
(82,690)
(450,000)
Provisions for liabilities
Deferred tax
- 
(278)
Other provisions
(58,729)
(10,500)
(58,729)
(10,778)
Net (liabilities)/assets
(173,844)
12,963 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(173,944)
12,863 
Shareholders' funds
(173,844)
12,963 
For the year ending 31 December 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 5 July 2023 and were signed on its behalf by
Diarmuid Foghlu Director Company Registration No. 03585025
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PPG Group Limited Notes to the Accounts for the year ended 31 December 2022
1
Statutory information
PPG Group Limited is a private company, limited by shares, registered in England and Wales, registration number 03585025. The registered office is 85 Great Portland Street, First Floor, London, W1W 7LT.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
10% Reducing Balance
4
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 January 2022
65,406 
Disposals
(65,406)
At 31 December 2022
- 
Depreciation
At 1 January 2022
63,946 
On disposals
(63,946)
At 31 December 2022
- 
Net book value
At 31 December 2022
- 
At 31 December 2021
1,460 
5
Investment property
2022 
£ 
Fair value at 1 January 2022
585,469 
Disposals
(585,469)
At 31 December 2022
- 
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PPG Group Limited Notes to the Accounts for the year ended 31 December 2022
6
Investments
Other investments 
£ 
Valuation at 1 January 2022
101 
Valuation at 31 December 2022
101 
7
Debtors
2022 
2021 
£ 
£ 
Amounts falling due within one year
Trade debtors
10,500 
10,500 
8
Creditors: amounts falling due within one year
2022 
2021 
£ 
£ 
Trade creditors
56,180 
81,771 
Taxes and social security
21,096 
20,165 
Loans from directors
359 
20,038 
Accruals
1,800 
1,800 
79,435 
123,774 
9
Creditors: amounts falling due after more than one year
2022 
2021 
£ 
£ 
Bank loans
50,000 
450,000 
Taxes and social security
32,690 
- 
82,690 
450,000 
10
Transactions with related parties
During the period Diarmuid Foghlu received salary payments, totalling £177,549. This sum included salary payments, of £126,350, for the period April 2019 to December 2021. These payments had been deferred in the previous periods.
11
Average number of employees
During the year the average number of employees was 1 (2021: 1).
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