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REGISTERED NUMBER: 02693534 (England and Wales)















Financial Statements for the Year Ended 28 February 2023

for

PP LIMITED

PP LIMITED (REGISTERED NUMBER: 02693534)

Contents of the Financial Statements
for the year ended 28 February 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


PP LIMITED

Company Information
for the year ended 28 February 2023







DIRECTORS: R P Lewis
C M Hawkes





SECRETARY: C M Hawkes





REGISTERED OFFICE: Driftstone Manor
Middleway
Kingston Gorse
East Preston
West Sussex
BN16 1SB





REGISTERED NUMBER: 02693534 (England and Wales)






PP LIMITED (REGISTERED NUMBER: 02693534)

Balance Sheet
28 February 2023

2023 2022
Notes £    £   
CURRENT ASSETS
Debtors 4 4,057 28,659
Cash at bank 159,627 468,837
163,684 497,496
CREDITORS
Amounts falling due within one year 5 (130,713 ) (404,896 )
NET CURRENT ASSETS 32,971 92,600
TOTAL ASSETS LESS CURRENT
LIABILITIES

32,971

92,600

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 32,771 92,400
SHAREHOLDERS' FUNDS 32,971 92,600

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 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 applicable to companies subject to the small companies regime.

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

The financial statements were approved by the Board of Directors and authorised for issue on 23 October 2023 and were signed on its behalf by:





C M Hawkes - Director


PP LIMITED (REGISTERED NUMBER: 02693534)

Notes to the Financial Statements
for the year ended 28 February 2023


1. STATUTORY INFORMATION

PP Limited 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents commissions on net invoiced sales of services, excluding value added tax.

Going concern
The financial statements have been prepared on the going concern basis, which presumes that the company will continue in operational existence for the foreseeable future, being a period of at least 12 months from the date of approval of these financial statements.

In making this assessment the directors have given consideration to how the COVID-19 pandemic has, and may continue to impact its business. The directors are satisfied that the company has been able to continually adapt its working practices to be compliant with regulations and guidance and provide a safe working environment.

In view of the above, and after taking into account all other information that could reasonably be expected to be available, the directors are confident that the company will continue in operational existence for the foreseeable future and that the going concern basis is therefore appropriate for the preparation of the company’s financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 4,057 28,659

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 103,397 300,972
Taxation and social security 27,316 28,923
Other creditors - 75,001
130,713 404,896

6. RELATED PARTY DISCLOSURES

During the year, the company provided the services of consultants to businesses of which R P Lewis and C M Hawkes are also directors. The commission earned on this provision was £16,868 (2022: £19,889).