Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-31true2022-01-27falseNo description of principal activity2trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 13875237 2022-01-26 13875237 2022-01-27 2023-03-31 13875237 2021-04-01 2022-01-26 13875237 2023-03-31 13875237 c:Director2 2022-01-27 2023-03-31 13875237 d:CurrentFinancialInstruments 2023-03-31 13875237 d:Non-currentFinancialInstruments 2023-03-31 13875237 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 13875237 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 13875237 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-03-31 13875237 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-03-31 13875237 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-03-31 13875237 d:ShareCapital 2023-03-31 13875237 d:RetainedEarningsAccumulatedLosses 2023-03-31 13875237 c:OrdinaryShareClass1 2022-01-27 2023-03-31 13875237 c:OrdinaryShareClass1 2023-03-31 13875237 c:FRS102 2022-01-27 2023-03-31 13875237 c:AuditExempt-NoAccountantsReport 2022-01-27 2023-03-31 13875237 c:FullAccounts 2022-01-27 2023-03-31 13875237 c:PrivateLimitedCompanyLtd 2022-01-27 2023-03-31 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 13875237









PPR HIGH CHELMSFORD LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 MARCH 2023

 
PPR HIGH CHELMSFORD LIMITED
REGISTERED NUMBER: 13875237

BALANCE SHEET
AS AT 31 MARCH 2023

2023
2023
Note
£
£

  

Current assets
  

Stocks
 4 
4,491,800

Debtors: amounts falling due within one year
 5 
36,300

Cash at bank and in hand
 6 
409,320

  
4,937,420

Creditors: amounts falling due within one year
 7 
(2,367,862)

Net current assets
  
 
 
2,569,558

Total assets less current liabilities
  
2,569,558

Creditors: amounts falling due after more than one year
  
(2,569,589)

  

Net liabilities
  
(31)


Capital and reserves
  

Called up share capital 
 10 
9

Profit and loss account
  
(40)

  
(31)


Page 1

 
PPR HIGH CHELMSFORD LIMITED
REGISTERED NUMBER: 13875237
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question 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 financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




................................................
N Hopkinson
Director

Date: 24 October 2023

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
PPR HIGH CHELMSFORD LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023

1.


General information

PPR High Chelmsford Limited is a private company, limited by shares.  The company is incorporated in England and Wales and the address of the registered office is 5 Welbeck Street, London, WIG 9YQ.  
The financial statements are presented in Sterling (£), rounded to the nearest £1.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

  
2.3

Other operating income

Other operating income principally relates to rental income, such income is recognised on an accural basis.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the period in which they are incurred.

 
2.6

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. 

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Page 3

 
PPR HIGH CHELMSFORD LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.9

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.

 
2.10

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.


3.


Employees

The average monthly number of employees, including directors, during the period was 2.


4.


Stocks

2023
£

Property Stock
4,491,800



5.


Debtors

2023
£


Called up share capital not paid
9

Prepayments and accrued income
36,291

36,300


Page 4

 
PPR HIGH CHELMSFORD LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023

6.


Cash and cash equivalents

2023
£

Cash at bank and in hand
409,320



7.


Creditors: Amounts falling due within one year

2023
£

Bank loans
74,408

Trade creditors
29,930

Other taxation and social security
24,052

Other creditors
2,150,909

Accruals and deferred income
88,563

2,367,862


Secured loan
The bank loan is secured by a fixed charge over the property and a floating charge over the property and undertakings of the company.


8.


Creditors: Amounts falling due after more than one year

2023
£

Bank loans
2,569,589


Secured loan
The bank loan is secured by a fixed charge over the property and a floating charge over the property and undertakings of the company.

Page 5

 
PPR HIGH CHELMSFORD LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023

9.


Loans


Analysis of the maturity of loans is given below:


2023
£

Amounts falling due within one year

Bank loans
74,408

Amounts falling due 1-2 years

Bank loans
74,408

Amounts falling due 2-5 years

Bank loans
223,223

Amounts falling due after more than 5 years

Bank loans
2,271,958

2,643,997



10.


Share capital

2023
£
Allotted, called up and fully paid


870 Ordinary Shares shares of £0.01 each
9


On incorporation, 870 ordinary shares of £0.01 each were issued at par to form the initial capital base of the company.

 
Page 6