IRIS Accounts Production v23.1.0.753 09076429 director 1.4.22 31.3.23 31.3.23 false true false false true false Fair value model Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure090764292022-03-31090764292023-03-31090764292022-04-012023-03-31090764292021-03-31090764292021-04-012022-03-31090764292022-03-3109076429ns15:EnglandWales2022-04-012023-03-3109076429ns14:PoundSterling2022-04-012023-03-3109076429ns10:Director12022-04-012023-03-3109076429ns10:PrivateLimitedCompanyLtd2022-04-012023-03-3109076429ns10:SmallEntities2022-04-012023-03-3109076429ns10:AuditExempt-NoAccountantsReport2022-04-012023-03-3109076429ns10:SmallCompaniesRegimeForDirectorsReport2022-04-012023-03-3109076429ns10:SmallCompaniesRegimeForAccounts2022-04-012023-03-3109076429ns10:AbridgedAccounts2022-04-012023-03-3109076429ns10:OrdinaryShareClass12022-04-012023-03-3109076429ns10:RegisteredOffice2022-04-012023-03-3109076429ns5:CurrentFinancialInstruments2023-03-3109076429ns5:CurrentFinancialInstruments2022-03-3109076429ns5:ShareCapital2023-03-3109076429ns5:ShareCapital2022-03-3109076429ns5:RetainedEarningsAccumulatedLosses2023-03-3109076429ns5:RetainedEarningsAccumulatedLosses2022-03-3109076429ns5:PlantMachinery2022-04-012023-03-3109076429ns10:OrdinaryShareClass12023-03-31
REGISTERED NUMBER: 09076429 (England and Wales)
























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

PPS INVESTMENT GROUP LIMITED

PPS INVESTMENT GROUP LIMITED (REGISTERED NUMBER: 09076429)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


PPS INVESTMENT GROUP LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTOR: Mr K J Wilkes



REGISTERED OFFICE: The Tower
Daltongate Business Centre
Ulverston
Cumbria
LA12 7AJ



BUSINESS ADDRESS: Process Pipework Services
North Lonsdale Road
Ulverston
Cumbria
LA12 9EB



REGISTERED NUMBER: 09076429 (England and Wales)



BANKERS: HSBC Bank plc
104 Duke Street
Barrow in Furness
Cumbria
LA14 0LR

PPS INVESTMENT GROUP LIMITED (REGISTERED NUMBER: 09076429)

ABRIDGED BALANCE SHEET
31 MARCH 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 55,792 69,569
Investments 5 603,558 665,000
Investment property 6 1,547,229 2,251,462
2,206,579 2,986,031

CURRENT ASSETS
Debtors 619,355 523,973
Cash at bank 323,281 25,996
942,636 549,969
CREDITORS
Amounts falling due within one year 477,110 1,009,618
NET CURRENT ASSETS/(LIABILITIES) 465,526 (459,649 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,672,105

2,526,382

CAPITAL AND RESERVES
Called up share capital 7 1 1
Retained earnings 2,672,104 2,526,381
SHAREHOLDERS' FUNDS 2,672,105 2,526,382

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

PPS INVESTMENT GROUP LIMITED (REGISTERED NUMBER: 09076429)

ABRIDGED BALANCE SHEET - continued
31 MARCH 2023


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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 1 November 2023 and were signed by:





Mr K J Wilkes - Director


PPS INVESTMENT GROUP LIMITED (REGISTERED NUMBER: 09076429)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1. STATUTORY INFORMATION

PPS Investment Group 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 net invoiced sales of services, excluding VAT.

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 - 15% on cost

Investment property
All of the company's investment properties and held for long-term investment and are included in the Balance Sheet at cost which is a departure from Financial Reporting Standard 102.

Depreciation is not provided in respect of investment properties which is a departure from Financial Reporting Standard 102 the Companies Act 2006. Depreciation if provided would not have been of a material nature

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 2 ) .

PPS INVESTMENT GROUP LIMITED (REGISTERED NUMBER: 09076429)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2022 94,371
Additions 52,792
Disposals (68,838 )
At 31 March 2023 78,325
DEPRECIATION
At 1 April 2022 24,802
Charge for year 11,749
Eliminated on disposal (14,018 )
At 31 March 2023 22,533
NET BOOK VALUE
At 31 March 2023 55,792
At 31 March 2022 69,569

5. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
At 1 April 2022 665,000
Additions 98,558
Disposals (160,000 )
At 31 March 2023 603,558
NET BOOK VALUE
At 31 March 2023 603,558
At 31 March 2022 665,000

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2022 2,251,462
Additions 149,176
Disposals (853,409 )
At 31 March 2023 1,547,229
NET BOOK VALUE
At 31 March 2023 1,547,229
At 31 March 2022 2,251,462

PPS INVESTMENT GROUP LIMITED (REGISTERED NUMBER: 09076429)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

6. INVESTMENT PROPERTY - continued

All of the company's investment properties and held for long-term investment and are included in the Balance Sheet at cost which is a departure from Financial Reporting Standard 102.

Depreciation is not provided in respect of investment properties which is a departure from Financial Reporting Standard 102 the Companies Act 2006. Depreciation if provided would not have been of a material nature

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.23 31.3.22
value: £    £   
1 Ordinary £1 1 1

8. RELATED PARTY DISCLOSURES

At 31st March 2023 Mr K J Wiles, a director of the company, had on an unsecured interest free basis advanced £415,162 to the company.

(Prior year £42,108)

9. ULTIMATE CONTROLLING PARTY

The controlling party is Mr K J Wilkes.