Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2true2022-02-17falseNo description of principal activityfalse 13923045 2022-02-16 13923045 2022-02-17 2023-03-31 13923045 2021-02-17 2022-02-16 13923045 2023-03-31 13923045 c:Director2 2022-02-17 2023-03-31 13923045 d:CurrentFinancialInstruments 2023-03-31 13923045 d:Non-currentFinancialInstruments 2023-03-31 13923045 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 13923045 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 13923045 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-03-31 13923045 d:ShareCapital 2023-03-31 13923045 d:RetainedEarningsAccumulatedLosses 2023-03-31 13923045 c:OrdinaryShareClass1 2022-02-17 2023-03-31 13923045 c:OrdinaryShareClass1 2023-03-31 13923045 c:FRS102 2022-02-17 2023-03-31 13923045 c:AuditExempt-NoAccountantsReport 2022-02-17 2023-03-31 13923045 c:FullAccounts 2022-02-17 2023-03-31 13923045 c:PrivateLimitedCompanyLtd 2022-02-17 2023-03-31 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 13923045









PPR PARADE WATFORD LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 MARCH 2023

 
PPR PARADE WATFORD LIMITED
REGISTERED NUMBER: 13923045

BALANCE SHEET
AS AT 31 MARCH 2023

2023
2023
£
£

  

Current assets
  

Stocks
 4 
2,327,637

Debtors: amounts falling due within one year
 5 
23,810

Cash at bank and in hand
 6 
249,445

  
2,600,892

Creditors: amounts falling due within one year
 7 
(1,335,302)

Net current assets
  
 
 
1,265,590

Total assets less current liabilities
  
1,265,590

Creditors: amounts falling due after more than one year
 8 
(1,268,418)

  

Net liabilities
  
(2,828)


Capital and reserves
  

Called up share capital 
 10 
9

Profit and loss account
  
(2,837)

  
(2,828)


Page 1

 
PPR PARADE WATFORD LIMITED
REGISTERED NUMBER: 13923045
    
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 on 14 November 2023.




N Hopkinson
Director

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

Page 2

 
PPR PARADE WATFORD LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023

1.


General information

PPR Parade Watford Limited is a private company limited by shares. The company is incorporated in England and Wales and its registered address is 5 Welbeck Street, London, W1G 9YQ.

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

Other operating income

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

 
2.3

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.

 
2.4

Borrowing costs

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

 
2.5

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.

 
2.6

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.

 
2.7

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.

Page 3

 
PPR PARADE WATFORD LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.8

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.

 
2.9

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
2,327,637



5.


Debtors

2023
£


Trade debtors
22,600

Prepayments and accrued income
1,210

23,810



6.


Cash and cash equivalents

2023
£

Cash at bank and in hand
249,445


Page 4

 
PPR PARADE WATFORD LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023

7.


Creditors: Amounts falling due within one year

2023
£

Bank loan
115,565

Other taxation and social security
58,344

Other creditors
1,161,393

1,335,302


Secured Loan
The 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 loan
1,268,418


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


9.


Loans


Analysis of the maturity of loans is given below:


2023
£

Amounts falling due within one year

Bank loan
115,565


Amounts falling due more than one year

Bank loan
1,268,418


1,383,983


Page 5

 
PPR PARADE WATFORD LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023

10.


Share capital

2023
£
Allotted, called up and fully paid


870 Ordinary shares of £0.01 each
9


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

 
Page 6