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REGISTERED NUMBER: 11814571 (England and Wales)















PP GLOBAL HOLDINGS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023






PP GLOBAL HOLDINGS LIMITED (REGISTERED NUMBER: 11814571)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PP GLOBAL HOLDINGS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: Mr P J O'Reilly
Mrs L Barnard
Mr P Barnard





REGISTERED OFFICE: 15 High Street
Brackley
Northamptonshire
NN13 7DH





REGISTERED NUMBER: 11814571 (England and Wales)





ACCOUNTANTS: Blencowes
15 High Street
Brackley
Northamptonshire
NN13 7DH

PP GLOBAL HOLDINGS LIMITED (REGISTERED NUMBER: 11814571)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 17,762 19,321
Tangible assets 5 143,381 142,041
Investments 6 46,500 46,200
207,643 207,562

CURRENT ASSETS
Stocks 45,002 11,500
Debtors 7 61,308 28,654
Cash at bank and in hand 15,668 20,053
121,978 60,207
CREDITORS
Amounts falling due within one year 8 109,042 39,496
NET CURRENT ASSETS 12,936 20,711
TOTAL ASSETS LESS CURRENT
LIABILITIES

220,579

228,273

CREDITORS
Amounts falling due after more than one year 9 (98,062 ) (121,829 )

PROVISIONS FOR LIABILITIES (26,465 ) (1,510 )
NET ASSETS 96,052 104,934

CAPITAL AND RESERVES
Called up share capital 10 100 100
Revaluation reserve 43,909 35,909
Retained earnings 52,043 68,925
SHAREHOLDERS' FUNDS 96,052 104,934

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 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.

PP GLOBAL HOLDINGS LIMITED (REGISTERED NUMBER: 11814571)

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.

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

The financial statements were approved by the Board of Directors and authorised for issue on 9 November 2023 and were signed on its behalf by:





Mr P Barnard - Director


PP GLOBAL HOLDINGS LIMITED (REGISTERED NUMBER: 11814571)

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

1. STATUTORY INFORMATION

PP Global Holdings 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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable net of VAT and trade discounts. The policies adopted for the recognition of turnover are as follows:

Sale of goods

Turnover from the sale of goods is recognised when significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably. This is usually on sale of goods (eg. dispatch of the goods).

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2019, is being amortised evenly over its estimated useful life of fifteen years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 4% on cost of buildings
Plant and machinery - 20% on cost
Fixtures and fittings - 50% on cost
Motor vehicles - 20% on cost
Computer equipment - 20% on cost

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition. Cost is calculated using the first-in, first-out formula. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

PP GLOBAL HOLDINGS LIMITED (REGISTERED NUMBER: 11814571)

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

2. ACCOUNTING POLICIES - continued

Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at
transaction price. Any losses arising from impairment are recognised in the profit and loss account in other
administrative expenses.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2022
and 31 March 2023 23,998
AMORTISATION
At 1 April 2022 4,677
Charge for year 1,559
At 31 March 2023 6,236
NET BOOK VALUE
At 31 March 2023 17,762
At 31 March 2022 19,321

PP GLOBAL HOLDINGS LIMITED (REGISTERED NUMBER: 11814571)

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

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
COST OR VALUATION
At 1 April 2022 140,000 6,547 6,232
Revaluations 8,000 - -
At 31 March 2023 148,000 6,547 6,232
DEPRECIATION
At 1 April 2022 4,000 3,410 6,191
Charge for year 4,000 1,309 41
At 31 March 2023 8,000 4,719 6,232
NET BOOK VALUE
At 31 March 2023 140,000 1,828 -
At 31 March 2022 136,000 3,137 41

Motor Computer
vehicles equipment Totals
£    £    £   
COST OR VALUATION
At 1 April 2022 4,600 1,951 159,330
Revaluations - - 8,000
At 31 March 2023 4,600 1,951 167,330
DEPRECIATION
At 1 April 2022 2,760 928 17,289
Charge for year 920 390 6,660
At 31 March 2023 3,680 1,318 23,949
NET BOOK VALUE
At 31 March 2023 920 633 143,381
At 31 March 2022 1,840 1,023 142,041

Cost or valuation at 31 March 2023 is represented by:

Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
Valuation in 2020 35,909 - -
Valuation in 2023 8,000 - -
Cost 104,091 6,547 6,232
148,000 6,547 6,232

PP GLOBAL HOLDINGS LIMITED (REGISTERED NUMBER: 11814571)

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

5. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
Valuation in 2020 - - 35,909
Valuation in 2023 - - 8,000
Cost 4,600 1,951 123,421
4,600 1,951 167,330

The property was revalued by the directors at 31 March 2023 and they consider £140,000 to be the market value as at the balance sheet date.

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 April 2022 46,200
Additions 300
At 31 March 2023 46,500
NET BOOK VALUE
At 31 March 2023 46,500
At 31 March 2022 46,200

7. DEBTORS
2023 2022
£    £   
Amounts falling due within one year:
Trade debtors 13,940 8,654
Other debtors 44,106 20,000
58,046 28,654

Amounts falling due after more than one year:
Directors' loan accounts 3,262 -

Aggregate amounts 61,308 28,654

PP GLOBAL HOLDINGS LIMITED (REGISTERED NUMBER: 11814571)

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

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 85,115 18,806
Tax 3,420 -
Social security and other taxes 1,703 1,231
VAT 8,054 7,549
Other creditors 300 204
Accrued expenses 450 1,706
109,042 39,496

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 2-5 years 21,667 31,667
Other loans 75,375 28,000
Directors' loan accounts 1,020 62,162
98,062 121,829

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
50 A Ordinary £1 50 50
50 B Ordinary £1 50 50
100 100

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2023 and 31 March 2022:

2023 2022
£    £   
Mr P Barnard and Mrs L Barnard
Balance outstanding at start of year (61,454 ) (60,830 )
Amounts advanced 75,000 -
Amounts repaid (10,284 ) (624 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 3,262 (61,454 )

For the year ended 31 March 2023 the overdrawn Director's Loan Account was repaid in full within nine months of the year end.

12. ULTIMATE CONTROLLING PARTY

The controlling party is considered to be Mr P Barnard by virtue of his majority shareholding in the company.