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REGISTERED NUMBER: 05996308 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2023

FOR

PPDL (SOUTHEND) LIMITED

PPDL (SOUTHEND) LIMITED (REGISTERED NUMBER: 05996308)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PPDL (SOUTHEND) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2023







DIRECTORS: I L M Phoenix
R N Phoenix





SECRETARY: G W Latham





REGISTERED OFFICE: Hedge House
Hangersley Hill
Ringwood
Hampshire
BH24 3JW





REGISTERED NUMBER: 05996308 (England and Wales)





ACCOUNTANTS: Graham Latham Limited
Hedge House
Hangersley Hill
Ringwood
Hampshire
BH24 3JW

PPDL (SOUTHEND) LIMITED (REGISTERED NUMBER: 05996308)

BALANCE SHEET
28 FEBRUARY 2023

28.2.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 76 101
Investment property 5 1,300,000 1,300,000
1,300,076 1,300,101

CURRENT ASSETS
Debtors 6 253,337 14,479
Cash at bank 41,679 314,621
295,016 329,100
CREDITORS
Amounts falling due within one year 7 612,418 247,938
NET CURRENT (LIABILITIES)/ASSETS (317,402 ) 81,162
TOTAL ASSETS LESS CURRENT
LIABILITIES

982,674

1,381,263

CREDITORS
Amounts falling due after more than one
year

8

-

395,108
NET ASSETS 982,674 986,155

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 10 978,000 978,000
Retained earnings 4,574 8,055
SHAREHOLDERS' FUNDS 982,674 986,155

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.

PPDL (SOUTHEND) LIMITED (REGISTERED NUMBER: 05996308)

BALANCE SHEET - continued
28 FEBRUARY 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 21 November 2023 and were signed on its behalf by:





I L M Phoenix - Director


PPDL (SOUTHEND) LIMITED (REGISTERED NUMBER: 05996308)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

1. STATUTORY INFORMATION

PPDL (Southend) 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 as modified by the revaluation of certain assets.

Turnover
Turnover represents rent receivable, excluding value added tax.

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 etc - 25% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2022
and 28 February 2023 1,083
DEPRECIATION
At 1 March 2022 982
Charge for year 25
At 28 February 2023 1,007
NET BOOK VALUE
At 28 February 2023 76
At 28 February 2022 101

PPDL (SOUTHEND) LIMITED (REGISTERED NUMBER: 05996308)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 March 2022
and 28 February 2023 1,300,000
NET BOOK VALUE
At 28 February 2023 1,300,000
At 28 February 2022 1,300,000

Fair value at 28 February 2023 is represented by:
£   
Valuation in 2012 1,300,000

If the investment property had not been revalued it would have been included at the following historical cost:

28.2.23 28.2.22
£    £   
Cost 322,000 322,000

The investment property was valued on an open market basis on 6 March 2012 by Mr D M Rona .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Trade debtors 12,027 9,916
Other debtors 241,310 4,563
253,337 14,479

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Bank loans and overdrafts 395,110 24,206
Trade creditors 5,787 4,814
Amounts owed to group undertakings 124,766 124,766
Taxation and social security 15,926 22,831
Other creditors 70,829 71,321
612,418 247,938

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
28.2.23 28.2.22
£    £   
Bank loans - 395,108

PPDL (SOUTHEND) LIMITED (REGISTERED NUMBER: 05996308)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023

9. SECURED DEBTS

The following secured debts are included within creditors:

28.2.23 28.2.22
£    £   
Bank loans 395,110 419,314

10. RESERVES
Revaluation
reserve
£   
At 1 March 2022
and 28 February 2023 978,000

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 28 February 2023 and 28 February 2022:

28.2.23 28.2.22
£    £   
I L M Phoenix
Balance outstanding at start of year (783 ) (355 )
Amounts advanced 234,022 -
Amounts repaid - (428 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 233,239 (783 )

The director, Mr I Phoenix, has repaid his loan within 9 months of the year end.