PLJ HOLDCO UK LTD
PROFIT AND LOSS ACCOUNT
FOR THE YEAR ENDED 31 DECEMBER 2022
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PLJ HOLDCO UK LTD
REGISTERED NUMBER: 9717084
BALANCE SHEET
AS AT 31 DECEMBER 2022
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Called up share capital not paid
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Creditors: amounts falling due within one year
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Total assets less current liabilities
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Notes
The company is a wholly owned subsidiary of PLJ Mezz Borrower UK Limited. It is included in the consolidated financial statemetns of PLJ Mezz Holdco UK Limited which are publicly available. The entity has taken advantage of the exemption from preparing consolidated financial statements contained in Section 400 of the Companies Act 2006 on the basis that it is a subsidiary undertaking and its immediate parent undertaking is established under the law of an EEA State.
The company is dependent on the financial support of the loan creditor to enable it to continue operating and meet its liabilities as they fall due. The lender has agreed to continue to provide financial support to the company and accordingly the directors have prepared the financial statements under the going concern concept.
Included in current assets is a loan balance of GBP103,583,829 (2021: GBP95,532,031) which attracts interest at 12% p.a. Included in the year end balance is accrued interest for the year of GBP8,051,799 (2021: GBP7,189,106). The loan is repayable on demand. Cumulative provisions for impairment totalling GBP40,705,932 (2021: GBP40,705,932) have been recorded against the above loans.
Included in creditors: amounts falling due within one year is a loan balance of GBP103,583,829 (2021: GBP95,532,031) which attracts interest at 12% pa. Included in the year end balance is accrued interest for the year of GBP8,051,799 (2021: GBP7,189,106).
The Company was entitled to exemption from audit under section 480 of the Companies Act 2006.
The members have not required the Company to obtain an audit for the year 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.
These financial statements have been prepared in accordance with the provisions applicable to entities subject to the micro-entities' regime.
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