REGISTERED NUMBER: |
Financial Statements for the Period 28 June 2022 to 30 June 2023 |
for |
PPG Portfolio Freehold Limited |
REGISTERED NUMBER: |
Financial Statements for the Period 28 June 2022 to 30 June 2023 |
for |
PPG Portfolio Freehold Limited |
PPG Portfolio Freehold Limited (Registered number: 14200483) |
Contents of the Financial Statements |
for the Period 28 June 2022 to 30 June 2023 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
PPG Portfolio Freehold Limited |
Company Information |
for the Period 28 June 2022 to 30 June 2023 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
116 Duke Street |
Liverpool |
Merseyside |
L1 5JW |
PPG Portfolio Freehold Limited (Registered number: 14200483) |
Balance Sheet |
30 June 2023 |
Notes | £ | £ |
FIXED ASSETS |
Investments | 4 |
Investment property | 5 |
CURRENT ASSETS |
Debtors | 6 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 7 |
NET CURRENT LIABILITIES | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings | ( |
) |
( |
) |
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. |
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 |
PPG Portfolio Freehold Limited (Registered number: 14200483) |
Notes to the Financial Statements |
for the Period 28 June 2022 to 30 June 2023 |
1. | STATUTORY INFORMATION |
PPG Portfolio Freehold Limited is a |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Despite the current liability position of the company it is still considered a going concern due to ongoing continued support from the directors. |
Significant judgements and estimates |
There are no judgements (apart from those involving estimates) that have had a significant effect on amounts recognised in the financial statements. |
Investments in subsidiaries |
Investments in subsidiary undertakings are recognised at cost. |
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. |
Financial instruments |
Other loans are initially measured at the present value of future payments, discounted at a market rate of interest, and subsequently at amortised cost using the effective interest method. |
Intercompany loans (being repayable on demand) and trade creditors are measured at the undiscounted amount of the cash or other consideration expected to be paid or received. |
Taxation |
Taxation for the period 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. |
Deferred tax |
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 period 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. |
PPG Portfolio Freehold Limited (Registered number: 14200483) |
Notes to the Financial Statements - continued |
for the Period 28 June 2022 to 30 June 2023 |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the period was NIL. |
4. | FIXED ASSET INVESTMENTS |
Shares in |
group |
undertakings |
£ |
COST |
Additions |
At 30 June 2023 |
NET BOOK VALUE |
At 30 June 2023 |
5. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
Additions |
At 30 June 2023 |
NET BOOK VALUE |
At 30 June 2023 |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Amounts owed by group undertakings |
Amounts owed by associates |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Trade creditors |
Amounts owed to associates | 62,832 |
Other creditors |
8. | SECURED DEBTS |
The following secured debts are included within creditors: |
£ |
Other creditors | 427,500 |
PPG Portfolio Freehold Limited (Registered number: 14200483) |
Notes to the Financial Statements - continued |
for the Period 28 June 2022 to 30 June 2023 |
9. | RELATED PARTY DISCLOSURES |
Included in debtors is £9,900 due from the subsidiary of PPG Portfolio Freehold Limited and included in creditors is £62,832 due to a company which shares directors with PPG Portfolio Freehold Limited. Both of which are interest free and repayable on demand. |