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REGISTERED NUMBER: 09753160 (England and Wales)
























Unaudited Financial Statements

for the Year Ended 31 August 2023

for

P&P PROPERTY INVESTMENTS LIMITED

P&P PROPERTY INVESTMENTS LIMITED (REGISTERED NUMBER: 09753160)






Contents of the Financial Statements
for the year ended 31 August 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 6

P&P PROPERTY INVESTMENTS LIMITED

Company Information
for the year ended 31 August 2023







DIRECTORS: Mr S Petrasso
V Pipia
F Pipia





REGISTERED OFFICE: 253 High Street
Waltham Cross
Hertfordshire
EN8 7BE





REGISTERED NUMBER: 09753160 (England and Wales)





ACCOUNTANTS: Trevor Jones & Partners Ltd
Unit 14, Hoddesdon Enterprise Centre
Pindar Road
Hoddesdon
Hertfordshire
EN11 0FJ

P&P PROPERTY INVESTMENTS LIMITED (REGISTERED NUMBER: 09753160)

Balance Sheet
31 August 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 328,077 328,077

CURRENT ASSETS
Stocks 298,719 298,719
Debtors 5 311,133 310,509
Cash at bank 4,577 2,527
614,429 611,755
CREDITORS
Amounts falling due within one year 6 14,577 17,883
NET CURRENT ASSETS 599,852 593,872
TOTAL ASSETS LESS CURRENT
LIABILITIES

927,929

921,949

CREDITORS
Amounts falling due after more than one
year

7

918,785

910,266
NET ASSETS 9,144 11,683

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 9,142 11,681
9,144 11,683

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

P&P PROPERTY INVESTMENTS LIMITED (REGISTERED NUMBER: 09753160)

Balance Sheet - continued
31 August 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 4 March 2024 and were signed on its behalf by:





V Pipia - Director


P&P PROPERTY INVESTMENTS LIMITED (REGISTERED NUMBER: 09753160)

Notes to the Financial Statements
for the year ended 31 August 2023

1. STATUTORY INFORMATION

P&P Property Investments 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.

Turnover
Turnover represents Rents received excluding Value Added Tax from its investment and trading property portfolio.

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.

Stocks
Stocks are valued at the lower of cost and net realisable value. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition. Net realisable value represents the estimated selling price less all estimated costs of completion and costs to be incurred in marketing, selling and distribution. Land is recognised in stock when the significant risks and rewards of ownership have been transferred to the company.

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.

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 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.

3. EMPLOYEES AND DIRECTORS

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

P&P PROPERTY INVESTMENTS LIMITED (REGISTERED NUMBER: 09753160)

Notes to the Financial Statements - continued
for the year ended 31 August 2023

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 September 2022
and 31 August 2023 328,077
NET BOOK VALUE
At 31 August 2023 328,077
At 31 August 2022 328,077

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 3,520 2,896
Other debtors 307,613 307,613
311,133 310,509

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 2,124 2,130
Trade creditors 1,002 1,000
Other creditors 11,451 14,753
14,577 17,883

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 531,535 536,893
Other creditors 387,250 373,373
918,785 910,266

8. SECURED DEBTS

First legal charge taken over the properties known as 73 Rushfield, Potters Bar and 129 Crossbrook St, Cheshunt.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
P&P Property Investments Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of P&P Property Investments Limited for the year ended 31 August 2023 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of P&P Property Investments Limited, as a body, in accordance with the terms of our engagement letter dated 16 June 2022. Our work has been undertaken solely to prepare for your approval the financial statements of P&P Property Investments Limited and state those matters that we have agreed to state to the Board of Directors of P&P Property Investments Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than P&P Property Investments Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that P&P Property Investments Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of P&P Property Investments Limited. You consider that P&P Property Investments Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of P&P Property Investments Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Trevor Jones & Partners Ltd
Unit 14, Hoddesdon Enterprise Centre
Pindar Road
Hoddesdon
Hertfordshire
EN11 0FJ


4 March 2024