PTP Accounts Productionv24.1.9.205591867Board of Directors1.11.2231.10.2331.10.23falsetruefalsefalsetruefalseFair value modelOrdinary1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh055918672022-10-31055918672023-10-31055918672022-11-012023-10-31055918672021-10-31055918672021-11-012022-10-31055918672022-10-3105591867ns15:EnglandWales2022-11-012023-10-3105591867ns14:PoundSterling2022-11-012023-10-3105591867ns10:Director12022-11-012023-10-3105591867ns10:PrivateLimitedCompanyLtd2022-11-012023-10-3105591867ns10:SmallEntities2022-11-012023-10-3105591867ns10:AuditExemptWithAccountantsReport2022-11-012023-10-3105591867ns10:SmallCompaniesRegimeForDirectorsReport2022-11-012023-10-3105591867ns10:SmallCompaniesRegimeForAccounts2022-11-012023-10-3105591867ns10:FullAccounts2022-11-012023-10-3105591867ns10:OrdinaryShareClass12022-11-012023-10-3105591867ns10:Director22022-11-012023-10-3105591867ns10:CompanySecretary12022-11-012023-10-3105591867ns10:RegisteredOffice2022-11-012023-10-3105591867ns5:CurrentFinancialInstruments2023-10-3105591867ns5:CurrentFinancialInstruments2022-10-3105591867ns5:Non-currentFinancialInstruments2023-10-3105591867ns5:Non-currentFinancialInstruments2022-10-3105591867ns5:ShareCapital2023-10-3105591867ns5:ShareCapital2022-10-3105591867ns5:FurtherSpecificReserve3ComponentTotalEquity2023-10-3105591867ns5:FurtherSpecificReserve3ComponentTotalEquity2022-10-3105591867ns5:RetainedEarningsAccumulatedLosses2023-10-3105591867ns5:RetainedEarningsAccumulatedLosses2022-10-3105591867ns5:PlantMachinery2022-10-3105591867ns5:PlantMachinery2023-10-3105591867ns5:Secured2023-10-3105591867ns5:Secured2022-10-3105591867ns5:DeferredTaxation2022-10-3105591867ns5:DeferredTaxation2023-10-3105591867ns10:OrdinaryShareClass12023-10-3105591867ns5:RetainedEarningsAccumulatedLosses2022-10-3105591867ns5:FurtherSpecificReserve3ComponentTotalEquity2022-10-3105591867ns5:RetainedEarningsAccumulatedLosses2022-11-012023-10-31

REGISTERED NUMBER: 05591867 (England and Wales)
















Unaudited Financial Statements for the Year Ended 31 October 2023

for


P & P Projects (UK) Limited


P & P Projects (UK) Limited (Registered number: 05591867)







Contents of the Financial Statements

for the Year Ended 31 October 2023





Page



Company Information  

1



Balance Sheet  

2



Notes to the Financial Statements  

4



Report of the Accountants  

8



P & P Projects (UK) Limited


Company Information

for the Year Ended 31 October 2023









DIRECTORS:

A Paps


N Toffis







SECRETARY:

A Paps







REGISTERED OFFICE:

68 Waggon Road


London


EN4 OPP







REGISTERED NUMBER:

05591867 (England and Wales)







ACCOUNTANTS:

Tasos Papaloizou Chartered Accountants


Suite 1


The Golf Club


Darkes Lane


Potters Bar


EN6 1DE


P & P Projects (UK) Limited (Registered number: 05591867)


Balance Sheet

31 October 2023



31.10.23

31.10.22



Notes

£   

£   

£   

£   


FIXED ASSETS

Tangible assets

4

-


-



Investment property

5

450,000


450,000



450,000


450,000




CURRENT ASSETS

Cash at bank and in hand

9,817


16,918




CREDITORS

Amounts falling due within one year

6

56,662


61,724



NET CURRENT LIABILITIES

(46,845

)

(44,806

)


TOTAL ASSETS LESS CURRENT

LIABILITIES

403,155


405,194




CREDITORS

Amounts falling due after more than one

year

7

(234,965

)

(234,965

)



PROVISIONS FOR LIABILITIES

9

(29,940

)

(29,940

)


NET ASSETS

138,250


140,289




CAPITAL AND RESERVES

Called up share capital

10

1,000


1,000



Fair value reserve

11

140,972


140,972



Retained earnings

11

(3,722

)

(1,683

)


SHAREHOLDERS' FUNDS

138,250


140,289




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


The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 Projects (UK) Limited (Registered number: 05591867)


Balance Sheet - continued

31 October 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 28 July 2024 and were signed on its behalf by:






A Paps - Director



P & P Projects (UK) Limited (Registered number: 05591867)


Notes to the Financial Statements

for the Year Ended 31 October 2023


1.

STATUTORY INFORMATION



P & P Projects (UK) 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, excluding discounts, rebates, value added tax and other sales taxes.


Tangible fixed assets


Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.  



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.


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 2 (2022 - 2 ) .


P & P Projects (UK) Limited (Registered number: 05591867)


Notes to the Financial Statements - continued

for the Year Ended 31 October 2023


4.

TANGIBLE FIXED ASSETS


Plant and


machinery


etc

£   



COST


At 1 November 2022


and 31 October 2023

4,647




DEPRECIATION


At 1 November 2022


and 31 October 2023

4,647




NET BOOK VALUE


At 31 October 2023

-




5.

INVESTMENT PROPERTY


Total

£   



FAIR VALUE


At 1 November 2022


and 31 October 2023

450,000




NET BOOK VALUE


At 31 October 2023

450,000




At 31 October 2022

450,000





Fair value at 31 October 2023 is represented by:

£   



Valuation in 2018

174,039




Cost

275,961



450,000





The investment property was valued on an open market basis basis on 31 October 2023 by the directors .


6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR



31.10.23


31.10.22

£   

£   



Other creditors

56,662


61,724




7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE

YEAR



31.10.23


31.10.22

£   

£   



Bank loans

234,965


234,965




P & P Projects (UK) Limited (Registered number: 05591867)


Notes to the Financial Statements - continued

for the Year Ended 31 October 2023


7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued


31.10.23


31.10.22

£   

£   



Amounts falling due in more than five years:



Repayable by instalments


Bank loans more 5 yr by instal

234,965


234,965




8.

SECURED DEBTS



The following secured debts are included within creditors:



31.10.23


31.10.22

£   

£   



Bank loans

234,965


234,965





The Bank loans are secured by way of a fixed charge over the freehold properties.


9.

PROVISIONS FOR LIABILITIES


31.10.23


31.10.22

£   

£   



Deferred tax

29,940


29,940





Deferred



tax


£   



Balance at 1 November 2022

29,940




Balance at 31 October 2023

29,940




10.

CALLED UP SHARE CAPITAL



Allotted, issued and fully paid:


Number:

Class:

Nominal

31.10.23


31.10.22


value:

£   

£   



1,000

Ordinary

£1

1,000


1,000




11.

RESERVES


Fair



Retained


value



earnings


reserve


Totals

£   

£   

£   




At 1 November 2022

(1,683

)

140,972


139,289




Deficit for the year

(2,039

)

(2,039

)



At 31 October 2023

(3,722

)

140,972


137,250




P & P Projects (UK) Limited (Registered number: 05591867)


Notes to the Financial Statements - continued

for the Year Ended 31 October 2023


12.

RELATED PARTY DISCLOSURES



Included in other creditors is £ 55,762 ( 2021- £55,762) jointly owed to the Directors Mr A Paps and Mrs N Toffis.


P & P Projects (UK) Limited


Report of the Accountants to the Directors of

P & P Projects (UK) 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.


As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 October 2023 set out on pages three to nine and you consider that the company is exempt from an audit.  


In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.  







Tasos Papaloizou Chartered Accountants

Suite 1

The Golf Club

Darkes Lane

Potters Bar

EN6 1DE



Date: .............................................