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REGISTERED NUMBER: 12300439 (England and Wales)















Financial Statements for the Year Ended 30 November 2023

for

PP Properties Liverpool Ltd

PP Properties Liverpool Ltd (Registered number: 12300439)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PP Properties Liverpool Ltd

Company Information
for the Year Ended 30 November 2023







DIRECTOR: Miss P A Barr





REGISTERED OFFICE: 18 Kendal Way
Ainsdale
Southport
PR8 3TU





REGISTERED NUMBER: 12300439 (England and Wales)





ACCOUNTANTS: Cobham Murphy
116 Duke Street
Liverpool
Merseyside
L1 5JW

PP Properties Liverpool Ltd (Registered number: 12300439)

Balance Sheet
30 November 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 771
Investment property 5 1,580,000 1,831,000
1,580,000 1,831,771

CURRENT ASSETS
Cash at bank 929 3,958

CREDITORS
Amounts falling due within one year 6 229,589 236,631
NET CURRENT LIABILITIES (228,660 ) (232,673 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,351,340

1,599,098

CREDITORS
Amounts falling due after more than
one year

7

(1,107,060

)

(1,322,274

)

PROVISIONS FOR LIABILITIES (57,235 ) (72,579 )
NET ASSETS 187,045 204,245

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 187,044 204,244
187,045 204,245

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

PP Properties Liverpool Ltd (Registered number: 12300439)

Balance Sheet - continued
30 November 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 director and authorised for issue on 31 July 2024 and were signed by:





Miss P A Barr - Director


PP Properties Liverpool Ltd (Registered number: 12300439)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

PP Properties Liverpool Ltd 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.

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.

Turnover
Turnover is measured at the fair value of the rents received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Revenue is recognised when the rent is received.

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 - 15% on 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.

Directors loans and intercompany loans (being repayable on demand), trade debtors 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 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.


PP Properties Liverpool Ltd (Registered number: 12300439)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

2. ACCOUNTING POLICIES - continued
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).

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 December 2022 1,401
Disposals (1,401 )
At 30 November 2023 -
DEPRECIATION
At 1 December 2022 630
Eliminated on disposal (630 )
At 30 November 2023 -
NET BOOK VALUE
At 30 November 2023 -
At 30 November 2022 771

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 December 2022 1,831,000
Disposals (251,000 )
At 30 November 2023 1,580,000
NET BOOK VALUE
At 30 November 2023 1,580,000
At 30 November 2022 1,831,000

Investment property has been revalued in the year based on market value.

PP Properties Liverpool Ltd (Registered number: 12300439)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade creditors 1,316 2,050
Other creditors 228,273 234,581
229,589 236,631

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.11.23 30.11.22
£    £   
Bank loans 1,077,787 1,285,949
Other creditors 29,273 36,325
1,107,060 1,322,274

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 1,077,787 1,285,949
Other loans more 5yrs instal 5,824 -
1,083,611 1,285,949

8. SECURED DEBTS

The following secured debts are included within creditors:

30.11.23 30.11.22
£    £   
Bank loans 1,077,787 1,285,949