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Registration number: 09361461

PP (Holdings) Limited

Unaudited Financial Statements

for the Year Ended 31 December 2023

 

PP (Holdings) Limited

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 7

 

PP (Holdings) Limited

(Registration number: 09361461)
Balance Sheet as at 31 December 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

69,604

90,498

Investments

5

200

200

 

69,804

90,698

Current assets

 

Debtors

6

176,680

73,405

Cash at bank and in hand

 

5,567

46,309

 

182,247

119,714

Creditors: Amounts falling due within one year

7

(49,667)

(7,738)

Net current assets

 

132,580

111,976

Total assets less current liabilities

 

202,384

202,674

Provisions for liabilities

(5,221)

(11,320)

Net assets

 

197,163

191,354

Capital and reserves

 

Called up share capital

100

100

Retained earnings

197,063

191,254

Shareholders' funds

 

197,163

191,354

 

PP (Holdings) Limited

(Registration number: 09361461)
Balance Sheet as at 31 December 2023

For the financial year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 5 June 2024 and signed on its behalf by:
 

.........................................
Mr PR Kenney
Director

 

PP (Holdings) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
7-9 Macon Court
Crewe
Cheshire
CW1 6EA
UK

The principal place of business is:
Unit 6, Bankfield Court
Commercial Road
Bromborough
Wirral
CH62 3NL

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

These financial statements are prepared in Sterling, which is the functional currency of the company. All monetary amounts are rounded to the nearest £.

Tax

The tax expense for the period comprises current and deferred tax.

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

 

PP (Holdings) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

20% on reducing balance

Fixtures and fittings

20% on reducing balance

Motor vehicles

25% on reducing balance

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 5 (2022 - 6).

4

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Plant and machinery
£

Total
£

Cost or valuation

At 1 January 2023

14,658

121,500

33,734

169,892

At 31 December 2023

14,658

121,500

33,734

169,892

Depreciation

At 1 January 2023

3,714

65,614

10,066

79,394

Charge for the year

2,188

13,972

4,734

20,894

At 31 December 2023

5,902

79,586

14,800

100,288

Carrying amount

At 31 December 2023

8,756

41,914

18,934

69,604

At 31 December 2022

10,944

55,886

23,668

90,498

 

PP (Holdings) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

5

Investments

2023
£

2022
£

Investments in subsidiaries

200

200

Subsidiaries

£

Cost or valuation

At 1 January 2023

200

Provision

Carrying amount

At 31 December 2023

200

At 31 December 2022

200

Details of undertakings

Details of the investments in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking

Registered office

Holding

Proportion of voting rights and shares held

     

2023

2022

Subsidiary undertakings

WDS Commercial Limited

England and Wales

Ordinary

100%

100%

Window & Door Solutions Limited

England and Wales

Ordinary

100%

100%

WDS Commercial Aluminium Limited

England and Wales

Ordinary

100%

100%

 

PP (Holdings) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

Subsidiary undertakings

WDS Commercial Limited

The principal activity of WDS Commercial Limited is window manufacturers & installation.

Window & Door Solutions Limited

The principal activity of Window & Door Solutions Limited is manufacture and installation of windows and doors.

WDS Commercial Aluminium Limited

The principal activity of WDS Commercial Aluminium Limited is window manufacturers and installation.

 

PP (Holdings) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

6

Debtors

Current

2023
£

2022
£

Other debtors

176,680

73,405

 

176,680

73,405

7

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Other creditors

48,942

7,058

Accruals

725

680

49,667

7,738

49,667

7,738