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REGISTERED NUMBER: 10058404 (England and Wales)









Financial Statements

for the Year Ended 31 August 2023

for

PPP Properties Ltd

PPP Properties Ltd (Registered number: 10058404)






Contents of the Financial Statements
for the Year Ended 31 August 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


PPP Properties Ltd

Company Information
for the Year Ended 31 August 2023







DIRECTORS: S Pullen
Mrs N Pullen





SECRETARY: S Pullen





REGISTERED OFFICE: Unit 1 Pressmore Farm Barns
Ashley Green Road
Chesham
Buckinghamshire
HP5 3PF





REGISTERED NUMBER: 10058404 (England and Wales)





ACCOUNTANTS: Parker Cavendish
Chartered Accountants
28 Church Road
Stanmore
Middlesex
HA7 4XR

PPP Properties Ltd (Registered number: 10058404)

Statement of Financial Position
31 August 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 1,036 -
Investments 5 71,514 79,674
Investment property 6 2,507,065 2,495,694
2,579,615 2,575,368

CURRENT ASSETS
Debtors 7 12,221 19,464
Cash at bank and in hand 17,867 7,648
30,088 27,112
CREDITORS
Amounts falling due within one year 8 (2,885,542 ) (2,823,938 )
NET CURRENT LIABILITIES (2,855,454 ) (2,796,826 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(275,839

)

(221,458

)

CREDITORS
Amounts falling due after more than one
year

9

(75,743

)

(159,519

)
NET LIABILITIES (351,582 ) (380,977 )

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (351,584 ) (380,979 )
(351,582 ) (380,977 )

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.

PPP Properties Ltd (Registered number: 10058404)

Statement of Financial Position - 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 August 2024 and were signed on its behalf by:





S Pullen - Director


PPP Properties Ltd (Registered number: 10058404)

Notes to the Financial Statements
for the Year Ended 31 August 2023

1. STATUTORY INFORMATION

PPP Properties 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 as modified by the revaluation of certain assets.

Turnover
Turnover represents rents receivable excluding value added tax.

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 - 25% Straight line

Investment property
Initial measurement
Investment properties are initially measured at cost.

Subsequent measurement
Investment properties are measured at fair value at each reporting date with changes in fair values recognised in profit or loss. No depreciation is provided in respect of investment properties.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Investments
Investments are initially recognised at cost and at fair value at the end of each period if the value can be measured reliably.

3. EMPLOYEES AND DIRECTORS

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

PPP Properties Ltd (Registered number: 10058404)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
Additions 1,162
At 31 August 2023 1,162
DEPRECIATION
Charge for year 126
At 31 August 2023 126
NET BOOK VALUE
At 31 August 2023 1,036

5. FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:
2023 2022
£    £   
Other investments 79,674 139,398
Disposal (20,832 ) (52,419 )
Revaluation 12,672 (7,305 )
71,514 79,674

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 September 2022 2,495,694
Additions 131,062
Disposals (173,719 )
Revaluations 54,028
At 31 August 2023 2,507,065
NET BOOK VALUE
At 31 August 2023 2,507,065
At 31 August 2022 2,495,694

Fair value at 31 August 2023 is represented by:
£   
Valuation in 2023 2,507,065

If the investment properties had not been revalued they would have been included at the following historical cost:

2023 2022
£    £   
Cost 2,747,172 2,791,057

The investment properties were valued on an open market basis on 31 August 2023 by the directors .

PPP Properties Ltd (Registered number: 10058404)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 1,200 3,388
Other debtors 6,778 3,770
VAT 3,701 10,489
Prepayments & accrued income 542 1,817
12,221 19,464

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,000 10,000
Other loans 74,011 90,678
Trade creditors 2,582 297
Other creditors 2,735,433 2,684,012
Service charges 32,976 26,586
Directors' current accounts 16,752 1,752
Accruals & deferred income 13,788 10,613
2,885,542 2,823,938

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loan 18,116 27,881
Other Loan 57,627 131,638
75,743 159,519

The other loan is secured on an investment property.