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REGISTERED NUMBER: 12047774 (England and Wales)















P&P INVESTMENT PROPERTIES LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH JUNE 2024






P&P INVESTMENT PROPERTIES LIMITED (REGISTERED NUMBER: 12047774)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH JUNE 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


P&P INVESTMENT PROPERTIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH JUNE 2024







DIRECTOR: Mr. P A Patel





REGISTERED OFFICE: 35 Pontrhydyrun Road
Pontrhydyrun
Cwmbran
United Kingdom
NP44 1SB





REGISTERED NUMBER: 12047774 (England and Wales)





ACCOUNTANTS: Carston Chartered Accountants
Tudor House
16 Cathedral Road
Cardiff
CF11 9LJ

P&P INVESTMENT PROPERTIES LIMITED (REGISTERED NUMBER: 12047774)

STATEMENT OF FINANCIAL POSITION
30TH JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 959 3,520
Investment property 5 1,802,308 1,802,308
1,803,267 1,805,828

CURRENT ASSETS
Cash at bank 102,051 53,418

CREDITORS
Amounts falling due within one year 6 382,877 323,343
NET CURRENT LIABILITIES (280,826 ) (269,925 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,522,441 1,535,903

CREDITORS
Amounts falling due after more than one year 7 (1,097,193 ) (1,129,350 )

PROVISIONS FOR LIABILITIES (103,999 ) (104,639 )
NET ASSETS 321,249 301,914

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 8 311,278 311,278
Retained earnings 9,871 (9,464 )
321,249 301,914

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 director and authorised for issue on 30th August 2024 and were signed by:





Mr. P A Patel - Director


P&P INVESTMENT PROPERTIES LIMITED (REGISTERED NUMBER: 12047774)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH JUNE 2024


1. STATUTORY INFORMATION

P&P Investment Properties 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 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.
Fixtures and fittings - 25% straight line 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

P&P INVESTMENT PROPERTIES LIMITED (REGISTERED NUMBER: 12047774)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH JUNE 2024


4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1st July 2023
and 30th June 2024 10,243
DEPRECIATION
At 1st July 2023 6,723
Charge for year 2,561
At 30th June 2024 9,284
NET BOOK VALUE
At 30th June 2024 959
At 30th June 2023 3,520

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st July 2023
and 30th June 2024 1,802,308
NET BOOK VALUE
At 30th June 2024 1,802,308
At 30th June 2023 1,802,308

Fair value at 30th June 2024 is represented by:
£   
Valuation in 2022 415,037
Cost 1,387,271
1,802,308

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 80,190 80,018
Trade creditors 65,383 -
Taxation and social security 2,381 -
Other creditors 234,923 243,325
382,877 323,343

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 1,097,193 1,129,350

P&P INVESTMENT PROPERTIES LIMITED (REGISTERED NUMBER: 12047774)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH JUNE 2024


8. RESERVES
Fair
value
reserve
£   
At 1st July 2023
and 30th June 2024 311,278