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REGISTERED NUMBER: 05224509 (England and Wales)




















Unaudited Financial Statements

for the Year Ended 29 February 2024

for

PPP UK LIMITED

PPP UK LIMITED (REGISTERED NUMBER: 05224509)

Contents of the Financial Statements
for the Year Ended 29 February 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PPP UK LIMITED

Company Information
for the Year Ended 29 February 2024







DIRECTOR: Dr H Fard





REGISTERED OFFICE: Orchard House, Henwood Road
Ashford
Kent
TN24 8DH





REGISTERED NUMBER: 05224509 (England and Wales)





ACCOUNTANTS: Calcutt Matthews WBZ Ltd
19 North Street
Ashford
Kent
TN24 8LF

PPP UK LIMITED (REGISTERED NUMBER: 05224509)

Balance Sheet
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 99,342 155,150

CURRENT ASSETS
Stocks 6,600 6,600
Debtors 5 630,398 203,383
Cash at bank 197,636 667,475
834,634 877,458
CREDITORS
Amounts falling due within one year 6 44,793 46,190
NET CURRENT ASSETS 789,841 831,268
TOTAL ASSETS LESS CURRENT LIABILITIES 889,183 986,418

CREDITORS
Amounts falling due after more than one
year

7

1,159,662

1,108,580
NET LIABILITIES (270,479 ) (122,162 )

CAPITAL AND RESERVES
Called up share capital 90 90
Retained earnings (270,569 ) (122,252 )
SHAREHOLDERS' FUNDS (270,479 ) (122,162 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 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.

PPP UK LIMITED (REGISTERED NUMBER: 05224509)

Balance Sheet - continued
29 February 2024


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 8 May 2024 and were signed by:





Dr H Fard - Director


PPP UK LIMITED (REGISTERED NUMBER: 05224509)

Notes to the Financial Statements
for the Year Ended 29 February 2024


1. STATUTORY INFORMATION

PPP 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.

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.

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.
Plant and machinery etc - 10% on cost and 5% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

PPP UK LIMITED (REGISTERED NUMBER: 05224509)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2023
and 29 February 2024 515,380
DEPRECIATION
At 1 March 2023 360,230
Charge for year 55,808
At 29 February 2024 416,038
NET BOOK VALUE
At 29 February 2024 99,342
At 28 February 2023 155,150

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade debtors 131,323 104,308
Amounts owed by participating interests 499,075 99,075
630,398 203,383

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade creditors 17,082 16,986
Taxation and social security 16,937 23,195
Other creditors 10,774 6,009
44,793 46,190

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
29.2.24 28.2.23
£    £   
Other creditors 1,159,662 1,108,580

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Loan from private individual 902,464 851,382
Directors Long Term Loan 257,198 257,198
1,159,662 1,108,580

PPP UK LIMITED (REGISTERED NUMBER: 05224509)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024


8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 29 February 2024 and 28 February 2023:

29.2.24 28.2.23
£    £   
Dr H Fard
Balance outstanding at start of year - -
Amounts advanced 97,475 -
Amounts repaid (97,761 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (286 ) -