Registration number:
PP Family Limited
for the Period from 1 June 2023 to 31 July 2024
PP Family Limited
(Registration number: 14318168)
Balance Sheet as at 31 July 2024
Note |
2024 |
2023 |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
( |
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Net liabilities |
( |
( |
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Capital and reserves |
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Called up share capital |
1 |
1 |
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Retained earnings |
(343) |
(801) |
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Shareholders' deficit |
(342) |
(800) |
For the financial period ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
• |
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• |
The director acknowledges his 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.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.
Approved and authorised by the
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PP Family Limited
Notes to the Unaudited Financial Statements for the Period from 1 June 2023 to 31 July 2024
General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
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.
Going concern
The financial statements have been prepared on a going concern basis.
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for rental of land. Turnover is shown net of sales, returns, rebates and discounts.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
PP Family Limited
Notes to the Unaudited Financial Statements for the Period from 1 June 2023 to 31 July 2024
Staff numbers |
The average number of persons employed by the company (including the director) during the period, was
Debtors |
Current |
2024 |
2023 |
Trade debtors |
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Prepayments |
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- |
Other debtors |
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PP Family Limited
Notes to the Unaudited Financial Statements for the Period from 1 June 2023 to 31 July 2024
Creditors |
Creditors: amounts falling due within one year
2024 |
2023 |
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Due within one year |
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Trade creditors |
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Taxation and social security |
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- |
Other creditors |
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Related party transactions |
Summary of transactions with other related parties
During the year the company invoiced Harino Limited, a company which P Prucha is also a director of. The value of the invoices for rent, electricity costs and marketing made during the year were £62,852 ( 2023 : £8,650). At the balance sheet date the amount owed from Harino Limited was £2,061 (2023: £nil).
During the year Harino Care Limited, a company which P Prucha is also a director of, made a loan to the company. At the balance sheet date the amount owed to Harino Care Limited was £11,500 (2023: £2,600).
Going concern |
The company has sufficient financial support from the director and as a consequence, he believes that the company is well placed to manage its business risks successfully despite the current uncertain economic outlook.
The director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus, he continues to adopt the going concern basis of accounting in preparing the financial statements.