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REGISTERED NUMBER: 06057236 (England and Wales)















PPG PROPERTIES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2025






PPG PROPERTIES LIMITED (REGISTERED NUMBER: 06057236)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3 to 5


PPG PROPERTIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2025







DIRECTORS: I Phillips
I M Peto
M A Gresswell





SECRETARY: I Phillips





REGISTERED OFFICE: 14 London Road
Newark
Nottinghamshire
NG24 1TW





REGISTERED NUMBER: 06057236 (England and Wales)





ACCOUNTANTS: Duncan & Toplis Limited
14 London Road
Newark
Nottinghamshire
NG24 1TW

PPG PROPERTIES LIMITED (REGISTERED NUMBER: 06057236)

STATEMENT OF FINANCIAL POSITION
31 JANUARY 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 801 820
Investment property 5 622,500 610,000
623,301 610,820

CURRENT ASSETS
Debtors 6 165 161
Cash at bank 5,093 6,507
5,258 6,668
CREDITORS
Amounts falling due within one year 7 259,688 273,200
NET CURRENT LIABILITIES (254,430 ) (266,532 )
TOTAL ASSETS LESS CURRENT LIABILITIES 368,871 344,288

PROVISIONS FOR LIABILITIES 22,102 14,456
NET ASSETS 346,769 329,832

CAPITAL AND RESERVES
Called up share capital 8 300 300
Fair value reserve 9 200,302 195,452
Retained earnings 146,167 134,080
SHAREHOLDERS' FUNDS 346,769 329,832

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 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.

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 Board of Directors and authorised for issue on 26 March 2025 and were signed on its behalf by:





I Phillips - Director


PPG PROPERTIES LIMITED (REGISTERED NUMBER: 06057236)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025

1. STATUTORY INFORMATION

PPG 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.

Revenue
Revenue represents rents receivable.

Property, plant and equipment
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 15% on reducing balance

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

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 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.

Investment properties
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.

Investment properties are measured at fair value at each reporting date with changes in fair value recognised in the income statement and the revaluation reserve. No depreciation is provided in respect of investment properties. The directors consider this to show a true and fair view.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 3 ) .

PPG PROPERTIES LIMITED (REGISTERED NUMBER: 06057236)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2025

4. PROPERTY, PLANT AND EQUIPMENT
Plant and
machinery
etc
£   
COST
At 1 February 2024
and 31 January 2025 5,064
DEPRECIATION
At 1 February 2024 4,244
Charge for year 19
At 31 January 2025 4,263
NET BOOK VALUE
At 31 January 2025 801
At 31 January 2024 820


5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2024 610,000
Revaluations 12,500
At 31 January 2025 622,500
NET BOOK VALUE
At 31 January 2025 622,500
At 31 January 2024 610,000

Fair value at 31 January 2025 is represented by:
£   
Valuation in 2016 133,395
Valuation in 2017 25,000
Valuation in 2018 20,000
Valuation in 2019 17,000
Valuation in 2021 23,000
Valuation in 2022 (18,643 )
Valuation in 2023 35,000
Valuation in 2024 (25,000 )
Valuation in 2025 12,500
Cost 400,248
622,500

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

2025 2024
£    £   
Cost 400,248 400,248

PPG PROPERTIES LIMITED (REGISTERED NUMBER: 06057236)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2025

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Prepayments 165 161

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade creditors 1,353 -
Taxation 2,853 4,108
Directors' loan accounts 252,000 266,400
Accruals and deferred income 3,482 2,692
259,688 273,200

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2025 2024
value: £    £   
100 Ordinary A Shares 1 100 100
100 Ordinary B Shares 1 100 100
100 Ordinary C Shares 1 100 100
300 300

9. RESERVES
Fair
value
reserve
£   
At 1 February 2024 195,452
Revaluation of property 12,500
Deferred tax movement (7,650 )

At 31 January 2025 200,302

The aggregate surplus on re-measurement of investment properties, net of associated deferred tax, is transferred to a separate non-distributable revaluation reserve in order to assist with the identification of profits available for distribution.