Caseware UK (AP4) 2023.0.135 2023.0.135 2024-10-312024-10-31falsetrue2023-11-01falsetrueNo description of principal activity11The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 04976802 2023-11-01 2024-10-31 04976802 2022-11-01 2023-10-31 04976802 2024-10-31 04976802 2023-10-31 04976802 c:Director1 2023-11-01 2024-10-31 04976802 d:CurrentFinancialInstruments 2024-10-31 04976802 d:CurrentFinancialInstruments 2023-10-31 04976802 d:CurrentFinancialInstruments d:WithinOneYear 2024-10-31 04976802 d:CurrentFinancialInstruments d:WithinOneYear 2023-10-31 04976802 d:ShareCapital 2024-10-31 04976802 d:ShareCapital 2023-10-31 04976802 d:RetainedEarningsAccumulatedLosses 2024-10-31 04976802 d:RetainedEarningsAccumulatedLosses 2023-10-31 04976802 c:EntityHasNeverTraded 2023-11-01 2024-10-31 04976802 c:FRS102 2023-11-01 2024-10-31 04976802 c:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 04976802 c:FullAccounts 2023-11-01 2024-10-31 04976802 c:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 04976802 2 2023-11-01 2024-10-31 04976802 6 2023-11-01 2024-10-31 04976802 e:PoundSterling 2023-11-01 2024-10-31 iso4217:GBP xbrli:pure

Registered number: 04976802










PPS INVESTMENTS LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 OCTOBER 2024

 
PPS INVESTMENTS LIMITED
REGISTERED NUMBER: 04976802

BALANCE SHEET
AS AT 31 OCTOBER 2024

2024
2024
2023
2023
Note
£
£
£
£

Fixed assets
  

Investments
 4 
1,000
1,000

Current assets
  

Debtors
 5 
863,288
888,776

Creditors: amounts falling due within one year
 6 
(14,594)
(12,862)

Net current assets
  
 
 
848,694
 
 
875,914

  

Net assets
  
849,694
876,914


Capital and reserves
  

Called up share capital 
  
1,000
1,000

Profit and loss account
  
848,694
875,914

  
849,694
876,914

Page 1

 
PPS INVESTMENTS LIMITED
REGISTERED NUMBER: 04976802
    
BALANCE SHEET (CONTINUED)
AS AT 31 OCTOBER 2024

The Director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The Director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




................................................
John Charles Edward Phillips
Director

Date: 24 April 2025

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
PPS INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

1.


General information

PPS Investments Limited is a private limited company, incorporated in England and Wales.
The registered office and principal place of business is Kingsbrook House, 7 Kingsway, Bedford, MK42 9BA.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

 
2.2

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP presented to the nearest £1.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

  
2.3

Turnover

The turnover shown in the Statement of Income and Retained Earning represents management charges to the Company's subsidiary, Phillips Planning Services Limited, due during the period.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Page 3

 
PPS INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

2.Accounting policies (continued)

 
2.5

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


 
2.6

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.9

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Page 4

 
PPS INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

3.


Employees




The average monthly number of employees, including directors, during the year was 1 (2023 - 1).


4.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 November 2023
1,000



At 31 October 2024

1,000






Net book value



At 31 October 2024
1,000



At 31 October 2023
1,000


5.


Debtors

2024
2023
£
£



Amounts owed by group undertakings
858,690
868,795

Other debtors
4,598
19,981

863,288
888,776



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Corporation tax
13,594
12,362

Accruals and deferred income
1,000
500

14,594
12,862


Page 5

 
PPS INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

7.


Related party transactions

The amount owed by Phillips Planning Services Limited at the year end was £858,690 (2023: £868,795).  Interest charged on the loan during the year was £30,408 (2023: £28,733).  Interest is charged at 3.5%.
Management fees of £30,000 (2023: £30,000) were charged to Phillips Planning Services Limited.
As at 31 October 2024 the amount owed by John Charles Edward Phillips (Director) was £4,598 (2023: £19,981). The interest charged on this balance was at 3% above base rate in the year. 

 
Page 6