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REGISTERED NUMBER: 10058404 (England and Wales)









Financial Statements

for the Year Ended 31 August 2024

for

PPP Properties Ltd

PPP Properties Ltd (Registered number: 10058404)






Contents of the Financial Statements
for the Year Ended 31 August 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


PPP Properties Ltd

Company Information
for the Year Ended 31 August 2024







DIRECTORS: S Pullen
Mrs N Pullen





SECRETARY: S Pullen





REGISTERED OFFICE: Unit 1 Pressmore Farm Barns
Ashley Green Road
Chesham
Buckinghamshire
HP5 3PF





REGISTERED NUMBER: 10058404 (England and Wales)





ACCOUNTANTS: Parker Cavendish
Chartered Accountants
Suite 301
Stanmore Business and Innovation Centre
Howard Road
Stanmore
Middlesex
HA7 1FW

PPP Properties Ltd (Registered number: 10058404)

Statement of Financial Position
31 August 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Property, plant and equipment 4 746 1,036
Investments 5 31,377 71,514
Investment property 6 2,488,788 2,507,065
2,520,911 2,579,615

CURRENT ASSETS
Debtors 7 28,698 12,221
Cash at bank and in hand 8,722 17,867
37,420 30,088
CREDITORS
Amounts falling due within one year 8 2,880,514 2,885,542
NET CURRENT LIABILITIES (2,843,094 ) (2,855,454 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(322,183

)

(275,839

)

CREDITORS
Amounts falling due after more than one
year

9

25,056

75,743
NET LIABILITIES (347,239 ) (351,582 )

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (347,241 ) (351,584 )
(347,239 ) (351,582 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 May 2025 and were signed on its behalf by:



S Pullen - Director


PPP Properties Ltd (Registered number: 10058404)

Notes to the Financial Statements
for the Year Ended 31 August 2024

1. STATUTORY INFORMATION

PPP Properties Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 represents rents receivable excluding value added tax.

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 - 25% Straight line

Investment property
Initial measurement
Investment properties are initially measured at cost.

Subsequent measurement
Investment properties are measured at fair value at each reporting date with changes in fair values recognised in profit or loss. No depreciation is provided in respect of investment properties.

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.

Investments
Investments are initially recognised at cost and at fair value at the end of each period if the value can be measured reliably.

3. EMPLOYEES AND DIRECTORS

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

PPP Properties Ltd (Registered number: 10058404)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

4. PROPERTY, PLANT AND EQUIPMENT
Plant and
machinery
etc
£   
COST
At 1 September 2023
and 31 August 2024 1,162
DEPRECIATION
At 1 September 2023 126
Charge for year 290
At 31 August 2024 416
NET BOOK VALUE
At 31 August 2024 746
At 31 August 2023 1,036

5. FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:
2024 2023
£    £   
Other investments 71,514 79,674
Disposal (41,498 ) (20,832 )
Revaluation 1,361 12,672
31,377 71,514

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 September 2023 2,507,065
Additions 42,399
Disposals (25,000 )
Revaluations (35,676 )
At 31 August 2024 2,488,788
NET BOOK VALUE
At 31 August 2024 2,488,788
At 31 August 2023 2,507,065

Fair value at 31 August 2024 is represented by:
£   
Valuation in 2024 2,488,788

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

2024 2023
£    £   
Cost 2,764,571 2,747,172

The investment properties were valued on an open market basis on 31 August 2024 by the directors .

PPP Properties Ltd (Registered number: 10058404)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 4,343 1,200
Other debtors 21,514 6,778
Value added tax 2,407 3,701
Prepayments & accrued income 434 542
28,698 12,221

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Other loans 40,678 74,011
Trade creditors 849 2,582
Other creditors 118,855 2,735,433
Service charges 37,646 32,976
Directors' current accounts 2,646,175 16,752
Accruals & deferred income 26,311 13,788
2,880,514 2,885,542

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loan 8,107 18,116
Other loan 16,949 57,627
25,056 75,743

The other loan is secured on an investment property.