| Registered number |
| Registered number: | |||||||
| Statement of Financial Position | |||||||
| as at |
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| Notes | 2024 | 2023 | |||||
| £ | £ | ||||||
| Fixed assets | |||||||
| Investment property | 2 | - | |||||
| Current assets | |||||||
| Debtors | 3 | ||||||
| Cash at bank and in hand | |||||||
| Creditors: amounts falling due within one year | 4 | ( |
( |
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| Net current assets/(liabilities) | ( |
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| Total assets less current liabilities | |||||||
| Creditors: amounts falling due after more than one year | 5 | - | ( |
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| Net assets | |||||||
| Capital and reserves | |||||||
| Called up share capital | |||||||
| Share premium | |||||||
| Capital reduction reserve | |||||||
| Fair value adjustment reserve | - | (236,470) | |||||
| Profit and loss account | ( |
( |
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| Shareholders' funds | |||||||
| Martin McAnaney | |||||||
| Director | |||||||
| Approved by the board on |
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| Notes to the Accounts | ||||||||
| for the period from 1 January 2024 to |
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| 1 | Accounting policies | |||||||
| Basis of preparation | ||||||||
applied to small entities by section 1A of the standard). The sole investment property in the company has been sold during the period and the company has ceased trading. The financial statements have been prepared on a basis other than that of the going concern basis. This basis includes, where applicable, writing the company's assets down to the net realisable value. |
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| Turnover | ||||||||
| Investment property | ||||||||
recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in the Income Statement. Deferred taxation is provided on these adjustments at the rate expected to apply when the property is sold. Reserves generated by fair value adjustments after deferred tax are not distributable until the sale of the property in question. During the ownership period of the property, all repairs and maintenance are expensed to the Income Statement, any capital improvements to the property are treated as additions to the property on the Statement of Financial Position and form part of the property value when measured at fair value at the reporting end date. |
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| Taxation | ||||||||
| 2 | Investment property | |||||||
| Land and buildings | ||||||||
| £ | ||||||||
| Fair value | ||||||||
| At 1 January 2024 | 5,300,000 | |||||||
| Additions | 130,589 | |||||||
| Fair value adjustments | 236,470 | |||||||
| Disposals | (5,667,059) | |||||||
| At 30 June 2024 | - | |||||||
| 3 | Debtors | 2024 | 2023 | |||||
| £ | £ | |||||||
| Other debtors | ||||||||
| 4 | Creditors: amounts falling due within one year | 2024 | 2023 | |||||
| £ | £ | |||||||
| Trade creditors | ||||||||
| Taxation and social security costs | - | |||||||
| Other creditors | ||||||||
| 5 | Creditors: amounts falling due after one year | 2024 | 2023 | |||||
| £ | £ | |||||||
| Mortgages | - | |||||||
| The mortgage was satisfied in full during the year. | ||||||||
| 6 | Average number of persons employed | |||||||
| During the year the average number of employees was |
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| 7 | Other information | |||||||
| PPNL SPV B27 - 1 Limited is a private company limited by shares and incorporated in England. Its registered office is: | ||||||||
| 27 Old Gloucester Street | ||||||||
| London | ||||||||
| WC1N 3AX | ||||||||
| The presentational currency is £ sterling. | ||||||||