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REGISTERED NUMBER: 04565511 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

TAUNTON PPP LIMITED

TAUNTON PPP LIMITED (REGISTERED NUMBER: 04565511)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TAUNTON PPP LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTORS: Mrs A Harding
M E Harding
C E Harding





REGISTERED OFFICE: 10 Milner Road
Bournemouth
Dorset
BH4 8AD





REGISTERED NUMBER: 04565511 (England and Wales)





ACCOUNTANTS: Arithma LLP
Chartered Certified Accountants
5 Jardine House
Harrovian Business Village
Bessborough Road
Harrow
Middlesex
HA1 3EX

TAUNTON PPP LIMITED (REGISTERED NUMBER: 04565511)

BALANCE SHEET
30 SEPTEMBER 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 19,507 21,634
Investment property 5 890,000 890,000
909,507 911,634

CURRENT ASSETS
Debtors 6 - 65,006
Cash at bank 74,099 25,475
74,099 90,481
CREDITORS
Amounts falling due within one year 7 (12,529 ) (65,992 )
NET CURRENT ASSETS 61,570 24,489
TOTAL ASSETS LESS CURRENT
LIABILITIES

971,077

936,123

CREDITORS
Amounts falling due after more than one
year

8

(685,000

)

(685,000

)

PROVISIONS FOR LIABILITIES (15,114 ) (15,230 )
NET ASSETS 270,963 235,893

CAPITAL AND RESERVES
Called up share capital 9 1,000 1,000
Investment revaluation reserve 10 151,421 151,421
Retained earnings 10 118,542 83,472
SHAREHOLDERS' FUNDS 270,963 235,893

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

TAUNTON PPP LIMITED (REGISTERED NUMBER: 04565511)

BALANCE SHEET - continued
30 SEPTEMBER 2024


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 10 June 2025 and were signed on its behalf by:





C E Harding - Director


TAUNTON PPP LIMITED (REGISTERED NUMBER: 04565511)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024


1. STATUTORY INFORMATION

Taunton PPP 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.

TURNOVER
Turnover represents rental and ancillary charges receivable for the period from the company's investment property.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery etc - Over the life of the contract

INVESTMENT PROPERTY
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.

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 balance sheet date.

DEFERRED TAX
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

TAUNTON PPP LIMITED (REGISTERED NUMBER: 04565511)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 October 2023
and 30 September 2024 63,820
DEPRECIATION
At 1 October 2023 42,186
Charge for year 2,127
At 30 September 2024 44,313
NET BOOK VALUE
At 30 September 2024 19,507
At 30 September 2023 21,634

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 October 2023
and 30 September 2024 890,000
NET BOOK VALUE
At 30 September 2024 890,000
At 30 September 2023 890,000

The investment property was valued by Gerald Eve LLP Chartered Surveyors on an existing use basis at £860,000 as at 12 March 2014 . In the opinion of the directors the continued valuation at £890,000 remains consistent with current market conditions.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 65,006

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 8,617 6,404
Other creditors 3,912 59,588
12,529 65,992

TAUNTON PPP LIMITED (REGISTERED NUMBER: 04565511)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other creditors 685,000 685,000

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1,000 Ordinary 1 1,000 1,000

10. RESERVES
Investment
Retained revaluation
earnings reserve Totals
£    £    £   

At 1 October 2023 83,472 151,421 234,893
Profit for the year 35,070 35,070
At 30 September 2024 118,542 151,421 269,963

11. RELATED PARTY DISCLOSURES

At the balance sheet date, the company owed £685,000 (2023 - £685,000) to its sole shareholder, Chelaberd Limited Retirement and Death Benefit Scheme. Interest paid on the loan amounted to £49,500 (2023 - £49,500).

12. ULTIMATE CONTROLLING PARTY

During the year, the company was under the control of Chelaberd Limited Retirement and Death Benefit Scheme.