PPN Investments Limited - Filleted accounts

Registered number

03214280

PPN Investments Limited

Filleted Accounts

31 March 2025

PPN Investments Limited
Registered number:		03214280
Balance Sheet
as at 31 March 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	4		395,211			395,377

Current assets
Debtors	5	57,500			20,260
Cash at bank and in hand		29,551			91,758
		87,051			112,018

Creditors: amounts falling due within one year	6	(80,394)			(97,442)

Net current assets			6,657			14,576

Total assets less current liabilities			401,868			409,953

Creditors: amounts falling due after more than one year	7		(983)			(7,308)



Net assets			400,885			402,645

Capital and reserves
Called up share capital			100			100
Profit and loss account			400,785			402,545

Shareholders' funds			400,885			402,645

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




P Nolan
Director
Approved by the board on 29 August 2025

PPN Investments Limited
Notes to the Accounts
for the year ended 31 March 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Intangible fixed assets
	Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
	Plant and machinery	over 5 years
	Fixtures, fittings, tools and equipment	over 5 years

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.


2	Employees			2025		2024
Number					Number

	Average number of persons employed by the company			-		-


3	Intangible fixed assets					£
	Goodwill:

	Cost
	At 1 April 2024					200,000
	At 31 March 2025					200,000

	Amortisation
	At 1 April 2024					200,000
	At 31 March 2025					200,000

	Net book value
	At 31 March 2025					-



4	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Total
£			£		£
	Cost
	At 1 April 2024	394,978		30,417		425,395
	At 31 March 2025	394,978		30,417		425,395

	Depreciation
	At 1 April 2024	-		30,018		30,018
	Charge for the year	-		166		166
	At 31 March 2025	-		30,184		30,184

	Net book value
	At 31 March 2025	394,978		233		395,211
	At 31 March 2024	394,978		399		395,377


5	Debtors			2025		2024
£					£

	Vat Refund			-		260
	Other debtors			57,500		20,000
				57,500		20,260


6	Creditors: amounts falling due within one year			2025		2024
£					£

	Bank overdrafts and loans			26,600		26,600
	Directors account			52,032		68,032
	Trade creditors			-		1,560
	Other taxes and social security costs			662		-
	Other creditors			1,100		1,250
				80,394		97,442


7	Creditors: amounts falling due after one year			2025		2024
£					£

	Bank loans			983		7,308


8	Loans			2025		2024
£					£
	Creditors include:

	Loans			27,583		33,908


9	Related party transactions

	A company which the director P A Nolan is also a director, made an interest free loan, for an unspecified period to the company of £50,000 in 2007. As at 31 March 2025 £20,000 was Outstanding.

	The company lets the The First & Last PH to a connected company Wexford Inns Limited for an amount of £5,244 (2024 : £34,1641), a company of which P A Nolan is the sole director.


10	Controlling party

	The company is controlled by the director P A Nolan.


11	Other information

	PPN Investments Limited is a private company limited by shares and incorporated in England. Its registered office is:
	95a Mitcham Lane
	Mitcham
	London
	SW16 6LY