PPNL SPV B38 - 1 LIMITED

Company Information
for the year from 1 March 2024 to 28 February 2025


Director	JAMUS, Davinder Singh, Dr


Company Secretary	SINGH, Priyanka


Registered Address	19 Stott Close
	London
	SW18 2TG


Registered Number	10024571 (England and Wales)

PPNL SPV B38 - 1 LIMITED

Balance Sheet as at
28 February 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	3		2,100,000		2,100,000
			2,100,000		2,100,000
Current assets
Debtors		167,950		133,055
Cash at bank and on hand		942		1,143
		168,892		134,198
Creditors amounts falling due within one year		(4,430)		(3,461)
Net current assets (liabilities)			164,462		130,737
Total assets less current liabilities			2,264,462		2,230,737
Creditors amounts falling due after one year			(1,978,577)		(1,970,866)
Provisions for liabilities			(40,485)		(40,485)
Net assets			245,400		219,386
Capital and reserves
Called up share capital			1		1
Profit and loss account			245,399		219,385
Shareholders' funds			245,400		219,386

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.
The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved and authorised for issue by the Director on 24 September 2025, and are signed on its behalf by:

JAMUS, Davinder Singh, Dr
Director
Registered Company No. 10024571

PPNL SPV B38 - 1 LIMITED

Notes to the Financial Statements
for the year ended 28 February 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	Deferred tax
	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.

Deferred tax

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.	Average number of employees


		2025		2024
	Average number of employees during the year	2		2

3.	Tangible fixed assets

		Total
		£
	Cost or valuation
	At 01 March 24	2,100,000
	At 28 February 25	2,100,000
	Net book value
	At 28 February 25	2,100,000
	At 29 February 24	2,100,000