| PPMG INVESTMENTS LIMITED |
| Registered number: |
11590334 |
| Balance Sheet |
| as at 30 September 2024 |
|
| Notes |
|
|
2024 |
|
|
2023 |
| £ |
£ |
| Fixed assets |
| Investments |
3 |
|
|
3,840,859 |
|
|
3,835,207 |
|
| Current assets |
| Debtors |
4 |
|
85,393 |
|
|
13,611 |
| Cash at bank and in hand |
|
|
294,787 |
|
|
89,002 |
|
|
|
380,180 |
|
|
102,613 |
|
| Creditors: amounts falling due within one year |
5 |
|
(3,588,905) |
|
|
(2,687,334) |
|
| Net current liabilities |
|
|
|
(3,208,725) |
|
|
(2,584,721) |
|
| Total assets less current liabilities |
|
|
|
632,134 |
|
|
1,250,486 |
|
| Creditors: amounts falling due after more than one year |
6 |
|
|
- |
|
|
(855,000) |
|
|
|
| Net assets |
|
|
|
632,134 |
|
|
395,486 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
100 |
|
|
100 |
| Profit and loss account |
|
|
|
632,034 |
|
|
395,386 |
|
| Shareholders' funds |
|
|
|
632,134 |
|
|
395,486 |
|
|
|
|
|
|
|
|
| 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. |
|
|
|
|
| Mr Martin Flannery |
| Director |
| Approved by the board on 11 September 2025 |
|
| PPMG INVESTMENTS LIMITED |
| Notes to the Accounts |
| for the year ended 30 September 2024 |
|
|
| 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 rent of the land and property. Turnover from the rent of the land and property is recognised by reference to the period relates to the company financial year. |
|
|
Investment property |
|
Investment property is included at fair value. Gains are recognised in the Income statement. Deferred Taxation is provided on these gains at the rate expected to apply when the property is sold. |
|
|
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 |
2024 |
|
2023 |
| Number |
Number |
|
|
Average number of persons employed by the company |
4 |
|
4 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Investment property |
|
| Other |
| investments |
| £ |
|
Cost |
|
At 1 October 2023 |
3,835,207 |
|
Additions |
5,652 |
|
|
At 30 September 2024 |
3,840,859 |
|
|
|
|
|
|
|
|
|
|
Historical cost |
|
At 1 October 2023 |
3,835,207 |
|
At 30 September 2024 |
3,840,859 |
|
|
|
|
|
|
|
|
|
|
Investment property is valued on the basis of its fair value as at 30 September 2024 by the company's internally qualified personnel based on the sales values of similar land and properties in the area. |
|
|
| 4 |
Debtors |
2024 |
|
2023 |
| £ |
£ |
|
|
Trade debtors |
74,707 |
|
1,800 |
|
Other debtors |
10,686 |
|
11,811 |
|
|
|
|
|
|
85,393 |
|
13,611 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Creditors: amounts falling due within one year |
2024 |
|
2023 |
| £ |
£ |
|
|
Bank loans and overdrafts |
- |
|
90,000 |
|
Trade creditors |
69,386 |
|
30,000 |
|
Taxation and social security costs |
106,913 |
|
25,987 |
|
Amounts owed to related company |
Note 7 |
|
3,387,534 |
|
2,471,374 |
|
Other creditors |
25,072 |
|
69,973 |
|
|
|
|
|
|
3,588,905 |
|
2,687,334 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Creditors: amounts falling due after one year |
2024 |
|
2023 |
| £ |
£ |
|
|
Bank loans |
- |
|
855,000 |
|
|
|
|
|
|
|
|
|
|
| 7 |
Related party transactions |
|
|
Mr Martin Flannery, Mr Patrick Flanner and Mr Paul Flannery are the directors of Flannery Capital Limited. As at the balance sheet date, the amount owed to Flannery Capital Limited was £3,387,534. There are no fixed terms for repayment. |
|
|
| 8 |
Other information |
|
|
PPMG INVESTMENTS LIMITED is a private company limited by shares and incorporated in England. Its registered office is: |
|
27A Maxwell Road |
|
Northwood |
|
Middlesex |
|
HA6 2XY |