REGISTERED NUMBER: 08892885 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

PPC PROPERTIES LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

P J Cloherty

REGISTERED OFFICE:

30-34 North Street

Hailsham

East Sussex

BN27 1DW

REGISTERED NUMBER:

08892885 (England and Wales)

ACCOUNTANTS:

Watson Associates (Professional Services) Limited

30 - 34 North Street

Hailsham

East Sussex

BN27 1DW

FIXED ASSETS

Investment property

4

120,000

120,000

CURRENT ASSETS

Debtors

5

229,716

282,098

Investments

6

100

100

Cash at bank and in hand

1,032

516

230,848

282,714

CREDITORS

Amounts falling due within one year

7

(36,766

)

(86,878

)

NET CURRENT ASSETS

194,082

195,836

TOTAL ASSETS LESS CURRENT LIABILITIES

314,082

315,836

CREDITORS

Amounts falling due after more than one year

8

(108,098

)

(108,098

)

PROVISIONS FOR LIABILITIES

(25,866

)

(20,900

)

NET ASSETS

180,118

186,838

CAPITAL AND RESERVES

Called up share capital

9

100

100

Other reserves

82,500

89,000

Retained earnings

97,518

97,738

SHAREHOLDERS' FUNDS

180,118

186,838

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 September 2025 and were signed by:

P J Cloherty - Director

1.	STATUTORY INFORMATION

PPC Properties Ltd 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.

Critical accounting judgements and key sources of estimation uncertainty

No significant judgements have had to be made by management in preparing these financial statements.

There were no key assumptions made concerning the future, and other key sources of estimation uncertainty at the reporting date, that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.

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.

Financial instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties, and loans to related parties.

Debt instruments that are payable or receivable within one year, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received; other debt instruments are initially measured at present value of the future payments and subsequently at amortised cost using the effective interest method.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.

Financial assets and liabilities are offset and the net amount reported in the balance sheet only when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

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 NIL (2023 - NIL).

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2024

and 31 December 2024

120,000

NET BOOK VALUE

At 31 December 2024

120,000

At 31 December 2023

120,000

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Amounts owed by group undertakings

213,983

213,783

Other debtors

15,733

68,315

229,716

282,098

6.	CURRENT ASSET INVESTMENTS

2024

2023

£

£

Shares in group undertakings

100

100

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

1,140

1,800

Taxation and social security

30,390

28,744

Other creditors

5,236

56,334

36,766

86,878

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

108,098

108,098

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

108,098

108,098

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

51

A Ordinary

£1.00

51

51

49

B Ordinary

£1.00

49

49

100

100

10.	RELATED PARTY DISCLOSURES

PJC Property Consultants Limited, a company controlled by the Director P Cloherty owed £4,850 (2023: £4,850) to the company at the year end. No interest is payable on this loan and there are no formal repayment terms.

Velvet Homes Limited, a company controlled by the Director P Cloherty is owed £65,129 (2023:£61,789) to the company at the year end. No interest is payable on this loan and there are no formal repayment terms.

PPC Portland Limited, a company controlled by PPC Properties Ltd owed £214,983 (2023:£213,783) to the company at the year end. No interest is payable on this loan and there are no formal repayment terms.

Phoenix Homes SE Limited, a company controlled by the Director P Cloherty owed £64,827 (2023:£125,254) to the company at the year end. No interest is payable on this loan and there are no formal repayment terms.