PP Didsbury Limited iXBRL

Company Registration Number: 09860980

PP Didsbury Limited

Unaudited Financial Statements

for the financial year ended 31 March 2025

PP Didsbury Limited

DIRECTORS AND OTHER INFORMATION


Directors	Miriam Jones
	Benjamin Jones
	Bright View International Development Ltd


Company Registration Number	09860980


Registered Office and Business Address	52 Elm Grove
	Manchester
	M20 6PN


Accountants	Langers
	Chartered Certified Accountants
	8-10 Gatley Road
	Cheadle
	Cheshire
	SK8 1PY

PP Didsbury Limited

Company Registration Number: 09860980

STATEMENT OF FINANCIAL POSITION

as at 31 March 2025

		2025	2024
	Notes	£	£

Non-Current Assets

Investment properties

2,099,467

1,951,177

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Current Assets

Debtors

10,603

3,103

Cash and cash equivalents

71,005

47,586

─────────

81,608

50,689

─────────

Creditors: amounts falling due within one year

(624,638)

(623,387)

─────────

Net Current Liabilities

(543,030)

(572,698)

─────────

Total Assets less Current Liabilities

1,556,437

1,378,479

Creditors:

amounts falling due after more than one year

(708,880)

(729,160)

Provisions for liabilities

(119,846)

(89,396)

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Net Assets

727,711

559,923

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Capital and Reserves

Called up share capital

Revaluation reserve

498,209

380,369

Retained earnings

229,498

179,550

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Equity attributable to owners of the company

727,711

559,923

═════════

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A (Small Entities).

The company has taken advantage of the exemption under section 444 not to file the Income Statement and Directors' Report.

For the financial year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.

The directors confirm that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the 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.

Approved by the Board and authorised for issue on 13 October 2025 and signed on its behalf by



________________________________			________________________________
Miriam Jones			Benjamin Jones
Director			Director


________________________________
Bright View International Development Ltd
Director

PP Didsbury Limited

STATEMENT OF CHANGES IN EQUITY

as at 31 March 2025

	Called up	Revaluation	Retained	Total
	share	reserve	earnings
	capital
	£	£	£	£

At 1 April 2023	4	344,836	133,077	477,917
	─────────	─────────	─────────	─────────
Profit for the financial year	-	-	82,006	82,006
Other comprehensive income	-	43,868	-	43,868
	─────────	─────────	─────────	─────────
Total comprehensive income	-	43,868	82,006	125,874
	─────────	─────────	─────────	─────────
Other movements in equity

attributable to owners	-	(8,335)	(35,533)	(43,868)
	─────────	─────────	─────────	─────────
At 31 March 2024	4	380,369	179,550	559,923
	─────────	─────────	─────────	─────────
Profit for the financial year	-	-	167,788	167,788
Other comprehensive income	-	148,290	-	148,290
	─────────	─────────	─────────	─────────
Total comprehensive income	-	148,290	167,788	316,078
	─────────	─────────	─────────	─────────
Other movements in equity

attributable to owners	-	(30,450)	(117,840)	(148,290)
	─────────	─────────	─────────	─────────
At 31 March 2025	4	498,209	229,498	727,711
	═════════	═════════	═════════	═════════

PP Didsbury Limited

NOTES TO THE FINANCIAL STATEMENTS

for the financial year ended 31 March 2025

General Information

PP Didsbury Limited is a company limited by shares incorporated and registered in England. The registered number of the company is 09860980. The registered office of the company is 52 Elm Grove, Manchester, M20 6PN which is also the principal place of business of the company. The nature of the company's operations and its principal activities are set out in the Directors' Report. The financial statements have been presented in Pound (£) which is also the functional currency of the company.

Summary of Significant Accounting Policies

The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.

Statement of compliance

The financial statements of the company for the financial year ended 31 March 2025 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.

Turnover

Turnover comprises the invoice value of goods supplied by the company, exclusive of trade discounts and value added tax.

Investment properties

Investment property is property held either to earn rental income, or for capital appreciation (including future re-development) or for both, but not for sale in the ordinary course of business.

Investment property is initially measured at cost, which includes the purchase cost and any directly attributable expenditure. Investment property is subsequently valued at its fair value at each reporting date, in line with the house price index at the year end for the appropriate region. The difference between the fair value of an investment property at the reporting date and its carrying value prior to the valuation is recognised in the Income Statement as a fair value gain or loss. Any gain or loss on disposal of an investment property (calculated as the difference between the net proceeds from disposal and the carrying amount of the item) is recognised in the Income Statement.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Borrowing costs

Borrowing costs relating to the acquisition of assets are capitalised at the appropriate rate by adding them to the cost of assets being acquired. Investment income earned on the temporary investment of specific borrowings pending their expenditure on the assets is deducted from the borrowing costs eligible for capitalisation. All other borrowing costs are recognised in profit or loss in the period in which they are incurred.

Provisions

Provisions are recognised when the company has a present legal or constructive obligation arising as a result of a past event, it is probable that an outflow of economic benefits will be required to settle the obligation and a reliable estimate can be made. Provisions are measured at the present value of the expenditures expected to be required to settle the obligation using a pre-tax rate that reflects current market assessments of the same value of money and the risks specific to the obligation. The increase in the provision due to passage of time is recognised as interest expense.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Taxation and deferred taxation

Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Statement of Financial Position date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax in the future, or a right to pay less tax in the future. Timing differences are temporary differences between the company's taxable profits and its results as stated in the financial statements.

Deferred tax is measured on an undiscounted basis at the tax rates that are anticipated to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the Statement of Financial Position date.

Foreign currencies

Ordinary share capital

The ordinary share capital of the company is presented as equity.

Employees

The average monthly number of employees, including directors, during the financial year was 2, (2024 - 2).

2025

2024

Number

Number

Directors

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4.	Investment Properties
		Investment
		properties

		£
	Valuation
	At 1 April 2024	1,951,177
	Revaluation	148,290
		─────────
	At 31 March 2025	2,099,467
		─────────
	Net book value
	At 31 March 2025	2,099,467
		═════════
	At 31 March 2024	1,951,177
		═════════


5.	Debtors	2025	2024
		£	£

	Trade debtors	7,122	-
	Prepayments and accrued income	3,481	3,103
		─────────	─────────
		10,603	3,103
		═════════	═════════


6.	Creditors	2025	2024
	Amounts falling due within one year	£	£

	Bank loan	20,280	20,280
	Taxation	12,906	11,653
	Directors' current accounts	590,183	590,239
	Accruals	1,269	1,215
		─────────	─────────
		624,638	623,387
		═════════	═════════

Creditors

2025

2024

Amounts falling due after more than one year

Bank loan

708,880

729,160

═════════

Loans

Repayable in one year or less, or on demand (Note 6)

20,280

20,280

Repayable between one and two years

708,880

20,280

Repayable between two and five years

708,880

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729,160

749,440

═════════

Loans are secured against the investment properties owned by the company. At 31 March 2025 the total of loans due was £729,160 (2024: £749,440). The loan provider has filed floating charges which cover all the property or undertaking of the company.

Provisions for liabilities

The amounts provided for deferred taxation are analysed below:

Capital

Total

Total

allowances

2025

2024

At financial year start

89,396

89,396

81,061

Charged to profit and loss

30,450

30,450

8,335

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At financial year end

119,846

89,396

═════════

Related party transactions

At 31 March 2025 the company owed £590,183 to the directors (2024: £590,239). No interest has been charged to the company in respect of these loans which are repayable on demand and classified in creditors due within one year.

10.

Events After the End of the Reporting Period

There have been no significant events affecting the company since the financial year-end.


11.	Changes in Equity

	Other Comprehensive Income	2025	2024
		£	£

	Revaluation reserve unrealised movement on revaluation of property	148,290	43,868
		═════════	═════════