PPAL Holdings Ltd - Filleted accounts

Registered number

15681525

PPAL Holdings Ltd

Filleted Accounts

30 April 2025

PPAL Holdings Ltd
Registered number:		15681525
Balance Sheet
as at 30 April 2025

Notes			2025
£
Fixed assets
Investments	4		758,024

Current assets
Debtors	5	100

Creditors: amounts falling due within one year	6	(349,750)

Net current liabilities			(349,650)

Total assets less current liabilities			408,374

Creditors: amounts falling due after more than one year	7		(372,000)



Net assets			36,374

Capital and reserves
Called up share capital			100
Profit and loss account			36,274

Shareholders' funds			36,374

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.




Peter Field
Director
Approved by the board on 14 October 2025

PPAL Holdings Ltd
Notes to the Accounts
for the year ended 30 April 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). These financial statements are the Company’s individual financial statements. Although the Company has a subsidiary undertaking, it has taken the small-group exemption in section 399 of the Companies Act 2006 and has not prepared consolidated financial statements. The financial statements have been prepared on a going concern basis. In forming this judgement, the directors considered the Company’s cash flow forecasts and the availability of funding from group undertakings.

	Investments
	Investments in subsidiaries are measured at cost less impairment

	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
	Dividend income is recognised when the right to receive payment is established. Dividends received from UK subsidiaries are generally exempt from corporation tax, therefore no current or deferred tax arises on such distributions.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.

	Financial instruments / Deferred consideration
	Deferred consideration is initially recognised at fair value and subsequently at amortised cost. The balance is non-interest-bearing. The directors have assessed the impact of discounting—given the monthly instalment profile and expected settlement timetable and consider it immaterial; accordingly, it is stated at undiscounted amounts. This judgement is reviewed annually.


2	Going concern
	At the year end the Company had net current liabilities of £349,650, comprising current liabilities of £349,750 and current assets of £100. The deficit is driven primarily by the current portion of deferred consideration of £96,000 and amounts due to the subsidiary of £253,750. The directors have prepared cash flow forecasts covering at least twelve months from the date of approval of these financial statements and expect to meet obligations via dividends from the subsidiary and/or refinancing/deferral of deferred consideration. Accordingly, the financial statements are prepared on a going concern basis, and the directors do not consider there to be a material uncertainty that casts significant doubt on the Company’s ability to continue as a going concern.


3	Employees	2025
Number

	Average number of persons employed by the company	0


4	Investments
Investments in
subsidiary
undertakings
£
	Cost
	Additions			758,024

	At 30 April 2025			758,024

	Historical cost
	At 30 April 2025			758,024

Country of
Incorporation			% Held

	Danamere Investment Services Ltd	England		100


	The company’s investment is in respect of its wholly owned subsidiary, Danamere Investment Services Ltd, whose principal activity is financial advice. Registered office: SHMS House, 20 Little Park Farm Road, Fareham, Hampshire, PO15 5TD.


5	Debtors	2025
£

	Called-up share capital not paid	100


6	Creditors: amounts falling due within one year	2025
£

	Amounts owed to group undertakings	253,750
	Deferred consideration on acquisition	96,000
		349,750

	See Note 7 for the terms of the deferred consideration, which apply to the entire balance (current and non-current).


7	Creditors: amounts falling due after one year	2025
£

	Deferred consideration on acquisition	372,000

	Deferred consideration – terms and security The deferred consideration is non-interest-bearing and is payable by monthly instalments of at least £8,000 on the 28th of each month from 28 January 2025 until paid in full. It is secured by debentures over the assets of PPAL Holdings Ltd and Danamere Investment Services Ltd in favour of the Sellers (the “Security Documents”). Default interest applies only to overdue amounts at 5% per annum above Barclays Bank base rate, compounded monthly. (These terms apply to both the current and non-current portions.) There is no ongoing interest on the outstanding balance.


8	Related party transactions

	During the year the Company received a dividend of £36,274 from its subsidiary. At the year end, amounts due to the subsidiary totalled £253,750 (see Note 6). The balance is unsecured, interest-free and repayable on demand. No guarantees or security were provided.


9	Other information

	PPAL Holdings Ltd is a private company limited by shares and incorporated in England. Its registered office is:
	SHMS House
	20 Little Park Farm Road
	Fareham
	Hampshire
	PO15 5TD