ACCOUNTS - Final Accounts preparation

Registered number: 14159731

PPR LEATHERHEAD 1 LIMITED

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2025

PPR LEATHERHEAD 1 LIMITED

REGISTERED NUMBER: 14159731

BALANCE SHEET

AS AT 31 MARCH 2025

	2025	2025	2024	2024
Note	£	£	£	£


Current assets
Stocks	4	-		4,051,197
Debtors: amounts falling due within one year	5	7,054		4,907
Cash at bank and in hand	6	11,228		117,338
		18,282		4,173,442
Creditors: amounts falling due within one year	7	(19,126)		(4,577,255)
Net current liabilities			(844)		(403,813)
Total assets less current liabilities			(844)		(403,813)

Net liabilities			(844)		(403,813)

Capital and reserves
Called up share capital	10	10
Profit and loss account	(854)	(403,823)
Total Equity	(844)	(403,813)

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PPR LEATHERHEAD 1 LIMITED

REGISTERED NUMBER: 14159731

BALANCE SHEET (CONTINUED)

AS AT 31 MARCH 2025

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

................................................

N Hopkinson

Director

Date: 12 December 2025

The notes on pages 3 to 5 form part of these financial statements.

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PPR LEATHERHEAD 1 LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

1.	General information

PPR Leatherhead 1 Limited is a private company limited by shares. The company is incorporated in England and Wales and its registered address is 5 Welbeck Street, London, W1G 9YQ.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are presented in Sterling (£), which is the functional currency of the entity.

The following principal accounting policies have been applied:

2.2

Going concern

After making enquiries, the directors have a reasonable expectation that the Company has adequate
resources to continue in operational existence and meet its liabilities as they fall due for the foreseeable future, being a period of at least twelve months from the date these financial statements were approved. Accordingly, they continues to adopt the going concern basis in preparing the financial statement.

2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:

∙the Company has transferred the significant risks and rewards of ownership to the buyer;

∙the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the transaction; and

∙the costs incurred or to be incurred in respect of the transaction can be measured reliably.

2.4

Other operating income

Other operating income principally relates to rental income, such income is recognised on an accrual basis.

2.5

Interest income

Interest income is recognised in profit or loss using the effective interest method.

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PPR LEATHERHEAD 1 LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

2.6

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

2.7

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

2.8

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

2.9

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.10

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.11

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Employees

	The Company has no employees other than the directors, who did not receive any remuneration (2024 - £NIL).
	The average monthly number of employees, including directors, during the year was 0 (2024 - 0).

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PPR LEATHERHEAD 1 LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

4.	Stocks
		2025	2024
		£	£

	Property stock	-	4,051,197

Debtors

					2025	2024
					£	£


Other debtors	7,044	-
Called up share capital not paid	10	10
Prepayments and accrued income	-	4,897
	7,054	4,907

6.	Cash and cash equivalents
		2025	2024
		£	£

	Cash at bank and in hand	11,228	117,338

7.	Creditors: Amounts falling due within one year
		2025	2024
		£	£

Bank loans	-	3,231,384
Trade creditors	-	60
Other taxation and social security	-	22,786
Other creditors	13,836	1,217,817
Accruals and deferred income	5,290	105,208
	19,126	4,577,255

Secured loan
The bank loan is secured by a fixed charge over the property and a floating charge over the property and undertakings of the company.

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