PPG (Portugal) Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—4

Registered number: 08207992

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		4,684		5,578
Investment Properties	5		461,351		438,270

			466,035		443,848
CURRENT ASSETS
Debtors	6	99		4,766
Cash at bank and in hand		2,060		2,487

		2,159		7,253
Creditors: Amounts Falling Due Within One Year	7	(1,389,980 )		(1,366,829 )

NET CURRENT ASSETS (LIABILITIES)			(1,387,821 )		(1,359,576 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(921,786 )		(915,728 )

NET LIABILITIES			(921,786 )		(915,728 )

CAPITAL AND RESERVES
Called up share capital	8		2		2
Profit and Loss Account			(921,788 )		(915,730 )

SHAREHOLDERS' FUNDS			(921,786)		(915,728)

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PPG (Portugal) Ltd

Balance Sheet (continued)

As At 31 December 2025

For the year ending 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr A M Proctor

Director

27 April 2026

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

PPG (Portugal) Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08207992 . The registered office is Littlecotes Farm, Dark Lane, Ashover Hay, Derbyshire, S45 0HD.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Going Concern Disclosure

The directors are confident that there are sufficient funds and the support of creditors to allow the company to continue trading for at least twelve months from the date of approval of the financial statements. On that basis, the directors believe that it is appropriate to prepare the financial statements on a going concern basis.

2.3. 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 sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	25% straight line
Fixtures & Fittings	25% straight line

2.5. Investment Properties

All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.

2.6. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

3. Average Number of Employees

Average number of employees, including directors, during the year was: NIL (2024: NIL)

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PPG (Portugal) Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

4. Tangible Assets

	Plant & Machinery	Fixtures & Fittings	Total
	£	£	£
Cost or Valuation
As at 1 January 2025	47,166	148,479	195,645
Additions	945	-	945

As at 31 December 2025	48,111	148,479	196,590

Depreciation
As at 1 January 2025	46,908	143,159	190,067
Provided during the period	267	1,572	1,839

As at 31 December 2025	47,175	144,731	191,906

Net Book Value
As at 31 December 2025	936	3,748	4,684

As at 1 January 2025	258	5,320	5,578

5. Investment Property

	2025
	£
Fair Value
As at 1 January 2025	438,270
Revaluations	23,081

As at 31 December 2025	461,351

6. Debtors

	2025	2024
	£	£
Due within one year
Prepayments and accrued income	99	4,766

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	2,360	3,575
Other creditors	-	1,195
Accruals and deferred income	1,154	3,217
Amounts owed to related parties	1,386,466	1,358,842

	1,389,980	1,366,829

8. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	2	2

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