PPQ Properties Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 06331773

PPQ Properties Limited

Filleted Unaudited Financial Statements

31 August 2025

PPQ Properties Limited

Statement of Financial Position

31 August 2025

	2025		2024
Note	£	£	£

Fixed assets

Tangible assets	4	10,905	16,382
Investments	5	3,051,754	3,020,037
		------------	------------
		3,062,659	3,036,419

Current assets

Cash at bank and in hand	452,451		360,900

Creditors: amounts falling due within one year	6	22,269		42,899
		---------		---------
Net current assets			430,182	318,001
			------------	------------
Total assets less current liabilities			3,492,841	3,354,420

Provisions

Taxation including deferred tax	69,575	41,462
	------------	------------
Net assets	3,423,266	3,312,958
	------------	------------

Capital and reserves

Called up share capital	2	2
Profit and loss account	3,423,264	3,312,956
	------------	------------
Shareholder funds	3,423,266	3,312,958
	------------	------------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

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

Directors' responsibilities:

- The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

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

PPQ Properties Limited

Statement of Financial Position (continued)

31 August 2025

These financial statements were approved by the board of directors and authorised for issue on 29 April 2026 , and are signed on behalf of the board by:

B Gerrard

Director

Company registration number: 06331773

PPQ Properties Limited

Notes to the Financial Statements

Year ended 31 August 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Suite 1, First floor, 1 Duchess Street, London, W1W 6 AN.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover represents income earned on investments held. Dividends are recognised in the period in which they are received. Interest is recognised on an accruals basis.

Income tax

The taxation expense represents the aggregate amount of current tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income. in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Foreign currencies

Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Motor vehicles	-	33% reducing balance
Office Equipment	-	33% straight line

Investments

Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

Investments in associates

Investments in associates accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the associate arising before or after the date of acquisition.

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

4. Tangible assets

	Motor vehicles	Equipment	Total
	£	£	£
Cost
At 1 September 2024 and 31 August 2025	33,600	1,798	35,398
	--------	-------	--------
Depreciation
At 1 September 2024	18,517	499	19,016
Charge for the year	4,977	500	5,477
	--------	-------	--------
At 31 August 2025	23,494	999	24,493
	--------	-------	--------
Carrying amount
At 31 August 2025	10,106	799	10,905
	--------	-------	--------
At 31 August 2024	15,083	1,299	16,382
	--------	-------	--------

5. Investments

	Shares in participating interests	Loans to participating interests	Other investments other than loans	Other loans	Total
	£	£	£	£	£
Cost
At 1 September 2024	106	1,635,842	978,320	405,769	3,020,037
Additions	–	–	299,923	–	299,923
Disposals	–	–	( 350,374)	–	( 350,374)
Revaluations	–	–	130,578	–	130,578
Other movements	–	( 61,232)	–	12,822	( 48,410)
	----	------------	------------	---------	------------
At 31 August 2025	106	1,574,610	1,058,447	418,591	3,051,754
	----	------------	------------	---------	------------
Impairment
At 1 September 2024 and 31 August 2025	–	–	–	–	–
	----	------------	------------	---------	------------

Carrying amount
At 31 August 2025	106	1,574,610	1,058,447	418,591	3,051,754
	----	------------	------------	---------	------------
At 31 August 2024	106	1,635,842	978,320	405,769	3,020,037
	----	------------	------------	---------	------------

6. Creditors: amounts falling due within one year

	2025	2024
	£	£
Corporation tax	12,977	33,167
Other creditors	9,292	9,732
	--------	--------
	22,269	42,899
	--------	--------

7. Financial instruments

The carrying amount for each category of financial instrument is as follows:

	2025	2024
	£	£

Financial assets measured at fair value through profit or loss

Financial assets measured at fair value through profit or loss	1,058,449	978,321
	------------	---------

8. Directors' advances, credits and guarantees

At the year end, the company owed the directors £3,652 (2024: £5,322). The loan was on interest free terms and repayable on demand.