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Registered number: 07697752
PUBLIC PRIVATE PARTNERSHIP (H) LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
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PUBLIC PRIVATE PARTNERSHIP (H) LIMITED
DIRECTORS' REPORT
FOR THE YEAR ENDED 31 MARCH 2026
The Directors of Public Private Partnership (H) Limited (the "Company") present their report and the financial statements for the year ended 31 March 2026.
The Company is dormant and no change in the Company's dormant status is anticipated in the foreseeable future.
Results for the year and dividends
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There was no activity in the Company for the year ended 31 March 2026 and consequently no Statement of Comprehensive Income has been disclosed.
The Directors do not recommend the payment of a dividend for the year ended 31 March 2026 (2025: £Nil).
The directors believe that preparing the financial statements on the going concern basis is appropriate due to the continued financial support of the ultimate parent company Land Securities Group PLC. The directors have received confirmation that Land Securities Group PLC intends to support the Company for at least one year after these financial statements are approved and signed.
The Directors who held office during the year and up to the date of this report unless stated otherwise were:
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U and I Director 1 Limited
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U and I Director 2 Limited
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The Company has made qualifying third-party indemnity provisions for the benefit of the respective Directors which were in place throughout the year and which remain in place at the date of this report.
Small companies exemption
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The Directors' Report has been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006.
Registered Office
100 Victoria Street
London
SW1E 5JL
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PUBLIC PRIVATE PARTNERSHIP (H) LIMITED
DIRECTORS' REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
This report was approved by the board of directors and signed on its behalf.
L McCaveny, for and on behalf of U and I Company Secretaries Limited
Company Secretary
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Registered in England and Wales
Registered number: 07697752
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PUBLIC PRIVATE PARTNERSHIP (H) LIMITED
REGISTERED NUMBER: 07697752
BALANCE SHEET
AS AT 31 MARCH 2026
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Investment in subsidiary undertakings
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Amounts owed to Group undertakings
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For the year ended 31 March 2026 the Company was entitled to exemption from audit under section 480 of the Companies Act 2006.
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 the financial statements.
The financial statements were approved and authorised for issue by the board of directors and were signed on its behalf by:
G M Richardson, for and on behalf of U and I Director 2 Limited
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The notes on pages 4 to 7 form part of these financial statements.
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PUBLIC PRIVATE PARTNERSHIP (H) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
Public Private Partnership (H) Limited (the "Company") is a private company limited by shares and is incorporated, domiciled and registered in England and Wales (Registered number: 07697752). The nature of the Company’s operations is set out in the Directors' Report on page 1. The results of the Company are included in the consolidated financial statements of Land Securities Group PLC which are available from the Company's registered office at 100 Victoria Street, London, SW1E 5JL.
2.Accounting policies
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Basis of preparation of financial statements
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The financial statements have been prepared on a going concern basis and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland ('FRS102') and the Companies Act 2006. The financial statements are prepared under the historical cost convention.
The accounting policies which follow set out those policies which apply in preparing the financial statements for the year ended 31 March 2026. The financial statements are prepared in Pounds Sterling (£).
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Financial reporting standard 102 - reduced disclosure exemptions
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The company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by the FRS 102:
∙the requirements of Section 7 Statement of Cash Flows;
∙the requirements of Section 3 Financial Statement Presentation paragraph 3.17(d); and
∙the requirements of Section 33 Related Party Disclosures paragraph 33.7.
This information and the results of the Company are included in the consolidated financial statements of Land Securities Group PLC, in which the entity is consolidated.
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Statement of Comprehensive Income and other primary statements
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There was no activity in the Company for the year ended 31 March 2026 and consequently no Statement of Comprehensive Income has been disclosed.
The directors believe that preparing the financial statements on the going concern basis is appropriate due to the continued financial support of the ultimate parent company Land Securities Group PLC. The directors have received confirmation that Land Securities Group PLC intends to support the Company for at least one year after these financial statements are approved and signed.
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Investments in subsidiary undertakings
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Investments in subsidiary undertakings are stated at cost in the Company's Balance Sheet, less any provision for impairment in value.
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PUBLIC PRIVATE PARTNERSHIP (H) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
2.Accounting policies (continued)
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Amounts owed to Group undertakings
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Amounts owed to Group undertakings are recognised initially at fair value less attributable transaction costs. Subsequent to initial recognition, amounts owed to Group undertakings are stated at amortised cost with any difference between the amount initially recognised and redemption value being recognised in the Statement of Comprehensive Income over the period of the loan, using the effective interest method.
Ordinary shares are classified as equity.
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Investments in subsidiary undertakings
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The following were subsidiary undertakings of the Company:
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Cathedral (Brighton) Limited
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100 Victoria Street, London, SW1E 5JL
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Cathedral (Bromley) Limited
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100 Victoria Street, London, SW1E 5JL
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Cathedral (Sittingbourne) Limited
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100 Victoria Street, London, SW1E 5JL
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Spirit of Sittingbourne LLP*
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100 Victoria Street, London, SW1E 5JL
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Cathedral (Bromley 2) Limited**
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100 Victoria Street, London, SW1E 5JL
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Opportunities for Sittingbourne Limited***
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100 Victoria Street, London, SW1E 5JL
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*Indirect investment via Cathedral (Sittingbourne) Limited
**Indirect investment via Cathedral (Bromley) Limited
***Indirect investment via Cathedral (Sittingbourne) Limited
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PUBLIC PRIVATE PARTNERSHIP (H) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
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Amounts owed to Group undertakings
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Amounts owed to Group undertakings
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The unsecured amounts owed to Group undertakings are interest free and repayable on demand with no fixed repayment date.
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Authorised and issued
2026
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Authorised and issued
2025
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Allotted and fully paid
2026
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Allotted and fully paid
2025
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Ordinary shares of £1.00 each
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The immediate parent company is U and I PPP Limited.
The ultimate parent company and controlling party at 31 March 2026 was Land Securities Group PLC, which is registered in England and Wales.
Consolidated financial statements for the year ended 31 March 2026 for Land Securities Group PLC can be obtained from the Company Secretary at the registered office of the ultimate parent company, 100 Victoria Street, London, SW1E 5JL and from the Group website at www.landsec.com. This is the largest and smallest Group to include these accounts in its consolidated financial statements.
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Events after the end of the reporting period
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On 7 April 2026, the Company's subsidiary Spirit of Sittingbourne LLP submitted an application for voluntary strike-off.
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PUBLIC PRIVATE PARTNERSHIP (H) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
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Impact of prior year restatement
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The results for the year ended 31 March 2025 have been restated. This arises from the incorrect allocation of intercompany balances between counterparties in prior periods, which resulted in the gross presentation of intercompany balances.
As a consequence, the Company's intercompany loan balance was misstated impacting the Balance Sheet and Retained Earnings as at 31 March 2025.
The effect of the restatement is set out below:
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Amounts due to Group undertakings
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Balance as at 31 March 2025
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Restated balance as at 31 March
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Amounts due to Group undertakings
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Balance as at 31 March 2025
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Restated balance as at 31 March
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Balance as at 31 March 2025
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Restated balance as at 31 March
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