Registration number: 04427997

PP Challenge Limited

Contents

Balance Sheet	1 to 2
Notes to the Unaudited Financial Statements	3 to 6

PP Challenge Limited

(Registration number: 04427997)
Balance Sheet as at 30 April 2026

	Note	2026 £	2025 £
Fixed assets
Tangible assets	4	2,352	4,224
Investment property	5	350,000	530,000
		352,352	534,224
Current assets
Stocks		100	150
Cash at bank and in hand		81,095	11,110
		81,195	11,260
Creditors: Amounts falling due within one year	6	(5,816)	(2,662)
Net current assets		75,379	8,598
Total assets less current liabilities		427,731	542,822
Creditors: Amounts falling due after more than one year	6	(174,951)	(271,760)
Provisions for liabilities		(9,780)	(11,233)
Net assets		243,000	259,829
Capital and reserves
Called up share capital		200	200
Other reserves		32,722	90,630
Retained earnings		210,078	168,999
Shareholders' funds		243,000	259,829

PP Challenge Limited

(Registration number: 04427997)
Balance Sheet as at 30 April 2026

For the financial year ending 30 April 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 22 September 2026 and signed on its behalf by:
 

......................................... M J Heffer Company secretary and director

PP Challenge Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2026

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Court View Solsbury Lane
Batheaston
Bath
Avon
BA1 7HB
England

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover represents the value of rental income received and retail sale of flowers, in the ordinary course of the company's activities.

Government grants

Government grants are accounted for as revenue based grants under the accrual model in the period in which they are receivable.

Tax

The tax expense for the period comprises current tax payable and deferred tax.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

PP Challenge Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2026

Asset class	Depreciation method and rate
Furniture, fittings & equipment	20% Straight line basis

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for services performed in the ordinary course of business.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

PP Challenge Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2026

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2025 - 2).

4	Tangible assets

	Furniture, fittings and equipment  £	Total £
Cost or valuation
At 1 May 2025	13,146	13,146
Additions	369	369
At 30 April 2026	13,515	13,515
Depreciation
At 1 May 2025	8,922	8,922
Charge for the year	2,241	2,241
At 30 April 2026	11,163	11,163
Carrying amount
At 30 April 2026	2,352	2,352
At 30 April 2025	4,224	4,224

5	Investment properties

	2026 £
At 1 May	530,000
Disposals	(180,000)
At 30 April	350,000

There has been no valuation of investment property by an independent valuer.

PP Challenge Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2026

6

Creditors

	2026 £	2025 £
Due within one year
Taxation and social security	-	423
Other creditors	5,816	2,239
	5,816	2,662