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Registered number:11196837
PPD PROPERTIES LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2026
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PPD PROPERTIES LTD
COMPANY INFORMATION
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Cooper Parry Advisory Limited
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PPD PROPERTIES LTD
CONTENTS
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Notes to the financial statements
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PPD PROPERTIES LTD
REGISTERED NUMBER: 11196837
BALANCE SHEET
AS AT 28 FEBRUARY 2026
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Debtors: amounts falling due within one year
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Creditors: amounts falling due within one year
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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 comprehensive income 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:
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P R Daly
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The notes on pages 2 to 5 form part of these financial statements.
Page 1
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PPD PROPERTIES LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2026
PPD Properties Ltd is a private company, limited by shares, registered in England and Wales. The company's registered number and registered office address can be found on the company information page.
The financial statements are prepared in Sterling (£), which is the functional currency of the company.
2.Accounting policies
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Basis of preparation of financial statements
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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.
At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.
Turnover comprises rental income receivable in the ordinary course of business.
Investment properties are initially recognised at cost, including transaction costs. Subsequent to initial recognition, investment properties are measured at fair value at each reporting date, with changes in fair value recognised in the profit and loss account. No depreciation is charged in respect of investment properties held at fair value.
Page 2
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PPD PROPERTIES LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2026
2.Accounting policies (continued)
Taxation for the year comprises current and deferred tax. Tax is recognised in the profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
Current or deferred taxation assets and liabilities are not discounted.
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
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Pension costs and other post-retirement benefits
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The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to the profit and loss account in the period to which they relate.
Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a party to the contractual provisions of the instrument.
Trade and other debtors and creditors are classified as basic financial instruments and measured at initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company will not be able to collect all amounts due.
Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank and bank overdrafts which are an integral part of the company's cash management.
Financial liabilities and equity instruments issued by the company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs.
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The average number of employees during the year was 2 (2025: 2).
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Page 3
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PPD PROPERTIES LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2026
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The directors have reviewed the value of the properties and consider that their carrying amounts remain appropriate at the reporting date.
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Creditors: Amounts falling due within one year
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Other taxation and social security
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Page 4
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PPD PROPERTIES LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2026
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Allotted, called up and fully paid
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300 (2025: 1) A Ordinary shares of £1 each
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300 (2025:1) B Ordinary shares of £1 each
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200 (2025: Nil) C Ordinary shares of £1 each
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200 (2025: Nil) D ordinary shares of £1 each
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During the financial year, the company’s two existing ordinary shares of £1.00 each were redesignated into 1 A ordinary share and 1 B ordinary share of £1.00 each. Subsequently, the company allotted 299 A ordinary shares, 299 B ordinary shares, 200 C ordinary shares and 200 D ordinary shares, all at a nominal value of £1.00 per share, for a total cash consideration of £998. At the year-end, the issued share capital comprised 300 A ordinary shares, 300 B ordinary shares, 200 C ordinary shares and 200 D ordinary shares, all fully paid. The A and B ordinary shares carry full voting rights and equal rights to dividends and capital distributions, while the C and D ordinary shares carry rights to dividends and capital distributions but hold no voting rights.
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Related party transactions
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At the year end, the company owed its directors £6,285,628 (2025: £6,300,863). The balance was unsecured, interest-free and repayable on demand.
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The company is jointly controlled by P R Daly and M Daly by virtue of their equal shareholdings in the voting ordinary shares of the company.
There is no single ultimate controlling party.
Page 5
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