PP TRUSTS LIMITED 31/05/2026 iXBRL

Company registration number: 09022355

PP TRUSTS LIMITED

Trading as PP Trusts Limited

Unaudited filleted financial statements

31 May 2026

PP TRUSTS LIMITED

Contents

Directors and other information

Accountants report

Statement of financial position

Statement of changes in equity

Notes to the financial statements

PP TRUSTS LIMITED

Directors and other information


	Directors	C.D. Tate
		G.H. Alexander


	Secretary	C.A. Alexander


	Company number	09022355


	Registered office	163-164 Moulsham Street
		Chelmsford
		Essex
		CM2 0LD


	Business address	Thrales End Business Centre
		Thrales End Lane
		Harpenden
		Hertfordshire
		AL5 3NS


	Accountants	Peaty & Co
		163-164 Moulsham Street
		Chelmsford
		Essex
		CM2 0LD

PP TRUSTS LIMITED

Chartered accountants report to the board of directors on the preparation of the

unaudited statutory financial statements of PP Trusts Limited

Year ended 31 May 2026

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of PP Trusts Limited for the year ended 31 May 2026 which comprise the statement of financial position, statement of changes in equity and related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com /en/members/regulations-standards-and-guidance/.

This report is made solely to the board of directors of PP Trusts Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of PP Trusts Limited and state those matters that we have agreed to state to the board of directors of PP Trusts Limited as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than PP Trusts Limited and its board of directors as a body for our work or for this report.

It is your duty to ensure that PP Trusts Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of PP Trusts Limited. You consider that PP Trusts Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of PP Trusts Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Peaty & Co

Chartered Accountants

163-164 Moulsham Street

Chelmsford

Essex

CM2 0LD

8 October 2026

PP TRUSTS LIMITED

Statement of financial position

31 May 2026

		2026		2025
	Note	£	£	£	£

Fixed assets
Tangible assets	6	584,750		557,031
Investments	7	50		50
		_______		_______
			584,800		557,081

Current assets
Debtors	8	34,763		35,239
Cash at bank and in hand		16,536		15,714
		_______		_______
		51,299		50,953
Creditors: amounts falling due
within one year	9	( 45,423)		( 45,398)
		_______		_______
Net current assets			5,876		5,555
			_______		_______
Total assets less current liabilities			590,676		562,636

Creditors: amounts falling due
after more than one year	10		( 283,410)		( 283,410)

Provisions for liabilities	11		( 35,744)		( 28,788)

			_______		_______
Net assets			271,522		250,438
			_______		_______

Capital and reserves
Called up share capital	13		4		4
Revaluation reserve			258,691		237,822
Profit and loss account			12,827		12,612
			_______		_______
Shareholders funds			271,522		250,438
			_______		_______

For the year ending 31 May 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 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.

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 comprehensive income has not been delivered.

These financial statements were approved by the board of directors and authorised for issue on 08 October 2026 , and are signed on behalf of the board by:

G.H. Alexander C.D. Tate

Director Director

Company registration number: 09022355

PP TRUSTS LIMITED

Statement of changes in equity

Year ended 31 May 2026

	Called up share capital	Revaluation reserve	Profit and loss account	Total
	£	£	£	£


At 1 June 2024 (as previously reported)	4	237,822	( 43,311)	194,515
Prior period adjustments	(-)	(-)	20,012	20,012
	_______	_______	_______	_______
At 1 June 2024 (restated)	4	237,822	( 23,299)	214,527

Profit for the year			35,911	35,911
	_______	_______	_______	_______
Total comprehensive income for the year	-	-	35,911	35,911

	_______	_______	_______	_______
At 31 May 2025 and 1 June 2025	4	237,822	12,612	250,438

Profit for the year			21,084	21,084
Other comprehensive income for the year:
Reclassification from profit and loss account to revaluation reserve	-	20,869	( 20,869)	-
	_______	_______	_______	_______
Total comprehensive income for the year	-	20,869	215	21,084

	_______	_______	_______	_______
At 31 May 2026	4	258,691	12,827	271,522
	_______	_______	_______	_______

PP TRUSTS LIMITED

Notes to the financial statements

Year ended 31 May 2026

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 163-164 Moulsham Street, Chelmsford, Essex, CM2 0LD.

2. Statement of compliance

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

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, 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.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that 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 that are expected to apply to the reversal of the timing difference.

Tangible assets

tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.

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:


Plant and machinery	-	20 %	reducing balance

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Investment property

Investment property is measured initially at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.

Fixed asset investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses. Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

Impairment

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. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.

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 in finance costs in profit or loss in the period it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 2 (2025: 2 ).

5. Tax on profit

Major components of tax expense

	2026	2025
	£	£
Deferred tax:
Origination and reversal of timing differences	7,060	12,049
	_______	_______
Tax on profit	7,060	12,049
	_______	_______

6. Tangible assets

	Freehold property	Fixtures, fittings and equipment	Total
	£	£	£
Cost or valuation
At 1 June 2025	556,500	3,166	559,666
Revaluation	27,825	-	27,825
	_______	_______	_______
At 31 May 2026	584,325	3,166	587,491
	_______	_______	_______
Depreciation
At 1 June 2025	-	2,635	2,635
Charge for the year	-	106	106
	_______	_______	_______
At 31 May 2026	-	2,741	2,741
	_______	_______	_______
Carrying amount
At 31 May 2026	584,325	425	584,750
	_______	_______	_______
At 31 May 2025	556,500	531	557,031
	_______	_______	_______

Investment property

The property was revalued on 31st May 2026 by the directors.

Tangible assets held at valuation

In respect of tangible assets held at valuation, the aggregate cost, depreciation and comparable carrying amount that would have been recognised if the assets had been carried under the historical cost model are as follows:


	Freehold property	Total
	£	£
At 31 May 2026
Aggregate cost	289,890	289,890
Aggregate depreciation	-	-
	_______	_______
Carrying amount	289,890	289,890
	_______	_______

At 31 May 2025
Aggregate cost	289,890	289,890
Aggregate depreciation	-	-
	_______	_______
Carrying amount	289,890	289,890
	_______	_______

7. Investments

	Other investments other than loans	Total
	£	£
Cost
At 1 June 2025 and 31 May 2026	50	50
	_______	_______
Impairment
At 1 June 2025 and 31 May 2026	-	-
	_______	_______
Carrying amount
At 31 May 2026	50	50
	_______	_______
At 31 May 2025	50	50
	_______	_______

8. Debtors

	2026	2025
	£	£
Trade debtors	4,018	4,018
Other debtors	30,745	31,221
	_______	_______
	34,763	35,239
	_______	_______

9. Creditors: amounts falling due within one year

	2026	2025
	£	£
Social security and other taxes	7,302	631
Other creditors	38,121	44,767
	_______	_______
	45,423	45,398
	_______	_______

10. Creditors: amounts falling due after more than one year

	2026	2025
	£	£
Bank loans and overdrafts	283,410	283,410
	_______	_______

The bank loan is secured.

11. Provisions

	Deferred tax (note 12)	Total
	£	£
At 1 June 2025	28,788	28,788
Additions	6,956	6,956
	_______	_______
At 31 May 2026	35,744	35,744
	_______	_______

12. Deferred tax

The deferred tax included in the statement of financial position is as follows:

	2026	2025
	£	£
Included in debtors (note 8)	29,497	29,601
Included in provisions (note 11)	( 35,744)	( 28,788)
	_______	_______
	( 6,247)	813
	_______	_______

The deferred tax account consists of the tax effect of timing differences in respect of:

	2026	2025
	£	£
Revaluation of tangible assets	( 35,744)	( 28,788)
Unused tax losses	29,497	29,601
	_______	_______
	(6,247)	813
	_______	_______

13. Called up share capital

Issued, called up and fully paid

	2026		2025
	No	£	No	£
Ordinary A shares shares of £ 1.00 each	2	2	2	2
Ordinary B shares shares of £ 1.00 each	2	2	2	2
	_______	_______	_______	_______
	4	4	4	4
	_______	_______	_______	_______