Company registration number: 07546159
Annual report and unaudited financial statements
for the year ended 28 February 2026
for
PPG Property Limited
Pages for filing with the Registrar
Company registration number: 07546159
PPG Property Limited
Balance sheet
as at 28 February 2026
2026 2025
Note £ £ £ £
Fixed assets
Tangible assets 4 196,528 196,528
196,528 196,528
Current assets
Cash at bank and in hand 10,457 7,003
10,457 7,003
Creditors: amounts falling due within one year
(13,040) (12,522)
Net current liabilities (2,583) (5,519)
Total assets less current liabilities 193,945 191,009
Creditors: Amounts falling due after more than one year
5 (45,445) (46,867)
NET ASSETS 148,500 144,142
Capital and reserves
Called up share capital 3 3
Profit and loss account 148,497 144,139
TOTAL EQUITY 148,500 144,142
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the year ended 28 February 2026.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges their responsibilities to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.
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Company registration number: 07546159
PPG Property Limited
Balance sheet - continued
as at 28 February 2026
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
In accordance with Section 444 of the Companies Act 2006, the Profit and loss account has not been delivered to the Registrar.
Signed by:
Mr P Rolfe, Director
28 October 2026
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PPG Property Limited
Notes to the financial statements
for the year ended 28 February 2026
1 Company information
PPG Property Limited is a private company registered in England and Wales. Its registered number is 07546159. The company is limited by shares. Its registered office is Nor House, 15/16 Pallion Way, Sunderland, Tyne and Wear, SR4 6RJ.
2 Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” including the provisions of Section 1A “Small Entities” and the Companies Act 2006. The financial statements have been prepared under the historic cost convention.
Going concern
In preparing these financial statements, the director has assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company’s ability to continue as a going concern. In making this assessment, the director takes into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The director considers that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, Value Added Tax and other sales taxes.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Land and buildings:
Freehold property - 0% reducing balance
Taxation
Taxation for the year comprises current taxation. 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 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.
3 Average number of employees
During the year the average number of employees was Nil (2025 - Nil).
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PPG Property Limited
Notes to the financial statements - continued
for the year ended 28 February 2026
4 Tangible fixed assets
Land and buildings
£
Cost
At 1 March 2025 196,528
At 28 February 2026 196,528
Depreciation
At 28 February 2026 -
Net book value
At 28 February 2026 196,528
At 28 February 2025 196,528
5 Creditors: amounts falling due after more than five years
Included within the above creditors are the following amounts falling due after more than five years:
2026 2025
£ £
Repayable otherwise than by instalments
Other creditors 45,445 46,867
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