PPDL (Southend) Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 05996308 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2019

FOR

PPDL (SOUTHEND) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

I L M Phoenix

R N Phoenix

SECRETARY:

G W Latham

REGISTERED OFFICE:

Hedge House

Hangersley Hill

Ringwood

Hampshire

BH24 3JW

REGISTERED NUMBER:

05996308 (England and Wales)

ACCOUNTANTS:

Graham Latham Limited

Hedge House

Hangersley Hill

Ringwood

Hampshire

BH24 3JW

FIXED ASSETS

Tangible assets

4

240

320

Investment property

5

1,300,000

1,300,000

1,300,240

1,300,320

CURRENT ASSETS

Debtors

6

397,567

212,441

Cash at bank

2,985

11,925

400,552

224,366

CREDITORS

Amounts falling due within one year

7

236,774

426,962

NET CURRENT ASSETS/(LIABILITIES)

163,778

(202,596

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,464,018

1,097,724

CREDITORS

Amounts falling due after more than one year

8

467,724

81,926

NET ASSETS

996,294

1,015,798

CAPITAL AND RESERVES

Called up share capital

100

100

Revaluation reserve

10

978,000

978,000

Retained earnings

18,194

37,698

SHAREHOLDERS' FUNDS

996,294

1,015,798

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2019 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 1 October 2019 and were signed on its behalf by:

I L M Phoenix - Director

1.	STATUTORY INFORMATION

PPDL (Southend) Limited 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.

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 historical cost convention as modified by the revaluation of certain assets.

Turnover

Turnover represents rent receivable, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in

fair value is recognised in profit or loss.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2018 - NIL ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 March 2018

and 28 February 2019

1,083

DEPRECIATION

At 1 March 2018

763

Charge for year

80

At 28 February 2019

843

NET BOOK VALUE

At 28 February 2019

240

At 28 February 2018

320

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 March 2018

and 28 February 2019

1,300,000

NET BOOK VALUE

At 28 February 2019

1,300,000

At 28 February 2018

1,300,000

Fair value at 28 February 2019 is represented by:

£

Valuation in 2012

1,300,000

If the investment property had not been revalued it would have been included at the following historical cost:

28.2.19

28.2.18

£

£

Cost

322,000

322,000

The investment property was valued on an open market basis on 6 March 2012 by Mr D M Rona .

6.

DEBTORS

28.2.19

28.2.18

£

£

Amounts falling due within one year:

Trade debtors

431

677

Other debtors

2,560

2,188

2,991

2,865

Amounts falling due after more than one year:

Other debtors

394,576

209,576

Aggregate amounts

397,567

212,441

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.19

28.2.18

£

£

Bank loans and overdrafts

28,405

232,874

Trade creditors

378

378

Amounts owed to group undertakings

117,154

117,154

Taxation and social security

14,693

22,400

Other creditors

76,144

54,156

236,774

426,962

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

28.2.19

28.2.18

£

£

Bank loans

467,724

81,926

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

-

38,065

9.	SECURED DEBTS

The following secured debts are included within creditors:

28.2.19

28.2.18

£

£

Bank loans

491,930

314,800

10.

RESERVES

Revaluation

reserve

£

At 1 March 2018

and 28 February 2019

978,000