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

REGISTERED NUMBER: 05996308 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2022

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

101

135

Investment property

5

1,300,000

1,300,101

1,300,135

CURRENT ASSETS

Debtors

6

14,479

15,074

Cash at bank

314,621

338,597

329,100

353,671

CREDITORS

Amounts falling due within one year

7

247,938

236,286

NET CURRENT ASSETS

81,162

117,385

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,381,263

1,417,520

CREDITORS

Amounts falling due after more than one
year

8

395,108

419,314

NET ASSETS

986,155

998,206

CAPITAL AND RESERVES

Called up share capital

100

Revaluation reserve

10

978,000

Retained earnings

8,055

20,106

SHAREHOLDERS' FUNDS

986,155

998,206

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2022 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 and authorised for issue on 7 October 2022 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 (2021 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 March 2021

and 28 February 2022

1,083

DEPRECIATION

At 1 March 2021

948

Charge for year

34

At 28 February 2022

982

NET BOOK VALUE

At 28 February 2022

101

At 28 February 2021

135

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 March 2021

and 28 February 2022

1,300,000

NET BOOK VALUE

At 28 February 2022

1,300,000

At 28 February 2021

1,300,000

Fair value at 28 February 2022 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:

28.2.22

28.2.21

£

Cost

322,000

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

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.22

28.2.21

£

Trade debtors

9,916

9,332

Other debtors

4,563

5,742

14,479

15,074

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.22

28.2.21

£

Bank loans and overdrafts

24,206

Trade creditors

4,814

8,579

Amounts owed to group undertakings

124,766

126,654

Taxation and social security

22,831

18,238

Other creditors

71,321

58,609

247,938

236,286

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

28.2.22

28.2.21

£

Bank loans

395,108

419,314

9.	SECURED DEBTS

The following secured debts are included within creditors:

28.2.22

28.2.21

£

Bank loans

419,314

443,520

10.

RESERVES

Revaluation

reserve

£

At 1 March 2021

and 28 February 2022

978,000

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

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