350 PPM Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07647973 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 November 2020

for

350 PPM Ltd

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

N J Dimmock

REGISTERED OFFICE:

Terminal House

Station Approach

Shepperton

Middlesex

TW17 8AS

REGISTERED NUMBER:

07647973 (England and Wales)

ACCOUNTANTS:

Suzanne Cater ACA

2 Terminal House

Station Approach

Shepperton

Middlesex

TW17 8AS

FIXED ASSETS

Tangible assets

4

9,015

-

Investments

5

1,042,871

707,263

1,051,886

707,263

CURRENT ASSETS

Debtors

6

155,024

112,301

Cash at bank

119,620

51,466

274,644

163,767

CREDITORS

Amounts falling due within one year

7

48,741

4,187

NET CURRENT ASSETS

225,903

159,580

TOTAL ASSETS LESS CURRENT LIABILITIES

1,277,789

866,843

CREDITORS

Amounts falling due after more than one year

8

2,103

2,103

NET ASSETS

1,275,686

864,740

CAPITAL AND RESERVES

Called up share capital

214

164

Share premium

1,005,220

385,356

Capital redemption reserve

3

-

Retained earnings

270,249

479,220

SHAREHOLDERS' FUNDS

1,275,686

864,740

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2020 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 25 August 2021 and were signed by:

N J Dimmock - Director

1.	STATUTORY INFORMATION

350 PPM 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.

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 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.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2019 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

Additions

11,990

At 30 November 2020

11,990

DEPRECIATION

Charge for year

2,975

At 30 November 2020

2,975

NET BOOK VALUE

At 30 November 2020

9,015

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST OR VALUATION

At 1 December 2019

707,263

Additions

312

Revaluations

335,296

At 30 November 2020

1,042,871

NET BOOK VALUE

At 30 November 2020

1,042,871

At 30 November 2019

707,263

Cost or valuation at 30 November 2020 is represented by:

Other

investments

£

Valuation in 2017

102,624

Valuation in 2018

70,680

Valuation in 2019

403,576

Valuation in 2020

335,296

Cost

130,695

1,042,871

Value of Investments

The Company has changed the policy on the value of shares owned in raising entities where it has opted to be paid in shares as opposed to taking commissions for introductions to the raising entity, where those introductions result in an investment. In this case, we are moving to a discount of 30% of perceived and anticipated value.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.20

30.11.19

£

£

Amounts owed by group undertakings

4,900

-

Other debtors

150,124

112,301

155,024

112,301

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.20

30.11.19

£

£

Trade creditors

(1

)

-

Amounts owed to group undertakings

-

7,200

Taxation and social security

(5,945

)

(6,200

)

Other creditors

54,687

3,187

48,741

4,187

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.11.20

30.11.19

£

£

Other creditors

2,103

2,103

9.	RELATED PARTY DISCLOSURES

Mr Dimmock, a Director of the company, owes the Company £44,023 as at the year end which has been repaid in the following year.