PPDL (Southend) Ltd - Accounts to registrar - small 17.2

REGISTERED NUMBER: 05996308 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2017

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

3

427

110

Investment property

4

1,300,000

1,300,000

1,300,427

1,300,110

CURRENT ASSETS

Debtors

5

46,708

261,396

Cash at bank

14,971

22,881

61,679

284,277

CREDITORS

Amounts falling due within one year

6

221,564

250,135

NET CURRENT (LIABILITIES)/ASSETS

(159,885

)

34,142

TOTAL ASSETS LESS CURRENT LIABILITIES

1,140,542

1,334,252

CREDITORS

Amounts falling due after more than one year

7

96,933

289,235

NET ASSETS

1,043,609

1,045,017

CAPITAL AND RESERVES

Called up share capital

100

100

Revaluation reserve

9

978,000

978,000

Retained earnings

65,509

66,917

SHAREHOLDERS' FUNDS

1,043,609

1,045,017

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2017 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 26 September 2017 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 29 February 2016

623

Additions

460

At 28 February 2017

1,083

DEPRECIATION

At 29 February 2016

513

Charge for year

143

At 28 February 2017

656

NET BOOK VALUE

At 28 February 2017

427

At 28 February 2016

110

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 29 February 2016

and 28 February 2017

1,300,000

NET BOOK VALUE

At 28 February 2017

1,300,000

At 28 February 2016

1,300,000

Cost or valuation at 28 February 2017 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:

28.2.17

28.2.16

£

£

Cost

322,000

322,000

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

5.

DEBTORS

28.2.17

28.2.16

£

£

Amounts falling due within one year:

Trade debtors

6,382

70

Other debtors

1,750

1,750

8,132

1,820

Amounts falling due after more than one year:

Other debtors

38,576

259,576

Aggregate amounts

46,708

261,396

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.17

28.2.16

£

£

Bank loans and overdrafts

10,690

43,430

Trade creditors

900

378

Amounts owed to group undertakings

117,154

116,989

Taxation and social security

26,002

19,571

Other creditors

66,818

69,767

221,564

250,135

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

28.2.17

28.2.16

£

£

Bank loans

96,933

289,235

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

54,173

115,515

8.	SECURED DEBTS

The following secured debts are included within creditors:

28.2.17

28.2.16

£

£

Bank loans

107,623

332,665

The company took out a bank loan in February 2012 which is repayable over 15 years. The loan is secured on the

investment property in the company.

9.

RESERVES

Revaluation

reserve

£

At 29 February 2016

and 28 February 2017

978,000