ACCOUNTS - Final Accounts

PPM GROUP LIMITED - Company Information

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Registered number: 07008495

PPM GROUP LIMITED

FILLETED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2018

PPM GROUP LIMITED

REGISTERED NUMBER: 07008495

STATEMENT OF FINANCIAL POSITION

AS AT 30 APRIL 2018

		2018		2017
Note		£		£

Fixed assets
Investments	4		100		100
			100		100
Current assets
Cash at bank and in hand	5	27		14
		27		14
Creditors: amounts falling due within one year	6	(420)		(342)
Net current liabilities			(393)		(328)
Total assets less current liabilities			(293)		(228)

Net liabilities			(293)		(228)

Capital and reserves
Called up share capital	100	100
Profit and loss account	(393)	(328)
	(293)	(228)

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PPM GROUP LIMITED

REGISTERED NUMBER: 07008495

STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 30 APRIL 2018

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

Mrs C S Sutton

Director

Date: 9 November 2018

The notes on pages 3 to 5 form part of these financial statements.

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PPM GROUP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2018

1.	General information

PPM Group Limited is a private limited company incorporated in England.
Registered Office:
George Court
Bartholomew's Walk
Ely
Cambridgeshire
CB7 4JW

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

2.2

Going concern

The accounts are prepared on a going concern basis which assumes the continued support of its directors and shareholders.

2.3

Finance costs

Finance costs are charged to the Statement of income and retained earnings over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

2.4

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Statement of income and retained earnings for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each Statement of financial position date. Gains and losses on remeasurement are recognised in profit or loss for the period.

2.5

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

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PPM GROUP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2018

2.Accounting policies (continued)

2.6

Creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2.7

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

2.8

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Employees

The Company has no employees other than the directors, who did not receive any remuneration (2017 - £NIL).

4.	Fixed asset investments

		Investments in subsidiary companies
		£
	Cost or valuation
	At 1 May 2017	100
	At 30 April 2018	100

	Net book value
	At 30 April 2018	100
	At 30 April 2017	100

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PPM GROUP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2018

5.	Cash and cash equivalents
		2018	2017
		£	£

Cash at bank and in hand	27	14
	27	14

6.	Creditors: Amounts falling due within one year
		2018	2017
		£	£

Amounts owed to group undertakings	420	342
	420	342

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