Registered number |
Registered number: | |||||||
Statement of Financial Position | |||||||
as at |
|||||||
Notes | 2022 | 2021 | |||||
£ | £ | ||||||
Fixed assets | |||||||
Investment property | 2 | ||||||
Current assets | |||||||
Debtors | 3 | ||||||
Cash at bank and in hand | |||||||
Creditors: amounts falling due within one year | 4 | ( |
( |
||||
Net current assets | |||||||
Total assets less current liabilities | |||||||
Creditors: amounts falling due after more than one year | 5 | ( |
( |
||||
Deferred tax provision | ( |
( |
|||||
Net assets | |||||||
Capital and reserves | |||||||
Called up share capital | |||||||
Share premium | |||||||
Capital reduction reserve | |||||||
Fair value adjustment reserve | |||||||
Profit and loss account | - | 7,547 | |||||
Shareholders' funds | |||||||
Hiren Patel | |||||||
Director | |||||||
Approved by the board on |
|||||||
Notes to the Accounts | ||||||||
for the year ended |
||||||||
1 | Accounting policies | |||||||
Basis of preparation | ||||||||
Turnover | ||||||||
Investment property | ||||||||
recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in the Income Statement. Deferred taxation is provided on these adjustments at the rate expected to apply when the property is sold. Reserves generated by fair value adjustments after deferred tax are not distributable until the sale of the property in question. During the ownership period of the property, all repairs and maintenance are expensed to the Income Statement, any capital improvements to the property are treated as additions to the property on the Statement of Financial Position and form part of the property value when measured at fair value at the reporting end date. |
||||||||
Taxation | ||||||||
2 | Investment property | |||||||
Land and buildings | ||||||||
£ | ||||||||
Fair value | ||||||||
At 1 January 2022 | 917,772 | |||||||
Fair value adjustments | 297,228 | |||||||
At 31 December 2022 | 1,215,000 | |||||||
Freehold investment property was valued by independent surveyors Allsop LLP on 31 March 2022. This valuation is used as the basis for the directors’ valuation at year end. | ||||||||
3 | Debtors | 2022 | 2021 | |||||
£ | £ | |||||||
Trade debtors | ||||||||
4 | Creditors: amounts falling due within one year | 2022 | 2021 | |||||
£ | £ | |||||||
Trade creditors | ||||||||
Taxation and social security costs | ||||||||
Other creditors | ||||||||
5 | Creditors: amounts falling due after one year | 2022 | 2021 | |||||
£ | £ | |||||||
Mortgages | ||||||||
The mortgage is secured on the property concerned. | ||||||||
6 | Average number of persons employed | |||||||
During the year the average number of employees was |
||||||||
7 | Other information | |||||||
PPNL SPV B68-1 Limited is a private company limited by shares and incorporated in England. Its registered office is: | ||||||||
27 Old Gloucester Street | ||||||||
London | ||||||||
WC1N 3AX | ||||||||
The presentational currency is £ sterling. |