Company Registration No. 9631716 (England and Wales)
PPNL SPV 27 Limited
Unaudited accounts
for the year ended 31 December 2017
PPNL SPV 27 Limited
Unaudited accounts
Contents
PPNL SPV 27 Limited
Company Information
for the year ended 31 December 2017
Directors
Liberty Rebecca Davey
Coles Ridge Ltd
Glassmill Ltd
Company Number
9631716 (England and Wales)
Registered Office
15 Bishopsgate Floor 3
London
EC2N 3AR
United Kingdom
PPNL SPV 27 Limited
Statement of financial position
as at
31 December 2017
Investment property
280,000
263,000
Cash at bank and in hand
429
730
Creditors: amounts falling due within one year
(9,904)
(1,900)
Net current liabilities
(393)
(454)
Total assets less current liabilities
279,607
262,546
Provisions for liabilities
Deferred tax
(4,520)
(907)
Net assets
275,087
261,639
Called up share capital
1
1
Share premium
128,699
128,699
Capital redemption reserve
128,700
128,700
Profit and loss account
17,687
4,239
Shareholders' funds
275,087
261,639
For the year ending 31 December 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 28 September 2018.
Coles Ridge Ltd
Director
Company Registration No. 9631716
PPNL SPV 27 Limited
Notes to the Accounts
for the year ended 31 December 2017
PPNL SPV 27 Limited is a private company, limited by shares, registered in England and Wales, registration number 9631716. The registered office is 15 Bishopsgate Floor 3, London, EC2N 3AR, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
4
Investment property
2017
Fair value at 1 January 2017
263,000
Net gain from fair value adjustments
17,000
At 31 December 2017
280,000
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold. Reserves generated by revaluation gains after deferred tax are not distributable until the sale of the property in question.
Fair Value Adjustment gains of £25,969, less deferred tax provision of £4,520, leave a reserve of £21,449 that is shown separately from distributable reserves in these accounts.
6
Creditors: amounts falling due within one year
2017
2016
Taxes and social security
1,036
1,760
7
Average number of employees
During the year the average number of employees was 0 (2016: 0).