IRIS Accounts Production v23.3.0.418 05228519 Board of Directors Board of Directors Board of Directors 1.8.22 31.7.23 31.7.23 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh052285192022-07-31052285192023-07-31052285192022-08-012023-07-31052285192021-07-31052285192021-08-012022-07-31052285192022-07-3105228519ns10:Originalns15:EnglandWales2022-08-012023-07-3105228519ns14:PoundSterlingns10:Original2022-08-012023-07-3105228519ns10:Originalns10:Director12022-08-012023-07-3105228519ns10:Original2022-08-012023-07-3105228519ns10:Originalns10:Director22022-08-012023-07-3105228519ns10:Originalns10:Director32022-08-012023-07-3105228519ns10:Original2023-07-3105228519ns10:Originalns10:PrivateLimitedCompanyLtd2022-08-012023-07-3105228519ns10:Originalns10:SmallEntities2022-08-012023-07-3105228519ns10:Originalns10:AuditExempt-NoAccountantsReport2022-08-012023-07-3105228519ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-08-012023-07-3105228519ns10:SmallCompaniesRegimeForAccountsns10:Original2022-08-012023-07-3105228519ns10:Originalns10:FullAccounts2022-08-012023-07-3105228519ns10:Originalns10:RegisteredOffice2022-08-012023-07-3105228519ns10:Original2022-07-3105228519ns10:Originalns5:CurrentFinancialInstruments2023-07-3105228519ns10:Originalns5:CurrentFinancialInstruments2022-07-3105228519ns10:Originalns5:Non-currentFinancialInstruments2023-07-3105228519ns10:Originalns5:Non-currentFinancialInstruments2022-07-3105228519ns5:ShareCapitalns10:Original2023-07-3105228519ns5:ShareCapitalns10:Original2022-07-3105228519ns10:Originalns5:RevaluationReserve2023-07-3105228519ns10:Originalns5:RevaluationReserve2022-07-3105228519ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-07-3105228519ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-07-3105228519ns10:Original2021-08-012022-07-3105228519ns10:Original2022-07-3105228519ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-07-3105228519ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-07-3105228519ns5:Securedns10:Original2023-07-3105228519ns5:Securedns10:Original2022-07-3105228519ns10:Originalns5:RevaluationReserve2022-07-31
REGISTERED NUMBER: 05228519 (England and Wales)














Financial Statements for the Year Ended 31 July 2023

for

Planetwell Limited

Planetwell Limited (Registered number: 05228519)






Contents of the Financial Statements
for the Year Ended 31 July 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Planetwell Limited

Company Information
for the Year Ended 31 July 2023







DIRECTORS: Mr S Goldstone
Mr S Brody
Mr M Freeman





REGISTERED OFFICE: The Retreat
406 Roding Lane South
Woodford Green
Essex
IG8 8EY





REGISTERED NUMBER: 05228519 (England and Wales)





ACCOUNTANTS: Nordens
The Retreat
406 Roding Lane South
Woodford Green
Essex
IG8 8EY

Planetwell Limited (Registered number: 05228519)

Statement of Financial Position
31 July 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 650,000 650,000

CURRENT ASSETS
Debtors 5 28,274 30,269
Cash at bank 13,077 16,018
41,351 46,287
CREDITORS
Amounts falling due within one year 6 36,996 43,023
NET CURRENT ASSETS 4,355 3,264
TOTAL ASSETS LESS CURRENT LIABILITIES 654,355 653,264

CREDITORS
Amounts falling due after more than one year 7 228,000 237,000
NET ASSETS 426,355 416,264

CAPITAL AND RESERVES
Called up share capital 90 90
Revaluation reserve 9 162,148 162,148
Retained earnings 264,117 254,026
SHAREHOLDERS' FUNDS 426,355 416,264

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 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.

Planetwell Limited (Registered number: 05228519)

Statement of Financial Position - continued
31 July 2023


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 Board of Directors and authorised for issue on 20 October 2023 and were signed on its behalf by:




Mr S Goldstone - Director Mr M Freeman - Director




Mr S Brody - Director


Planetwell Limited (Registered number: 05228519)

Notes to the Financial Statements
for the Year Ended 31 July 2023

1. STATUTORY INFORMATION

Planetwell 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 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.

Turnover
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 August 2022
and 31 July 2023 650,000
NET BOOK VALUE
At 31 July 2023 650,000
At 31 July 2022 650,000

Planetwell Limited (Registered number: 05228519)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade debtors 3,264 4,844
Amounts owed by associates 15,290 15,705
Other debtors 9,720 9,720
28,274 30,269

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Bank loans and overdrafts 9,000 18,000
Other Creditors 13,438 13,438
Amounts owed to associates 4,802 1,814
Taxation and social security 9,756 9,771
36,996 43,023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.7.23 31.7.22
£    £   
Bank loans 228,000 237,000

8. SECURED DEBTS

The following secured debts are included within creditors:

31.7.23 31.7.22
£    £   
Bank loans 237,000 255,000

The bank loan is secured via a fixed charge over 3-5 Albany Gardens, Colchester, Essex, CO2 8HQ.

9. RESERVES
Revaluation
reserve
£   
At 1 August 2022
and 31 July 2023 162,148

10. RELATED PARTY DISCLOSURES

The Directors Mr S Goldstone, Mr S Brody and Mr M Freeman are considered to be key management personnel.