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REGISTERED NUMBER: 06536965 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

FOR

PLS LONDON LIMITED

PLS LONDON LIMITED (REGISTERED NUMBER: 06536965)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PLS LONDON LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTOR: Mr T B Moore





REGISTERED OFFICE: Chapel House
Hunsdon Road
Widford
Ware
Hertfordshire
SG12 8RZ





REGISTERED NUMBER: 06536965 (England and Wales)





ACCOUNTANTS: Bayar Hughes & Co Ltd
Chartered Certified Accountants
4 Green Lane Business Park
238 Green Lane
New Eltham
London
SE9 3TL

PLS LONDON LIMITED (REGISTERED NUMBER: 06536965)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 106,089 71,115
Investment Properties 6 999,630 1,599,630
1,105,719 1,670,745

CURRENT ASSETS
Stocks 7 18,576 23,980
Debtors 8 354,635 107,879
Cash at bank 1,119,459 589,090
1,492,670 720,949
CREDITORS
Amounts falling due within one year 9 221,086 234,079
NET CURRENT ASSETS 1,271,584 486,870
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,377,303

2,157,615

CREDITORS
Amounts falling due after more than one
year

10

380,000

400,000
NET ASSETS 1,997,303 1,757,615

CAPITAL AND RESERVES
Called up share capital 11 100 100
Revaluation Reserve 12 291,632 341,632
Retained earnings 12 1,705,571 1,415,883
SHAREHOLDERS' FUNDS 1,997,303 1,757,615

PLS LONDON LIMITED (REGISTERED NUMBER: 06536965)

BALANCE SHEET - continued
31 MARCH 2023


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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 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 director and authorised for issue on 18 October 2023 and were signed by:





Mr T B Moore - Director


PLS LONDON LIMITED (REGISTERED NUMBER: 06536965)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1. STATUTORY INFORMATION

PLS London 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 as modified by the revaluation of certain assets.

Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2008, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and Equipment - 25% on reducing balance
Motor Vehicles - 25% on reducing balance

Investment properties
Investment properties are shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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 balance sheet date.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

PLS LONDON LIMITED (REGISTERED NUMBER: 06536965)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2022
and 31 March 2023 9,200
AMORTISATION
At 1 April 2022
and 31 March 2023 9,200
NET BOOK VALUE
At 31 March 2023 -
At 31 March 2022 -

5. TANGIBLE FIXED ASSETS
Plant and Motor
Equipment Vehicles Totals
£    £    £   
COST
At 1 April 2022 60,340 134,665 195,005
Additions 9,833 55,001 64,834
Disposals - (5,417 ) (5,417 )
At 31 March 2023 70,173 184,249 254,422
DEPRECIATION
At 1 April 2022 47,676 76,214 123,890
Charge for year 5,624 19,045 24,669
Eliminated on disposal - (226 ) (226 )
At 31 March 2023 53,300 95,033 148,333
NET BOOK VALUE
At 31 March 2023 16,873 89,216 106,089
At 31 March 2022 12,664 58,451 71,115

6. INVESTMENT PROPERTIES
Total
£   
FAIR VALUE
At 1 April 2022 1,599,630
Disposals (550,000 )
Impairments (50,000 )
At 31 March 2023 999,630
NET BOOK VALUE
At 31 March 2023 999,630
At 31 March 2022 1,599,630

PLS LONDON LIMITED (REGISTERED NUMBER: 06536965)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

6. INVESTMENT PROPERTIES - continued

Fair value at 31 March 2023 is represented by:
£   
Valuation in 2021 341,632
Valuation in 2023 (50,000 )
Cost 707,998
999,630

Investment Properties were valued on an open market basis on 31 March 2022 by the Director .

7. STOCKS
2023 2022
£    £   
Stock & Work-in-Progress 18,576 23,980

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade Debtors 248,156 102,504
Amount Due From Associated
Company 100,000 -
Other Debtor & Prepayments 6,479 5,375
354,635 107,879

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade Creditors 41,123 71,032
Corporation Tax 77,948 74,607
Social Security & other Taxes 76,994 53,025
Director's Loan Account 1,199 3,898
Other Creditors & Accruals 23,822 31,517
221,086 234,079

10. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Directors' Loan Account 380,000 400,000

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

PLS LONDON LIMITED (REGISTERED NUMBER: 06536965)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

12. RESERVES
Retained Revaluation
earnings Reserve Totals
£    £    £   

At 1 April 2022 1,415,883 341,632 1,757,515
Profit for the year 365,688 365,688
Dividends (76,000 ) (76,000 )
Revaluation - (50,000 ) (50,000 )
At 31 March 2023 1,705,571 291,632 1,997,203