REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 30 September 2023 |
for |
Pluto Travel Limited |
REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 30 September 2023 |
for |
Pluto Travel Limited |
Pluto Travel Limited (Registered number: 02003591) |
Contents of the Financial Statements |
for the Year Ended 30 September 2023 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
Pluto Travel Limited |
Company Information |
for the Year Ended 30 September 2023 |
DIRECTOR: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Wessex House |
Upper Market Street |
Eastleigh |
Hampshire |
SO50 9FD |
Pluto Travel Limited (Registered number: 02003591) |
Balance Sheet |
30 September 2023 |
30.9.23 | 30.9.22 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
Investment property | 5 |
CURRENT ASSETS |
Debtors | 6 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 7 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
PROVISIONS FOR LIABILITIES | 8 |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Revaluation reserve | 9 |
Capital redemption reserve |
Retained earnings |
SHAREHOLDERS' FUNDS |
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. |
Pluto Travel Limited (Registered number: 02003591) |
Balance Sheet - continued |
30 September 2023 |
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 |
Pluto Travel Limited (Registered number: 02003591) |
Notes to the Financial Statements |
for the Year Ended 30 September 2023 |
1. | STATUTORY INFORMATION |
Pluto Travel Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Tangible fixed assets |
Investment property |
Investment properties are revalued on an annual basis to open market value and no depreciation is provided. The director considers that this accounting policy results in financial statements giving a true and fair view. The effect of this departure from the Companies Act 2006 has not been quantified because it is impracticable and, in the opinion of the director, would be misleading. |
The aggregate surplus or deficit arising on revaluation is transferred to the revaluation reserve except where a deficit is deemed to represent a permanent diminution in value, in which case it is charged to the profit and loss account. |
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. |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference. |
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
Pluto Travel Limited (Registered number: 02003591) |
Notes to the Financial Statements - continued |
for the Year Ended 30 September 2023 |
2. | ACCOUNTING POLICIES - continued |
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 NIL (2022 - |
4. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
etc |
£ |
COST |
Additions |
At 30 September 2023 |
DEPRECIATION |
Charge for year |
At 30 September 2023 |
NET BOOK VALUE |
At 30 September 2023 |
5. | INVESTMENT PROPERTY |
Investment properties are valued annually on 30 September at fair value by the director on the advice of professional qualified valuer. |
At 30 September 2023 the value of properties at historical cost were £0 (2022 - £332,996). |
Fair value at 30 September 2023 is represented by: |
£ |
Valuation in 2005 | 98,984 |
Valuation in 2006 | 164,000 |
Valuation in 2007 | 41,000 |
Valuation in 2013 | 42,003 |
Valuation in 2016 | 59,000 |
Valuation in 2017 | 25,000 |
Valuation in 2021 | (65,528 | ) |
Valuation in 2022 | (262,456 | ) |
Valuation in 2023 | (102,003 | ) |
Pluto Travel Limited (Registered number: 02003591) |
Notes to the Financial Statements - continued |
for the Year Ended 30 September 2023 |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.9.23 | 30.9.22 |
£ | £ |
Other debtors |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.9.23 | 30.9.22 |
£ | £ |
Taxation and social security |
Other creditors |
8. | PROVISIONS FOR LIABILITIES |
30.9.23 | 30.9.22 |
£ | £ |
Deferred tax | - | 210 |
Deferred |
tax |
£ |
Balance at 1 October 2022 |
Utilised during year | ( |
) |
Balance at 30 September 2023 |
Pluto Travel Limited (Registered number: 02003591) |
Notes to the Financial Statements - continued |
for the Year Ended 30 September 2023 |
9. | RESERVES |
Revaluation |
reserve |
£ |
At 1 October 2022 |
Transfer to revaluation |
reserve | (101,794 | ) |
At 30 September 2023 |
REVALUATION RESERVE |
The revaluation reserve represents accumulated gains and losses in respect of changes in the valuation net of the deferred tax liability of investment property which is recognised at fair value. The reserves is not distributable under the Companies Act 2006. The change in fair value is initially recognised in the profit and loss account but transferred to the revaluation reserve in order to keep a record of non-distributable fair value movements. |
CAPITAL REDEMPTION RESERVE |
The capital redemption reserve contains the nominal value of own shares that have been acquired by the company and cancelled. |