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REGISTERED NUMBER: 04108942 (England and Wales)















The Plan Group Limited

Financial Statements

for the Year Ended 31 December 2022






The Plan Group Limited (Registered number: 04108942)

Contents of the Financial Statements
for the year ended 31 December 2022










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


The Plan Group Limited

Company Information
for the year ended 31 December 2022







Directors: S Georgiades
R Georgiades
G Georgiades
N D Beresford
N Cole
D Dove





Registered office: Prospero
73 London Road
Redhill
Surrey
RH1 1LQ





Registered number: 04108942 (England and Wales)





Auditors: Haines Watts
Chartered Accountants and Statutory Auditor
New Derwent House
69-73 Theobalds Road
London
WC1X 8TA

The Plan Group Limited (Registered number: 04108942)

Balance Sheet
31 December 2022

2022 2021
Notes £ £ £ £
Fixed assets
Intangible assets 4 - 5,123
Tangible assets 5 533,165 626,705
Investments 6 2,107,636 2,107,636
2,640,801 2,739,464

Current assets
Stocks 28,790 27,633
Debtors 7 1,874,569 1,465,749
Investments 8 765 6,947
Cash at bank and in hand 1,006,055 838,944
2,910,179 2,339,273
Creditors
Amounts falling due within one year 9 2,830,423 2,621,351
Net current assets/(liabilities) 79,756 (282,078 )
Total assets less current liabilities 2,720,557 2,457,386

Provisions for liabilities 11 220,896 196,379
Net assets 2,499,661 2,261,007

Capital and reserves
Called up share capital 12 125 125
Retained earnings 13 2,499,536 2,260,882
Shareholders' funds 2,499,661 2,261,007

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 31 October 2023 and were signed on its behalf by:





G Georgiades - Director


The Plan Group Limited (Registered number: 04108942)

Notes to the Financial Statements
for the year ended 31 December 2022


1. Statutory information

The Plan Group 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.

Going concern
At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis in preparing the annual financial statements.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover comprises revenue recognised by the company in respect of insurance supplied during the year, exclusive of Insurance Premium Tax and trade discounts.

Included in turnover is a management charge recognised by the company in respect of management services supplied during the year, exclusive of discounts and Value Added Taxes.

Intangible assets
Intangible fixed assets are amortised over the useful economic life of the asset.

Website - 3 years
Other intangible assets - 10 years

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Short leasehold - 15 years
Office equipment - 4-10 years
Motor vehicles - 4 years

Government grants
Government grants are recognised in accordance with the accruals model.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

The Plan Group Limited (Registered number: 04108942)

Notes to the Financial Statements - continued
for the year ended 31 December 2022


2. Accounting policies - continued

Financial instruments
Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a party to the contractual provisions of the instrument.

Trade and other debtors and creditors are classified as basic financial instruments and measured at initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company will not be able to collect all amounts due.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank and bank overdrafts which are an integral part of the company's cash management.

Financial liabilities and equity instruments issued by the company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs.

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.

Operating lease commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Current asset investments
Current asset investments are stated at market value, with any gain or loss recognised through the income statement.

Other operating income
Following the emergence and spread of the coronavirus (COVID-19) and its financial effects on businesses worldwide, The Plan Group Limited have received furlough income of £40,478, in the form of government grant.

The Plan Group Limited (Registered number: 04108942)

Notes to the Financial Statements - continued
for the year ended 31 December 2022


3. Employees and directors

The average number of employees during the year was 75 (2021 - 81 ) .

4. Intangible fixed assets
Other
intangible
Website assets Totals
£ £ £
Cost
At 1 January 2022
and 31 December 2022 49,065 23,731 72,796
Amortisation
At 1 January 2022 49,065 18,608 67,673
Amortisation for year - 5,123 5,123
At 31 December 2022 49,065 23,731 72,796
Net book value
At 31 December 2022 - - -
At 31 December 2021 - 5,123 5,123

5. Tangible fixed assets
Short Office
leasehold equipment Totals
£ £ £
Cost
At 1 January 2022 535,827 649,530 1,185,357
Additions - 35,371 35,371
At 31 December 2022 535,827 684,901 1,220,728
Depreciation
At 1 January 2022 139,628 419,024 558,652
Charge for year 35,729 93,182 128,911
At 31 December 2022 175,357 512,206 687,563
Net book value
At 31 December 2022 360,470 172,695 533,165
At 31 December 2021 396,199 230,506 626,705

6. Fixed asset investments
Shares in
group
undertakings
£
Cost
At 1 January 2022
and 31 December 2022 2,107,636
Net book value
At 31 December 2022 2,107,636
At 31 December 2021 2,107,636

The Plan Group Limited (Registered number: 04108942)

Notes to the Financial Statements - continued
for the year ended 31 December 2022


7. Debtors: amounts falling due within one year
2022 2021
£ £
Trade debtors 1,178,439 1,255,593
Amounts owed by group undertakings 501,535 -
Other debtors 194,595 210,156
1,874,569 1,465,749

8. Current asset investments
2022 2021
£ £
Listed investments 765 6,947

9. Creditors: amounts falling due within one year
2022 2021
£ £
Trade creditors 1,442,268 1,348,669
Amounts owed to group undertakings 676,022 571,833
Taxation and social security 176,764 129,837
Other creditors 535,369 571,012
2,830,423 2,621,351

10. Leasing agreements

Minimum lease payments under non-cancellable operating leases fall due as follows:
2022 2021
£ £
Within one year 364,569 364,569
Between one and five years 1,458,277 1,458,277
In more than five years 1,762,084 2,126,654
3,584,930 3,949,500

11. Provisions for liabilities
2022 2021
£ £
Deferred tax 111,898 99,246
Other provisions 108,998 97,133
220,896 196,379

Deferred tax
£
Balance at 1 January 2022 99,246
Provided during year 12,652
Balance at 31 December 2022 111,898

The Plan Group Limited (Registered number: 04108942)

Notes to the Financial Statements - continued
for the year ended 31 December 2022


12. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2022 2021
value: £ £
10,000 Ordinary £0.01 100 100
1,236 A £0.015 19 19
664 B £0.01 6 6
125 125

13. Reserves
Retained
earnings
£

At 1 January 2022 2,260,882
Profit for the year 238,555
Dividends 99
At 31 December 2022 2,499,536

14. Disclosure under Section 444(5B) of the Companies Act 2006

The Auditors' Report was unqualified.

Gary Staunton (Senior Statutory Auditor)
for and on behalf of Haines Watts

15. Contingent liabilities

The company together with other group companies has granted a guarantee and debenture to a bank. There is a fixed and floating charge over the company's assets to secure the bank borrowings of the group.

16. Related party disclosures

Included in other debtors at the year end is £nil (2021: £36,809) due by the directors.

17. Control

The ultimate parent company and controlling party is AMP132 Limited, a company incorporated in England and Wales. The ultimate parent company prepares consolidated group accounts which are publicly available at Companies House.