IRIS Accounts Production v23.3.0.418 11075499 Board of Directors 1.1.22 31.12.22 31.12.22 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh110754992021-12-31110754992022-12-31110754992022-01-012022-12-31110754992020-12-31110754992021-01-012021-12-31110754992021-12-3111075499ns10:Originalns15:EnglandWales2022-01-012022-12-3111075499ns14:PoundSterlingns10:Original2022-01-012022-12-3111075499ns10:Originalns10:Director12022-01-012022-12-3111075499ns10:Original2022-01-012022-12-3111075499ns10:Original2022-12-3111075499ns10:Originalns10:PrivateLimitedCompanyLtd2022-01-012022-12-3111075499ns10:Originalns10:SmallEntities2022-01-012022-12-3111075499ns10:Originalns10:AuditExempt-NoAccountantsReport2022-01-012022-12-3111075499ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-01-012022-12-3111075499ns10:SmallCompaniesRegimeForAccountsns10:Original2022-01-012022-12-3111075499ns10:Originalns10:FullAccounts2022-01-012022-12-3111075499ns10:Originalns10:OrdinaryShareClass12022-01-012022-12-3111075499ns10:Originalns10:Director22022-01-012022-12-3111075499ns10:Originalns10:Director32022-01-012022-12-3111075499ns10:Originalns10:Director42022-01-012022-12-3111075499ns10:CompanySecretary1ns10:Original2022-01-012022-12-3111075499ns10:Originalns10:RegisteredOffice2022-01-012022-12-3111075499ns10:Original2021-12-3111075499ns10:Originalns5:CurrentFinancialInstruments2022-12-3111075499ns10:Originalns5:CurrentFinancialInstruments2021-12-3111075499ns10:Originalns5:Non-currentFinancialInstruments2022-12-3111075499ns10:Originalns5:Non-currentFinancialInstruments2021-12-3111075499ns5:ShareCapitalns10:Original2022-12-3111075499ns5:ShareCapitalns10:Original2021-12-3111075499ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-12-3111075499ns10:Originalns5:RetainedEarningsAccumulatedLosses2021-12-3111075499ns10:Original2021-01-012021-12-3111075499ns10:Originalns5:LandBuildings2021-12-3111075499ns10:Originalns5:FurnitureFittings2021-12-3111075499ns10:Originalns5:ComputerEquipment2021-12-3111075499ns10:Original2021-12-3111075499ns10:Originalns5:LandBuildings2022-01-012022-12-3111075499ns10:Originalns5:FurnitureFittings2022-01-012022-12-3111075499ns10:Originalns5:ComputerEquipment2022-01-012022-12-3111075499ns10:Originalns5:LandBuildings2022-12-3111075499ns10:Originalns5:FurnitureFittings2022-12-3111075499ns10:Originalns5:ComputerEquipment2022-12-3111075499ns10:Originalns5:LandBuildings2021-12-3111075499ns10:Originalns5:FurnitureFittings2021-12-3111075499ns10:Originalns5:ComputerEquipment2021-12-3111075499ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-3111075499ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2021-12-3111075499ns10:Originalns5:Non-currentFinancialInstrumentsns5:AfterOneYear2022-12-3111075499ns10:Originalns5:Non-currentFinancialInstrumentsns5:AfterOneYear2021-12-3111075499ns10:Originalns5:WithinOneYear2022-12-3111075499ns10:Originalns5:WithinOneYear2021-12-3111075499ns5:BetweenOneFiveYearsns10:Original2022-12-3111075499ns5:BetweenOneFiveYearsns10:Original2021-12-3111075499ns10:Originalns5:AllPeriods2022-12-3111075499ns10:Originalns5:AllPeriods2021-12-3111075499ns10:Originalns10:OrdinaryShareClass12022-12-3111075499ns10:Originalns5:RetainedEarningsAccumulatedLosses2021-12-3111075499ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-01-012022-12-3111075499ns10:Original1ns10:Director12021-12-3111075499ns10:Original1ns10:Director12020-12-3111075499ns10:Original1ns10:Director12022-01-012022-12-3111075499ns10:Original1ns10:Director12021-01-012021-12-3111075499ns10:Original1ns10:Director12022-12-3111075499ns10:Original1ns10:Director12021-12-31
REGISTERED NUMBER: 11075499 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2022

FOR

SITU PLAN LIMITED

SITU PLAN LIMITED (REGISTERED NUMBER: 11075499)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SITU PLAN LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2022







DIRECTORS: A A Alhaddad
B S Alshihabi
O I Alwashmi
N D L Sweet





SECRETARY: Dentons Secretaries Limited





REGISTERED OFFICE: Suite 1, Block D, 2nd Floor West,
Apex Plaza
Reading
Berkshire
RG1 1AX





REGISTERED NUMBER: 11075499 (England and Wales)





ACCOUNTANTS: Haines Watts
The Lightbox
87 Castle Street
Reading
Berkshire
RG1 7SN

SITU PLAN LIMITED (REGISTERED NUMBER: 11075499)

BALANCE SHEET
31 DECEMBER 2022

2022 2021
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 78,532 79,545

CURRENT ASSETS
Debtors 5 885,768 1,363,061
Cash at bank and in hand 344,375 41,734
1,230,143 1,404,795
CREDITORS
Amounts falling due within one year 6 120,003 224,068
NET CURRENT ASSETS 1,110,140 1,180,727
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,188,672

1,260,272

CREDITORS
Amounts falling due after more than one
year

7

2,478,234

2,013,378
NET LIABILITIES (1,289,562 ) (753,106 )

CAPITAL AND RESERVES
Called up share capital 9 1,000 1,000
Retained earnings 10 (1,290,562 ) (754,106 )
SHAREHOLDERS' FUNDS (1,289,562 ) (753,106 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 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.

SITU PLAN LIMITED (REGISTERED NUMBER: 11075499)

BALANCE SHEET - continued
31 DECEMBER 2022


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 and authorised for issue by the Board of Directors and authorised for issue on 23 October 2023 and were signed on its behalf by:





N D L Sweet - Director


SITU PLAN LIMITED (REGISTERED NUMBER: 11075499)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022


1. STATUTORY INFORMATION

Situ Plan 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

Going Concern
The financial statements have been prepared on a going concern basis. The Directors have reviewed and considered relevant information, including the annual budget and future cash flows in making their assessment. Based on these assessments, given the measures that could be undertaken to mitigate the current adverse conditions, and the current resources available, the Directors have concluded that they can continue to adopt the going concern basis in preparing the annual report and accounts..

Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of future receipts. The difference between the fair value of the consideration and the nominal amount is recognised as interest income.

Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures and fittings 33.33% straight line
Computers 33.33% & 10% straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Cash and cash equivalents
Cash and cash equivalents are basic financial instruments and include cash in hand, deposits held at call with banks, other short-term liquid investments with maturities of three months or less.

SITU PLAN LIMITED (REGISTERED NUMBER: 11075499)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2022


2. ACCOUNTING POLICIES - continued

Financial instruments
Financial assets and liabilities are recognised 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 are initially measured at transaction price.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank and short-term bank deposits with an original maturity of three months or less.

Loans and borrowings are classified as basic financial instruments and are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment.

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.

Foreign exchange
Transactions in currencies other than the functional currency (foreign exchange) are initially recorded at the exchange rate prevailing on the date of the transaction.

Monetary assets and liabilities denominated in foreign currencies are translated at the rate of exchange ruling at the reporting date. Non-monetary assets and liabilities denominated in foreign currencies are translated at the rate ruling at the date of the transaction, or, if the asset or liability is measured at fair value, the rate when that fair value was determined.

All translation differences are taken to profit or loss, except to the extent that they relate to gains or losses on non-monetary items recognised in other comprehensive income, when the related translation gain or loss is also recognised in other comprehensive income.

SITU PLAN LIMITED (REGISTERED NUMBER: 11075499)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2022


2. ACCOUNTING POLICIES - continued

Leases
Rentals payable under operating leases, including any lease incentives received, are recognised as an expense on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leased asset are consumed.

Retirement benefits
For defined contribution schemes the amount charged to the profit or loss is the contributions payable in the year. Differences between contributions payable in the year and contributions actually paid are shown as either accruals or prepayments.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2021 - 14 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold and Computer
property fittings equipment Totals
£ £ £ £
COST
At 1 January 2022 56,285 17,911 118,511 192,707
Additions 4,195 4,690 17,817 26,702
At 31 December 2022 60,480 22,601 136,328 219,409
DEPRECIATION
At 1 January 2022 9,226 13,063 90,873 113,162
Charge for year 11,376 3,843 12,496 27,715
At 31 December 2022 20,602 16,906 103,369 140,877
NET BOOK VALUE
At 31 December 2022 39,878 5,695 32,959 78,532
At 31 December 2021 47,059 4,848 27,638 79,545

5. DEBTORS
2022 2021
£ £
Amounts falling due within one year:
Trade debtors 616,874 1,028,576
Other debtors 222,381 287,972
839,255 1,316,548

SITU PLAN LIMITED (REGISTERED NUMBER: 11075499)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2022


5. DEBTORS - continued
2022 2021
£ £
Amounts falling due after more than one year:
Other debtors 46,513 46,513

Aggregate amounts 885,768 1,363,061

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£ £
Trade creditors 25,576 72,427
Taxation and social security 25,472 30,453
Other creditors 68,955 121,188
120,003 224,068

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2022 2021
£ £
Other creditors 2,478,234 2,013,378

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2022 2021
£ £
Within one year 77,522 77,522
Between one and five years 160,655 239,026
238,177 316,548

9. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 2022 2021
value: £ £
1,000 Share capital 1 £1 1,000 1,000

SITU PLAN LIMITED (REGISTERED NUMBER: 11075499)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2022


10. RESERVES
Retained
earnings
£

At 1 January 2022 (754,106 )
Deficit for the year (536,456 )
At 31 December 2022 (1,290,562 )

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2022 and 31 December 2021:

2022 2021
£ £
N D L Sweet
Balance outstanding at start of year - (3,500 )
Amounts repaid - 3,500
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -