IRIS Accounts Production v23.2.0.158 05043801 director 1.3.22 28.2.23 28.2.23 0 0 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh050438012022-02-28050438012023-02-28050438012022-03-012023-02-28050438012021-02-28050438012021-03-012022-02-28050438012022-02-2805043801ns10:Originalns15:EnglandWales2022-03-012023-02-2805043801ns14:PoundSterlingns10:Original2022-03-012023-02-2805043801ns10:Originalns10:Director12022-03-012023-02-2805043801ns10:Original2022-03-012023-02-2805043801ns10:Original2023-02-2805043801ns10:Originalns10:PrivateLimitedCompanyLtd2022-03-012023-02-2805043801ns10:Originalns10:SmallEntities2022-03-012023-02-2805043801ns10:Originalns10:AuditExempt-NoAccountantsReport2022-03-012023-02-2805043801ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-03-012023-02-2805043801ns10:SmallCompaniesRegimeForAccountsns10:Original2022-03-012023-02-2805043801ns10:Originalns10:FullAccounts2022-03-012023-02-2805043801ns10:Original2021-03-012022-02-2805043801ns10:Originalns10:OrdinaryShareClass12022-03-012023-02-2805043801ns10:CompanySecretary1ns10:Original2022-03-012023-02-2805043801ns10:Originalns10:RegisteredOffice2022-03-012023-02-2805043801ns10:Original2022-02-2805043801ns10:Originalns5:CurrentFinancialInstruments2023-02-2805043801ns10:Originalns5:CurrentFinancialInstruments2022-02-2805043801ns5:ShareCapitalns10:Original2023-02-2805043801ns5:ShareCapitalns10:Original2022-02-2805043801ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-02-2805043801ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-02-2805043801ns10:Originalns5:PlantMachinery2022-02-2805043801ns10:Originalns5:PlantMachinery2022-03-012023-02-2805043801ns10:Originalns5:PlantMachinery2023-02-2805043801ns10:Originalns5:PlantMachinery2022-02-2805043801ns10:Originalns5:CostValuation2022-02-2805043801ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-02-2805043801ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-02-2805043801ns10:Originalns10:OrdinaryShareClass12023-02-28
REGISTERED NUMBER: 05043801 (England and Wales)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2023

FOR

PROPLAN INTERNATIONAL LIMITED

PROPLAN INTERNATIONAL LIMITED (REGISTERED NUMBER: 05043801)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 28 February 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


PROPLAN INTERNATIONAL LIMITED

COMPANY INFORMATION
for the Year Ended 28 February 2023







DIRECTOR: K Haugen





SECRETARY: A Haugen





REGISTERED OFFICE: 1A Cobham Mews
Agar Grove
London
NW1 9SB





REGISTERED NUMBER: 05043801 (England and Wales)





ACCOUNTANTS: Oury Clark Chartered Accountants
Herschel House
58 Herschel Street
Slough
Berkshire
SL1 1PG

PROPLAN INTERNATIONAL LIMITED (REGISTERED NUMBER: 05043801)

BALANCE SHEET
28 February 2023

28.2.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,282 2,878
Investments 5 26,470 26,470
27,752 29,348

CURRENT ASSETS
Debtors 6 22,213 21,231
Cash at bank 12,787 50,452
35,000 71,683
CREDITORS
Amounts falling due within one year 7 15,063 42,780
NET CURRENT ASSETS 19,937 28,903
TOTAL ASSETS LESS CURRENT
LIABILITIES

47,689

58,251

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 47,589 58,151
SHAREHOLDERS' FUNDS 47,689 58,251

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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 17 November 2023 and were signed by:




K Haugen - Director


PROPLAN INTERNATIONAL LIMITED (REGISTERED NUMBER: 05043801)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 28 February 2023

1. STATUTORY INFORMATION

Proplan International 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.

After making enquiries, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence and meet its liabilities as they fall due for the foreseeable future, being a period of at least twelve months and one day from the date these financial statements were approved. Accordingly they continue to adopt the going concern basis in preparing the 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Fixtures and fittings - Straight-line over 3 years

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 currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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

PROPLAN INTERNATIONAL LIMITED (REGISTERED NUMBER: 05043801)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 28 February 2023

2. ACCOUNTING POLICIES - continued

Financial instruments
Basic Financial Instruments as covered by Section 11 of FRS102 are measured at amortised cost. The company does not have any Other Financial Instruments as covered by Section 12 of FRS102.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2022
and 28 February 2023 12,086
DEPRECIATION
At 1 March 2022 9,208
Charge for year 1,596
At 28 February 2023 10,804
NET BOOK VALUE
At 28 February 2023 1,282
At 28 February 2022 2,878

5. FIXED ASSET INVESTMENTS
Interest
in joint
venture
£   
COST
At 1 March 2022
and 28 February 2023 26,470
NET BOOK VALUE
At 28 February 2023 26,470
At 28 February 2022 26,470

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Trade debtors 12,289 12,862
Other debtors 9,924 8,369
22,213 21,231

PROPLAN INTERNATIONAL LIMITED (REGISTERED NUMBER: 05043801)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 28 February 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Trade creditors 4,822 6,428
Taxation and social security 5,826 30,570
Other creditors & accruals 4,415 5,782
15,063 42,780

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 28.2.23 28.2.22
value: £    £   
100 Ordinary £1 100 100

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is K Haugen.