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REGISTERED NUMBER: 05135979 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2023

for

Plas Ella Properties Limited

Plas Ella Properties Limited (Registered number: 05135979)

Contents of the Financial Statements
for the Year Ended 31 May 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Plas Ella Properties Limited

Company Information
for the Year Ended 31 May 2023







DIRECTORS: E K Derwas
Ms E K Derwas





SECRETARY: Ms E K Derwas





REGISTERED OFFICE: Cross Chambers
High Street
Newtown
Powys
SY16 2NY





REGISTERED NUMBER: 05135979 (England and Wales)





ACCOUNTANTS: Morgan Griffiths LLP
Chartered Accountants
Cross Chambers
9 High Street
Newtown
Powys
SY16 2NY

Plas Ella Properties Limited (Registered number: 05135979)

Balance Sheet
31 May 2023

31.5.23 31.5.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 4,158 4,892
Investment property 6 1,300,000 1,300,000
1,304,158 1,304,892

CURRENT ASSETS
Debtors 7 13,146 18,077
Cash at bank 75,169 106,099
88,315 124,176
CREDITORS
Amounts falling due within one year 8 73,732 92,443
NET CURRENT ASSETS 14,583 31,733
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,318,741

1,336,625

PROVISIONS FOR LIABILITIES 137,374 137,557
NET ASSETS 1,181,367 1,199,068

CAPITAL AND RESERVES
Called up share capital 75 75
Share premium 454,861 454,861
Revaluation reserve 9 725,662 725,662
Retained earnings 769 18,470
SHAREHOLDERS' FUNDS 1,181,367 1,199,068

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 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.

Plas Ella Properties Limited (Registered number: 05135979)

Balance Sheet - continued
31 May 2023


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 14 February 2024 and were signed on its behalf by:





Ms E K Derwas - Director


Plas Ella Properties Limited (Registered number: 05135979)

Notes to the Financial Statements
for the Year Ended 31 May 2023


1. STATUTORY INFORMATION

Plas Ella Properties 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover represents rental income and recharges of services, excluding value added tax.

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

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

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.

4. EMPLOYEES AND DIRECTORS

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

Plas Ella Properties Limited (Registered number: 05135979)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023


5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2022
and 31 May 2023 8,144
DEPRECIATION
At 1 June 2022 3,252
Charge for year 734
At 31 May 2023 3,986
NET BOOK VALUE
At 31 May 2023 4,158
At 31 May 2022 4,892

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 June 2022
and 31 May 2023 1,300,000
NET BOOK VALUE
At 31 May 2023 1,300,000
At 31 May 2022 1,300,000

Fair value at 31 May 2023 is represented by:
£   
Valuation in 2022 861,996
Cost 438,004
1,300,000

If investment property had not been revalued it would have been included at the following historical cost:

31.5.23 31.5.22
£    £   
Cost 438,004 438,004

Investment property was valued on an open market basis on 31 May 2022 by The Directors .

Plas Ella Properties Limited (Registered number: 05135979)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023


7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Trade debtors 11,631 14,294
Other debtors 1,515 3,783
13,146 18,077

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Trade creditors 494 757
Taxation and social security 12,886 16,248
Other creditors 60,352 75,438
73,732 92,443

9. RESERVES
Revaluation
reserve
£   
At 1 June 2022
and 31 May 2023 725,662

10. ULTIMATE CONTROLLING PARTY

The controlling party is E K Derwas.