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Company Registration No. 09378518 (England and Wales)
Platinum Financial Planning & Ifa Limited Unaudited accounts for the year ended 31 March 2024
Platinum Financial Planning & Ifa Limited Unaudited accounts Contents
Page
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Platinum Financial Planning & Ifa Limited Company Information for the year ended 31 March 2024
Director
D A Homatenos
Secretary
N A R Winckless
Company Number
09378518 (England and Wales)
Registered Office
2-4 Stoneleigh Park Road Epsom Surrey KT19 0QT United Kingdom
Accountants
Sloane Winckless & Co Chartered Accountants 2-4 Stoneleigh Park Road Epsom Surrey KT19 0QT
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Platinum Financial Planning & Ifa Limited Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
432 
576 
Current assets
Debtors
91,430 
1,432 
Cash at bank and in hand
38,692 
134,025 
130,122 
135,457 
Net current assets
130,122 
135,457 
Total assets less current liabilities
130,554 
136,033 
Creditors: amounts falling due after more than one year
(18,230)
(27,076)
Provisions for liabilities
Deferred tax
(86)
(115)
Net assets
112,238 
108,842 
Capital and reserves
Called up share capital
30,000 
30,000 
Profit and loss account
82,238 
78,842 
Shareholders' funds
112,238 
108,842 
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 27 April 2024 and were signed on its behalf by
D A Homatenos Director Company Registration No. 09378518
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Platinum Financial Planning & Ifa Limited Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
Platinum Financial Planning & Ifa Limited is a private company, limited by shares, registered in England and Wales, registration number 09378518. The registered office is 2-4 Stoneleigh Park Road, , Epsom, Surrey, KT19 0QT, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Revenue recognition
Revenue is measured at the fair value of the consideration received or receivable. Revenue is reduced for estimated customer returns, rebates and other similar allowances.
Depreciation
Depreciation is calculated using the rates to reduce by annual instalments the cost of the tangible assets over their estimated useful lives as follows:-
Fixtures & fittings
25% per annum on a reducing balance basis
Deferred taxation
Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. The company's liability for current tax is calculated using tax rates that have been enacted.
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Platinum Financial Planning & Ifa Limited Notes to the Accounts for the year ended 31 March 2024
4
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 April 2023
5,752 
At 31 March 2024
5,752 
Depreciation
At 1 April 2023
5,176 
Charge for the year
144 
At 31 March 2024
5,320 
Net book value
At 31 March 2024
432 
At 31 March 2023
576 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Other debtors
91,430 
1,432 
6
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Other creditors
9,666 
14,377 
Taxes and social security
8,564 
12,699 
18,230 
27,076 
7
Transactions with related parties
Mr. D.A. Homatenos, the director of the company, owns 100% of the issued share capital. At the balance sheet date, Mr. Homatenos was owed £1,040 (2023 - £780) by the company. Dividends were paid during the year:- D.A. Homatenos - £33,000 (2023 - £44,000)
8
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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