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Registration number: 11341204

Poplars Group (UK) Limited

Unaudited Financial Statements

for the Year Ended 30 November 2023

 

Poplars Group (UK) Limited

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 5

 

Poplars Group (UK) Limited

(Registration number: 11341204)
Balance Sheet as at 30 November 2023

Note

2023
£

2022
£

Fixed assets

 

Investments

4

104

4

Current assets

 

Debtors

5

4,566

398

Cash at bank and in hand

 

6,021

402

 

10,587

800

Creditors: Amounts falling due within one year

6

(6,506)

(800)

Net current assets

 

4,081

-

Net assets

 

4,185

4

Capital and reserves

 

Called up share capital

200

2

Retained earnings

3,985

2

Shareholders' funds

 

4,185

4

For the financial year ending 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 19 August 2024
 

.........................................
T Potter
Director

 

Poplars Group (UK) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Unit 1
Cam Centre
Wilbury Way
Hitchin
Hertfordshire
SG4 0TW
United Kingdom

The principal place of business is:
78 Water End,
Maulden,
Bedford, MK45 2BB

These financial statements were authorised for issue by the director on 19 August 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention.

The financial statements are prepared in sterling, which is the functional currency of the entity.

The company did not trade during the year only received dividends from its wholly owned subsidiary.

Group accounts not prepared

The group comprises a small group and has therefore applied the exemption not to prepare group accounts on the basis of its size. .

Going concern

The financial statements have been prepared on a going concern basis.

 

Poplars Group (UK) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

Judgements

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Investments

Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment. These respresent shares in wholly owned subsidiaries.

Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2022 - 1).

4

Investments

2023
£

2022
£

Investments in subsidiaries

104

4

All investments comprise wholly owned subsidiaries, all are incorporated in the United Kingdom.

 

Poplars Group (UK) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

5

Debtors

Note

2023
£

2022
£

Amounts owed by group undertakings and undertakings in which the company has a participating interest

9

4,468

398

Other debtors

 

98

-

 

4,566

398

6

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Amounts owed to group undertakings and undertakings in which the company has a participating interest

9

5,656

-

Accruals and deferred income

 

850

800

 

6,506

800

7

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary shares of £1 each

200

200

2

2

         

During the year the company alloted 198 Ordinary £1 shares as part of its group restructuring.

8

Dividends

Interim dividends paid

2023
£

2022
£

Interim dividend of £53,000.00 (2022 - £43,000.00) per each Interim dividend £1 Ordinary Share

106,000

86,000

 

 
 

Poplars Group (UK) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

9

Related party transactions

At the balance sheet date the company was owed £4,468 (2022: £398) by Poplars Construction Limited, and owed £5,656 (2022: nil) by Poplars Developments (UK) Limited, both wholly owned subsidiaries. The amount are repayable on demand and no interest is being charged.