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REGISTERED NUMBER: 03835109 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Plandesigns Limited

Plandesigns Limited (Registered number: 03835109)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Plandesigns Limited

Company Information
for the Year Ended 31 December 2023







DIRECTOR: K Norris





SECRETARY: Mrs H Norris





REGISTERED OFFICE: 2 Gipsy Hill
London
SE19 1NL





REGISTERED NUMBER: 03835109 (England and Wales)





ACCOUNTANTS: Thornton Springer LLP
Chartered Accountants
67 Westow Street
London
United Kingdom
SE19 3RW

Plandesigns Limited (Registered number: 03835109)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £   
FIXED ASSETS
Investment property 5 6,180,093 4,832,352

CURRENT ASSETS
Debtors 6 76,288 60,000
Cash at bank and in hand 378,791 517,394
455,079 577,394
CREDITORS
Amounts falling due within one year 7 (85,422 ) (123,175 )
NET CURRENT ASSETS 369,657 454,219
TOTAL ASSETS LESS CURRENT
LIABILITIES

6,549,750

5,286,571

CREDITORS
Amounts falling due after more than one year 8 (158,481 ) (189,380 )

PROVISIONS FOR LIABILITIES (307,857 ) (225,665 )
NET ASSETS 6,083,412 4,871,526

CAPITAL AND RESERVES
Called up share capital 200 200
Fair value reserve 2,166,475 1,081,019
Retained earnings 3,916,737 3,790,307
SHAREHOLDERS' FUNDS 6,083,412 4,871,526

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

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

Plandesigns Limited (Registered number: 03835109)

Balance Sheet - continued
31 December 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 director and authorised for issue on 1 August 2024 and were signed by:





K Norris - Director


Plandesigns Limited (Registered number: 03835109)

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

1. STATUTORY INFORMATION

Plandesigns 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 recognition of certain financial assets and liabilities measured at fair value.

Turnover
Turnover represents rental income, excluding value added tax.

Investment property
Investment properties are initially recognised at cost which includes purchase cost and any directly attributable expenditure. Investment properties are measured at fair value. The surplus or deficit arising on the revaluation of investment properties at their fair values are recognised in the income statement.

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 2 (2022 - 2 ) .

Plandesigns Limited (Registered number: 03835109)

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

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023 4,832,352
Additions 180,093
Revaluations 1,167,648
At 31 December 2023 6,180,093
NET BOOK VALUE
At 31 December 2023 6,180,093
At 31 December 2022 4,832,352

The investment properties are valued annually by the directors on an open market existing use basis.

The historical cost of the investment properties amount to £3,705,761 (2022 - £3,525,668).

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 22,575 60,000
Other debtors 53,713 -
76,288 60,000

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 38,715 47,368
Taxation and social security 39,246 44,882
Other creditors 7,461 30,925
85,422 123,175

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Bank loans 158,481 189,380

Amounts falling due in more than five years:

Repayable by instalments
Bank loans over 5 years by instalments 38,000 58,576

Plandesigns Limited (Registered number: 03835109)

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

9. SECURED DEBTS

The following secured debts are included within creditors:

31.12.23 31.12.22
£    £   
Bank loans 197,196 236,748

The loan is secured by way of a first legal charge over the property purchased with those funds.