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REGISTERED NUMBER: 01404201 (England and Wales)















PLANPOINT LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2023






PLANPOINT LIMITED (REGISTERED NUMBER: 01404201)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PLANPOINT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST DECEMBER 2023







DIRECTOR: P Maddock





REGISTERED OFFICE: Blue Door Primrose Green
Raglan
Usk
Monmouthshire
NP15 2DU





REGISTERED NUMBER: 01404201 (England and Wales)





ACCOUNTANTS: Green & Co
Chartered Certified Accountants
Pembroke House
Llantarnam Park Way
Cwmbran
Torfaen
NP44 3AU

PLANPOINT LIMITED (REGISTERED NUMBER: 01404201)

BALANCE SHEET
31ST DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,608,414 2,619,703

CURRENT ASSETS
Debtors 5 37,435 23,872
Cash at bank 78,331 80,932
115,766 104,804
CREDITORS
Amounts falling due within one year 6 779,216 836,148
NET CURRENT LIABILITIES (663,450 ) (731,344 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,944,964

1,888,359

CREDITORS
Amounts falling due after more than one
year

7

(881,090

)

(895,190

)

PROVISIONS FOR LIABILITIES (39,344 ) -
NET ASSETS 1,024,530 993,169

CAPITAL AND RESERVES
Called up share capital 8 100 100
Revaluation reserve 9 108,528 108,528
Retained earnings 915,902 884,541
SHAREHOLDERS' FUNDS 1,024,530 993,169

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

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

PLANPOINT LIMITED (REGISTERED NUMBER: 01404201)

BALANCE SHEET - continued
31ST 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 Profit and Loss has not been delivered.

The financial statements were approved by the director and authorised for issue on 27th August 2024 and were signed by:





P Maddock - Director


PLANPOINT LIMITED (REGISTERED NUMBER: 01404201)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2023

1. STATUTORY INFORMATION

Planpoint 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.

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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 20% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss, 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

PLANPOINT LIMITED (REGISTERED NUMBER: 01404201)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold and Motor
property fittings vehicles Totals
£    £    £    £   
COST
At 1st January 2023 2,536,789 147,977 7,137 2,691,903
Additions - 1,350 - 1,350
At 31st December 2023 2,536,789 149,327 7,137 2,693,253
DEPRECIATION
At 1st January 2023 - 67,083 5,117 72,200
Charge for year - 12,235 404 12,639
At 31st December 2023 - 79,318 5,521 84,839
NET BOOK VALUE
At 31st December 2023 2,536,789 70,009 1,616 2,608,414
At 31st December 2022 2,536,789 80,894 2,020 2,619,703

Included within the net book value of Freehold land and buildings are investment properties which have been valued by Mr P Maddock, the company director, based on original cost, which in the opinion of Mr P Maddock is not materially different to the current market value.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 32,167 21,322
Other debtors 3,741 -
VAT 1,527 2,550
37,435 23,872

PLANPOINT LIMITED (REGISTERED NUMBER: 01404201)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 6,600 6,600
Trade creditors 681 8,623
Amounts owed to group undertakings 593,452 649,449
Corporation Tax 49,681 23,557
Social security and other taxes 396 -
Other creditors 6,700 15,700
Directors' current accounts 104,491 123,371
Accruals and deferred income 17,215 8,848
779,216 836,148

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2023 2022
£    £   
Bank Loans - > 1 Year 881,090 895,190

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

9. RESERVES
Revaluation
reserve
£   
At 1st January 2023
and 31st December 2023 108,528

10. RELATED PARTY DISCLOSURES

The company had an outstanding directors loan account at the year end due to Mr P Maddock of £104,491 (2022 - £123,371).