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REGISTERED NUMBER: 04581281 (England and Wales)















Plan Investments Limited

Unaudited Financial Statements

for the Year Ended 31 December 2023






Plan Investments Limited (Registered number: 04581281)

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


Plan Investments Limited

Company Information
for the year ended 31 December 2023







Directors: S Georgiades
R Georgiades





Registered office: Prospero
73 London Road
Redhill
Surrey
RH1 1LQ





Registered number: 04581281 (England and Wales)





Accountants: Cooper Parry Advisory Limited
New Derwent House
69-73 Theobalds Road
London
WC1X 8TA

Plan Investments Limited (Registered number: 04581281)

Balance Sheet
31 December 2023

2023 2022
Notes £ £ £ £
Fixed assets
Tangible assets 4 1,489 1,986
Investments 5 100 -
Investment property 6 2,565,000 5,030,602
2,566,589 5,032,588

Current assets
Debtors 7 896,951 1,169
Cash at bank 209,930 16,092
1,106,881 17,261
Creditors
Amounts falling due within one year 8 711,501 668,498
Net current assets/(liabilities) 395,380 (651,237 )
Total assets less current liabilities 2,961,969 4,381,351

Creditors
Amounts falling due after more than one
year

9

(1,161,304

)

(2,378,175

)

Provisions for liabilities 11 (215,221 ) (416,968 )
Net assets 1,585,444 1,586,208

Capital and reserves
Called up share capital 12 101 100
Retained earnings 13 1,585,343 1,586,108
Shareholders' funds 1,585,444 1,586,208

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 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.

Plan Investments Limited (Registered number: 04581281)

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 Board of Directors and authorised for issue on 12 September 2024 and were signed on its behalf by:





R Georgiades - Director


Plan Investments Limited (Registered number: 04581281)

Notes to the Financial Statements
for the year ended 31 December 2023


1. Statutory information

Plan Investments 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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover comprises revenue recognised by the company in respect of rents receivable, exclusive of Value Added Tax and trade discount. Turnover is recognised on an accruals basis.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Office equipment - 25% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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.

Financial instruments
(i) Financial assets
Basic financial assets, including trade and other receivables and cash and bank balances, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Such assets are subsequently carried at amortised cost using the effective interest method.

Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) despite having retained some significant risks and rewards of ownership, control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.

(ii) Financial liabilities
Basic financial liabilities, including trade and other payables, bank loans and loans from fellow affiliate companies, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

Trade payables are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade payables are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.


Plan Investments Limited (Registered number: 04581281)

Notes to the Financial Statements - continued
for the year ended 31 December 2023


2. Accounting policies - continued
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.

3. Employees and directors

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

4. Tangible fixed assets
Office
equipment
£
Cost
At 1 January 2023
and 31 December 2023 92,721
Depreciation
At 1 January 2023 90,735
Charge for year 497
At 31 December 2023 91,232
Net book value
At 31 December 2023 1,489
At 31 December 2022 1,986

5. Fixed asset investments
Shares in
group
undertakings
£
Cost
Additions 100
At 31 December 2023 100
Net book value
At 31 December 2023 100

Plan Investments Limited (Registered number: 04581281)

Notes to the Financial Statements - continued
for the year ended 31 December 2023


6. Investment property
Total
£
Fair value
At 1 January 2023 5,030,602
Disposals (2,465,602 )
At 31 December 2023 2,565,000
Net book value
At 31 December 2023 2,565,000
At 31 December 2022 5,030,602

The fair value at year end is represented by cost of £1,569,116 and valuations of £995,884.

7. Debtors: amounts falling due within one year
2023 2022
£ £
Trade debtors 3,600 -
Amounts owed by group undertakings 892,540 -
Other debtors 811 1,169
896,951 1,169

8. Creditors: amounts falling due within one year
2023 2022
£ £
Trade creditors 9,279 6,195
Other creditors 702,222 662,303
711,501 668,498

9. Creditors: amounts falling due after more than one year
2023 2022
£ £
Bank loans 1,161,304 2,378,175

Amounts falling due in more than five years:

Repayable otherwise than by instalments
5 years by non-instalments 1,161,304 1,161,304

10. Secured debts

The mortgages are secured against the properties to which they relate.

A guarantee and debenture to Barclays Bank plc has been granted, on behalf of Plan Investments Limited, by companies under common control in order to facilitate the purchase of freehold properties.

Plan Investments Limited (Registered number: 04581281)

Notes to the Financial Statements - continued
for the year ended 31 December 2023


11. Provisions for liabilities
2023 2022
£ £
Deferred tax
Accelerated capital allowances - 497
Other timing differences 215,221 416,471
215,221 416,968

Deferred tax
£
Balance at 1 January 2023 416,968
Provided during year (201,747 )
Balance at 31 December 2023 215,221

12. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £ £
100 Ordinary A £1 100 100
1 Ordinary B £1 1 -
101 100

13. Reserves
Retained
earnings
£

At 1 January 2023 1,586,108
Deficit for the year (765 )
At 31 December 2023 1,585,343

14. Related party disclosures

Included in creditors is an amount of £667,630 (2022: £613,355) owed to companies under common control.