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REGISTERED NUMBER: 11189610 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Planet League Ventures Limited

Planet League Ventures Limited (Registered number: 11189610)






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


Planet League Ventures Limited

Company Information
for the Year Ended 31 December 2023







DIRECTOR: J Atkins





REGISTERED OFFICE: Bank House
Southwick Square
Southwick
West Sussex
BN42 4FN





REGISTERED NUMBER: 11189610 (England and Wales)





ACCOUNTANTS: Style Accountants Limited
Bank House
Southwick Square
Southwick
West Sussex
BN42 4FN

Planet League Ventures Limited (Registered number: 11189610)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 361
Investments 5 35,158 35,158
35,158 35,519

CURRENT ASSETS
Stocks 500,000 500,000
Debtors 6 5,384 6,674
Cash at bank 3,605 2,899
508,989 509,573
CREDITORS
Amounts falling due within one year 7 56,392 63,549
NET CURRENT ASSETS 452,597 446,024
TOTAL ASSETS LESS CURRENT
LIABILITIES

487,755

481,543

CREDITORS
Amounts falling due after more than one
year

8

1,760,364

1,331,618
NET LIABILITIES (1,272,609 ) (850,075 )

CAPITAL AND RESERVES
Called up share capital 281 281
Retained earnings (1,272,890 ) (850,356 )
SHAREHOLDERS' FUNDS (1,272,609 ) (850,075 )

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.

Planet League Ventures Limited (Registered number: 11189610)

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 6 September 2024 and were signed by:





J Atkins - Director


Planet League Ventures Limited (Registered number: 11189610)

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

1. STATUTORY INFORMATION

Planet League Ventures 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.
Plant and machinery etc - 50% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

Planet League Ventures Limited (Registered number: 11189610)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023
and 31 December 2023 1,082
DEPRECIATION
At 1 January 2023 721
Charge for year 361
At 31 December 2023 1,082
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 361

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 January 2023
and 31 December 2023 35,158
NET BOOK VALUE
At 31 December 2023 35,158
At 31 December 2022 35,158

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Other debtors 5,384 6,674

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 497 -
Trade creditors 4,124 30,434
Taxation and social security 27,782 9,142
Other creditors 23,989 23,973
56,392 63,549

Planet League Ventures Limited (Registered number: 11189610)

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

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.12.23 31.12.22
£    £   
Amounts owed to group undertakings 1,760,364 1,331,618