1 January 2023 false No description of principal activity Taxfiler 2024.5 10504352business:PrivateLimitedCompanyLtd2023-01-012023-12-31 105043522022-12-31 105043522023-01-012023-12-31 10504352business:AuditExempt-NoAccountantsReport2023-01-012023-12-31 10504352business:FilletedAccounts2023-01-012023-12-31 105043522023-12-31 10504352business:Director12023-01-012023-12-31 10504352business:RegisteredOffice2023-01-012023-12-31 105043522022-12-31 10504352core:WithinOneYear2023-12-31 10504352core:WithinOneYear2022-12-31 10504352core:AfterOneYear2023-12-31 10504352core:AfterOneYear2022-12-31 10504352core:ShareCapitalcore:PreviouslyStatedAmount2023-12-31 10504352core:ShareCapitalcore:PreviouslyStatedAmount2022-12-31 10504352core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-12-31 10504352core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-12-31 10504352core:PreviouslyStatedAmount2023-12-31 10504352core:PreviouslyStatedAmount2022-12-31 10504352business:SmallEntities2023-01-012023-12-31 10504352countries:EnglandWales2023-01-012023-12-31 10504352core:ComputerEquipment2023-01-012023-12-31 10504352core:IntangibleAssetsOtherThanGoodwill2022-12-31 10504352core:IntangibleAssetsOtherThanGoodwill2023-12-31 10504352core:IntangibleAssetsOtherThanGoodwill2023-01-012023-12-31 10504352core:ComputerEquipment2022-12-31 10504352core:ComputerEquipment2023-12-31 105043522022-01-012022-12-31 iso4217:GBP xbrli:pure
Company Registration No. 10504352 (England and Wales)
PLATINUM ESTATE INVESTMENT GROUP LTD Unaudited accounts for the year ended 31 December 2023
PLATINUM ESTATE INVESTMENT GROUP LTD Unaudited accounts Contents
Page
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PLATINUM ESTATE INVESTMENT GROUP LTD Company Information for the year ended 31 December 2023
Director
Oksana Golubtsova
Company Number
10504352 (England and Wales)
Registered Office
7 Bell Yard London WC2A 2JR
Accountants
Taxez 5 South Charlotte Street Edinburgh EH2 4AN
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PLATINUM ESTATE INVESTMENT GROUP LTD Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
- 
1 
Current assets
Debtors
- 
27,844 
Cash at bank and in hand
8,742 
45,089 
8,742 
72,933 
Creditors: amounts falling due within one year
(526,237)
(548,553)
Net current liabilities
(517,495)
(475,620)
Total assets less current liabilities
(517,495)
(475,619)
Creditors: amounts falling due after more than one year
(11,759)
(13,614)
Net liabilities
(529,254)
(489,233)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(529,354)
(489,333)
Shareholders' funds
(529,254)
(489,233)
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 23 August 2024 and were signed on its behalf by
Oksana Golubtsova Director Company Registration No. 10504352
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PLATINUM ESTATE INVESTMENT GROUP LTD Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
PLATINUM ESTATE INVESTMENT GROUP LTD is a private company, limited by shares, registered in England and Wales, registration number 10504352. The registered office is 7 Bell Yard, London, WC2A 2JR.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
33% Straight Line
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
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PLATINUM ESTATE INVESTMENT GROUP LTD Notes to the Accounts for the year ended 31 December 2023
4
Intangible fixed assets
Other 
£ 
Cost
At 1 January 2023
8,572 
At 31 December 2023
8,572 
Amortisation
At 1 January 2023
8,571 
Charge for the year
1 
At 31 December 2023
8,572 
Net book value
At 31 December 2023
- 
At 31 December 2022
1 
5
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 January 2023
2,898 
At 31 December 2023
2,898 
Depreciation
At 1 January 2023
2,898 
At 31 December 2023
2,898 
Net book value
At 31 December 2023
- 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
- 
192 
Other debtors
- 
27,652 
- 
27,844 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
- 
32 
Other creditors
135,000 
135,000 
Loans from directors
390,818 
413,102 
Accruals
419 
419 
526,237 
548,553 
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PLATINUM ESTATE INVESTMENT GROUP LTD Notes to the Accounts for the year ended 31 December 2023
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
11,759 
13,614 
9
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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