PLACECUBE LIMITED

Company Registration Number:
09914106 (England and Wales)

Unaudited statutory accounts for the year ended 31 December 2023

Period of accounts

Start date: 1 January 2023

End date: 31 December 2023

PLACECUBE LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2023

Balance sheet
Additional notes
Balance sheet notes

PLACECUBE LIMITED

Balance sheet

As at 31 December 2023

Notes 2023 2022


£

£
Fixed assets
Intangible assets: 3 2,058,881 2,065,973
Tangible assets: 4 31,470 29,965
Investments: 5 2,759,011 2,755,639
Total fixed assets: 4,849,362 4,851,577
Current assets
Debtors: 6 1,275,904 2,008,185
Cash at bank and in hand: 350,248 137,814
Total current assets: 1,626,152 2,145,999
Prepayments and accrued income: 0 0
Creditors: amounts falling due within one year: 7 ( 2,255,935 ) ( 2,286,741 )
Net current assets (liabilities): (629,783) (140,742)
Total assets less current liabilities: 4,219,579 4,710,835
Creditors: amounts falling due after more than one year: 8 ( 2,006,555 ) ( 2,074,946 )
Accruals and deferred income: ( 1,533,507 ) ( 1,660,524 )
Total net assets (liabilities): 679,517 975,365
Capital and reserves
Called up share capital: 1,882 1,882
Share premium account: 1,281,153 1,281,153
Profit and loss account: (603,518 ) (307,670 )
Total Shareholders' funds: 679,517 975,365

The notes form part of these financial statements

PLACECUBE LIMITED

Balance sheet statements

For the year ending 31 December 2023 the company was entitled to exemption 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 directors acknowledge their 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.

The directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 3 July 2024
and signed on behalf of the board by:

Name: Jason Fahy
Status: Director

The notes form part of these financial statements

PLACECUBE LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

PLACECUBE LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 31 30

PLACECUBE LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

3. Intangible assets

Goodwill Other Total
Cost £ £ £
At 1 January 2023 2,818,954 2,818,954
Additions 516,956 516,956
Disposals
Revaluations
Transfers
At 31 December 2023 3,335,910 3,335,910
Amortisation
At 1 January 2023 752,981 752,981
Charge for year 524,048 524,048
On disposals
Other adjustments
At 31 December 2023 1,277,029 1,277,029
Net book value
At 31 December 2023 2,058,881 2,058,881
At 31 December 2022 2,065,973 2,065,973

PLACECUBE LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

4. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 January 2023 59,777 59,777
Additions 16,387 16,387
Disposals
Revaluations
Transfers
At 31 December 2023 76,164 76,164
Depreciation
At 1 January 2023 29,812 29,812
Charge for year 14,882 14,882
On disposals
Other adjustments
At 31 December 2023 44,694 44,694
Net book value
At 31 December 2023 31,470 31,470
At 31 December 2022 29,965 29,965

PLACECUBE LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

5. Fixed assets investments note

The investment relates to 100% ownership of PFI Knowledge Solutions Limited (Reg No 04628701) and 100% ownership of Porism Limited (Reg No 02192915)

PLACECUBE LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

6. Debtors

2023 2022
£ £
Trade debtors 715,175 513,023
Prepayments and accrued income 334,131 533,352
Other debtors 226,598 961,810
Total 1,275,904 2,008,185

PLACECUBE LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

7. Creditors: amounts falling due within one year note

2023 2022
£ £
Trade creditors 1,940,691 2,096,293
Taxation and social security 197,362 180,695
Other creditors 117,882 9,753
Total 2,255,935 2,286,741

Trade creditors includes amounts due to other group companies, PFIKS (Reg No 04628701) £1,258,481 (2022 £1,257,669), and Porism Limited (Reg No 02192915) £361,588 (2022 £500,000).

PLACECUBE LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

8. Creditors: amounts falling due after more than one year note

2023 2022
£ £
Other creditors 2,006,555 2,074,946
Total 2,006,555 2,074,946

Total creditors due over 1 year as at December 2023 relates to loans from shareholders. Interest is payable at 6% from Nov 23 (previously 5%). Capital and interest are payable at the maturity date. At December 2022, £1,905,728 related to loans from shareholders.