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REGISTERED NUMBER: 12808448 (England and Wales)















Report of the Director and

Unaudited Consolidated Financial Statements for the Year Ended 31 December 2023

for

PLMD GROUP LTD

PLMD GROUP LTD (Registered number: 12808448)






Contents of the Consolidated Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Report of the Director 2

Consolidated Income Statement 3

Consolidated Balance Sheet 4

Company Balance Sheet 6

Consolidated Statement of Changes in Equity 8

Company Statement of Changes in Equity 9

Notes to the Consolidated Financial Statements 10


PLMD GROUP LTD

Company Information
for the Year Ended 31 December 2023







DIRECTOR: Ajay Kapur





REGISTERED OFFICE: 30 Penny Brookes Street
London
E15 1GP





REGISTERED NUMBER: 12808448 (England and Wales)





ACCOUNTANTS: AITA LTD
Accountants & Tax Advisor
837 Cranbrook Road
Ilford
England
IG6 1JD

PLMD GROUP LTD (Registered number: 12808448)

Report of the Director
for the Year Ended 31 December 2023

The director presents his report with the financial statements of the company and the group for the year ended 31 December 2023.

PRINCIPAL ACTIVITY
The principal activity of the group in the year under review was that of Holding Company

DIRECTOR
Ajay Kapur held office during the whole of the period from 1 January 2023 to the date of this report.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





Ajay Kapur - Director


27 September 2024

PLMD GROUP LTD (Registered number: 12808448)

Consolidated Income Statement
for the Year Ended 31 December 2023

31.12.23 31.12.22
Notes £    £   

TURNOVER 1,394,725 1,350,892

Cost of sales 91,244 206,625
GROSS PROFIT 1,303,481 1,144,267

Administrative expenses 1,160,866 1,002,135
142,615 142,132

Other operating income 17,498 3,545
Gain/loss on revaluation of investment
property

25,438

348,802
OPERATING PROFIT and
PROFIT BEFORE TAXATION 185,551 494,479

Tax on profit 6 33,557 353,894
PROFIT FOR THE FINANCIAL YEAR 151,994 140,585

Profit attributable to:
Owners of the parent 151,994 140,585

PLMD GROUP LTD (Registered number: 12808448)

Consolidated Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 8 6,893 8,995
Investments 9 - -
Investment property 10 22,507,572 22,020,983
22,514,465 22,029,978

CURRENT ASSETS
Debtors 11 1,049,960 1,413,683
Cash at bank and in hand 39,808 14,527
1,089,768 1,428,210
CREDITORS
Amounts falling due within one year 12 1,297,797 2,448,085
NET CURRENT LIABILITIES (208,029 ) (1,019,875 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

22,306,436

21,010,103

CREDITORS
Amounts falling due after more than
one year

13

(16,149,425

)

(15,058,318

)

PROVISIONS FOR LIABILITIES (943,107 ) (861,145 )
NET ASSETS 5,213,904 5,090,640

PLMD GROUP LTD (Registered number: 12808448)

Consolidated Balance Sheet - continued
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 1,149,254 1,148,254
Share premium 15 338,679 317,592
Other reserves 15 (159,268 ) -
Fair value reserve 15 3,779,653 3,671,202
Retained earnings 15 105,586 (46,408 )
5,213,904 5,090,640

The company and the group are 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 and the group 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 group 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 and the group as at the end of each financial year and of the group's 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 and the group.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

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





Ajay Kapur - Director


PLMD GROUP LTD (Registered number: 12808448)

Company Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 8 - -
Investments 9 1,125,966 1,125,966
Investment property 10 - -
1,125,966 1,125,966

CURRENT ASSETS
Debtors 11 41,000 -
Cash in hand 800 800
41,800 800
NET CURRENT ASSETS 41,800 800
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,167,766

1,126,766

CAPITAL AND RESERVES
Called up share capital 1,127,766 1,126,766
Retained earnings 40,000 -
1,167,766 1,126,766

Company's profit for the financial year 40,000 -

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.

PLMD GROUP LTD (Registered number: 12808448)

Company Balance Sheet - continued
31 December 2023


The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

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





Ajay Kapur - Director


PLMD GROUP LTD (Registered number: 12808448)

Consolidated Statement of Changes in Equity
for the Year Ended 31 December 2023

Called up
share Retained Share
capital earnings premium
£    £    £   
Balance at 1 January 2022 1,126,766 (186,993 ) -

Changes in equity
Issue of share capital 21,488 - 317,592
Total comprehensive income - 140,585 -
Balance at 31 December 2022 1,148,254 (46,408 ) 317,592

Changes in equity
Issue of share capital 1,000 - 21,087
Total comprehensive income - 151,994 -
Balance at 31 December 2023 1,149,254 105,586 338,679
Fair
Other value Total
reserves reserve equity
£    £    £   
Balance at 1 January 2022 - 2,184,198 3,123,971

Changes in equity
Issue of share capital - - 339,080
Total comprehensive income - 1,487,004 1,627,589
Balance at 31 December 2022 - 3,671,202 5,090,640

Changes in equity
Issue of share capital - - 22,087
Total comprehensive income (159,268 ) 108,451 101,177
Balance at 31 December 2023 (159,268 ) 3,779,653 5,213,904

PLMD GROUP LTD (Registered number: 12808448)

Company Statement of Changes in Equity
for the Year Ended 31 December 2023

Called up
share Retained Total
capital earnings equity
£    £    £   
Balance at 1 January 2022 1,126,766 - 1,126,766

Changes in equity
Balance at 31 December 2022 1,126,766 - 1,126,766

Changes in equity
Issue of share capital 1,000 - 1,000
Total comprehensive income - 40,000 40,000
Balance at 31 December 2023 1,127,766 40,000 1,167,766

PLMD GROUP LTD (Registered number: 12808448)

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

1. STATUTORY INFORMATION

PLMD GROUP LTD 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 General Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets. The accounts have been prepared on the going concern basis as the director is of the opinion that the group will meet its liabilities as and when due, due to the continued support of the director.

Basis of consolidation
The consolidated financial statements include the financial statements of the company and its subsidiary undertakings made up to 31 December 2023. A subsidiary is an entity that is controlled by the parent. The results of subsidiary undertakings are included in the consolidated profit and loss account from the date that control commences until the date that control ceases. Control is established when the company has the power to govern the operating and financial policies of an entity so as to obtain benefits from activities. In assessing control, the group takes into consideration potential voting rights that are currently exercisable.
In the parent financial statements, investments in subsidiaries are carried at cost less impairment.

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.

Transactions between group entities which have been eliminated on consolidation are not disclosed within the financial statements.

Short term debtors & creditors
Short term debtors and creditors with no stated interest rate are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

PLMD GROUP LTD (Registered number: 12808448)

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

3. ACCOUNTING POLICIES - continued

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 - 20% on reducing balance

Fixtures and fittings - 20% on reducing balance

Computer equipment - 20% on reducing balance

Investment property
Investment properties are properties held to earn rentals and for capital appreciation. Investment properties are initially measured at cost, including transaction costs. Subsequently investment properties are measured at fair value. Gains and losses arising from changes in the fair value of investment properties are included in profit or loss in the period in which they arise.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Consolidated 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.

Loans and borrowings
Loans and borrowings are initially recognised at the transaction price including transactions costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment.

Investments
Investments are stated at cost less provision for diminution in value.

PLMD GROUP LTD (Registered number: 12808448)

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

3. ACCOUNTING POLICIES - continued

Going concern
The total current liabilities exceeds the total assets of the company as at 31st Dec 2023. The director has confirmed that the company will have continuous support from the creditors. It is on this basis Accounts have been prepared on the going concern basis.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2022 - 8 ) .

31.12.23 31.12.22
£    £   
Director's remuneration - -

5. OPERATING PROFIT

The operating profit is stated after charging:

31.12.23 31.12.22
£    £   
Depreciation - owned assets 2,102 1,452

6. TAXATION

Analysis of the tax charge
The tax charge on the profit for the year was as follows:
31.12.23 31.12.22
£    £   
Current tax:
UK corporation tax 8,119 5,092

Deferred tax 25,438 348,802
Tax on profit 33,557 353,894

7. INDIVIDUAL INCOME STATEMENT

As permitted by Section 408 of the Companies Act 2006, the Income Statement of the parent company is not presented as part of these financial statements.


PLMD GROUP LTD (Registered number: 12808448)

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

8. TANGIBLE FIXED ASSETS

Group
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 January 2023
and 31 December 2023 1,577 21,284 3,000 2,331 28,192
DEPRECIATION
At 1 January 2023 606 16,758 1,833 - 19,197
Charge for year 963 906 233 - 2,102
At 31 December 2023 1,569 17,664 2,066 - 21,299
NET BOOK VALUE
At 31 December 2023 8 3,620 934 2,331 6,893
At 31 December 2022 971 4,526 1,167 2,331 8,995

9. FIXED ASSET INVESTMENTS

Company
Shares in
group
undertakings
£   
COST
At 1 January 2023
and 31 December 2023 1,125,966
NET BOOK VALUE
At 31 December 2023 1,125,966
At 31 December 2022 1,125,966


PLMD GROUP LTD (Registered number: 12808448)

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

10. INVESTMENT PROPERTY

Group
Total
£   
FAIR VALUE
At 1 January 2023 22,020,983
Additions 352,705
Revaluations 133,884
At 31 December 2023 22,507,572
NET BOOK VALUE
At 31 December 2023 22,507,572
At 31 December 2022 22,020,983

Fair value at 31 December 2023 is represented by:
£   
Valuation in 2023 22,507,572

11. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Group Company
31.12.23 31.12.22 31.12.23 31.12.22
£    £    £    £   
Trade debtors 985,359 1,344,309 - -
Amounts owed by group undertakings - - 40,000 -
Other debtors 63,601 69,374 - -
Called up share capital not paid 1,000 - 1,000 -
1,049,960 1,413,683 41,000 -

PLMD GROUP LTD (Registered number: 12808448)

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

12. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Group
31.12.23 31.12.22
£    £   
Other loans 151,489 69,117
Trade creditors 1,078,173 1,369,556
Amounts owed to associates 84 -
Social security and other taxes - 251,337
VAT 68,051 -
Other creditors - 758,075
1,297,797 2,448,085

13. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR

Group
31.12.23 31.12.22
£    £   
Bank loans - 1-2 years 14,599,834 14,097,229
Other loans - 1-2 years 1,022,147 311,089
Social security and other taxes 276,984 150,000
Other creditors 250,460 500,000
16,149,425 15,058,318

14. SECURED DEBTS

The following secured debts are included within creditors:

Group
31.12.23 31.12.22
£    £   
Bank loans 14,599,834 14,097,229

PLMD GROUP LTD (Registered number: 12808448)

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

15. RESERVES

Group
Fair
Retained Share Other value
earnings premium reserves reserve Totals
£    £    £    £    £   

At 1 January 2023 (46,408 ) 317,592 - 3,671,202 3,942,386
Profit for the year 151,994 151,994
Cash share issue - 21,087 (159,268 ) 108,451 (29,730 )
At 31 December 2023 105,586 338,679 (159,268 ) 3,779,653 4,064,650


16. RELATED PARTY DISCLOSURES

During the year, total dividends of £40,000 were paid to the director .

At the balance sheet date, the group owed £1,022,147 to Mr Ajay Kapur, the director.