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REGISTERED NUMBER: 13043632 (England and Wales)















Director's Report and

Unaudited Consolidated Financial Statements for the Year Ended 31 December 2023

for

Plmd Estates Ltd

Plmd Estates Ltd (Registered number: 13043632)






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




Page

Company Information 1

Director's Report 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 Estates Ltd

Company Information
for the Year Ended 31 December 2023







DIRECTOR: Ajay Kapur





REGISTERED OFFICE: 30 Penny Brookes Street
London
E15 1GP





REGISTERED NUMBER: 13043632 (England and Wales)





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

Plmd Estates Ltd (Registered number: 13043632)

Director's Report
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 Property Investment

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


24 September 2024

Plmd Estates Ltd (Registered number: 13043632)

Consolidated
Income Statement
for the Year Ended 31 December 2023

31.12.23 31.12.22
Notes £    £   

TURNOVER 832,748 818,559

Cost of sales (30,000 ) (84,000 )
GROSS PROFIT 802,748 734,559

Administrative expenses (753,510 ) (569,407 )
49,238 165,152

Other operating income 15,113 762
Gain/loss on revaluation of investment
property

25,438

348,802
OPERATING PROFIT and
PROFIT BEFORE TAXATION 89,789 514,716

Tax on profit 6 (31,785 ) (352,507 )
PROFIT FOR THE FINANCIAL YEAR 58,004 162,209

Profit attributable to:
Owners of the parent 58,004 162,209

Plmd Estates Ltd (Registered number: 13043632)

Consolidated Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £   
FIXED ASSETS
Tangible assets 8 1,651 2,064
Investments 9 - -
Investment property 10 22,508,040 22,020,983
22,509,691 22,023,047

CURRENT ASSETS
Debtors 11 538,998 396,686
Cash in hand 1,794 13,610
540,792 410,296
CREDITORS
Amounts falling due within one year 12 (1,189,337 ) (1,578,029 )
NET CURRENT LIABILITIES (648,545 ) (1,167,733 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

21,861,146

20,855,314

CREDITORS
Amounts falling due after more than
one year

13

(15,591,251

)

(14,848,857

)

PROVISIONS FOR LIABILITIES 15 (1,076,310 ) (861,145 )
NET ASSETS 5,193,585 5,145,312

Plmd Estates Ltd (Registered number: 13043632)

Consolidated Balance Sheet - continued
31 December 2023

31.12.23 31.12.22
Notes £    £   
CAPITAL AND RESERVES
Called up share capital 1,146,746 1,146,746
Share premium 338,679 317,592
Other reserves (20,000 ) -
Fair value reserve 16 3,779,652 3,671,202
Retained earnings (51,492 ) 9,772
5,193,585 5,145,312

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 24 September 2024 and were signed by:





Ajay Kapur - Director


Plmd Estates Ltd (Registered number: 13043632)

Company Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £   
FIXED ASSETS
Tangible assets 8 - -
Investments 9 1,124,357 1,124,357
Investment property 10 - -
1,124,357 1,124,357

CURRENT ASSETS
Cash in hand 100 100
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,124,457

1,124,457

CAPITAL AND RESERVES
Called up share capital 1,124,457 1,124,457
Other reserves (20,000 ) -
Retained earnings 20,000 -
1,124,457 1,124,457

Company's profit for the financial year 20,000 -

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 Estates Ltd (Registered number: 13043632)

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 24 September 2024 and were signed by:





Ajay Kapur - Director


Plmd Estates Ltd (Registered number: 13043632)

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 - (152,437 ) -

Changes in equity
Issue of share capital 1,146,746 - 317,592
Total comprehensive income - 162,209 -
Balance at 31 December 2022 1,146,746 9,772 317,592

Changes in equity
Issue of share capital - - 21,087
Total comprehensive income - (61,264 ) -
Balance at 31 December 2023 1,146,746 (51,492 ) 338,679
Fair
Other value Total
reserves reserve equity
£    £    £   
Balance at 1 January 2022 - 2,184,198 2,031,761

Changes in equity
Issue of share capital - - 1,464,338
Total comprehensive income - 1,487,004 1,649,213
Balance at 31 December 2022 - 3,671,202 5,145,312

Changes in equity
Issue of share capital - - 21,087
Total comprehensive income (20,000 ) 108,450 27,186
Balance at 31 December 2023 (20,000 ) 3,779,652 5,193,585

Plmd Estates Ltd (Registered number: 13043632)

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

Called up
share Retained Other Total
capital earnings reserves equity
£    £    £    £   

Changes in equity
Issue of share capital 1,124,457 - - 1,124,457
Balance at 31 December 2022 1,124,457 - - 1,124,457

Changes in equity
Total comprehensive income - 20,000 (20,000 ) -
Balance at 31 December 2023 1,124,457 20,000 (20,000 ) 1,124,457

Plmd Estates Ltd (Registered number: 13043632)

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

1. STATUTORY INFORMATION

Plmd Estates 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 and 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 Estates Ltd (Registered number: 13043632)

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.

Fixtures and fittings - 20% on reducing balance

Motor vehicles - 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 Estates Ltd (Registered number: 13043632)

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 1 (2022 - 1 ) .

The average number of employees by undertakings that were proportionately consolidated during the year was NIL (2022 - NIL).

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 413 516

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 6,347 3,705

Deferred tax 25,438 348,802
Tax on profit 31,785 352,507

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 Estates Ltd (Registered number: 13043632)

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

8. TANGIBLE FIXED ASSETS

Group
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 January 2023
and 31 December 2023 4,169 3,000 7,169
DEPRECIATION
At 1 January 2023 3,272 1,833 5,105
Charge for year 180 233 413
At 31 December 2023 3,452 2,066 5,518
NET BOOK VALUE
At 31 December 2023 717 934 1,651
At 31 December 2022 897 1,167 2,064

9. FIXED ASSET INVESTMENTS

Company
Shares in
group
undertakings
£   
COST
At 1 January 2023
and 31 December 2023 1,124,357
NET BOOK VALUE
At 31 December 2023 1,124,357
At 31 December 2022 1,124,357

Plmd Estates Ltd (Registered number: 13043632)

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

9. FIXED ASSET INVESTMENTS - continued

The group or the company's investments at the Balance Sheet date in the share capital of companies include the following:

Subsidiaries

AUMD LTD
Registered office: England
Nature of business: Property investment
%
Class of shares: holding
Ordinary 100.00

BFMD LTD
Registered office: England
Nature of business: Property investment
%
Class of shares: holding
Ordinary 100.00

BPMD LTD
Registered office: England
Nature of business: Property investment
%
Class of shares: holding
Ordinary 100.00

BTMD LTD
Registered office: England
Nature of business: Property investment
%
Class of shares: holding
Ordinary 100.00

EIMD LTD
Registered office: England
Nature of business: Property investment
%
Class of shares: holding
Ordinary 100.00

ESMD LTD
Registered office: England
Nature of business: Property investment
%
Class of shares: holding
Ordinary 100.00

Plmd Estates Ltd (Registered number: 13043632)

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

9. FIXED ASSET INVESTMENTS - continued

LEMD LTD
Registered office: England
Nature of business: Property investment
%
Class of shares: holding
Ordinary 100.00

PBMD LTD
Registered office: England
Nature of business: Property investment
%
Class of shares: holding
Ordinary 100.00

SCMD LTD
Registered office: England
Nature of business: Property investment
%
Class of shares: holding
Ordinary 100.00

SRMD LTD
Registered office: England
Nature of business: Property investment
%
Class of shares: holding
Ordinary 100.00

UEMD LTD
Registered office: England
Nature of business: Property investment
%
Class of shares: holding
Ordinary 100.00

WCMD LTD
Registered office: England
Nature of business: Property investment
%
Class of shares: holding
Ordinary 100.00


Plmd Estates Ltd (Registered number: 13043632)

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 353,173
Revaluations 133,884
At 31 December 2023 22,508,040
NET BOOK VALUE
At 31 December 2023 22,508,040
At 31 December 2022 22,020,983

Fair value at 31 December 2023 is represented by:
£   
Valuation in 2023 22,508,040

11. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Group
31.12.23 31.12.22
£    £   
Trade debtors 488,652 324,125
Amounts owed by associates - 20,152
Other debtors 50,346 52,409
538,998 396,686

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.

Plmd Estates Ltd (Registered number: 13043632)

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
£    £   
Bank loans and overdrafts 110,623 11,353
Trade creditors 1,006,892 1,030,898
Social security and other taxes - 167,504
VAT 54,164 -
Other creditors 17,658 368,274
1,189,337 1,578,029

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

Group
31.12.23 31.12.22
£    £   
Bank loans - 1-2 years 14,590,861 14,097,229
Other loans - 1-2 years - 301,628
Amounts owed to associates 455,600 -
Social security and other taxes - 100,000
Directors' loan accounts 544,790 350,000
15,591,251 14,848,857

14. SECURED DEBTS

The following secured debts are included within creditors:

Group
31.12.23 31.12.22
£    £   
Bank loans 14,701,484 14,097,229

Bank loans are secured via fixed charge over relevant investment properties.

Plmd Estates Ltd (Registered number: 13043632)

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

15. PROVISIONS FOR LIABILITIES

Group
31.12.23 31.12.22
£    £   
Deferred tax 886,582 861,145

Other provisions 189,728 -

Aggregate amounts 1,076,310 861,145

Group
Deferred
tax
£   
Balance at 1 January 2023 861,145
Provided during year 25,437
Balance at 31 December 2023 886,582

16. RESERVES

Group
Fair
value
reserve
£   
At 1 January 2023 3,671,202
Cash share issue 108,450

At 31 December 2023 3,779,652


17. RELATED PARTY DISCLOSURES

During the year, total dividends of £20,000 were paid to the director .

At the balance sheet date, the group owed £ 544,790 to Mr Ajay Kapur, the director.

18. ULTIMATE CONTROLLING PARTY

The controlling party is Ajay Kapur.