REGISTERED NUMBER: 13577289 (England and Wales) |
Report of the Director and |
Unaudited Consolidated Financial Statements for the Year End |
for |
Plmd Projects Ltd |
REGISTERED NUMBER: 13577289 (England and Wales) |
Report of the Director and |
Unaudited Consolidated Financial Statements for the Year End |
for |
Plmd Projects Ltd |
Plmd Projects Ltd (Registered number: 13577289) |
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 | 7 |
Consolidated Statement of Changes in Equity |
10 |
Company Statement of Changes in Equity |
11 |
Notes to the Consolidated Financial Statements |
12 |
Plmd Projects Ltd |
Company Information |
for the Year Ended 31 December 2023 |
DIRECTOR: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Accountants & Tax Advisor |
837 Cranbrook Road |
Ilford |
England |
IG6 1JD |
Plmd Projects Ltd (Registered number: 13577289) |
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 |
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: |
Plmd Projects Ltd (Registered number: 13577289) |
Consolidated |
Income Statement |
for the Year Ended 31 December 2023 |
31.12.23 | 31.12.22 |
£ | £ |
TURNOVER | - | - |
Administrative expenses | (3,646 | ) | - |
(3,646 | ) | - |
Other operating income | 360 | - |
OPERATING LOSS | and |
LOSS BEFORE TAXATION |
(3,286 |
) |
- |
Tax on loss | - | - |
LOSS FOR THE FINANCIAL YEAR |
( |
) |
Loss attributable to: |
Owners of the parent | (3,286 | ) | - |
Plmd Projects Ltd (Registered number: 13577289) |
Consolidated Balance Sheet |
31 December 2023 |
31.12.23 | 31.12.22 |
Notes | £ | £ |
CURRENT ASSETS |
Cash in hand | 304 | 304 |
CREDITORS |
Amounts falling due within one year |
7 |
(46,901 |
) |
(43,615 |
) |
NET CURRENT LIABILITIES | (46,597 | ) | (43,311 | ) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
(46,597 |
) |
(43,311 |
) |
Plmd Projects Ltd (Registered number: 13577289) |
Consolidated Balance Sheet - continued |
31 December 2023 |
31.12.23 | 31.12.22 |
Notes | £ | £ |
CAPITAL AND RESERVES |
Called up share capital | 305 | 305 |
Retained earnings | (46,902 | ) | (43,616 | ) |
(46,597 | ) | (43,311 | ) |
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. |
Plmd Projects Ltd (Registered number: 13577289) |
Consolidated 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 Projects Ltd (Registered number: 13577289) |
Company Balance Sheet |
31 December 2023 |
31.12.23 | 31.12.22 |
Notes | £ | £ |
FIXED ASSETS |
Investments | 6 |
CURRENT ASSETS |
Cash in hand |
TOTAL ASSETS LESS CURRENT LIABILITIES |
Plmd Projects Ltd (Registered number: 13577289) |
Company Balance Sheet - continued |
31 December 2023 |
31.12.23 | 31.12.22 |
Notes | £ | £ |
CAPITAL AND RESERVES |
Called up share capital |
Company's profit for the financial year |
- |
- |
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 Projects Ltd (Registered number: 13577289) |
Company Balance Sheet - continued |
31 December 2023 |
The financial statements were approved by the director and authorised for issue on |
Plmd Projects Ltd (Registered number: 13577289) |
Consolidated 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 | - | (43,616 | ) | (43,616 | ) |
Changes in equity |
Issue of share capital | 305 | - | 305 |
Balance at 31 December 2022 | 305 | (43,616 | ) | (43,311 | ) |
Changes in equity |
Total comprehensive income | - | (3,286 | ) | (3,286 | ) |
Balance at 31 December 2023 | 305 | (46,902 | ) | (46,597 | ) |
Plmd Projects Ltd (Registered number: 13577289) |
Company Statement of Changes in Equity |
for the Year Ended 31 December 2023 |
Called up |
share | Retained | Total |
capital | earnings | equity |
£ | £ | £ |
Changes in equity |
Issue of share capital | - |
Balance at 31 December 2022 |
Changes in equity |
Balance at 31 December 2023 |
Plmd Projects Ltd (Registered number: 13577289) |
Notes to the Consolidated Financial Statements |
for the Year Ended 31 December 2023 |
1. | STATUTORY INFORMATION |
Plmd Projects Ltd is a |
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 |
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. |
Plmd Projects Ltd (Registered number: 13577289) |
Notes to the Consolidated Financial Statements - continued |
for the Year Ended 31 December 2023 |
3. | ACCOUNTING POLICIES - continued |
Basis of consolidation |
The consolidated financial statements include the financial statements of the company and its subsidiaries undertakings made up to 31st December 2023. A subsidiary is an entity that is controlled by the parent. The result 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. Inassessing control, the group takes into consideration potential voting rights that are currently exercisable. |
In the parent company 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. |
Plmd Projects Ltd (Registered number: 13577289) |
Notes to the Consolidated Financial Statements - continued |
for the Year Ended 31 December 2023 |
3. | ACCOUNTING POLICIES - continued |
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. |
Plmd Projects Ltd (Registered number: 13577289) |
Notes to the Consolidated Financial Statements - continued |
for the Year Ended 31 December 2023 |
4. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was NIL (2022 - NIL). |
5. | 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. |
6. | FIXED ASSET INVESTMENTS |
Company |
Shares in |
group |
undertakings |
£ |
COST |
At 1 January 2023 |
and 31 December 2023 |
NET BOOK VALUE |
At 31 December 2023 |
At 31 December 2022 |
Plmd Projects Ltd (Registered number: 13577289) |
Notes to the Consolidated Financial Statements - continued |
for the Year Ended 31 December 2023 |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
Group |
31.12.23 | 31.12.22 |
£ | £ |
Other creditors | 46,901 | 43,615 |