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REGISTERED NUMBER: 01853983 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

PLEASANTLY LIMITED

PLEASANTLY LIMITED (REGISTERED NUMBER: 01853983)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


PLEASANTLY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: M V Santhiapillai





REGISTERED OFFICE: Lee Gate House 1st Floor
Burnt Ash Road
London
SE12 8RG





REGISTERED NUMBER: 01853983 (England and Wales)





AUDITORS: Edwards Chartered Accountants
Statutory Auditor
409-411 Croydon Road
Beckenham
Kent
BR3 3PP

PLEASANTLY LIMITED (REGISTERED NUMBER: 01853983)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,971,604 740,590

CURRENT ASSETS
Debtors 5 2,651,154 2,162,794
Cash at bank and in hand 222,784 90,805
2,873,938 2,253,599
CREDITORS
Amounts falling due within one year 6 343,027 163,815
NET CURRENT ASSETS 2,530,911 2,089,784
TOTAL ASSETS LESS CURRENT
LIABILITIES

6,502,515

2,830,374

PROVISIONS FOR LIABILITIES 7,395 4,408
NET ASSETS 6,495,120 2,825,966

CAPITAL AND RESERVES
Called up share capital 245,285 245,285
Share premium 38,314 38,314
Revaluation reserve 7 3,387,667 148,037
Retained earnings 2,823,854 2,394,330
SHAREHOLDERS' FUNDS 6,495,120 2,825,966

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

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





M V Santhiapillai - Director


PLEASANTLY LIMITED (REGISTERED NUMBER: 01853983)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Pleasantly Limited 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 Company Information page.

2. 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 as modified by the revaluation of certain assets.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Fixtures and fittings - 25% on cost
Computer equipment - 25% on cost

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

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 20 (2023 - 24 ) .

PLEASANTLY LIMITED (REGISTERED NUMBER: 01853983)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold and Computer
property fittings equipment Totals
£    £    £    £   
COST OR VALUATION
At 1 April 2023 960,370 392,115 2,558 1,355,043
Additions - 26,751 - 26,751
Revaluations 3,239,630 - - 3,239,630
At 31 March 2024 4,200,000 418,866 2,558 4,621,424
DEPRECIATION
At 1 April 2023 246,256 366,006 2,191 614,453
Charge for year 14,407 20,773 187 35,367
At 31 March 2024 260,663 386,779 2,378 649,820
NET BOOK VALUE
At 31 March 2024 3,939,337 32,087 180 3,971,604
At 31 March 2023 714,114 26,109 367 740,590

Cost or valuation at 31 March 2024 is represented by:

Fixtures
Freehold and Computer
property fittings equipment Totals
£    £    £    £   
Valuation in 2016 148,037 - - 148,037
Valuation in 2024 3,239,630 - - 3,239,630
Cost 812,333 418,866 2,558 1,233,757
4,200,000 418,866 2,558 4,621,424

If freehold land and buildings had not been revalued they would have been included at the following historical cost:

2024 2023
£    £   
Cost 812,333 812,333
Aggregate depreciation (220,482 ) (208,296 )

Freehold land and buildings were valued on an open market basis on 31 March 2024 by the director .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 88 22,113
Amounts owed by group undertakings 2,626,374 2,117,849
Other debtors 24,692 22,832
2,651,154 2,162,794

PLEASANTLY LIMITED (REGISTERED NUMBER: 01853983)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 51,975 24,670
Taxation and social security 210,054 111,679
Other creditors 80,998 27,466
343,027 163,815

7. RESERVES
Revaluation
reserve
£   
At 1 April 2023 148,037
Arising in the year 3,239,630

At 31 March 2024 3,387,667

8. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

John Duggan (Senior Statutory Auditor)
for and on behalf of Edwards Chartered Accountants

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is M V Santhiapillai.