1 February 2023 false No description of principal activity Taxfiler 2024.6 13145905business:PrivateLimitedCompanyLtd2023-02-012024-01-31 131459052023-01-31 131459052023-02-012024-01-31 13145905business:AuditExemptWithAccountantsReport2023-02-012024-01-31 13145905business:FilletedAccounts2023-02-012024-01-31 131459052024-01-31 13145905business:Director12023-02-012024-01-31 13145905business:Director22023-02-012024-01-31 13145905business:RegisteredOffice2023-02-012024-01-31 131459052023-01-31 13145905core:WithinOneYear2024-01-31 13145905core:WithinOneYear2023-01-31 13145905core:AfterOneYear2024-01-31 13145905core:AfterOneYear2023-01-31 13145905core:ShareCapitalcore:PreviouslyStatedAmount2024-01-31 13145905core:ShareCapitalcore:PreviouslyStatedAmount2023-01-31 13145905core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-01-31 13145905core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-01-31 13145905core:PreviouslyStatedAmount2024-01-31 13145905core:PreviouslyStatedAmount2023-01-31 13145905business:SmallEntities2023-02-012024-01-31 13145905countries:EnglandWales2023-02-012024-01-31 13145905core:LandBuildings2023-01-31 13145905core:FurnitureFittings2023-01-31 13145905core:LandBuildings2024-01-31 13145905core:FurnitureFittings2024-01-31 13145905core:LandBuildings2023-02-012024-01-31 13145905core:FurnitureFittings2023-02-012024-01-31 131459052022-02-012023-01-31 iso4217:GBP xbrli:pure
Company Registration No. 13145905 (England and Wales)
PLATINUM REACH PROPERTIES LTD Unaudited accounts for the year ended 31 January 2024
PLATINUM REACH PROPERTIES LTD Unaudited accounts Contents
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PLATINUM REACH PROPERTIES LTD Company Information for the year ended 31 January 2024
Directors
Tony Burke Daniel Holmes
Company Number
13145905 (England and Wales)
Registered Office
JSM PARTNERS LTD, BRIGHTFIELD BUSINESS H ORTON SOUTHGATE PETERBOROUGH CAMBRIDGESHIRE PE2 6XU UNITED KINGDOM
Accountants
JSM Partners Brightfield Business Hub Bakewell Road Peterborough Cambridgeshire PE2 6XU
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PLATINUM REACH PROPERTIES LTD Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
234,189 
236,360 
Current assets
Debtors
25,373 
15,517 
Cash at bank and in hand
4,173 
797 
29,546 
16,314 
Creditors: amounts falling due within one year
(159,702)
(166,914)
Net current liabilities
(130,156)
(150,600)
Total assets less current liabilities
104,033 
85,760 
Creditors: amounts falling due after more than one year
(168,307)
(168,318)
Net liabilities
(64,274)
(82,558)
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
(64,276)
(82,560)
Shareholders' funds
(64,274)
(82,558)
For the year ending 31 January 2024 the company was entitled to exemption from audit 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 29 October 2024 and were signed on its behalf by
Tony Burke Director Company Registration No. 13145905
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PLATINUM REACH PROPERTIES LTD Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
PLATINUM REACH PROPERTIES LTD is a private company, limited by shares, registered in England and Wales, registration number 13145905. The registered office is JSM PARTNERS LTD, BRIGHTFIELD BUSINESS H, ORTON SOUTHGATE, PETERBOROUGH, CAMBRIDGESHIRE, PE2 6XU, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Land & buildings 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 February 2023
230,166 
8,684 
238,850 
At 31 January 2024
230,166 
8,684 
238,850 
Depreciation
At 1 February 2023
- 
2,490 
2,490 
Charge for the year
- 
2,171 
2,171 
At 31 January 2024
- 
4,661 
4,661 
Net book value
At 31 January 2024
230,166 
4,023 
234,189 
At 31 January 2023
230,166 
6,194 
236,360 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Other debtors
25,373 
15,517 
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PLATINUM REACH PROPERTIES LTD Notes to the Accounts for the year ended 31 January 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Loans from directors
158,449 
166,914 
Accruals
1,253 
- 
159,702 
166,914 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
168,307 
168,318 
8
Loans to directors
During the year loans totalling £158,449 were received from the directors. These remain outstanding at the year end and are interest free and repayable on demand.
9
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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