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Registered number: 13270966
Plums Properties Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 13270966
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 269 -
Investment Properties 5 326,425 291,032
326,694 291,032
CURRENT ASSETS
Debtors 6 3,957 342
Cash at bank and in hand 12,657 5,780
16,614 6,122
Creditors: Amounts Falling Due Within One Year 7 (1,891 ) (3,038 )
NET CURRENT ASSETS (LIABILITIES) 14,723 3,084
TOTAL ASSETS LESS CURRENT LIABILITIES 341,417 294,116
Creditors: Amounts Falling Due After More Than One Year 8 (306,205 ) (301,860 )
NET ASSETS/(LIABILITIES) 35,212 (7,744 )
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 35,112 (7,844 )
SHAREHOLDERS' FUNDS 35,212 (7,744)
Page 1
Page 2
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Miss Victoria Tarrant
Director
8 November 2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Plums Properties Limited is a private company, limited by shares, incorporated in England & Wales, registered number 13270966 . The registered office is Maple House 5 The Maples, Cleeve, Bristol, BS49 4FS.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% Reducing Balance
2.4. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
3. Average Number of Employees
There were no employees during the year. NIL (2023: NIL)
- -
4. Tangible Assets
Plant & Machinery
£
Cost or Valuation
As at 1 April 2023 -
Additions 311
As at 31 March 2024 311
Depreciation
As at 1 April 2023 -
Provided during the period 42
As at 31 March 2024 42
Net Book Value
As at 31 March 2024 269
As at 1 April 2023 -
Page 3
Page 4
5. Investment Property
2024
£
Fair Value
As at 1 April 2023 291,032
Revaluations 35,393
As at 31 March 2024 326,425
6. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income 434 342
434 342
Due after more than one year
Amounts owed by associates 3,523 -
3,523 -
3,957 342
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Accruals and deferred income 1,891 2,714
Amounts owed to related parties - 324
1,891 3,038
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 217,354 213,891
Directors loan account 88,851 87,969
306,205 301,860
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 4