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REGISTERED NUMBER: 03137142 (England and Wales)















Unaudited Financial Statements for the Year Ended 31st March 2024

for

P L W Developments Limited

P L W Developments Limited (Registered number: 03137142)






Contents of the Financial Statements
for the Year Ended 31st March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


P L W Developments Limited

Company Information
for the Year Ended 31st March 2024







DIRECTOR: Mr P L Whitehurst





REGISTERED OFFICE: 17 Farrington Way
Eastwood
Nottinghamshire
NG16 3BF





REGISTERED NUMBER: 03137142 (England and Wales)

P L W Developments Limited (Registered number: 03137142)

Balance Sheet
31st March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 7,957,634 7,958,293
Investments 5 150,750 150,750
8,108,384 8,109,043

CURRENT ASSETS
Stocks 42,696 41,611
Debtors 6 182,417 195,907
Cash at bank 374,786 279,430
599,899 516,948
CREDITORS
Amounts falling due within one year 7 89,708 107,664
NET CURRENT ASSETS 510,191 409,284
TOTAL ASSETS LESS CURRENT
LIABILITIES

8,618,575

8,518,327

CREDITORS
Amounts falling due after more than one
year

8

(103,225

)

(138,586

)

PROVISIONS FOR LIABILITIES 9 (500 ) (625 )
NET ASSETS 8,514,850 8,379,116

CAPITAL AND RESERVES
Called up share capital 10 100 100
Revaluation reserve 11 4,751,214 4,751,214
Retained earnings 3,763,536 3,627,802
SHAREHOLDERS' FUNDS 8,514,850 8,379,116

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2024 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.

P L W Developments Limited (Registered number: 03137142)

Balance Sheet - continued
31st March 2024


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 23rd September 2024 and were signed by:





Mr P L Whitehurst - Director


P L W Developments Limited (Registered number: 03137142)

Notes to the Financial Statements
for the Year Ended 31st March 2024

1. STATUTORY INFORMATION

P L W Developments 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 represents rents receivable by the company.


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 - not provided
Plant and equipment - 20% on reducing balance
Computer equipment - 20% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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 1 (2023 - 1 ) .

P L W Developments Limited (Registered number: 03137142)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2024

4. TANGIBLE FIXED ASSETS
Freehold Plant and Computer
property equipment equipment Totals
£    £    £    £   
COST OR VALUATION
At 1st April 2023
and 31st March 2024 7,955,002 49,156 3,794 8,007,952
DEPRECIATION
At 1st April 2023 - 45,880 3,779 49,659
Charge for year - 656 3 659
At 31st March 2024 - 46,536 3,782 50,318
NET BOOK VALUE
At 31st March 2024 7,955,002 2,620 12 7,957,634
At 31st March 2023 7,955,002 3,276 15 7,958,293

The freehold property has not been depreciated as it is regarded as an investment property.


Cost or valuation at 31st March 2024 is represented by:

Freehold Plant and Computer
property equipment equipment Totals
£    £    £    £   
Valuation in 2001 680,840 - - 680,840
Valuation in 2005 2,372,458 - - 2,372,458
Valuation in 2010 998,505 - - 998,505
Valuation in 2022 699,412 - - 699,412
Cost 3,203,787 49,156 3,794 3,256,737
7,955,002 49,156 3,794 8,007,952

If freehold property had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 3,203,787 3,136,748

Freehold property was valued on an open market basis on 31st March 2024 by Mr P L Whitehurst .

P L W Developments Limited (Registered number: 03137142)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2024

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1st April 2023
and 31st March 2024 150,750
NET BOOK VALUE
At 31st March 2024 150,750
At 31st March 2023 150,750

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,208 1,770
Other debtors 181,209 194,137
182,417 195,907

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 38,332 71,932
Taxation and social security 47,296 31,832
Other creditors 4,080 3,900
89,708 107,664

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other creditors 103,225 138,586

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 500 625

Deferred
tax
£   
Balance at 1st April 2023 625
Utilised during year (125 )
Transfer
Balance at 31st March 2024 500

P L W Developments Limited (Registered number: 03137142)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2024

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

11. RESERVES
Revaluation
reserve
£   
At 1st April 2023
and 31st March 2024 4,751,214

12. RELATED PARTY DISCLOSURES

During the year the company made purchases of £15,601 (2023: - £33,666) from P J Whitehurst (Building) Limited, its subsidiary company. At the year end there was an amount of £181,209 (2023:- £194,125) due from P J Whitehurst (Building) Limited.

An administration charge of £12,009 (2023:- £20,969) was paid to P J Whitehurst (Building) Limited in the year.