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Registration number: 00868202

Placehill Ltd.

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2024

 

Placehill Ltd.

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 8

 

Placehill Ltd.

Company Information

Directors

Mrs Elizabeth Mary Frances Shaw

Mr Charles Martin Richard Hoare

Mr Alexander Richard Quintin Hoare

Company secretary

Mrs Elizabeth Mary Frances Shaw

Registered office

Foresters Cottage
Stoney Heath
Nr Ramsdell
Basingstoke
Hampshire
RG26 5SW

Accountants

Tayabali & White
5 High Green
Great Shelford
Cambridge
Cambridgeshire
CB22 5EG

 

Placehill Ltd.

(Registration number: 00868202)
Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Other financial assets

4

1,095,021

1,095,021

Current assets

 

Debtors

5

1,041,506

1,162,462

Cash at bank and in hand

 

555,288

399,077

 

1,596,794

1,561,539

Creditors: Amounts falling due within one year

6

(469,954)

(467,560)

Net current assets

 

1,126,840

1,093,979

Net assets

 

2,221,861

2,189,000

Capital and reserves

 

Called up share capital

7

2,200

2,200

Share premium reserve

349,300

349,300

Retained earnings

1,870,361

1,837,500

Shareholders' funds

 

2,221,861

2,189,000

For the financial 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.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 22 November 2024 and signed on its behalf by:
 

 

Placehill Ltd.

(Registration number: 00868202)
Balance Sheet as at 31 March 2024

.........................................
Mr Alexander Richard Quintin Hoare
Director

 

Placehill Ltd.

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

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The company's registered number is 00868202.

The address of its registered office is:
Foresters Cottage
Stoney Heath
Nr Ramsdell
Basingstoke
Hampshire
RG26 5SW

These financial statements were authorised for issue by the Board on 22 November 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).There were no material departures from that standard.

The presentation currency is the Pound Sterling (£)..

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Investments

Unlisted investments are valued at cost less provision for diminution in value.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

Placehill Ltd.

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

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2023 - 1).

 

Placehill Ltd.

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

4

Other financial assets (current and non-current)

Financial assets at cost less impairment
£

Total
£

Non-current financial assets

Cost or valuation

At 1 April 2023

1,111,514

1,111,514

At 31 March 2024

1,111,514

1,111,514

Impairment

At 1 April 2023

16,493

16,493

At 31 March 2024

16,493

16,493

Carrying amount

At 31 March 2024

1,095,021

1,095,021

5

Debtors

Current

2024
£

2023
£

Other debtors

1,041,506

1,162,462

 

1,041,506

1,162,462

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Accruals and deferred income

4,674

2,280

Other creditors

465,280

465,280

469,954

467,560

7

Share capital

Allotted, called up and fully paid shares

 

Placehill Ltd.

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

2024

2023

No.

£

No.

£

Ordinary £1 of £1 each

2,200

2,200

2,200

2,200

       

8

Related party transactions

 

Placehill Ltd.

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

Transactions with directors

2024

At 1 April 2023
£

At 31 March 2024
£

Mrs Elizabeth Mary Frances Shaw

Loan from the director

55,000

55,000

Mr Charles Martin Richard Hoare

Loan from the director

205,000

205,000

Mr Alexander Richard Quintin Hoare

Loan from the director

205,000

205,000

2023

At 1 April 2022
£

At 31 March 2023
£

Mrs Elizabeth Mary Frances Shaw

Loan from the director

55,000

55,000

Mr Charles Martin Richard Hoare

Loan from the director

205,000

205,000

Mr Alexander Richard Quintin Hoare

Loan from the director

205,000

205,000