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Registration number: 14703404

Plend Credit Partners Limited

Annual Report and Unaudited Abridged Financial Statements

for the Period from 3 March 2023 to 31 March 2024

 

Plend Credit Partners Limited

Contents

Company Information

1

Director's Report

2

Abridged Balance Sheet

3 to 4

Notes to the Unaudited Abridged Financial Statements

5 to 6

 

Plend Credit Partners Limited

Company Information

Director

J A J R Pursaill

Registered office

Aldgate Tower
6th Floor
2 Leman Street
London
E1 8FA

 

Plend Credit Partners Limited

Director's Report for the Period from 3 March 2023 to 31 March 2024

The director presents his report and the abridged financial statements for the period from 3 March 2023 to 31 March 2024.

Incorporation

The company was incorporated and commenced trading on 3 March 2023.

Directors of the company

The directors who held office during the period were as follows:

J A J R Pursaill (appointed 6 April 2023)

R A Pasco (appointed 3 March 2023 and ceased 22 July 2024)

Principal activity

The principal activity of the company is activities of financial services holding companies

Small companies provision statement

This report has 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.

Approved and authorised by the director on 3 December 2024
 

.........................................
J A J R Pursaill
Director

 

Plend Credit Partners Limited

(Registration number: 14703404)
Abridged Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Non-current assets

 

Loans and other receivables

1,030,564

-

Current assets

 

Debtors

52,218

-

Investments

4

1

-

 

52,219

-

Total assets less current liabilities

 

1,082,783

-

Creditors: Amounts falling due after more than one year

(1,675,604)

-

Net liabilities

 

(592,821)

-

Capital and reserves

 

Called up share capital

1

-

Profit and loss account

(592,822)

-

Total equity

 

(592,821)

-

For the financial period ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

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

The director acknowledges his 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.

All of the company’s members have consented to the preparation of an Abridged Balance Sheet and have elected to take the option not to file the Profit and Loss Account in accordance with Section 444 of the Companies Act 2006

 

Plend Credit Partners Limited

(Registration number: 14703404)
Abridged Balance Sheet as at 31 March 2024

Approved and authorised by the director on 3 December 2024
 

.........................................

J A J R Pursaill

Director

 

Plend Credit Partners Limited

Notes to the Unaudited Abridged Financial Statements for the Period from 3 March 2023 to 31 March 2024

1

General information

The company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
Aldgate Tower
6th Floor
2 Leman Street
London
E1 8FA
United Kingdom

These financial statements were authorised for issue by the director on 3 December 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 abridged 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).

Basis of preparation

These abridged 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.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

 

Plend Credit Partners Limited

Notes to the Unaudited Abridged Financial Statements for the Period from 3 March 2023 to 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.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

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 the director) during the period, was 0 (2023 - 0).

4

Current asset investments

2024
£

2023
£

Shares in group undertakings

1

-