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REGISTERED NUMBER: 13705993 (England and Wales)










Unaudited Financial Statements

for the Year Ended 31 October 2024

for

Platinum Hideaways Ltd

Platinum Hideaways Ltd (Registered number: 13705993)






Contents of the Financial Statements
for the Year Ended 31 October 2024




Page

Company Information 1

Chartered Accountants' Report 2

Statement of Financial Position 3

Notes to the Financial Statements 4


Platinum Hideaways Ltd

Company Information
for the Year Ended 31 October 2024







DIRECTOR: J P Brickman





REGISTERED OFFICE: 23 Portico Road
Littleover
Derbyshire
DE23 3NJ





REGISTERED NUMBER: 13705993 (England and Wales)





ACCOUNTANTS: M. J. Shapcott & Co. Limited
Chartered Accountants
Charter House, Wyvern Court
Stanier Way
Derby
DE21 6BF

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Platinum Hideaways Ltd

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Platinum Hideaways Ltd for the year ended 31 October 2024 which comprise the Income Statement, Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Platinum Hideaways Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Platinum Hideaways Ltd and state those matters that we have agreed to state to the director of Platinum Hideaways Ltd in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Platinum Hideaways Ltd and its director for our work or for this report.

It is your duty to ensure that Platinum Hideaways Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Platinum Hideaways Ltd. You consider that Platinum Hideaways Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Platinum Hideaways Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






M. J. Shapcott & Co. Limited
Chartered Accountants
Charter House, Wyvern Court
Stanier Way
Derby
DE21 6BF


11 February 2025

Platinum Hideaways Ltd (Registered number: 13705993)

Statement of Financial Position
31 October 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 32,317 39,413
Investment property 5 250,000 250,000
282,317 289,413

CURRENT ASSETS
Stocks 50 50
Debtors 6 1,295 823
Prepayments and accrued income 101 204
Cash at bank 4,089 4,778
5,535 5,855
CREDITORS
Amounts falling due within one year 7 227,157 226,171
NET CURRENT LIABILITIES (221,622 ) (220,316 )
TOTAL ASSETS LESS CURRENT LIABILITIES 60,695 69,097

PROVISIONS FOR LIABILITIES (14,864 ) (17,100 )

ACCRUALS AND DEFERRED INCOME (374 ) (338 )
NET ASSETS 45,457 51,659

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 8 69,711 67,474
Retained earnings (24,354 ) (15,915 )
45,457 51,659

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

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

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 11 February 2025 and were signed by:





J P Brickman - Director


Platinum Hideaways Ltd (Registered number: 13705993)

Notes to the Financial Statements
for the Year Ended 31 October 2024

1. STATUTORY INFORMATION

Platinum Hideaways Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 25% on reducing balance
Tools & equipmt - 25% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 1 ) .

Platinum Hideaways Ltd (Registered number: 13705993)

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

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Tools &
machinery fittings equipmt Totals
£    £    £    £   
COST
At 1 November 2023 21,985 26,008 84 48,077
Additions - 699 330 1,029
At 31 October 2024 21,985 26,707 414 49,106
DEPRECIATION
At 1 November 2023 3,298 5,355 11 8,664
Charge for year 2,803 5,304 18 8,125
At 31 October 2024 6,101 10,659 29 16,789
NET BOOK VALUE
At 31 October 2024 15,884 16,048 385 32,317
At 31 October 2023 18,687 20,653 73 39,413

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 November 2023
and 31 October 2024 250,000
NET BOOK VALUE
At 31 October 2024 250,000
At 31 October 2023 250,000

Fair value at 31 October 2024 is represented by:
£   
Valuation in 2023 84,574
Cost 165,426
250,000

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

2024 2023
£    £   
Cost 165,426 165,426
Aggregate depreciation (6,617 ) (3,309 )

Investment property wa valued on an open market basis on 31 October 2024 by the director .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,295 823

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other creditors 227,157 226,171

Platinum Hideaways Ltd (Registered number: 13705993)

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

8. RESERVES
Fair
value
reserve
£   
At 1 November 2023 67,474
Transfer 2,237

At 31 October 2024 69,711