Registered number
00693821
Plumfield Limited
Filleted Accounts
30 June 2024
Plumfield Limited
Registered number: 00693821
Balance Sheet
as at 30 June 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 126,136 126,145
Investments 4 9,337 9,337
135,473 135,482
Current assets
Debtors 5 1,268 -
Cash at bank 147,534 150,281
148,802 150,281
Creditors: amounts falling due within one year 6 (1,941) (4,072)
Net current assets 146,861 146,209
Net assets 282,334 281,691
Capital and reserves
Called up share capital 400 400
Share premium 19,100 19,100
Profit and loss account 262,834 262,191
Shareholders' funds 282,334 281,691
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
R E Payne
Director
Approved by the board on 14 November 2024
Plumfield Limited
Notes to the Accounts
for the year ended 30 June 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is represented by rents received
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings Not depreciated
Fixtures & fittings 15% reducing balance
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company - -
3 Tangible fixed assets
Land and buildings Fixtures & fittings Total
£ £ £
Cost
At 1 July 2023 126,082 13,051 139,133
At 30 June 2024 126,082 13,051 139,133
Depreciation
At 1 July 2023 - 12,988 12,988
Charge for the year - 9 9
At 30 June 2024 - 12,997 12,997
Net book value
At 30 June 2024 126,082 54 126,136
At 30 June 2023 126,082 63 126,145
4 Investments
Quoted
investment
£
Cost
At 1 July 2023 9,337
At 30 June 2024 9,337
5 Debtors 2024 2023
£ £
Other debtors 1,268 -
6 Creditors: amounts falling due within one year 2024 2023
£ £
Corporation tax 141 2,670
Accruals 1,800 1,200
Other creditors - 202
1,941 4,072
7 Other information
Plumfield Limited is a private company limited by shares and incorporated in England. Its registered office is 11, Downside Crescent, London, NW3 2AN
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