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REGISTERED NUMBER: 10133626 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2024

for

Plaza Homes Limited

Plaza Homes Limited (Registered number: 10133626)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Plaza Homes Limited

Company Information
for the Year Ended 31 May 2024







DIRECTORS: G Costello
Mrs J Costello
G J Freer





REGISTERED OFFICE: 4 Yorke Street
Hucknall
Nottinghamshire
NG15 7BT





REGISTERED NUMBER: 10133626 (England and Wales)





ACCOUNTANTS: Smith Cookson
Chartered Accountants
4 Yorke Street
Hucknall
Nottinghamshire
NG15 7BT

Plaza Homes Limited (Registered number: 10133626)

Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 822,524 826,617
Investment property 5 450,000 450,000
1,272,524 1,276,617

CURRENT ASSETS
Debtors 6 15,893 14,320
Cash at bank 168,356 136,334
184,249 150,654
CREDITORS
Amounts falling due within one year 7 1,423,064 1,386,786
NET CURRENT LIABILITIES (1,238,815 ) (1,236,132 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

33,709

40,485

CREDITORS
Amounts falling due after more than one
year

8

(18,414

)

(25,462

)

PROVISIONS FOR LIABILITIES (2,727 ) (2,727 )
NET ASSETS 12,568 12,296

CAPITAL AND RESERVES
Called up share capital 9 2 2
Non-distributable reserves 10 11,626 11,626
Retained earnings 10 940 668
SHAREHOLDERS' FUNDS 12,568 12,296

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Plaza Homes Limited (Registered number: 10133626)

Balance Sheet - continued
31 May 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 Board of Directors and authorised for issue on 17 February 2025 and were signed on its behalf by:





G Costello - Director


Plaza Homes Limited (Registered number: 10133626)

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

1. STATUTORY INFORMATION

Plaza Homes 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 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.
Freehold property - at varying rates on cost

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.

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.

3. EMPLOYEES AND DIRECTORS

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

Plaza Homes Limited (Registered number: 10133626)

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

4. TANGIBLE FIXED ASSETS
Land and
buildings
£   
COST
At 1 June 2023
and 31 May 2024 838,896
DEPRECIATION
At 1 June 2023 12,279
Charge for year 4,093
At 31 May 2024 16,372
NET BOOK VALUE
At 31 May 2024 822,524
At 31 May 2023 826,617

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 June 2023
and 31 May 2024 450,000
NET BOOK VALUE
At 31 May 2024 450,000
At 31 May 2023 450,000

Fair value at 31 May 2024 is represented by:
£   
Valuation in 2022 14,353
Cost 435,647
450,000

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

31.5.24 31.5.23
£    £   
Cost 435,647 435,647

Investment property was valued on an open market basis on 31 May 2023 by the directors .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
VAT 1,285 -
Payments in advance 14,608 14,320
15,893 14,320

Plaza Homes Limited (Registered number: 10133626)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Bank loans and overdrafts 7,365 10,185
Trade creditors 196 168
Amounts owed to group undertakings 1,398,575 1,355,575
Corporation tax 15,788 16,924
VAT - 2,834
Accruals and deferred income 1,140 1,100
1,423,064 1,386,786

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.24 31.5.23
£    £   
Bank loans to be repaid
between 2 & 5 years by
instalments 18,414 25,462
18,414 25,462

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.5.24 31.5.23
value: £    £   
2 Ordinary 2 2 2

10. RESERVES
Retained Non-distributable
earnings reserves Totals
£    £    £   

At 1 June 2023 668 11,626 12,294
Profit for the year 43,272 43,272
Dividends (43,000 ) (43,000 )
At 31 May 2024 940 11,626 12,566

11. RELATED PARTY DISCLOSURES

The company has made invoiced sales of £60000.00 (2023: £60000.00) during the year to Plaza Builders Limited , a company within the same group. The sales were for management charges.

12. ULTIMATE CONTROLLING PARTY

The controlling party is Plaza Group Limited.

The ultimate controlling party is Mr G & Mrs J Costello.