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REGISTERED NUMBER: 08925037 (England and Wales)










Unaudited Financial Statements

for the Period 1 April 2023 to 30 June 2024

for

Plans Developments Limited

Plans Developments Limited (Registered number: 08925037)






Contents of the Financial Statements
for the Period 1 April 2023 to 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Plans Developments Limited

Company Information
for the Period 1 April 2023 to 30 June 2024







DIRECTORS: A Hawkins
S Hawkins





REGISTERED OFFICE: Airport House
Suite 43-45
Purley Way
Croydon
Surrey
CR0 0XZ





REGISTERED NUMBER: 08925037 (England and Wales)





ACCOUNTANTS: Ledger Sparks Limited
Airport House
Suite 43-45
Purley Way
Croydon
CR0 0XZ

Plans Developments Limited (Registered number: 08925037)

Balance Sheet
30 June 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 605,000 -
Investments 5 200 200
605,200 200

CURRENT ASSETS
Stocks - 884,418
Cash at bank 160 285
160 884,703
CREDITORS
Amounts falling due within one year 6 (551,668 ) (547,408 )
NET CURRENT (LIABILITIES)/ASSETS (551,508 ) 337,295
TOTAL ASSETS LESS CURRENT
LIABILITIES

53,692

337,495

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 52,692 336,495
53,692 337,495

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 June 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.

Plans Developments Limited (Registered number: 08925037)

Balance Sheet - continued
30 June 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 February 2025 and were signed on its behalf by:





A Hawkins - Director


Plans Developments Limited (Registered number: 08925037)

Notes to the Financial Statements
for the Period 1 April 2023 to 30 June 2024

1. STATUTORY INFORMATION

Plans Developments 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.

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


The principal activity of the company continued to be that of development of building projects.

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.

TANGIBLE FIXED ASSETS
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Motor vehicles 20% on cost

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

INVESTMENTS IN SUBSIDIARIES
Investments in subsidiary undertakings are recognised at cost.

STOCKS
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

Stocks held for distribution at no or nominal consideration are measured at the lower of replacement cost and cost, adjusted where applicable for any loss of service potential.

In Current year, We have appropriated stock to freehold property under fixed assets at market value of £605,000 as on 30/06/2024.

FINANCIAL INSTRUMENTS
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities such as trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.


Plans Developments Limited (Registered number: 08925037)

Notes to the Financial Statements - continued
for the Period 1 April 2023 to 30 June 2024

2. ACCOUNTING POLICIES - continued
TAXATION
The tax expense represents the sum of the tax currently payable.

CURRENT TAX
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

GOING CONCERN
At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

PROVISION FOR LIABILITIES
Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit and a reliable estimate can be made of the amount of the obligation.

Provisions are charged as an expense to the statement of income and retained earnings in the year that the company becomes aware of the obligation and are measured at the best estimate at the Balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.

When payments are eventually made, they are charged to the provision carried in Balance sheet

REPORTING PERIOD
The entity has extended the year end by 3 months to 30 June 2024. therefore the comparative amounts presented in the financial statements are not entirely comparable.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Freehold Motor
property vehicles Totals
£    £    £   
COST OR VALUATION
At 1 April 2023 - 2,000 2,000
Additions 605,000 - 605,000
At 30 June 2024 605,000 2,000 607,000
DEPRECIATION
At 1 April 2023
and 30 June 2024 - 2,000 2,000
NET BOOK VALUE
At 30 June 2024 605,000 - 605,000
At 31 March 2023 - - -

Plans Developments Limited (Registered number: 08925037)

Notes to the Financial Statements - continued
for the Period 1 April 2023 to 30 June 2024

4. TANGIBLE FIXED ASSETS - continued

Cost or valuation at 30 June 2024 is represented by:

Freehold Motor
property vehicles Totals
£    £    £   
Cost 605,000 2,000 607,000

5. FIXED ASSET INVESTMENTS
Investment
in
subsidiary
£   
COST
At 1 April 2023
and 30 June 2024 200
NET BOOK VALUE
At 30 June 2024 200
At 31 March 2023 200

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other creditors 551,668 547,408

The director considers the carrying amounts of current liabilities approximate to their fair values.

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the period ended 30 June 2024 and the year ended 31 March 2023:

2024 2023
£    £   
S Hawkins
Balance outstanding at start of period (273,241 ) (272,591 )
Amounts repaid (1,438 ) (650 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period (274,679 ) (273,241 )

Plans Developments Limited (Registered number: 08925037)

Notes to the Financial Statements - continued
for the Period 1 April 2023 to 30 June 2024

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

A Hawkins
Balance outstanding at start of period (273,241 ) (272,591 )
Amounts repaid (1,438 ) (650 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period (274,679 ) (273,241 )

8. RELATED PARTY DISCLOSURES

At the balance sheet date, included in other creditors are amounts due to the directors as follows. This loan is interest free and repayable on demand.

A Hawkins £274,679 (2023 - £273,241)
S Hawkins £274,679 (2023 - £273,241)

9. EXTRAORDINARY ITEMS

Period Year ended
1.4.23 to 30.6.24 31.3.23
£ £
Loss on appropriation of stock (279,418) -