IRIS Accounts Production v24.3.2.46 08554197 director 1.6.23 31.5.24 31.5.24 0 0 false true false false true false Fair value model Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh085541972023-05-31085541972024-05-31085541972023-06-012024-05-31085541972022-05-31085541972022-06-012023-05-31085541972023-05-3108554197ns15:EnglandWales2023-06-012024-05-3108554197ns14:PoundSterling2023-06-012024-05-3108554197ns10:Director12023-06-012024-05-3108554197ns10:PrivateLimitedCompanyLtd2023-06-012024-05-3108554197ns10:SmallEntities2023-06-012024-05-3108554197ns10:AuditExemptWithAccountantsReport2023-06-012024-05-3108554197ns10:SmallCompaniesRegimeForDirectorsReport2023-06-012024-05-3108554197ns10:SmallCompaniesRegimeForAccounts2023-06-012024-05-3108554197ns10:AbridgedAccounts2023-06-012024-05-3108554197ns10:OrdinaryShareClass12023-06-012024-05-3108554197ns10:RegisteredOffice2023-06-012024-05-3108554197ns5:CurrentFinancialInstruments2024-05-3108554197ns5:CurrentFinancialInstruments2023-05-3108554197ns5:Non-currentFinancialInstruments2024-05-3108554197ns5:Non-currentFinancialInstruments2023-05-3108554197ns5:ShareCapital2024-05-3108554197ns5:ShareCapital2023-05-3108554197ns5:RetainedEarningsAccumulatedLosses2024-05-3108554197ns5:RetainedEarningsAccumulatedLosses2023-05-3108554197ns5:WithinOneYearns5:CurrentFinancialInstruments2024-05-3108554197ns5:WithinOneYearns5:CurrentFinancialInstruments2023-05-3108554197ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2024-05-3108554197ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-05-3108554197ns5:Secured2024-05-3108554197ns5:Secured2023-05-3108554197ns10:OrdinaryShareClass12024-05-3108554197ns10:OrdinaryShareClass12022-06-012023-05-31
REGISTERED NUMBER: 08554197 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31st May 2024

for

Ploutos Capital Limited

Ploutos Capital Limited (Registered number: 08554197)






Contents of the Financial Statements
for the year ended 31st May 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 6

Ploutos Capital Limited

Company Information
for the year ended 31st May 2024







DIRECTOR: A A Taylor



REGISTERED OFFICE: 48a Woodgates Lane
North Ferriby
East Yorkshire
HU14 3JY



REGISTERED NUMBER: 08554197 (England and Wales)



ACCOUNTANTS: Sadofskys
Chartered Accountants
Princes House
Wright Street
Hull
East Yorkshire
HU2 8HX



BANKERS: Santander
Bridle Road
Bootle
L30 4GB

Ploutos Capital Limited (Registered number: 08554197)

Abridged Balance Sheet
31st May 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 944,351 944,351

CURRENT ASSETS
Cash at bank 42,940 13,663

CREDITORS
Amounts falling due within one year 546,914 294,326
NET CURRENT LIABILITIES (503,974 ) (280,663 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

440,377

663,688

CREDITORS
Amounts falling due after more than one
year

5

-

330,474
NET ASSETS 440,377 333,214

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 440,277 333,114
SHAREHOLDERS' FUNDS 440,377 333,214

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

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

Ploutos Capital Limited (Registered number: 08554197)

Abridged Balance Sheet - continued
31st May 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31st May 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 25th February 2025 and were signed by:





A A Taylor - Director


Ploutos Capital Limited (Registered number: 08554197)

Notes to the Financial Statements
for the year ended 31st May 2024

1. STATUTORY INFORMATION

Ploutos Capital 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 (£).


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.

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).

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st June 2023
and 31st May 2024 944,351
NET BOOK VALUE
At 31st May 2024 944,351
At 31st May 2023 944,351

Ploutos Capital Limited (Registered number: 08554197)

Notes to the Financial Statements - continued
for the year ended 31st May 2024

4. INVESTMENT PROPERTY - continued

The investment property was valued by the directors on 31st May 2021 and it was deemed there was no material movement from the cost value.

5. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS
2024 2023
£    £   
Repayable by instalments
Bank loans more 5 yr by instal - 163,696

6. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank loans - 41,695

Amounts falling due between two and five years:
Bank loans - 2-5 years - 166,778

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 163,696

7. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans - 372,169

The bank loan was secured by a fixed and floating charge over the land and property assets of the company prior to it being repaid.

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Ploutos Capital Limited

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 Balance Sheet. Readers are cautioned that the Statement of Comprehensive Income 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 Ploutos Capital Limited for the year ended 31st May 2024 which comprise the Statement of Comprehensive Income, Abridged Balance Sheet, Statement of Changes in Equity 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 Ploutos Capital Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Ploutos Capital Limited and state those matters that we have agreed to state to the director of Ploutos Capital Limited 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 Ploutos Capital Limited and its director for our work or for this report.

It is your duty to ensure that Ploutos Capital Limited 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 profit of Ploutos Capital Limited. You consider that Ploutos Capital Limited 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 Ploutos Capital Limited. 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.






Sadofskys
Chartered Accountants
Princes House
Wright Street
Hull
East Yorkshire
HU2 8HX


25th February 2025