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REGISTERED NUMBER: 10133595 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2024

for

Plaza Group Limited

Plaza Group Limited (Registered number: 10133595)






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 Group 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: 10133595 (England and Wales)





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

Plaza Group Limited (Registered number: 10133595)

Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 8,000 -
Investments 5 104 104
8,104 104

CURRENT ASSETS
Debtors 6 1,389,498 1,265,498
Cash at bank 249,128 326,491
1,638,626 1,591,989
CREDITORS
Amounts falling due within one year 7 349,635 1,225,902
NET CURRENT ASSETS 1,288,991 366,087
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,297,095

366,191

CREDITORS
Amounts falling due after more than one year 8 15,595 25,462
NET ASSETS 1,281,500 340,729

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 10 1,281,400 340,629
SHAREHOLDERS' FUNDS 1,281,500 340,729

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 Group Limited (Registered number: 10133595)

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 Group Limited (Registered number: 10133595)

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

1. STATUTORY INFORMATION

Plaza Group 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.

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.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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 Group Limited (Registered number: 10133595)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
Additions 10,000
At 31 May 2024 10,000
DEPRECIATION
Charge for year 2,000
At 31 May 2024 2,000
NET BOOK VALUE
At 31 May 2024 8,000

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 June 2023
and 31 May 2024 104
NET BOOK VALUE
At 31 May 2024 104
At 31 May 2023 104

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors 25,000 25,000
Amounts owed by group undertakings 1,364,498 1,240,498
1,389,498 1,265,498

Plaza Group Limited (Registered number: 10133595)

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 10,185 10,185
Trade creditors 616 -
Amounts owed to group undertakings 280,712 1,143,712
Corporation tax 35,257 49,310
VAT 16,667 16,542
Directors' current accounts 5,000 5,000
Accruals and deferred income 1,198 1,153
349,635 1,225,902

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.24 31.5.23
£    £   
Bank loans - 1-2 years 10,185 10,185
Bank loans to be repaid
between 2 & 5 years by
instalments 5,410 15,277
15,595 25,462

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.5.24 31.5.23
value: £    £   
100 Ordinary 100 100 100

10. RESERVES
Retained
earnings
£   

At 1 June 2023 340,629
Profit for the year 1,516,771
Dividends (576,000 )
At 31 May 2024 1,281,400

11. RELATED PARTY DISCLOSURES

The company received payments of £229,166 (2023: £250,000) from Plaza Builders Limited for management services. £25,000 was outstanding at the balance sheet date which is included in debtors.