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REPORT OF THE DIRECTORS AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024

FOR

PLUTUS LVM LIMITED

PLUTUS LVM LIMITED (REGISTERED NUMBER: 12001964)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 May 2024




Page

Company Information 1

Report of the Directors 2

Balance Sheet 3

Notes to the Financial Statements 4


PLUTUS LVM LIMITED

COMPANY INFORMATION
for the year ended 31 May 2024







DIRECTORS: Ms V Hayles
L Streets





REGISTERED OFFICE: The Old Buffalo
Yoxall Road
Newborough
Burton-on-Trent
Staffordshire
DE13 8SU





REGISTERED NUMBER: 12001964 (England and Wales)





ACCOUNTANTS: Hewitt Card Limited
Chartered Certified Accountants
70-72 Nottingham Road
Mansfield
Nottinghamshire
NG18 1BN

PLUTUS LVM LIMITED (REGISTERED NUMBER: 12001964)

REPORT OF THE DIRECTORS
for the year ended 31 May 2024

The directors present their report with the financial statements of the company for the year ended 31 May 2024.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of property investments and rentals.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 June 2023 to the date of this report.

Ms V Hayles
L Streets

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





L Streets - Director


27 February 2025

PLUTUS LVM LIMITED (REGISTERED NUMBER: 12001964)

BALANCE SHEET
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,020,944 1,022,842
Investments 5 5,167,786 4,658,565
6,188,730 5,681,407

CURRENT ASSETS
Cash at bank 23,093 46,025

CREDITORS
Amounts falling due within one year 6 5,284,110 5,258,965
NET CURRENT LIABILITIES (5,261,017 ) (5,212,940 )
TOTAL ASSETS LESS CURRENT LIABILITIES 927,713 468,467

PROVISIONS FOR LIABILITIES 7 151,220 64,154
NET ASSETS 776,493 404,313

CAPITAL AND RESERVES
Called up share capital 500 500
Share premium 164,962 164,962
Revaluation reserve 8 453,283 190,186
Retained earnings 157,748 48,665
776,493 404,313

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.

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 27 February 2025 and were signed on its behalf by:





L Streets - Director


PLUTUS LVM LIMITED (REGISTERED NUMBER: 12001964)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 May 2024

1. STATUTORY INFORMATION

Plutus LVM 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance

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.

Turnover
Rent is charged to tenants in advance as income in the period to which it relates.

Government grants
Government grants represent monies received in relation to the Coronavirus small business grant fund.

3. EMPLOYEES AND DIRECTORS

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

PLUTUS LVM LIMITED (REGISTERED NUMBER: 12001964)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 May 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold and
property fittings Totals
£    £    £   
COST
At 1 June 2023
and 31 May 2024 1,019,808 27,724 1,047,532
DEPRECIATION
At 1 June 2023 - 24,690 24,690
Charge for year - 1,898 1,898
At 31 May 2024 - 26,588 26,588
NET BOOK VALUE
At 31 May 2024 1,019,808 1,136 1,020,944
At 31 May 2023 1,019,808 3,034 1,022,842

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 June 2023 4,658,565
Additions 1,460,561
Disposals (1,276,097 )
Revaluations 324,757
At 31 May 2024 5,167,786
NET BOOK VALUE
At 31 May 2024 5,167,786
At 31 May 2023 4,658,565

Cost or valuation at 31 May 2024 is represented by:

Other
investments
£   
Valuation in 2020 2,550,000
Valuation in 2021 1,719,743
Valuation in 2022 4,417
Valuation in 2023 568,869
Valuation in 2024 324,757
5,167,786

PLUTUS LVM LIMITED (REGISTERED NUMBER: 12001964)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 May 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Tax 34,911 11,203
Social security and other taxes 79 83
Directors' current accounts 5,246,916 5,246,523
Accrued expenses 2,204 1,156
5,284,110 5,258,965

7. PROVISIONS FOR LIABILITIES
31.5.24 31.5.23
£    £   
Deferred tax 151,220 64,154

Deferred
tax
£   
Balance at 1 June 2023 64,154
Provided during year 87,066
Balance at 31 May 2024 151,220

8. RESERVES
Revaluation
reserve
£   
At 1 June 2023 190,186
Revaluation 350,163
Profit & Loss Acc Deferred tax (87,066 )

At 31 May 2024 453,283