Silverfin false false 31/03/2024 01/04/2023 31/03/2024 M J Hood 24/01/2025 M E Hunter 24/01/2025 07/03/2019 P D Rostas 24/01/2025 07/03/2019 U And I Director 1 Limited 24/01/2025 U And I Director 2 Limited 24/01/2025 24 March 2025 The principal activity of the company is to create work spaces that unlock potential, driving business growth and innovation, community collaboration and positive social impact. 11868216 2024-03-31 11868216 bus:Director1 2024-03-31 11868216 bus:Director2 2024-03-31 11868216 bus:Director3 2024-03-31 11868216 bus:Director4 2024-03-31 11868216 bus:Director5 2024-03-31 11868216 2023-03-31 11868216 core:CurrentFinancialInstruments 2024-03-31 11868216 core:CurrentFinancialInstruments 2023-03-31 11868216 core:ShareCapital 2024-03-31 11868216 core:ShareCapital 2023-03-31 11868216 core:RetainedEarningsAccumulatedLosses 2024-03-31 11868216 core:RetainedEarningsAccumulatedLosses 2023-03-31 11868216 core:FurnitureFittings 2023-03-31 11868216 core:FurnitureFittings 2024-03-31 11868216 bus:OrdinaryShareClass1 2024-03-31 11868216 2023-04-01 2024-03-31 11868216 bus:FilletedAccounts 2023-04-01 2024-03-31 11868216 bus:SmallEntities 2023-04-01 2024-03-31 11868216 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 11868216 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 11868216 bus:Director1 2023-04-01 2024-03-31 11868216 bus:Director2 2023-04-01 2024-03-31 11868216 bus:Director3 2023-04-01 2024-03-31 11868216 bus:Director4 2023-04-01 2024-03-31 11868216 bus:Director5 2023-04-01 2024-03-31 11868216 1 2023-04-01 2024-03-31 11868216 core:FurnitureFittings core:TopRangeValue 2023-04-01 2024-03-31 11868216 2022-04-01 2023-03-31 11868216 core:FurnitureFittings 2023-04-01 2024-03-31 11868216 bus:OrdinaryShareClass1 2023-04-01 2024-03-31 11868216 bus:OrdinaryShareClass1 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 11868216 (England and Wales)

PLUS X SLOUGH LIMITED
(Formerly Plus X Unity Place Limited)

Unaudited Financial Statements
For the financial year ended 31 March 2024
Pages for filing with the registrar

PLUS X SLOUGH LIMITED

Unaudited Financial Statements

For the financial year ended 31 March 2024

Contents

PLUS X SLOUGH LIMITED

STATEMENT OF FINANCIAL POSITION

As at 31 March 2024
PLUS X SLOUGH LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

As at 31 March 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 551,077 0
551,077 0
Current assets
Debtors 4 23,497 418
Cash at bank and in hand 93,825 598
117,322 1,016
Creditors: amounts falling due within one year 5 ( 543,345) ( 5,251)
Net current liabilities (426,023) (4,235)
Total assets less current liabilities 125,054 (4,235)
Net assets/(liabilities) 125,054 ( 4,235)
Capital and reserves
Called-up share capital 6 100 100
Profit and loss account 124,954 ( 4,335 )
Total shareholder's funds/(deficit) 125,054 ( 4,235)

For the financial year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of Plus X Slough Limited (registered number: 11868216) were approved and authorised for issue by the Board of Directors. They were signed on its behalf by:

M J Hood
Director

24 March 2025

PLUS X SLOUGH LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2024
PLUS X SLOUGH LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Plus X Slough Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the company's registered office is 100 Victoria Street, London, SW1E 5JL, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Fixtures and fittings 15 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

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.

Borrowing costs

Borrowing costs that are directly attributable to acquisition, construction or production of qualifying assets, are capitalised as part of the cost of those assets. Capitalisation begins when both finance costs and expenditures for the asset are being incurred and activities that are necessary to get the asset ready for use are in progress. Capitalisation ceases when substantially all the activities that are necessary to get the asset ready for use are complete.

All other borrowing costs are recognised in profit or loss in the period in which they are incurred.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the company during the year, including directors 6 2

3. Tangible assets

Fixtures and fittings Total
£ £
Cost
At 01 April 2023 0 0
Additions 574,123 574,123
At 31 March 2024 574,123 574,123
Accumulated depreciation
At 01 April 2023 0 0
Charge for the financial year 23,046 23,046
At 31 March 2024 23,046 23,046
Net book value
At 31 March 2024 551,077 551,077
At 31 March 2023 0 0

4. Debtors

2024 2023
£ £
Trade debtors 23,497 0
Other debtors 0 418
23,497 418

5. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 1,050 0
Other taxation and social security 29,396 0
Other creditors 512,899 5,251
543,345 5,251

6. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
100 Ordinary Shares shares of £ 1.00 each 100 100

7. Related party transactions

Where possible the company has taken advantage of the exemption conferred by section 33.1A of FRS 102 from the requirement to disclose transactions with other wholly owned group undertakings.

8. Ultimate controlling party

Parent Company:

Plus X Holdings Limited
100 Victoria Street, London, England, SW1E 5JL