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REGISTERED NUMBER: 11102890 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2024

for

Plumerai Limited

Plumerai Limited (Registered number: 11102890)

Contents of the Financial Statements
for the Year Ended 31 December 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Plumerai Limited

Company Information
for the Year Ended 31 December 2024







DIRECTOR: Mr R B P Nusselder





REGISTERED OFFICE: Uncommon
1 Long Lane
London
SE1 4PG





REGISTERED NUMBER: 11102890 (England and Wales)





ACCOUNTANTS: Wilson Partners Limited
1st Floor
One Suffolk Way
Sevenoaks
Kent
TN13 1YL

Plumerai Limited (Registered number: 11102890)

Balance Sheet
31 December 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,547 2,424
Investments 5 1,025 1,025
3,572 3,449

CURRENT ASSETS
Debtors 6 627,634 465,836
Cash at bank 214,816 734,518
842,450 1,200,354
CREDITORS
Amounts falling due within one year 7 482,872 300,304
NET CURRENT ASSETS 359,578 900,050
TOTAL ASSETS LESS CURRENT
LIABILITIES

363,150

903,499

CAPITAL AND RESERVES
Called up share capital 8 243 243
Share premium 9 7,017,680 7,017,680
Fair value reserve 9 4 6
Retained earnings 9 (6,654,777 ) (6,114,430 )
SHAREHOLDERS' FUNDS 363,150 903,499

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

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

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 director and authorised for issue on 28 March 2025 and were signed by:





Mr R B P Nusselder - Director


Plumerai Limited (Registered number: 11102890)

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


1. STATUTORY INFORMATION

Plumerai 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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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.
Fixtures and fittings - 50% on cost and 33% on cost
Computer equipment - 33% on cost

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 6 ) .

Plumerai Limited (Registered number: 11102890)

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


4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 January 2024 2,533 16,444 18,977
Additions - 2,374 2,374
At 31 December 2024 2,533 18,818 21,351
DEPRECIATION
At 1 January 2024 2,468 14,085 16,553
Charge for year 65 2,186 2,251
At 31 December 2024 2,533 16,271 18,804
NET BOOK VALUE
At 31 December 2024 - 2,547 2,547
At 31 December 2023 65 2,359 2,424

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 January 2024
and 31 December 2024 1,025
NET BOOK VALUE
At 31 December 2024 1,025
At 31 December 2023 1,025

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 293,701 153,056
Tax 199,021 253,238
VAT 4,658 1,537
Prepayments and accrued income 120,054 47,805
Rental deposit 10,200 10,200
627,634 465,836

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 18,007 11,344
Amounts owed to group undertakings 238,244 182,689
Social security and other taxes 10,191 13,768
Net wages control - 217
Pensions payable 1,303 1,688
Accruals and deferred income 215,127 90,598
482,872 300,304

Plumerai Limited (Registered number: 11102890)

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


8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number Class: Nominal value: 2024 2023
£ £
7,591,368 Ordinary 0.00001 76 91
800,000 A Ordinary 0.00001 8 8

14,386,997
Seed
Preferred

0.00001

144


144
1,524,118 Deferred 0.00001 15 -
243 243
83,045 ordinary shares of 0.00001 each were allotted and fully paid for cash at par during the year.
1,524,118 ordinary shares were converted to deferred shares during the year.

9. RESERVES
Fair
Retained Share value
earnings premium reserve Totals
£    £    £    £   

At 1 January 2024 (6,114,430 ) 7,017,680 6 903,256
Deficit for the year (540,347 ) (540,347 )
Share option reserve - - (2 ) (2 )
At 31 December 2024 (6,654,777 ) 7,017,680 4 362,907

10. ULTIMATE CONTROLLING PARTY

The controlling party is the shareholders by virtue of their shareholding.

11. SHARE-BASED PAYMENT TRANSACTIONS

The company has an equity settled option scheme.
The company had 599,433 options outstanding at the beginning of the period.
During the period 409,366 (2023: 207,616 ) options were granted to employees.
During the period 13,737 (2023:239,773 ) options were forfeited.
During the period 83,045 (2023: 102,715) options were exercised.
During the period nil (2023: nil) options expired
The company had 919,822 options outstanding at the end of the period.
The company has 553,547 (2023: 505,459) exercisable options at the end of the period.

The fair value of the share options has been valued at £0.00001 in accordance with the weighted average exercise price.

The total change in valuation of the vested options was (£1.66), this was charged to the profit and loss. The total carrying amount is £4.43 (2023: £6.09).