IRIS Accounts Production v24.3.2.46 14109106 Board of Directors 1.4.24 31.3.25 31.3.25 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh141091062024-03-31141091062025-03-31141091062024-04-012025-03-31141091062023-03-31141091062023-04-012024-03-31141091062024-03-3114109106ns15:EnglandWales2024-04-012025-03-3114109106ns14:PoundSterling2024-04-012025-03-3114109106ns10:Director12024-04-012025-03-3114109106ns10:CompanyLimitedByGuarantee2024-04-012025-03-3114109106ns10:SmallEntities2024-04-012025-03-3114109106ns10:AuditExempt-NoAccountantsReport2024-04-012025-03-3114109106ns10:SmallCompaniesRegimeForDirectorsReport2024-04-012025-03-3114109106ns10:SmallCompaniesRegimeForAccounts2024-04-012025-03-3114109106ns10:FullAccounts2024-04-012025-03-3114109106ns5:CurrentFinancialInstruments2025-03-3114109106ns5:CurrentFinancialInstruments2024-03-3114109106ns5:RetainedEarningsAccumulatedLosses2025-03-3114109106ns5:RetainedEarningsAccumulatedLosses2024-03-3114109106ns10:RegisteredOffice2024-04-012025-03-3114109106ns5:PlantMachinery2024-04-012025-03-3114109106ns5:PlantMachinery2024-03-3114109106ns5:PlantMachinery2025-03-3114109106ns5:PlantMachinery2024-03-3114109106ns5:WithinOneYearns5:CurrentFinancialInstruments2025-03-3114109106ns5:WithinOneYearns5:CurrentFinancialInstruments2024-03-31
REGISTERED NUMBER: 14109106 (England and Wales)








Unaudited Financial Statements

For The Year Ended 31 March 2025

for

Plymouth and South Devon Freeport
Limited

Plymouth and South Devon Freeport
Limited (Registered number: 14109106)






Contents of the Financial Statements
For The Year Ended 31 March 2025




Page

Balance Sheet 1

Notes to the Financial Statements 2


Plymouth and South Devon Freeport
Limited (Registered number: 14109106)

Balance Sheet
31 March 2025

31.3.25 31.3.24
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,048 805

CURRENT ASSETS
Debtors 5 80,014 137,267
Cash at bank 41,474 84,345
121,488 221,612
CREDITORS
Amounts falling due within one year 6 92,980 138,198
NET CURRENT ASSETS 28,508 83,414
TOTAL ASSETS LESS CURRENT
LIABILITIES

32,556

84,219

RESERVES
Income and expenditure account 32,556 84,219
32,556 84,219

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 surplus or deficit 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 9 April 2025 and were signed on its behalf by:





J E Ward - Director


Plymouth and South Devon Freeport
Limited (Registered number: 14109106)

Notes to the Financial Statements
For The Year Ended 31 March 2025

1. STATUTORY INFORMATION

Plymouth and South Devon Freeport Limited is a private company, limited by guarantee , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 14109106

Registered office: Office 8
Endeavour House
2 Vivid Approach
Plymouth
Devon
PL1 4RW

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.
Plant and machinery etc - 20% on cost and 15% on reducing balance

Government grants
Government grants are recognised using the accrual model and not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received.

Under the accrual model, government grants relating to revenue are recognised on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate. Grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised in income in the period in which it is received.

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 12 (2024 - 13 ) .

Plymouth and South Devon Freeport
Limited (Registered number: 14109106)

Notes to the Financial Statements - continued
For The Year Ended 31 March 2025

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2024 1,126
Additions 3,869
At 31 March 2025 4,995
DEPRECIATION
At 1 April 2024 321
Charge for year 626
At 31 March 2025 947
NET BOOK VALUE
At 31 March 2025 4,048
At 31 March 2024 805

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Trade debtors 11,674 60,197
Other debtors 68,340 77,070
80,014 137,267

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Trade creditors - 45,989
Taxation and social security 8,678 8,821
Other creditors 84,302 83,388
92,980 138,198