Silverfin false false 31/03/2024 01/04/2023 31/03/2024 D. Edelstein 12/02/2016 K. Edelstein 08/10/2015 F. Steiner 19/04/2024 17/05/1990 25 April 2025 The principal activity of the company is property development for resale. 00697474 2024-03-31 00697474 bus:Director1 2024-03-31 00697474 bus:Director2 2024-03-31 00697474 bus:Director3 2024-03-31 00697474 2023-03-31 00697474 core:CurrentFinancialInstruments 2024-03-31 00697474 core:CurrentFinancialInstruments 2023-03-31 00697474 core:ShareCapital 2024-03-31 00697474 core:ShareCapital 2023-03-31 00697474 core:RetainedEarningsAccumulatedLosses 2024-03-31 00697474 core:RetainedEarningsAccumulatedLosses 2023-03-31 00697474 bus:OrdinaryShareClass1 2024-03-31 00697474 2023-04-01 2024-03-31 00697474 bus:FilletedAccounts 2023-04-01 2024-03-31 00697474 bus:SmallEntities 2023-04-01 2024-03-31 00697474 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 00697474 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 00697474 bus:Director1 2023-04-01 2024-03-31 00697474 bus:Director2 2023-04-01 2024-03-31 00697474 bus:Director3 2023-04-01 2024-03-31 00697474 2022-04-01 2023-03-31 00697474 bus:OrdinaryShareClass1 2023-04-01 2024-03-31 00697474 bus:OrdinaryShareClass1 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 00697474 (England and Wales)

PLANSTON LIMITED

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

PLANSTON LIMITED

Unaudited Financial Statements

For the financial year ended 31 March 2024

Contents

PLANSTON LIMITED

BALANCE SHEET

As at 31 March 2024
PLANSTON LIMITED

BALANCE SHEET (continued)

As at 31 March 2024
Note 2024 2023
£ £
Current assets
Stocks 4 175,116 175,116
Debtors 5 8,695 14,898
Cash at bank and in hand 0 7,593
183,811 197,607
Creditors: amounts falling due within one year 6 ( 417,486) ( 380,719)
Net current liabilities (233,675) (183,112)
Total assets less current liabilities (233,675) (183,112)
Net liabilities ( 233,675) ( 183,112)
Capital and reserves
Called-up share capital 7 100 100
Profit and loss account ( 233,775 ) ( 183,212 )
Total shareholders' deficit ( 233,675) ( 183,112)

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:

The financial statements of Planston Limited (registered number: 00697474) were approved and authorised for issue by the Board of Directors. They were signed on its behalf by:

D. Edelstein
Director

25 April 2025

PLANSTON LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2024
PLANSTON 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

Planston 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 35 Ballards Lane, London, N3 1XW, 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 Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors note that the business has net liabilities of £182,992. At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements. The validity of the assumption depends upon the continued support of the company's directors.

If the company were unable to continue in existence for the foreseeable future, adjustments would have to be made to reduce the balance sheet values of assets to their recoverable amounts and to provide for any further liabilities that might arise.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value.


At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

2. Critical accounting judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements that have a significant impact on the amounts recognised. The following are the critical judgements that the directors have made in the process of applying the company’s accounting policies and that have the most significant effect on the amounts recognised in the financial statements.

3. Employees

2024 2023
Number Number
Monthly average number of persons employed by the company during the year, including directors 3 3

4. Stocks

2024 2023
£ £
Finished goods 175,116 175,116

5. Debtors

2024 2023
£ £
Other debtors 8,695 14,898

6. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 14,402 7,674
Other creditors 403,084 373,045
417,486 380,719

7. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
10,000 Ordinary shares of £ 0.01 each 100 100

8. Related party transactions

Transactions with the entity's directors

2024 2023
£ £
Amount owed to directors 0 173,242

Other related party transactions

2024 2023
£ £
Amounts due from related parties 1,078 14,497
Amounts due to related parties 387,217 127,836