| PLATINUM ACCOMMODATION LIMITED |
| Registered Number:09440865 |
For the year ended 31 August 2024
England and Wales
Audited Financial Statements
For the year ended 31 August 2024
PLATINUM ACCOMMODATION LIMITED
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
PLATINUM ACCOMMODATION LIMITED
Statement of Financial Position
2023
2024
| Property, plant and equipment |
94,012
76,383
2
94,012
76,383
| Trade and other receivables |
1,042,306
1,056,509
3
646,120
| Cash and cash equivalents |
351,322
1,407,831
1,688,426
| Trade and other payables: amounts falling due within one |
| year |
(1,154,576)
(1,406,977)
4
533,850
854
Net current assets
| Total assets less current liabilities |
94,866
610,233
| Trade and other payables: amounts falling due after more |
| than one year |
(80,408)
(44,729)
5
(22,353)
(21,595)
| Provisions for liabilities |
27,784
Net assets
508,230
100
100
27,684
508,130
27,784
508,230
Shareholders' funds
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
| These financial statements were approved and authorised for issue by the Board on 23 May 2025 and were signed by: |
| The notes form part of these financial statements |
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For the year ended 31 August 2024
PLATINUM ACCOMMODATION LIMITED
Notes to the Financial Statements
Statutory Information
| PLATINUM ACCOMMODATION LIMITED is a private limited company, limited by shares, domiciled in England and |
| Wales, registration number 09440865. |
ACCURIST HOUSE
38-52 BAKER STREET
LONDON
W1U 7AL
| The presentation currency is £ sterling. |
Basis of preparing the financial statements
| These financial statements have been prepared in accordance with the provisions of Section 1A of Financial |
| Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the |
| Companies Act 2006. The financial statements have been prepared under the historical costs convention as |
| modified by the revaluation of certain assets. |
Revenue recognition
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes. |
Property, plant and equipment
| Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Computer equipment
Motor vehicles
Fixtures and fittings
Government grants
| Government grants received are credited to deferred income. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants received towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred. |
Deferred tax
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date. |
Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straightline basis over the period of the lease.
Pension costs and other post-retirement benefits
| The company operates a defined contribution pension scheme for the benefit of its directors/and employees. Contributions payable are charged to the profit and loss account in the period in which they are payable. |
Provisions
| Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is |
| probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation |
| can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the |
| amount of the provision as an expense. Provisions are initially measured at the best etimate of the amount required |
| to settle the obligation at the reporting date and subsequently reviewed at easch reporting date and adjusted to |
| reflect the current best estimate of the amount that would be required to settle the obligation. |
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For the year ended 31 August 2024
PLATINUM ACCOMMODATION LIMITED
Notes to the Financial Statements Continued
Financial Instruments
| A financial asset or a financial liability is recognised only when the company becomes a party to the contractual |
| provisions of the instrument. |
| Basic financial instruments are initially recognised at the transaction price, unless the arrngement constitutes a |
| financing transaction, where it is recognised at the present value of the future payments discounted at a market rate |
| of interest for a similar debt instrument. |
| Debt instruments are subsequently measured at amortised cost. |
| 2. Property, plant and equipment |
Motor vehicles
166,907
31,550
74,064
61,293
48,512
2,615
45,897
-
61,293
119,961
34,165
215,419
| Provision for depreciation and impairment |
90,524
13,934
50,512
26,078
Charge for year
30,883
4,717
17,362
8,804
121,407
18,651
67,874
34,882
26,411
52,087
15,514
94,012
35,215
23,552
17,616
76,383
| 3. Trade and other receivables |
2023
2024
7,038
84,131
| Amounts owed by group undertakings and participating interests |
937,249
912,250
112,222
45,925
1,042,306
1,056,509
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For the year ended 31 August 2024
PLATINUM ACCOMMODATION LIMITED
Notes to the Financial Statements Continued
| 4. Trade and other payables: amounts falling due within one year |
2023
2024
61,569
54,457
94,105
49,523
| Amounts owed to group undertaking and undertaking in which the |
| company has a participating interest |
685,543
678,843
| Taxation and social security |
307,458
341,556
258,302
30,197
1,406,977
1,154,576
| 5. Trade and other payables: amounts falling due after more than one year |
2023
2024
40,215
65,453
4,514
14,955
44,729
80,408
| 6. Average number of persons employed |
During the year the average number of employees was 51 (2023 : 32)
| 7. Disclosure under section 444(5B) of the Companies Act 2006 |
| The Report of the Independent Auditor is unqualified. |
| The financial statements are prepared under the historical cost convention, as modified by the revaluation of certain |
| fixed assets, and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015). |
| Simon Byrne (Senior Statutory Auditor) |
David Morgan & Co Limited
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