2023-09-01 23 May 2025 Simon Byrne David Morgan & Co Limited 09440865 2024-08-31 09440865 2023-09-01 2024-08-31 09440865 2023-08-31 09440865 2022-09-01 2023-08-31 09440865 uk-core:WithinOneYear 2023-08-31 09440865 uk-core:WithinOneYear 2024-08-31 09440865 uk-core:AfterOneYear 2023-08-31 09440865 uk-core:AfterOneYear 2024-08-31 09440865 uk-core:ShareCapital 2024-08-31 09440865 uk-core:ShareCapital 2023-08-31 09440865 uk-core:RetainedEarningsAccumulatedLosses 2024-08-31 09440865 uk-core:RetainedEarningsAccumulatedLosses 2023-08-31 09440865 uk-bus:Director1 2023-09-01 2024-08-31 09440865 uk-core:ComputerEquipment 2023-09-01 2024-08-31 09440865 uk-core:CommercialMotorVehicles 2023-09-01 2024-08-31 09440865 uk-core:FurnitureFittings 2023-09-01 2024-08-31 09440865 uk-core:ComputerEquipment 2023-08-31 09440865 uk-core:FurnitureFittings 2023-08-31 09440865 uk-core:CommercialMotorVehicles 2023-08-31 09440865 uk-core:CommercialMotorVehicles 2024-08-31 09440865 uk-core:FurnitureFittings 2024-08-31 09440865 uk-core:ComputerEquipment 2024-08-31 09440865 uk-core:WithinOneYear 2024-08-31 09440865 uk-core:WithinOneYear 2023-08-31 09440865 uk-core:AfterOneYear uk-core:Secured 2024-08-31 09440865 uk-core:AfterOneYear uk-core:Secured 2023-08-31 iso4217:GBP xbrli:pure 09440865 uk-bus:Audited 2023-09-01 2024-08-31 09440865 uk-bus:FRS102 2023-09-01 2024-08-31 09440865 uk-bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 09440865 uk-bus:FilletedAccounts 2023-09-01 2024-08-31 09440865 uk-bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31
PLATINUM ACCOMMODATION LIMITED
Registered Number:09440865
For the year ended 31 August 2024
England and Wales
Audited Financial Statements
2
For the year ended 31 August 2024
PLATINUM ACCOMMODATION LIMITED
Contents Page
1
Statement of Financial Position
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Notes to the Financial Statements
3
Registered Number :
09440865
As at 31 August 2024
PLATINUM ACCOMMODATION LIMITED
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
94,012
76,383
2
94,012
76,383
Current assets
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
Capital and reserves
Called up share capital
100
100
Retained earnings
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.
A Kiteow Director
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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4
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.
Registered address:
ACCURIST HOUSE
38-52 BAKER STREET
LONDON
W1U 7AL
The presentation currency is £ sterling.
1. Accounting policies
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:
25% Reducing balance
Computer equipment
25% Reducing balance
Motor vehicles
25% Reducing balance
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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5
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
Total
Computer
equipment
Fixtures and
fittings
Motor vehicles
£
£
£
£
Cost or
valuation
At 01 September 2023
166,907
31,550
74,064
61,293
48,512
2,615
45,897
-
Additions
At 31 August 2024
61,293
119,961
34,165
215,419
Provision for depreciation and impairment
At 01 September 2023
90,524
13,934
50,512
26,078
Charge for year
30,883
4,717
17,362
8,804
At 31 August 2024
121,407
18,651
67,874
34,882
At 31 August 2024
Net book value
26,411
52,087
15,514
94,012
At 31 August 2023
35,215
23,552
17,616
76,383
3. Trade and other receivables
2023
2024
£
£
Trade debtors
7,038
84,131
Amounts owed by group undertakings and participating interests
937,249
912,250
Other debtors
112,222
45,925
1,042,306
1,056,509
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6
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
£
£
Bank loans and overdraft
61,569
54,457
Trade creditors
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
Other creditors
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
£
£
Bank loans and overdraft
40,215
65,453
Other creditors
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.
Emphasis of Matter
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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