Caseware UK (AP4) 2024.0.164 2024.0.164 2024-08-312024-08-312025-05-3032023-09-01falseNo description of principal activity3truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 01964716 2023-09-01 2024-08-31 01964716 2022-09-01 2023-08-31 01964716 2024-08-31 01964716 2023-08-31 01964716 c:Director1 2023-09-01 2024-08-31 01964716 d:FurnitureFittings 2023-09-01 2024-08-31 01964716 d:FurnitureFittings 2024-08-31 01964716 d:FurnitureFittings 2023-08-31 01964716 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 01964716 d:FreeholdInvestmentProperty 2024-08-31 01964716 d:FreeholdInvestmentProperty 2023-08-31 01964716 d:CurrentFinancialInstruments 2024-08-31 01964716 d:CurrentFinancialInstruments 2023-08-31 01964716 d:CurrentFinancialInstruments d:WithinOneYear 2024-08-31 01964716 d:CurrentFinancialInstruments d:WithinOneYear 2023-08-31 01964716 d:ShareCapital 2024-08-31 01964716 d:ShareCapital 2023-08-31 01964716 d:SharePremium 2024-08-31 01964716 d:SharePremium 2023-08-31 01964716 d:RetainedEarningsAccumulatedLosses 2024-08-31 01964716 d:RetainedEarningsAccumulatedLosses 2023-08-31 01964716 c:FRS102 2023-09-01 2024-08-31 01964716 c:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 01964716 c:FullAccounts 2023-09-01 2024-08-31 01964716 c:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 01964716 d:OtherDeferredTax 2024-08-31 01964716 d:OtherDeferredTax 2023-08-31 01964716 e:PoundSterling 2023-09-01 2024-08-31 iso4217:GBP xbrli:pure

Registered number: 01964716









PLIMTO PROPERTIES LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 AUGUST 2024

 
PLIMTO PROPERTIES LIMITED
REGISTERED NUMBER: 01964716

BALANCE SHEET
AS AT 31 AUGUST 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
2,619
3,274

Investment property
 5 
9,055,000
9,055,000

  
9,057,619
9,058,274

Current assets
  

Debtors: amounts falling due within one year
 6 
1,147,398
1,111,913

Cash at bank and in hand
 7 
2,140,733
1,901,947

  
3,288,131
3,013,860

Creditors: amounts falling due within one year
 8 
(206,405)
(161,362)

Net current assets
  
 
 
3,081,726
 
 
2,852,498

Total assets less current liabilities
  
12,139,345
11,910,772

Provisions for liabilities
  

Deferred tax
 9 
(817,097)
(817,097)

  
 
 
(817,097)
 
 
(817,097)

Net assets
  
11,322,248
11,093,675


Capital and reserves
  

Called up share capital 
  
1,070
1,070

Share premium account
  
1,087,430
1,087,430

Profit and loss account
  
10,233,748
10,005,175

  
11,322,248
11,093,675


Page 1

 
PLIMTO PROPERTIES LIMITED
REGISTERED NUMBER: 01964716
    
BALANCE SHEET (CONTINUED)
AS AT 31 AUGUST 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




J Shamash
Director

Date: 30 May 2025

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
PLIMTO PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

1.


General information

Plimto Properties Limited is a limited company incorporated in the United Kingdom. The registered office is Ground Floor, 45 Pall Mall, London, SW1Y 5JG.
The principal activity of the company continued to be that of property investment.
The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest pound.
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

 
2.2

Revenue

Rental income represents rent receivable from investment properties.

 
2.3

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


Page 3

 
PLIMTO PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

2.Accounting policies (continued)

 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Fixtures and fittings
-
20%
on written down value

 
2.5

Investment properties

Investment properties are included in the balance sheet at their open market value. No depreciation
is provided. Changes in fair value are recognised in the Statement of Income and Retained Earnings.

 
2.6

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

2024
2023
£
£

Wages and salaries
117,000
92,000

Social security costs
6,067
4,402

123,067
96,402


The average monthly number of employees, including directors, during the year was 3 (2023 - 3).

Page 4

 
PLIMTO PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

4.


Tangible fixed assets





Fixtures and fittings

£



Cost


At 1 September 2023
36,438



At 31 August 2024

36,438



Depreciation


At 1 September 2023
33,164


Charge for the year on owned assets
655



At 31 August 2024

33,819



Net book value



At 31 August 2024
2,619



At 31 August 2023
3,274

Page 5

 
PLIMTO PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

5.


Investment properties


Freehold investment properties

£



Valuation


At 1 September 2023
9,055,000



At 31 August 2024
9,055,000

The 2024 valuations were made by the directors, on an open market value for existing use basis.



If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:

2024
2023
£
£


Historic cost
2,498,574
2,498,574

2,498,574
2,498,574

Page 6

 
PLIMTO PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024


6.


Debtors

2024
2023
£
£


Trade debtors
92,295
80,174

Amounts owed by group undertakings
2,220
1,720

Other debtors
1,036,141
1,026,751

Prepayments and accrued income
16,742
3,268

1,147,398
1,111,913



7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
2,140,733
1,901,947

2,140,733
1,901,947



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Corporation tax
101,253
81,218

Other creditors
90,152
65,144

Accruals and deferred income
15,000
15,000

206,405
161,362


Page 7

 
PLIMTO PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024


9.


Deferred taxation




2024


£






At beginning of year
(817,097)



At end of year
(817,097)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Revaluation of investment properties
(817,097)
(817,097)

(817,097)
(817,097)


10.


Related party transactions

Included in debtors is an amount of £22,650 (2023: £22,406) owing by Jimsham London Limited, a company of which J Shamash and E Shamash are directors.
Included in debtors is an amount of £978,653 
(2023: £978,653) owing by Chiltern W1 Limited, a company of which E Shamash is a director.


11.


Controlling party

Plimto Properties Limited is a subsidiary of Devonshire Holdings Limited, a company incorporated in England and Wales.
As at the balance sheet date, the ultimate controlling company is Devonshire Holdings Limited.

 
Page 8