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REGISTERED NUMBER: 07875085 (England and Wales)















Financial Statements

for the Year Ended 31 March 2025

for

Plater Chemicals Properties Limited

Plater Chemicals Properties Limited (Registered number: 07875085)






Contents of the Financial Statements
for the Year Ended 31 March 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Plater Chemicals Properties Limited

Company Information
for the Year Ended 31 March 2025







DIRECTOR: B S Hendon



REGISTERED OFFICE: Alrewas House
Main Street
Alrewas
Burton upon Trent
Staffordshire
DE13 7ED



REGISTERED NUMBER: 07875085 (England and Wales)



SENIOR STATUTORY AUDITOR: Susanna D Ault FCCA ACA



AUDITORS: Tomkinson Teal (Lichfield) LLP
Hanover Court
5 Queen Street
Lichfield
Staffordshire
WS13 6QD

Plater Chemicals Properties Limited (Registered number: 07875085)

Balance Sheet
31 March 2025

2025 2024
Notes £    £   
FIXED ASSETS
Property, plant and equipment 5 3,823,888 3,916,043

CURRENT ASSETS
Debtors 6 177 196
Cash at bank 84 84
261 280
CREDITORS
Amounts falling due within one year 7 (45,665 ) (44,067 )
NET CURRENT LIABILITIES (45,404 ) (43,787 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,778,484

3,872,256

CREDITORS
Amounts falling due after more than one
year

8

(2,052,705

)

(2,293,572

)

PROVISIONS FOR LIABILITIES 10 (247,099 ) (185,797 )
NET ASSETS 1,478,680 1,392,887

CAPITAL AND RESERVES
Called up share capital 11 100 100
Retained earnings 12 1,478,580 1,392,787
SHAREHOLDERS' FUNDS 1,478,680 1,392,887

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 17 June 2025 and were signed by:





B S Hendon - Director


Plater Chemicals Properties Limited (Registered number: 07875085)

Notes to the Financial Statements
for the Year Ended 31 March 2025

1. STATUTORY INFORMATION

Plater Chemicals Properties Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover represents rental income, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 50 years straight line
Plant and machinery etc - 50 years straight line

Freehold land is not depreciated.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Operating lease income
Rentals receivable under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.

Plater Chemicals Properties Limited (Registered number: 07875085)

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

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

5. PROPERTY, PLANT AND EQUIPMENT
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2024
and 31 March 2025 2,122,158 2,750,000 4,872,158
DEPRECIATION
At 1 April 2024 385,481 570,634 956,115
Charge for year 37,155 55,000 92,155
At 31 March 2025 422,636 625,634 1,048,270
NET BOOK VALUE
At 31 March 2025 1,699,522 2,124,366 3,823,888
At 31 March 2024 1,736,677 2,179,366 3,916,043

Included in cost of land and buildings is freehold land of £ 264,418 (2024 - £ 264,418 ) which is not depreciated.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Amounts owed by group undertakings 100 100
Other debtors 77 96
177 196

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Taxation and social security 41,495 39,148
Other creditors 4,170 4,919
45,665 44,067

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2025 2024
£    £   
Amounts owed to group undertakings 2,052,705 2,293,572

Plater Chemicals Properties Limited (Registered number: 07875085)

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

9. LEASING AGREEMENTS
Commitments under operating leases.

The company as lessor:

At the year end, the company had contracted with tenants, under non-cancellable operating leases, for the following future minimum lease payments:

2025 2024
£    £   
Amounts receivable:
Less than one year 300,000 300,000
Between one and five years 1,500,000 1,500,000
More than 5 years 175,000 475,000
2,275,000 2,575,000

The operating leases represent one property rented to a related party. Leases are negotiated over an average term of 10 years from the date of inception and rentals are subject to review annually on the anniversary of the start of the lease term. There are no options in place for either party to extend the lease terms.

10. PROVISIONS FOR LIABILITIES
2025 2024
£    £   
Deferred tax 247,099 185,797

Deferred
tax
£   
Balance at 1 April 2024 185,797
Charge to Profit and Loss Account during year 61,302
Balance at 31 March 2025 247,099

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2025 2024
value: £    £   
100 Ordinary £1 100 100

12. RESERVES
Retained
earnings
£   

At 1 April 2024 1,392,787
Profit for the year 85,793
At 31 March 2025 1,478,580

Plater Chemicals Properties Limited (Registered number: 07875085)

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

13. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Susanna D Ault FCCA ACA (Senior Statutory Auditor)
for and on behalf of Tomkinson Teal (Lichfield) LLP

14. ULTIMATE CONTROLLING PARTY

The controlling party is Plater Chemicals Group Limited.

The ultimate controlling party is B S Hendon.

Plater Chemicals Group Limited's registered office is Alrewas House, Main Street, Alrewas, Burton upon Trent, Staffordshire, DE13 7ED.

The consolidated financial statements in which Plater Chemicals Properties Ltd are published are those prepared by Ptater Chemicals Group Ltd, which are available from Companies House.