Place2Invest Ltd 07911632 false 2024-04-01 2025-03-31 2025-03-31 The principal activity of the company is Property Development Digita Accounts Production Advanced 6.30.9574.0 true false 07911632 2024-04-01 2025-03-31 07911632 2025-03-31 07911632 bus:OrdinaryShareClass1 2025-03-31 07911632 bus:OrdinaryShareClass2 2025-03-31 07911632 bus:OrdinaryShareClass3 2025-03-31 07911632 bus:OrdinaryShareClass4 2025-03-31 07911632 bus:OrdinaryShareClass5 2025-03-31 07911632 core:RetainedEarningsAccumulatedLosses 2025-03-31 07911632 core:ShareCapital 2025-03-31 07911632 core:CurrentFinancialInstruments 2025-03-31 07911632 core:CurrentFinancialInstruments core:WithinOneYear 2025-03-31 07911632 core:Non-currentFinancialInstruments 2025-03-31 07911632 core:Non-currentFinancialInstruments core:AfterOneYear 2025-03-31 07911632 core:CostValuation 2025-03-31 07911632 bus:SmallEntities 2024-04-01 2025-03-31 07911632 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 07911632 bus:FilletedAccounts 2024-04-01 2025-03-31 07911632 bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 07911632 bus:RegisteredOffice 2024-04-01 2025-03-31 07911632 bus:Director4 2024-04-01 2025-03-31 07911632 bus:OrdinaryShareClass1 2024-04-01 2025-03-31 07911632 bus:OrdinaryShareClass2 2024-04-01 2025-03-31 07911632 bus:OrdinaryShareClass3 2024-04-01 2025-03-31 07911632 bus:OrdinaryShareClass4 2024-04-01 2025-03-31 07911632 bus:OrdinaryShareClass5 2024-04-01 2025-03-31 07911632 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 07911632 countries:England 2024-04-01 2025-03-31 07911632 2024-03-31 07911632 core:CostValuation 2024-03-31 07911632 2023-04-01 2024-03-31 07911632 2024-03-31 07911632 bus:OrdinaryShareClass1 2024-03-31 07911632 bus:OrdinaryShareClass2 2024-03-31 07911632 bus:OrdinaryShareClass3 2024-03-31 07911632 bus:OrdinaryShareClass4 2024-03-31 07911632 bus:OrdinaryShareClass5 2024-03-31 07911632 core:RetainedEarningsAccumulatedLosses 2024-03-31 07911632 core:ShareCapital 2024-03-31 07911632 core:CurrentFinancialInstruments 2024-03-31 07911632 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 07911632 core:Non-currentFinancialInstruments 2024-03-31 07911632 core:Non-currentFinancialInstruments core:AfterOneYear 2024-03-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 07911632

Place2Invest Ltd

Filleted Unaudited Financial Statements

for the Year Ended 31 March 2025

 

Place2Invest Ltd

(Registration number: 07911632)
Balance Sheet as at 31 March 2025

Note

2025
£

2024
£

Fixed assets

 

Investment property

4

3,936,973

2,793,668

Investments

5

400

400

 

3,937,373

2,794,068

Current assets

 

Debtors

6

6,686,393

7,151,001

Cash at bank and in hand

 

105,756

164,057

 

6,792,149

7,315,058

Creditors: Amounts falling due within one year

7

(7,609,246)

(6,932,204)

Net current (liabilities)/assets

 

(817,097)

382,854

Total assets less current liabilities

 

3,120,276

3,176,922

Creditors: Amounts falling due after more than one year

7

-

(2,772)

Net assets

 

3,120,276

3,174,150

Capital and reserves

 

Called up share capital

9

500

500

Retained earnings

3,119,776

3,173,650

Shareholders' funds

 

3,120,276

3,174,150

 

Place2Invest Ltd

(Registration number: 07911632)
Balance Sheet as at 31 March 2025

For the financial year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 19 August 2025 and signed on its behalf by:
 


Mrs S Woodford
Director

   
 

Place2Invest Ltd

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

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
50-54 Oswald Road
Scunthorpe
North Lincolnshire
DN15 7PQ

Registration number: 07911632

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Group accounts not prepared

The company has taken advantage of the exemption in section 398 of the Companies Act 2006 from the requirement to prepare consolidated financial statements on the grounds that is a small sized group.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.

The company recognises revenue when: the amount of revenue can be reliably measured; it is probable that future economic benefits will flow to the entity; and specific criteria have been met for each of the company's activities.

Tax

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

 

Place2Invest Ltd

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

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by the directors. The directors use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Investments

Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised at the transaction price.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

Place2Invest Ltd

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

3

Staff numbers

The average number of persons employed by the company (including directors) during the year was 3 (2024 - 3).

4

Investment properties

2025
£

At 1 April

2,793,668

Additions

1,143,305

At 31 March

3,936,973

The value of the investment property is reviewed annually by the directors.

There has been no valuation of investment property by an independent valuer.

5

Investments

2025
£

2024
£

Investments in subsidiaries

400

400

Subsidiaries

£

Cost or valuation

At 1 April 2024

400

At 31 March 2025

400

Carrying amount

At 31 March 2025

400

At 31 March 2024

400

6

Debtors

Current

2025
£

2024
£

Amounts owed by related parties

6,674,966

6,825,078

Prepayments

2,028

-

Other debtors

9,399

325,923

 

6,686,393

7,151,001

 

Place2Invest Ltd

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

7

Creditors

Note

2025
£

2024
£

Due within one year

 

Loans and borrowings

8

-

2,026

Trade payables

 

-

1,360

Amounts due to related parties

7,390,833

6,926,318

Other payables

 

218,413

2,500

 

7,609,246

6,932,204

Note

2025
£

2024
£

Due after one year

 

Loans and borrowings

8

-

2,772

8

Loans and borrowings

Current loans and borrowings

2025
£

2024
£

Bank borrowings

-

2,026

Non-current loans and borrowings

2025
£

2024
£

Bank borrowings

-

2,772

9

Share capital

Allotted, called up and fully paid shares

2025

2024

No.

£

No.

£

Ordinary A shares of £1 each

100

100

100

100

Ordinary B shares of £1 each

100

100

100

100

Ordinary C shares of £1 each

100

100

100

100

Ordinary D shares of £1 each

100

100

100

100

Ordinary E shares of £1 each

100

100

100

100

500

500

500

500