REGISTERED NUMBER: 14519486 (England and Wales)

Unaudited Financial Statements

for the Period 31 March 2024 to 31 December 2024

for

PlanProtect Limited

Page

Balance Sheet

1

Notes to the Financial Statements

2

FIXED ASSETS

Intangible assets

4

100,688

54,844

Tangible assets

5

3,881

831

104,569

55,675

CURRENT ASSETS

Debtors

6

8,333

8,382

Cash at bank

3,563

480

11,896

8,862

CREDITORS

Amounts falling due within one year

7

44,379

1,223,670

NET CURRENT LIABILITIES

(32,483

)

(1,214,808

)

TOTAL ASSETS LESS CURRENT LIABILITIES

72,086

(1,159,133

)

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

72,085

(1,159,134

)

72,086

(1,159,133

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 16 September 2025 and were signed by:

C T Duwell - Director

1.	STATUTORY INFORMATION

PlanProtect Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

14519486

Registered office:

Suite F2, The Annex

Seven Hills Business Centre

Morley

Leeds

West Yorkshire

LS27 8AT

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Turnover

The Company generates revenue principally from commission and fees associated with operating as insurance distribution agent. revenues from brokerage, commission, and fees from insurance intermediary businesses are recognised at the later of when notification of the policy sale has been received or the effective commencement date of the related policy. Any amendments to policies are recognised on the transactions date, whether resulting from additional premiums, cancellation, or return premium.

Goodwill

Goodwill recognised represents the excess of the fair value and directly attributable costs of the purchase consideration over the fair values in the identifiable net assets, liabilities and contingent liabilities acquired. On acquisition, goodwill is allocated to cash-generating units that are expected to benefit from the combination. Goodwill is amortised over its expected useful life which is 10 years.

At each reporting period end the Company considers whether goodwill is to be impaired.

Intangible assets

Intangible assets are stated at cost less accumulated amortization and impairment losses. Amortisation is calculated, using straight line method, to allocate the depreciable amount of the assets to their residual values over their expected useful lives being a period of 4 years.

At each reporting period end the Company considers whether intangible assets are to be impaired.

Tangible fixed assets

Tangible assets are stated at cost (or deemed cost) less accumulated depreciation and accumulated impairment costs. Cost includes the original purchase price, costs directly attributable to bringing the asset to its working condition for its intended use, dismantling and restoration costs and capitalised borrowing costs.

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, 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 period 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Insurance balances

Insurance balances, being amounts receivable from policyholders in respect of net written premiums and payable to the insurer and insurance monies held in designated insurance money accounts are only recognised to the extent that the Company retains the risks and rewards of ownership. Following consideration by management, amounts receivable from the policyholder in respect of net written premiums and payable to the insurer are not included as an asset or a liability as they do not meet the recognition criteria of a financial asset or liability. In addition, insurance monies held in designated insurance money accounts are not recognised on the balance sheet as the Company is not legally entitled to these funds.

Financial assets

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at transaction costs, including transaction costs, and are measured subsequently at amortised cost using the effective interest rate method, less any impairment.

Financial liabilities

Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at transaction price, inclusive of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 4 (2024 - 3 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 31 March 2024

55,500

Additions

66,000

At 31 December 2024

121,500

AMORTISATION

At 31 March 2024

656

Charge for period

20,156

At 31 December 2024

20,812

NET BOOK VALUE

At 31 December 2024

100,688

At 30 March 2024

54,844

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 31 March 2024

973

Additions

3,342

At 31 December 2024

4,315

DEPRECIATION

At 31 March 2024

142

Charge for period

292

At 31 December 2024

434

NET BOOK VALUE

At 31 December 2024

3,881

At 30 March 2024

831

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

30.3.24

£

£

Trade debtors

7,332

3,382

Other debtors

1,001

5,000

8,333

8,382

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

30.3.24

£

£

Trade creditors

11,463

25,843

Amounts owed to group undertakings

996

1,171,574

Taxation and social security

18,399

8,733

Other creditors

13,521

17,520

44,379

1,223,670

8.	RELATED PARTY DISCLOSURES

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.

9.	ULTIMATE PARENT UNDERTAKING

The immediate parent undertaking is Dutopia Group Limited following its acquisition of the entire issued share capital in the Company from Bspoke Central Services Ltd on 29 November 2024.