REGISTERED NUMBER: 14071868 (England and Wales)

Plaspipes Investment Limited

Financial Statements

for the Year Ended 31st December 2024

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

Directors:

Mr O J Mills

Mr J G Mills

Registered office:

12 David Road

Poyle Industrial Estate

Colnbrook

Berkshire

SL3 0DG

Registered number:

14071868 (England and Wales)

Auditors:

Nigel Wilson & Co

Accountants & Statutory Auditor

4th Floor

100 Fenchurch Street

London

EC3M 5JD

Accountants:

Wilson Stevens

4th Floor

100 Fenchurch Street

London

EC3M 5JD

Fixed assets

Tangible assets

4

9,089

10,388

Investment property

5

4,724,526

4,724,526

4,733,615

4,734,914

Current assets

Debtors

6

1,481

1,459

Cash at bank

499,838

154,817

501,319

156,276

Creditors

Amounts falling due within one year

7

4,918,525

4,832,727

Net current liabilities

(4,417,206

)

(4,676,451

)

Total assets less current liabilities

316,409

58,463

Provisions for liabilities

2,272

2,597

Net assets

314,137

55,866

Capital and reserves

Called up share capital

100

100

Retained earnings

314,037

55,766

Shareholders' funds

314,137

55,866

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 Board of Directors and authorised for issue on 4th September 2025 and were signed on its behalf by:

Mr O J Mills - Director

Mr J G Mills - Director

1.	Statutory information

Plaspipes Investment 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.	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.

At the balance sheet date the company's net current liabilities exceeded its assets and the company received assurance from the directors, that they will continue to give financial support to the company for twelve months from the date of signing of these financial statements.

On this basis, the directors considers it appropriate to prepare the financial statements on a going concern basis. However, should the financial support mentioned above not be forthcoming, the going concern basis is used in preparing the company's financial statements may be invalid and adjustments would have to be made to reduce the value of assets to their realisable amount and to provide for any further liabilities which might arise. The financial statements do not include any adjustment to the company's assets or liabilities that might be necessary should this basis not continue to be appropriate.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Fixtures and fittings

-

10% straight line

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation

Taxation for the year 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 statement of financial position date.

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.

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.

3.	Employees and directors

The average number of employees during the year was 2 (2023 - 2 ) .

4.	Tangible fixed assets

Fixtures

and

fittings

£

Cost

At 1st January 2024

and 31st December 2024

12,986

Depreciation

At 1st January 2024

2,598

Charge for year

1,299

At 31st December 2024

3,897

Net book value

At 31st December 2024

9,089

At 31st December 2023

10,388

5.	Investment property

Total

£

Fair value

At 1st January 2024

and 31st December 2024

4,724,526

Net book value

At 31st December 2024

4,724,526

At 31st December 2023

4,724,526

The investment property was valued on an open market basis on 31st December 2024 by the directors.

6.

Debtors: amounts falling due within one year

2024

2023

£

£

Amounts owed by group undertakings

100

100

Other debtors

1,381

1,359

1,481

1,459

7.

Creditors: amounts falling due within one year

2024

2023

£

£

Amounts owed to group undertakings

4,819,141

4,814,594

Taxation and social security

94,850

13,633

Other creditors

4,534

4,500

4,918,525

4,832,727

8.	Disclosure under Section 444(5B) of the Companies Act 2006

The Report of the Auditors was unqualified.

David Hatchard BA FCA (Senior Statutory Auditor)

for and on behalf of Nigel Wilson & Co

9.	Ultimate controlling party

The ultimate controlling party is Plaspipes Holding Limited.

Consolidated accounts are prepared and available from Plaspipes Holding Limited, 12 David Road, Poyle Industrial Estate, Colnbrook, Berkshire, SL3 0DG