REGISTERED NUMBER: 01405906 (England and Wales)

Financial Statements

for the year ended

31 December 2024

for

Plymovent Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

F C Horstmeier

P van Aken

REGISTERED OFFICE:

155 Wellingborough Road

Rushden

Northamptonshire

NN10 9TB

REGISTERED NUMBER:

01405906 (England and Wales)

AUDITORS:

Just Audit Limited

Chartered Accountants and Statutory Auditors

Strelley Hall

Main Street

Strelley

Nottingham

NG8 6PE

SOLICITORS:

Shakespeares

Bridgeway House

Stratford upon Avon

Warwickshire

CV37 6YX

CURRENT ASSETS

Debtors

4

74,044

75,218

Cash at bank

-

8,228

74,044

83,446

CREDITORS

Amounts falling due within one year

5

98,915

96,649

NET CURRENT LIABILITIES

(24,871

)

(13,203

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(24,871

)

(13,203

)

CAPITAL AND RESERVES

Called up share capital

20,000

20,000

Retained earnings

(44,871

)

(33,203

)

SHAREHOLDERS' FUNDS

(24,871

)

(13,203

)

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 23 September 2025 and were signed on its behalf by:

P van Aken - Director

1.	STATUTORY INFORMATION

Plymovent Limited is a private company limited by shares, registered in England and Wales.

The company's registered number is 01405906 and its registered office is at:

155 Wellingborough Road

Rushden

Northamptonshire

NN10 9TB

The presentation currency is 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.

Going Concern

At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future due to the fact that the company has the continued support of the group, which the directors have been given assurance will continue for the foreseeable future. Despite the general economic situation, the group appears to have adequate resources and it continues to trade well. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

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 the value, net of value added tax and discounts, of goods provided to customers, work carried out in respect of services provided to customers and commission received.

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 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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Amounts owed by group undertakings

73,134

73,134

Other debtors

910

2,084

74,044

75,218

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

4,637

-

Trade creditors

2,100

7,427

Taxation and social security

2,101

2,182

Other creditors

90,077

87,040

98,915

96,649

The bank overdraft of £4,637 (2023: £nil) is secured by a debenture over the assets of the company.

Included in Other creditors is 70,000 cumulative, redeemable preference shares of £1 each with a coupon rate of 5%.

The dividends linked to the preference shares have been formally waived, in each of the periods to which they relate, by the holder, Plymovent Group BV, and therefore have not been accrued in these financial statements.

The shareholders have confirmed that they do not intend to redeem the shares within twelve months of the balance sheet date. However, the shares are legally redeemable with a three month notice period, and are therefore classified in amounts falling due within one year.

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

The Report of the Auditors was unqualified.

David Fletcher BA BFP FCA (Senior Statutory Auditor)

for and on behalf of Just Audit Limited

7.	PARENT COMPANY

The parent company of the smallest group that draws up consolidated financial statements which include the results for Plymovent Limited is Ca2W Holding BV (formerly known as Plymovent Holdings BV) and its registered office address is Koraalstraat 9, 1812 RK Alkmaar, The Netherlands.