ACCOUNTS - Final Accounts preparation

Company registration number: 12285680

	UNAUDITED FINANCIAL STATEMENTS
	FOR THE YEAR ENDED 31 DECEMBER 2024

	PLAIDY HOLDINGS LIMITED


PLAIDY HOLDINGS LIMITED

COMPANY INFORMATION

Directors	R Bowden
	C Bowden
	V E Bowden (appointed 8 March 2024)


Registered number	12285680


Registered office	2nd Floor Midas House
	62 Goldsworth Road
	Woking
	Surrey
	GU21 6LQ


Accountants	Menzies LLP
	Chartered Accountants
	2nd Floor, Midas House
	62 Goldsworth Road
	Woking
	Surrey
	GU21 6LQ


PLAIDY HOLDINGS LIMITED

CONTENTS

	Page
Statement of Financial Position	1 - 2
Notes to the Financial Statements	3 - 5


PLAIDY HOLDINGS LIMITED REGISTERED NUMBER:12285680

STATEMENT OF FINANCIAL POSITION

AS AT 31 DECEMBER 2024

		2024		2023
Note		£		£

Fixed assets
Investment property	4		2,932,586		2,932,586
			2,932,586		2,932,586
Current assets
Debtors: amounts falling due within one year	5	33,357		15,806
Cash at bank and in hand		179,137		182,450
		212,494		198,256
Creditors: amounts falling due within one year	6	(2,519,223)		(2,544,289)
Net current liabilities			(2,306,729)		(2,346,033)
Total assets less current liabilities			625,857		586,553

Net assets			625,857		586,553

Capital and reserves
Called up share capital	200	200
Share premium account	511,168	511,168
Profit and loss account	114,489	75,185
	625,857	586,553

Page 1


PLAIDY HOLDINGS LIMITED REGISTERED NUMBER:12285680

STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 31 DECEMBER 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

................................................

R Bowden

Director

Date: 25 September 2025

The notes on pages 3 to 5 form part of these financial statements.

Page 2


PLAIDY HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

1.	General information

Plaidy Holdings Limited is a private Company limited by shares incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is disclosed on the company information page.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

2.2

Revenue

Revenue is generated from rental income and is recongised over the terms of the lease.

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding value added tax.

2.3

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

2.4

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income 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 income.

2.5

Investment property

Investment property is carried at fair value determined annually by directors and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

Page 3


PLAIDY HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

2.6

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Employees

The average monthly number of employees, including directors, during the year was 3 (2023 - 2).

4.	Investment property

		Long term leasehold investment property
		£
	Valuation
	At 1 January 2024	2,932,586
	At 31 December 2024	2,932,586

The directors deem there to be no material movement in the fair value of the investment property cost figures shown as at 31 December 2024.

Debtors

					2024	2023
					£	£


Trade debtors	26,177	15,182
Other debtors	-	624
Prepayments and accrued income	7,180	-
	33,357	15,806

Page 4


PLAIDY HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

6.	Creditors: Amounts falling due within one year
		2024	2023
		£	£

Trade creditors	-	2,040
Corporation tax	13,102	31,289
Other taxation and social security	287	-
Other creditors	2,502,734	2,502,270
Accruals and deferred income	3,100	8,690
	2,519,223	2,544,289

7.	Transactions with directors
	An amount of £2,462,619 (2023 - £2,462,619) is owed to a director at the year end. No interest has been applied to this balance.

Page 5