Company No: 13057928 (England and Wales)

Contents

• Company Information
• Statement of Financial Position
• Notes to the Financial Statements

DIRECTOR

B L Kent

REGISTERED OFFICE	Woodview Farm
	Landmere Lane
	Ruddington
	Nottingham
	Nottinghamshire
	NG11 6ND
	United Kingdom

COMPANY NUMBER

13057928 (England and Wales)

ACCOUNTANT	S&W Partners (East) LLP
	Stonecross
	Trumpington High Street
	Cambridge
	CB2 9SU

	Note	2024		2023
		£		£
				Restated - note 3
Fixed assets
Tangible assets	5	99,442		62,527
Investments	6	2,128,970		2,232,882
		2,228,412		2,295,409
Current assets
Debtors	7	9,347		6,870
Cash at bank and in hand		25,153		41,909
		34,500		48,779
Creditors: amounts falling due within one year	8	( 984,299)		( 867,846)
Net current liabilities		(949,799)		(819,067)
Total assets less current liabilities		1,278,613		1,476,342
Provision for liabilities	9	( 9,182)		( 30,206)
Net assets		1,269,431		1,446,136
Capital and reserves
Called-up share capital		300		300
Profit and loss account		1,269,131		1,445,836
Total shareholders' funds		1,269,431		1,446,136

For the financial year ending 31 December 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Income Statement has not been delivered.

The financial statements of Plumtree Consultants Limited (registered number: 13057928) were approved and authorised for issue by the Director on 05 September 2025. They were signed on its behalf by:

B L Kent Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Plumtree Consultants Limited (the Company) 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 Woodview Farm, Landmere Lane, Ruddington, Nottingham, Nottinghamshire, NG11 6ND, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with ‘The Financial Reporting Standard applicable in the UK and the Republic of Ireland’ issued by the Financial Reporting Council, including Section 1A of Financial Reporting Standard 102 (FRS102), and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The functional currency of Plumtree Consultants Limited is considered to be pounds sterling because that is the currency of the primary economic environment in which the Company operates.

These financial statements are separate financial statements.

Going concern

The financial statements have been prepared on a going concern basis.

The director has made an assessment in preparing these financial statements as to whether the Company is a going concern and have concluded that there are no material uncertainties that may cast significant doubt on the Company's ability to continue as a going concern for a period of at least 12 months from the date of approval of these financial statements.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable. Where a contract has only been partially completed at the Statement of Financial Position date turnover represents the fair value of the service provided to date based on the stage of completion of the contract activity at the Statement of Financial Position date. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on enacted or substantively enacted tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit. Deferred tax assets are recognised only to the extent that it is probable that future taxable profit will be available against which the temporary differences can be utilised.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Vehicles	4 years straight line
Fixtures and fittings	4 years straight line
Office equipment	4 years straight line
Computer equipment	4 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Fixed asset investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities.

2.Transition to FRS102

The Company has adopted FRS 102 Section 1a for the year ended 31 December 2024 and has restated the comparative year amounts.

Reconciliation of equity

		01.01.2023		31.12.2023
		£		£
Capital and reserves (as previously stated)		1,183,805		1,236,947
Increase in net profit due to restatement of accounts		0		209,189
Capital and reserves (as restated)		1,183,805		1,446,136

Reconciliation of profit or loss

				31.12.2023
				£
Profit for the year (as previously stated)				53,142
Revaluation of fixed asset investments				221,948
Profit on disposal of fixed asset investments				6,480
Income received from fixed asset investments				25,985
Management fees from fixed asset investments				(15,018)
Deferred tax movement in the year				(30,206)
Profit for the year (as restated)				262,331

3. Prior year adjustment

The Company has restated the comparatives for the year ended 31 December 2023. The cost of listed investments were previously understated which has now been corrected. In addition, movements in listed investments (both additions and disposals) had been excluded in error, as well as investment income (of £25,985) and investment fees (of £15,018). After including these – and the profit on disposal of the omitted investment disposals (of £6,480), this resulted in the profit for the previous year being increased by £17,447.

The comparatives have also been restated to recognise the listed investments at their market value as at 31 December 2023. The revaluation uplift of £221,948 has now been included, as has the deferred tax movement on the uplift of £(30,206). These adjustments combined give a total prior year adjustment increase to the profit and loss account of £209,189 from the original £1,236,647 to £1,445,836.

4. Employees

	2024		2023
	Number		Number
Monthly average number of persons employed by the Company during the year, including the director	2		2

5. Tangible assets

	Vehicles		Fixtures and fittings		Office equipment		Computer equipment		Total
	£		£		£		£		£
Cost
At 01 January 2024	95,507		100		4,533		4,585		104,725
Additions	101,602		0		0		1,017		102,619
Disposals	( 95,507)		0		0		0		( 95,507)
At 31 December 2024	101,602		100		4,533		5,602		111,837
Accumulated depreciation
At 01 January 2024	38,669		31		1,815		1,683		42,198
Charge for the financial year	24,074		25		1,134		1,355		26,588
Disposals	( 56,391)		0		0		0		( 56,391)
At 31 December 2024	6,352		56		2,949		3,038		12,395
Net book value
At 31 December 2024	95,250		44		1,584		2,564		99,442
At 31 December 2023	56,838		69		2,718		2,902		62,527

6. Fixed asset investments

	Listed investments		Total
	£		£
Cost or valuation before impairment
At 01 January 2024	2,232,882		2,232,882
Additions	890,879		890,879
Disposals	( 1,099,578)		( 1,099,578)
Movement in fair value	104,787		104,787
At 31 December 2024	2,128,970		2,128,970
Carrying value at 31 December 2024	2,128,970		2,128,970
Carrying value at 31 December 2023	2,232,882		2,232,882

7. Debtors

	2024		2023
	£		£
Trade debtors	0		3,321
Prepayments and accrued income	9,347		3,549
	9,347		6,870

8. Creditors: amounts falling due within one year

	2024		2023
	£		£
Bank loans (secured)	780,142		0
Amounts owed to director	69,671		865,242
Accruals	2,400		1,650
Other taxation and social security	62,532		954
Other creditors	69,554		0
	984,299		867,846

There is a fixed and floating charge held over the assets of the company by the lender.

9. Deferred tax

	2024		2023
	£		£
At the beginning of financial year	( 30,206)		0
Credited/(charged) to the Income Statement	21,024		( 30,206)
At the end of financial year	( 9,182)		( 30,206)