REGISTERED NUMBER: 09589354 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

PLANNATECH (UK) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr R E Haycox

Mr M G Jacobs

REGISTERED OFFICE:

55 Loudoun Road

St John's Wood

London

NW8 0DL

REGISTERED NUMBER:

09589354 (England and Wales)

AUDITORS:

Hill Eckersley & Co

1 Pavilion Square

Cricketers Way

Westhoughton

Bolton

Greater Manchester

BL5 3AJ

FIXED ASSETS

Intangible assets

4

5,987

9,835

CURRENT ASSETS

Debtors

5

138,275

117,273

Cash at bank

284,056

150,551

422,331

267,824

CREDITORS

Amounts falling due within one year

6

(311,236

)

(247,353

)

NET CURRENT ASSETS

111,095

20,471

TOTAL ASSETS LESS CURRENT LIABILITIES

117,082

30,306

CAPITAL AND RESERVES

Called up share capital

8

500

500

Retained earnings

116,582

29,806

SHAREHOLDERS' FUNDS

117,082

30,306

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 29 September 2025 and were signed on its behalf by:

Mr R E Haycox - Director

1.	STATUTORY INFORMATION

Plannatech (UK) 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.

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

Turnover represents the fair value of the supply of services during the reporting period. Turnover is recognised when the following conditions are satisfied;

The customer has received the service.

The amount of revenue can be reliably measured.

It is probable that the company will receive the consideration due under the transaction.

Turnover is shown excluding value added tax.

Intangible fixed assets

Amortisation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer software - 18% reducing balance

Financial instruments

The company has elected to apply the provisions of FRS 102 Section 11 'Basic Financial Instruments' to all of its financial instruments. The following assets and liabilities are classified as financial instruments; bank accounts, trade debtors, director's loan accounts, trade creditors and accruals. Financial instruments that are payable or receivable within one year are measured initially and subsequently at the undiscounted amount of the cash or other consideration that is expected to be paid or received. Financial instruments repayable in more than one year are initially measured at present value of the future payments and subsequently at amortised cost using the effective interest method unless the effect of discounting would be immaterial.

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.

3.	EMPLOYEES AND DIRECTORS

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

4.	INTANGIBLE FIXED ASSETS

Computer

software

£

COST

At 1 January 2024

and 31 December 2024

64,433

AMORTISATION

At 1 January 2024

54,598

Amortisation for year

3,848

At 31 December 2024

58,446

NET BOOK VALUE

At 31 December 2024

5,987

At 31 December 2023

9,835

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

107,422

98,798

Other debtors

30,853

18,475

138,275

117,273

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade creditors

1,039

1,084

Amounts owed to participating interests

29,806

-

Taxation and social security

41,179

12,473

Other creditors

239,212

233,796

311,236

247,353

7.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31.12.24

31.12.23

£

£

Within one year

12,300

-

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

£

£

500

Ordinary

£1

500

500

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

The Report of the Auditors was unqualified.

Anna Heyes FCA (Senior Statutory Auditor)

for and on behalf of Hill Eckersley & Co

10.	RELATED PARTY DISCLOSURES

Plannatech (Isle of Man) Limited

A company controlled by the parent company Plannatech Holdings Ltd.

During the year Plannatech (UK) Limited billed Plannatech (Isle of Man) Limited £60,000 (2023 £60,000) for licence fees which was received in full.

Plannatech (Malta) Limited

A company controlled by the parent company Plannatech Holdings Ltd.

During the year Plannatech (UK) Limited billed Plannatech (Malta) Limited £298,487 (2023 £215,417) for licence fees of which £107,422 was outstanding as at the year-end.

11.	ULTIMATE CONTROLLING PARTY

The controlling party is Plannatech Holdings Ltd (Isle ofMan).

The ultimate controlling party is Mr R E Haycox.

The parent company Plannatech Holdings Ltd (Isle of Man) is 100% owned and controlled by the director R E Haycox.