PLMD ESTATES LTD

	Page
Director's Report	1
Accountant's Report	2
Consolidated Income Statement	3
Consolidated Statement of Financial Position	4—5
Company Statement of Financial Position	6—7
Consolidated Statement of Changes in Equity	8
Notes to the Financial Statements	9—14

The director presents his report and the financial statements for the year ended 31 December 2024.

Directors

The director who held office during the year were as follows:

Mr Ajay Kapur

Statement of Director's Responsibilities

The director is responsible for preparing the Director's Report and the financial statements in accordance with applicable law and regulations.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the director must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the group and of the profit or loss of the group for that period. In preparing the financial statements the director is required to:

select suitable accounting policies and then apply them consistently;
make judgments and accounting estimates that are reasonable and prudent;
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company and group's transactions and disclose with reasonable accuracy at any time the financial position of the company and the group and enable them to ensure that the financial statements comply with the Companies Act 2006. He is also responsible for safeguarding the assets of the company and the group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The director is responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

Small Company Rules

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

On behalf of the board

Mr Ajay Kapur

Director

29/09/2025

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PLMD ESTATES LTD

Accountant's Report

For The Year Ended 31 December 2024

Accountant's Report

In accordance with the engagement letter dated , and in order to assist you to fulfil your duties under the Companies Act 2006, we have compiled the financial statements of the company from the accounting records and information and explanations you have given to us.

This report is made to the director in accordance with the terms of our engagement. Our work has been undertaken to prepare for approval by the director the financial statements that we have been engaged to compile, to report to the director that we have done so, and to state those matters that we have agreed to state to them in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's director for our work or for this report.

You have acknowledged on the statement of financial position as at year ended 31 December 2024 your duty to ensure that the company has kept proper accounting records and to prepare financial statements that give a true and fair view under the Companies Act 2006. You consider that the company is exempt from the statutory requirement for an audit for the year.

We have not been instructed to carry out an audit of the financial statements. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.

Signed

29/09/2025

AITA LTD

837

Cranbrook Road,

Ilford

England

IG6 1JD

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PLMD ESTATES LTD

Consolidated Income Statement

For The Year Ended 31 December 2024

Consolidated Income Statement

		2024	2023
	Notes	£	£
TURNOVER		938,699	832,748
Cost of sales		(67,346 )	(30,000 )

GROSS PROFIT		871,353	802,748

Administrative expenses		(877,972 )	(753,510 )
Other operating income		16,749	15,113
Fair value gains on investment properties		290,681	-

OPERATING PROFIT		300,811	64,351
Fair value gains on investment properties		-	25,438

PROFIT BEFORE TAXATION		300,811	89,789
Tax on Profit		(253,150 )	(31,785 )

PROFIT AFTER TAXATION BEING PROFIT FOR THE FINANCIAL YEAR ATTRIBUTABLE TO THE OWNERS OF THE PARENT		47,661	58,004

The notes on pages 9 to 14 form part of these financial statements.

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PLMD ESTATES LTD

Consolidated Statement of Financial Position

As At 31 December 2024

Consolidated Statement of Financial Position

Registered number: 13043632

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		1,322		1,651
Investment Properties	5		23,351,088		22,508,040

			23,352,410		22,509,691
CURRENT ASSETS
Debtors	7	800,347		538,998
Cash at bank and in hand		19,344		1,794

		819,691		540,792
Creditors: Amounts Falling Due Within One Year	8	(1,253,975 )		(1,189,336 )

NET CURRENT ASSETS (LIABILITIES)			(434,284 )		(648,544 )

TOTAL ASSETS LESS CURRENT LIABILITIES			22,918,126		21,861,147

Creditors: Amounts Falling Due After More Than One Year	9		(16,603,581 )		(15,591,251 )

PROVISIONS FOR LIABILITIES
Provisions For Charges	11		(174,770 )		(189,728 )
Deferred Taxation	10		(1,131,916 )		(886,582 )

NET ASSETS			5,007,859		5,193,586

CAPITAL AND RESERVES
Called up share capital	12		1,146,746		1,146,746
Share premium account			337,384		338,679
Revaluation reserve	13		713,849		713,849
Other reserves			(20,000 )		(20,000 )
Fair value reserve	13		2,624,804		3,065,804
Income Statement			205,076		(51,492 )

SHAREHOLDERS' FUNDS			5,007,859		5,193,586

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PLMD ESTATES LTD

Consolidated Statement of Financial Position (continued)

As At 31 December 2024

For the 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.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

On behalf of the board

Mr Ajay Kapur

Director

29/09/2025

The notes on pages 9 to 14 form part of these financial statements.

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PLMD ESTATES LTD

Company Statement of Financial Position

As At 31 December 2024

Company Statement of Financial Position

Registered number: 13043632

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Investments	6		1,146,541		1,124,357

			1,146,541		1,124,357
CURRENT ASSETS
Debtors	7	20,000		-
Cash at bank and in hand		205		100

		20,205		100
Creditors: Amounts Falling Due Within One Year	8	(20,375 )		-

NET CURRENT ASSETS (LIABILITIES)			(170 )		100

TOTAL ASSETS LESS CURRENT LIABILITIES			1,146,371		1,124,457

NET ASSETS			1,146,371		1,124,457

CAPITAL AND RESERVES
Called up share capital	12		1,146,746		1,124,457
Other reserves			(20,000 )		(20,000 )
Income Statement			19,625		20,000

SHAREHOLDERS' FUNDS			1,146,371		1,124,457

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PLMD ESTATES LTD

Company Statement of Financial Position (continued)

As At 31 December 2024

In accordance with section 408(3) of the Companies Act 2006, the company has not presented its own profit and loss account and the related notes. The company's loss for the year was £(375 ) (2023: £ profit/(loss)).

For the 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.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.

On behalf of the board

Mr Ajay Kapur

Director

29/09/2025

The notes on pages 9 to 14 form part of these financial statements.

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PLMD ESTATES LTD

Consolidated Statement of Changes in Equity

For The Year Ended 31 December 2024

Consolidated Statement of Changes in Equity

	Share Capital	Share Premium	Revaluation reserve	Other reserves
	£	£	£	£
As at 1 January 2023	1,146,746	317,592	713,849	-
Profit for year	-	-	-	-

Other comprehensive income (expense) type A	-	-	-	(20,000)

Other comprehensive income for the year	-	-	-	(20,000 )

Total comprehensive income for the year	-	-	-	(20,000)

Dividends paid	-	-	-	-
Arising on shares issued during the period	-	21,087	-	-

As at 31 December 2023 and 1 January 2024	1,146,746	338,679	713,849	(20,000 )


Profit for year	-	-	-	-

Other comprehensive income (expense) type A	-	-	-	-

Other comprehensive income for the year	-	-	-	-

Total comprehensive income for the year	-	-	-	-

Arising on shares issued during the period	22,289	-	-	-
Purchase of own shares	-	(1,295 )	-	-
Transfer to/from Fair value reserve	-	-	-	-
Transfer to/from Profit & Loss Account	-	-	-	-

As at 31 December 2024	1,146,746	337,384	713,849	(20,000 )

	Fair value reserve	Income Statement	Total
	£	£	£
As at 1 January 2023	3,065,804	9,772	5,253,763
Profit for year	-	58,004	58,004

Other comprehensive income (expense) type A	-	20,000	-

Other comprehensive income for the year	-	20,000	-

Total comprehensive income for the year	-	78,004	58,004

Dividends paid	-	(139,268)	(139,268)
Arising on shares issued during the period	-	-	21,087

As at 31 December 2023 and 1 January 2024	3,065,804	(51,492 )	5,193,586


Profit for year	-	47,661	47,661

Other comprehensive income (expense) type A	-	15,588	15,588

Other comprehensive income for the year	-	15,588	15,588

Total comprehensive income for the year	-	63,249	63,249

Arising on shares issued during the period	-	-	22,289
Purchase of own shares	-	-	(1,295)
Transfer to/from Fair value reserve	-	193,319	193,319
Transfer to/from Profit & Loss Account	(441,000 )	-	(441,000)

As at 31 December 2024	2,624,804	205,076	5,007,859

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PLMD ESTATES LTD

Notes to the Financial Statements

For The Year Ended 31 December 2024

Notes to the Financial Statements

1. General Information

PLMD ESTATES LTD is a private company, limited by shares, incorporated in England & Wales, registered number 13043632 . The registered office is 30 Penny Brookes Street, London, E15 1GP.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Basis Of Consolidation

The group consolidated financial statements include the financial statements of the company and all of its subsidiary undertakings together with the group’s share of the results of associates made up to 31 December 2024.

A subsidiary is an entity controlled by the group. Control is the power to govern the financial and operating policies of an entity so as to obtain benefits from its activities. Where the group owns less than 50% of the voting powers of an entity but controls the entity by virtue of an agreement with other investors which give it control of the financial and operating policies of the entity, it accounts for that entity as a subsidiary.

Where a subsidiary has different accounting policies to the group, adjustments are made to those subsidiary financial statements to apply the group’s accounting policies when preparing the consolidated financial statements.

An associate is an entity, being neither a subsidiary nor a joint venture, in which the group holds a long-term interest and where the group has significant influence. The group considers that it has significant influence where it has the power to participate in the financial and operating decisions of the associate. The results of associates are accounted for using the equity method of accounting.

Any subsidiary undertakings or associates sold or acquired during the year are included up to, or from, the dates of change of control or change of significant influence respectively.

Where control of a subsidiary is lost, the gain or loss is recognised in the consolidated income statement. The cumulative amounts of any exchange differences on translation, recognised in equity, are not included in the gain or loss on disposal and are transferred to retained earnings. The gain or loss also includes amounts included in other comprehensive income that are required to be reclassified to profit or loss but excludes those amounts that are not required to be reclassified.

Where control of a subsidiary is achieved in stages, the initial acquisition that gave the group control is accounted for as a business combination. Thereafter where the group increases its controlling interest in the subsidiary the transaction is treated as a transaction between equity holders. Any difference between the fair value of the consideration paid and the carrying amount of the non-controlling interest acquired is recognised directly in equity. No changes are made to the carrying value of assets, liabilities or provisions for contingent liabilities.

2.3. Business Combinations

Business combinations are accounted for by applying the purchase method.

The cost of a business combination is the fair value of the consideration given, liabilities incurred or assumed and of equity instruments issued plus the costs directly attributable to the business combination. Where control is achieved in stages the cost is the consideration at the date of each transaction.

Contingent consideration is initially recognised at estimated amount where the consideration is probable and can be measured reliably. Where (i) the contingent consideration is not considered probable or cannot be reliably measured but subsequently becomes probable and measurable or (ii) contingent consideration previously measured is adjusted, the amounts are recognised as an adjustment to the cost of the business combination.

On acquisition of a business, fair values are attributed to the identifiable assets, liabilities and contingent liabilities unless the fair value cannot be measured reliably, in which case the value is incorporated in goodwill. Intangible assets are only recognised separately from goodwill where they are separable and arise from contractual or other legal rights. Where the fair value of contingent liabilities cannot be reliably measured they are disclosed on the same basis as other contingent liabilities.

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PLMD ESTATES LTD

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

2.4. Turnover

Rent receivable is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.5. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	20% on reducing balance
Motor Vehicles	20% on reducing balance
Fixtures & Fittings	20% on reducing balance
Computer Equipment	20% on reducing balance

2.6. Investment Properties

Investment property Investment properties are properties held to earn rentals and for capital appreciation. Investment properties are initially measured at cost, including transaction costs. Subsequently investment properties are measured at fair value. Gains and losses arising from changes in the fair value of investment properties are included in profit or loss in the period in which they arise.

In the opinion of the director, investment property is stated at fair value at the reporting date.

2.7. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The group's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

2.8. 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.

Transactions between group entities which have been eliminated on consolidation are not disclosed within the financial statements.

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PLMD ESTATES LTD

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

2.9. Loans and borrowings

Loans and borrowings are initially recognised at the transaction price including transactions costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment.

3. Average Number of Employees

Group

Average number of employees, including directors, during the year was: 1 (2023: 1)

Company

Average number of employees, including directors, during the year was NIL (2023: 1)

4. Tangible Assets

Group

	Motor Vehicles	Fixtures & Fittings	Total
	£	£	£
Cost or Valuation
As at 1 January 2024	3,000	4,169	7,169

As at 31 December 2024	3,000	4,169	7,169

Depreciation
As at 1 January 2024	2,066	3,452	5,518
Provided during the period	186	143	329

As at 31 December 2024	2,252	3,595	5,847

Net Book Value
As at 31 December 2024	748	574	1,322

As at 1 January 2024	934	717	1,651

Company

The company had no tangible fixed assets as at 31 December 2024 or 31 December 2023.

5. Investment Property

Group

	2024
	£
Fair Value
As at 1 January 2024	22,508,040
Additions	800,048
Revaluations	43,000

As at 31 December 2024	23,351,088

Company

The company had no investment property as at 31 December 2024 or 31 December 2023.

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PLMD ESTATES LTD

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

6. Investments

Group

	Subsidiaries	Listed	Total
	£	£	£
Cost
As at 1 January 2024	(1,124,357 )	1,124,357	-
Additions	(22,184 )	22,184	-

As at 31 December 2024	(1,146,541 )	1,146,541	-

Provision
As at 1 January 2024	-	-	-

As at 31 December 2024	-	-	-

Net Book Value
As at 31 December 2024	(1,146,541 )	1,146,541	-

As at 1 January 2024	(1,124,357 )	1,124,357	-

Investments are stated at cost less provision for diminution in value.

Company

	Listed
	£
Cost
As at 1 January 2024	1,124,357
Additions	22,184

As at 31 December 2024	1,146,541

Provision
As at 1 January 2024	-

As at 31 December 2024	-

Net Book Value
As at 31 December 2024	1,146,541

As at 1 January 2024	1,124,357

7. Debtors

	Group		Company
	2024	2023	2024	2023
	£	£	£	£
Due within one year
Trade debtors	740,143	488,652	-	-
Amounts owed by group undertakings	20,000	-	20,000	-
Other debtors	40,204	50,346	-	-

	800,347	538,998	20,000	-

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PLMD ESTATES LTD

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

8. Creditors: Amounts Falling Due Within One Year

	Group		Company
	2024	2023	2024	2023
	£	£	£	£
Trade creditors	1,055,218	1,006,891	-	-
Bank loans and overdrafts	171,722	110,623	-	-
Amounts owed to group undertakings	20,375	-	20,375	-
Other creditors	6,660	17,658	-	-
Taxation and social security	-	54,164	-	-

	1,253,975	1,189,336	20,375	-

9. Creditors: Amounts Falling Due After More Than One Year

	Group
	2024	2023
	£	£
Bank loans	15,171,028	14,590,861
Amounts owed to group undertakings	-	455,600
Amounts owed to participating interests	1,073,545	-
Other creditors	359,008	544,790

	16,603,581	15,591,251

10. Deferred Taxation

The provision for deferred tax is made up as follows:

	2024	2023
	£	£
Other timing differences	1,131,916	886,582

11. Provisions for Liabilities

Group
	Deferred Tax	Other Provisions	Total
	£	£	£
As at 1 January 2024	886,582	189,728	1,076,310
Additions	290,682	23,915	314,597
Utilised	-	(38,873 )	(38,873)
Reversals	(45,348 )	-	(45,348)

Balance at 31 December 2024	1,131,916	174,770	1,306,686

12. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	1,146,746	1,146,746

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PLMD ESTATES LTD

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

13. Reserves

Group

	Revaluation Reserve	Fair Value Reserve
	£	£
As at 1 January 2024	713,849	3,065,804
Transfer to profit and loss	-	(441,000 )

As at 31 December 2024	713,849	2,624,804

14. Related Party Transactions

As on 31st December 2024,

In Consolidated Financial Statements, £359,008 is owed to Mr. Ajay Kapur, Director.

Amount owed to the Associates £1,073,550.

Ajay Kapur

Director

Director Loan of £359,008

15. Ultimate Controlling Party

The company's ultimate controlling party is PLMD Group Ltd by virtue of his ownership of 100% of the issued share capital in the company.

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