REGISTERED NUMBER: 09866889 (England and Wales)

Audited Financial Statements for the Year Ended 31 December 2024

for

PLUTUS (CONNAUGHT SQUARE) LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Abdulla Mohammad Khalifa S Bin Habtoor

Craig Brian Rooney

REGISTERED OFFICE:

The Maltings

2 Anderson Road

Bearwood

Birmingham

West Midlands

B66 4AR

REGISTERED NUMBER:

09866889 (England and Wales)

AUDITORS:

Ark&Co Ltd - Statutory Auditors

The Maltings

2 Anderson Rd

Bearwood

Birmingham

West Midlands

B66 4AR

CURRENT ASSETS

Stocks

4

11,384,587

11,384,587

Debtors

5

31,404

44,087

Cash at bank

22,170

8,707

11,438,161

11,437,381

CREDITORS

Amounts falling due within one year

6

119,816

106,166

NET CURRENT ASSETS

11,318,345

11,331,215

TOTAL ASSETS LESS CURRENT LIABILITIES

11,318,345

11,331,215

CREDITORS

Amounts falling due after more than one year

7

11,353,204

11,349,194

NET LIABILITIES

(34,859

)

(17,979

)

CAPITAL AND RESERVES

Called up share capital

9

1,100

1,100

Retained earnings

10

(35,959

)

(19,079

)

SHAREHOLDERS' FUNDS

(34,859

)

(17,979

)

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 Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 September 2025 and were signed on its behalf by:

Abdulla Mohammad Khalifa S Bin Habtoor - Director

1.	STATUTORY INFORMATION

Plutus (Connaught Square) Ltd 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.

3.	EMPLOYEES AND DIRECTORS

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

4.

STOCKS

Stock is valued at the lower of cost and net realisable value being the selling price less expected costs to complete the project. Accordingly, the value is based on costs incurred to date by the company for the project including overheads directly attributable to the project and are carried forward as stock until the development has been completed and sold.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Other debtors

-

12,683

VAT

26,701

26,701

Deferred tax asset

4,703

4,703

31,404

44,087

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade creditors

2,930

2,930

Other creditors

77,517

77,517

Accrued expenses

39,369

25,719

119,816

106,166

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Other creditors

11,353,204

11,349,194

8.	SECURED DEBTS

The following secured debts are included within creditors:

31.12.24

31.12.23

£

£

Other loans

11,353,204

11,349,194

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

£

£

100

Ordinary A Shares

£1

100

100

1,000

Ordinary B Shares

£1

1,000

1,000

1,100

1,100

Each Ordinary A share has one hundred voting rights and Each Ordinary B share has one thousand voting right. All the shares are held by holding company Plutus Capital Ltd.

10.

RESERVES

Retained

earnings

£

At 1 January 2024

(19,079

)

Deficit for the year

(16,880

)

At 31 December 2024

(35,959

)

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

The Report of the Auditors was unqualified.

Gurnek Ark (Senior Statutory Auditor)

for and on behalf of Ark&Co Ltd - Statutory Auditors

12.	RELATED PARTY DISCLOSURES

Loan amount of £11,353,204 (2023: £11,349,194) is outstanding to Plutus Capital Ltd (registered in the British Virgin Islands) which holds the majority voting shares in the company.

Balance due to related company Shamal LLC at the year-end amounted to £77,025 (2023: £77,025).

13.	FRC ETHICAL STANDARD - PROVISIONS AVAILABLE FOR SMALL ENTITIES

In common with many other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements.

14.	ULTIMATE CONTROLLING PARTY

The controlling party is Plutus Capital Ltd whose registered office is at Morgan & Morgan Building, Pasea Estate, PO Box 958, Road Town, Tortola, British Virgin Islands.