Company No: 03162449 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Intangible assets	3	1,020		1,229
Tangible assets	4	1,522		3,249
Investment property	5	1,813,000		6,490,861
		1,815,542		6,495,339
Current assets
Debtors	6	97,470		48,204
Cash at bank and in hand		3,332,992		109,923
		3,430,462		158,127
Creditors: amounts falling due within one year	7	( 217,769)		( 410,671)
Net current assets/(liabilities)		3,212,693		(252,544)
Total assets less current liabilities		5,028,235		6,242,795
Creditors: amounts falling due after more than one year	8	0		( 1,157,952)
Provision for liabilities		( 6,594)		( 6,200)
Net assets		5,021,641		5,078,643
Capital and reserves
Called-up share capital		720		720
Profit and loss account		5,020,921		5,077,923
Total shareholder's funds		5,021,641		5,078,643

For the financial year ending 31 March 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• 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; 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 Profit and Loss Account has not been delivered.

The financial statements of Plato Estates Limited (registered number: 03162449) were approved and authorised for issue by the Board of Directors on 06 November 2025. They were signed on its behalf by:

D J Plato 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

Plato Estates 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 Goodwood House, Blackbrook Park Avenue, Taunton, TA1 2PX, United Kingdom.

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

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover represents rent receivable in respect ofthe accounting period together with consideration receivable for the provision of services in the ordinary course of the Company's activities

Interest income

Interest income is recognised when it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably. Interest income is accrued on a time basis, by reference to the principal outstanding at the effective interest rate applicable, which is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset to that asset's net carrying amount on initial recognition.

Employee benefits

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Profit and Loss Account in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Balance Sheet.

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 Balance Sheet date. Tax is recognised in the profit and loss account, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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 tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date that are expected to apply when the timing differences reverse. 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 liabilities are presented within provisions for liabilities on the balance sheet.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Trademarks, patents and licences	10 years straight line
Other intangible assets	3 years straight line

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation. 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:

Plant and machinery etc.

6.66 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.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

The fair value is determined annually by the directors, on an open market value for existing use basis.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	3		4

3. Intangible assets

	Trademarks, patents and licences		Other intangible assets		Total
	£		£		£
Cost
At 01 April 2024	2,087		7,650		9,737
At 31 March 2025	2,087		7,650		9,737
Accumulated amortisation
At 01 April 2024	858		7,650		8,508
Charge for the financial year	209		0		209
At 31 March 2025	1,067		7,650		8,717
Net book value
At 31 March 2025	1,020		0		1,020
At 31 March 2024	1,229		0		1,229

4. Tangible assets

	Plant and machinery etc.		Total
	£		£
Cost
At 01 April 2024	40,834		40,834
At 31 March 2025	40,834		40,834
Accumulated depreciation
At 01 April 2024	37,585		37,585
Charge for the financial year	1,727		1,727
At 31 March 2025	39,312		39,312
Net book value
At 31 March 2025	1,522		1,522
At 31 March 2024	3,249		3,249

5. Investment property

	Investment property
	£
Valuation
As at 01 April 2024	6,490,861
Additions	955
Disposals	(4,678,816)
As at 31 March 2025	1,813,000

Valuation

The property portfolio was valued by an independent valuer in the year to 31 March 2022. The directors do not consider the value of remaining property at 31 March 2025 to be materially different and so, the value of the properties carried forward is based upon this valuation.

6. Debtors

	2025		2024
	£		£
Trade debtors	0		384
Amounts owed by Group undertakings	25,982		0
Other debtors	71,488		47,820
	97,470		48,204

7. Creditors: amounts falling due within one year

	2025		2024
	£		£
Trade creditors	2,492		630
Taxation and social security	48,437		78,226
Other creditors	166,840		331,815
	217,769		410,671

8. Creditors: amounts falling due after more than one year

	2025		2024
	£		£
Other creditors	0		1,157,952

There are no amounts included above in respect of which any security has been given by the small entity.

9. Ultimate controlling party

Parent Company:

Plum Doughnut Limited

Goodwood House, Blackbrook Park Avenue, Taunton, Somerset, United Kingdom, TA1 2PX