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Registered number: 13145905
Platinum Reach Properties Ltd
Unaudited Financial Statements
For The Year Ended 31 January 2025
Just Dan Accounting Limited t/a JDA
Platinum Reach Properties Ltd
Contents
Contents

| Page
--- | ---
Balance Sheet | 1—2
Notes to the Financial Statements | 3—4

Page 1
Platinum Reach Properties Ltd
Balance Sheet
As At 31 January 2025
Balance Sheet
Registered number: 13145905

| 2025 | 2024
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Tangible Assets | 4 |  | 1,852 |  | 4,023
Investment Properties | 5 |  | 294,000 |  | 230,166
|  |  | 295,852 |  | 234,189
CURRENT ASSETS
Debtors | 6 | 4,555 |  | 28,540 |
Cash at bank and in hand |  | 20,694 |  | 1,006 |
|  | 25,249 |  | 29,546 |
Creditors: Amounts Falling Due Within One Year | 7 | (163,637 ) |  | (159,702 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | (138,388 ) |  | (130,156 )
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 157,464 |  | 104,033
Creditors: Amounts Falling Due After More Than One Year | 8 |  | (220,475 ) |  | (168,307 )
NET LIABILITIES |  |  | (63,011 ) |  | (64,274 )
CAPITAL AND RESERVES
Called up share capital | 9 |  | 2 |  | 2
Profit and Loss Account |  |  | (63,013 ) |  | (64,276 )
SHAREHOLDERS' FUNDS |  |  | (63,011) |  | (64,274)

Page 1
Page 2
Platinum Reach Properties Ltd
Balance Sheet (continued)
As At 31 January 2025
For the year ending 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 Profit and Loss Account.
On behalf of the board

T Burke Director
17/11/2025

The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Platinum Reach Properties Ltd
Notes to the Financial Statements
For The Year Ended 31 January 2025
Notes to the Financial Statements
1. General Information
Platinum Reach Properties Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13145905 . The registered office is 13 Autumn Fields, Waverley, Rotherham, South Yorkshire, S60 8DN.
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. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
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.
2.4. 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:

Fixtures & Fittings | 4 years straight line

2.5. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2024: 2)
2 2
4. Tangible Assets

| Fixtures & Fittings
--- | ---
| £
Cost or Valuation
As at 1 February 2024 | 8,684
As at 31 January 2025 | 8,684
Depreciation
As at 1 February 2024 | 4,661
Provided during the period | 2,171
As at 31 January 2025 | 6,832
Net Book Value
As at 31 January 2025 | 1,852
As at 1 February 2024 | 4,023

Page 3
Page 4
Platinum Reach Properties Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 January 2025
5. Investment Property

| 2025
--- | ---
| £
Fair Value
As at 1 February 2024 | 230,166
Revaluations | 63,834
As at 31 January 2025 | 294,000

If investment property had been accounted for under historical cost accounting rules, the amounts would be:

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Cost | 230,166 |  | 230,166

Investment properties are carried at fair value in accordance with FRS 102 Section 16. The fair value of the property at the year end has been determined by reference to an independent valuation prepared by Allcott Associates LLP, who are RICS-qualified valuers. The valuation was carried out on 11 November 2024 using the market approach, reflecting the amount for which the property could be exchanged between knowledgeable, willing parties in an arm’s-length transaction.
The value of the investment property has been determined by the Directors to not have materially changed by the accounting period end.
At the balance sheet date, the investment property was valued at £294,000 (prior year: £230,166). This resulted in a revaluation gain of £63,834, which has been recognised in the profit and loss account for the year.
6. Debtors

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Due within one year
Other debtors | 4,555 |  | 28,540

7. Creditors: Amounts Falling Due Within One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Accruals and deferred income | 730 |  | 1,253
Directors' loan accounts | 162,907 |  | 158,449
| 163,637 |  | 159,702

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

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Bank loans | 220,475 |  | 168,307

9. Share Capital

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Allotted, Called up and fully paid | 2 |  | 2

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