| PLATAINE UK LTD |
| Statement of financial position as at 31 December 2024 |
|
|
|
|
|
31.12.2024 |
|
|
31.12.2023 |
|
Notes |
£ |
£ |
|
£ |
|
|
|
| Current assets |
| Debtors |
5 |
9,854 |
|
|
52,886 |
| Cash at Bank and in hand |
|
4,950 |
|
|
0 |
|
|
14,804 |
|
|
52,886 |
| Creditors: amounts falling due |
| within one year |
6 |
(12,565) |
|
|
(53,965) |
|
|
|
|
|
|
| Net current assets/(liabilities) |
|
|
2,239 |
|
(1,079) |
|
|
|
|
|
|
|
| Total assets |
|
|
£ 2,239 |
|
£ (1,079) |
|
|
|
|
|
|
|
|
| Capital and Reserve |
|
|
31.12.2024 |
|
|
31.12.2023 |
|
|
£ |
£ |
|
£ |
|
| Called up share capital |
8 |
1 |
|
|
1 |
| Profit and loss account |
|
2,238 |
|
|
(1,080) |
| |
|
|
|
|
|
| Shareholders' fund |
|
|
£ 2,239 |
|
£ (1,079) |
|
|
|
|
|
|
|
| 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 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 for the preparation of accounts. |
| The financial statements have been prepared in accordance with special provision of Part 15 of the Companies Act 2006 relating to small companies and with the provisions of FRS 102 Section 1A Small Entities. |
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|
|
| _________________________ |
| Raviv Segal |
| Director |
2 December 2025 |
|
| Company number: 14471873 |
|
| PLATAINE UK LTD |
|
| Notes to the financial statements - 31 December 2024 |
|
| 1. |
Company Information |
|
Plataine UK Ltd is a private limited company incorporated and domiciled in England & Wales. The address of its registered office is 5.2 Central House, 1 Ballards Lane, N3 1LQ. |
|
The company is a wholly owned subsidiary of Plataine Ltd, a company registered in Israel. |
|
| 2. |
Accounting Policies |
|
| 2.1 |
Basis of preparation of financial statements |
|
The financial statements have been prepared on a going concern basis, under historical cost convention and in accordance with the provisions of FRS 102 Section 1A small entities and the Companies Act 2006. |
|
The financial statements are presented in sterling (£). |
|
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated. |
|
| 2.2 |
Financial instruments |
|
The company has chosen to adapt the sections 11 & 12 of FRS 102 in respect of financial instruments: |
|
(i) Financial assets |
|
Basic financial assets including trade and other receivables and cash and bank balances are initially recognised at transaction price, unless the arrangement constitutes a financial transaction, where the transaction is measured at present value of the future receipts discounted at the market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest method and are assess for objective evidence of impairment at the end of each reporting period. |
|
(ii) Financial liabilities |
|
Basic financial liabilities including trade and other payable are initially recognised at transaction price unless arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of future receipts discounted at a market value of interest debt instruments are subsequently carried at amortised costs using the effective interest rate method. |
|
| 2.3 |
Going concern |
|
The company and the Plataine group are both operationally and financially inextricably linked. Having considered the cash flow of the group and the group's cash reserves, and after making enquiries of the directors of the parent undertaking, the directors have reasonable expectations that the company and the group have adequate resources to continue an operational existence and meet their liabilities for a period of at least 12 months from the date these financial statements were approved. |
|
Taking into account the above, the directors are of the opinion that the company can continue to operate as a going concern. |
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| PLATAINE UK LTD |
|
| Notes to the financial statements - 31 December 2024 |
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|
| 2.4 |
Turnover |
|
Turnover represents net invoiced services, excluding VAT. |
|
| 2.5 |
Revenue Recognition |
|
Revenue is measured at the fair value of the consideration received or receivable and represents the amounts receivable for services rendered during the year. |
|
The company generates revenues from licensing the rights to use its software and hardware products and professional services, including support directly to end-users. Revenues from software license agreements are recognized upon delivery of the software when collection's probable; the license fee is otherwise fixed or determinable; no significant obligation with regard to implementation remains; and persuasive evidence of an arrangement exists. |
|
|
| 2.6 |
Debtors |
|
Short term debtors that includes trade and other receivables are measured at transaction price, less any impairment. |
|
| 2.7 |
Creditors |
|
Basic financial liabilities including trade and other payable and amounts due to group companies are measured at transaction price. |
|
| 2.8 |
Current & deferred taxation |
|
Deferred taxation is provided using the liability method to take into account timing differences arising from the inclusion of items of expenditure in taxation computations in periods that differ from those in which they are included in the financial statements to the extent that it is probably that an or assets will crystallize in the future. |
|
Provision for deferred taxation is set off against debit balance of deferred taxation. |
|
The current income tax charged is calculated on the basis of the tax rate and laws that have been enacted or substantially enacted by the reporting date in the countries where the company operated and generates income. |
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| PLATAINE UK LTD |
|
| Notes to the financial statements - 31 December 2024 |
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|
| 2.9 |
Foreign currencies |
|
Assets and liabilities in foreign currencies are translated into Sterling at the rate of exchange ruling at the Balance Sheet date. Transaction in Foreign currencies are translated into Sterling at the rate of exchange ruling at the date of the transaction. |
|
| 3. |
Employees |
|
|
|
|
|
|
|
2024 |
|
2023 |
|
|
Average number of employees during the years |
0 |
|
0 |
|
|
|
|
|
|
|
|
|
| 4. |
Directors' remuneration |
|
No remuneration was paid to the director during the year. |
|
| 5. |
Debtors |
|
|
|
|
|
|
31.12.2024 |
|
31.12.2023 |
|
|
|
|
|
|
£ |
|
£ |
|
|
Trade debtors |
9,840 |
|
52,885 |
|
Parent company |
14 |
|
1 |
|
|
|
|
|
|
|
9,854 |
|
52,886 |
|
|
|
|
|
|
|
|
|
| 6. |
Creditors: amounts falling due |
|
within one year |
|
|
|
|
|
|
31.12.2024 |
|
31.12.2023 |
|
|
|
|
|
|
£ |
|
£ |
|
|
Corporation Tax |
525 |
|
0 |
|
Accruals and deferred income |
12,040 |
|
53,965 |
|
|
|
|
|
|
12,565 |
|
53,965 |
|
|
|
|
|
|
|
|
|
| 7. |
Share capital |
|
|
|
|
|
|
31.12.2024 |
|
31.12.2023 |
|
|
|
|
|
|
£ |
|
£ |
|
Allotted, called up and fully paid: |
|
1 ordinary shares at £1 |
1 |
|
1 |
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