Company registration number 10594914 (England and Wales)
PLANETREE DEVELOPMENTS LIMITED
Unaudited financial statements
For the year ended 31 August 2025
Pages for filing with registrar
PLANETREE DEVELOPMENTS LIMITED
CONTENTS
Page
Statement of financial position
1
Notes to the financial statements
2 - 4
PLANETREE DEVELOPMENTS LIMITED
STATEMENT OF FINANCIAL POSITION
As at 31 August 2025
- 1 -
2025
2024
Notes
£
£
£
£
Current assets
Trade and other receivables
4
22,949
-
0
Cash and cash equivalents
1,022,141
1,285,173
1,045,090
1,285,173
Current liabilities
5
(980,889)
(10,410)
Net current assets
64,201
1,274,763
Non-current liabilities
6
-
0
(1,249,999)
Net assets
64,201
24,764
Equity
Called up share capital
7
1
1
Retained earnings
64,200
24,763
Total equity
64,201
24,764

For the financial year ended 31 August 2025 the company was entitled to exemption from audit under section 47 9A of the Companies Act 2006 relating to subsidiary companies.

T he member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The director of the company has elected not to include a copy of the income statement within the financial statements.true

The financial statements were approved and signed by the director and authorised for issue on 22 April 2026
Mrs J B Burgess OBE
Director
Company registration number 10594914 (England and Wales)
PLANETREE DEVELOPMENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
For the year ended 31 August 2025
- 2 -
1
Accounting policies
Company information

Planetree Developments Limited is a private company limited by shares incorporated in England and Wales. The registered office is Station Road, Motspur Park, New Malden, KT3 6JJ.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

The completion date for sale of the final property was during a prior period, on 30 March 2023. The company continued to incur professional and legal expenses to fulfil statutory reporting requirements, however Planetree is not expected to recognised any further revenue. Formal confirmation of development completion and trade cessation is imminent and expected within the 12 months of true signing date. As such, the Company is no longer considered to be a going concern and the financial statements have not been prepared on such a basis.

In preparing the financial statements on a basis other than that of a going concern, assets have been recognised at their net realisable value.

The financial statements do not include any provision for the future costs of ceasing to trade, except to the extent that such costs were committed at the date of the Statement of Financial Position.

1.3
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 current liabilities.

1.4
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other receivables and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

PLANETREE DEVELOPMENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
For the year ended 31 August 2025
1
Accounting policies
(Continued)
- 3 -
Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including trade and other payables, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Trade payables are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade payables are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.5
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
1
1
4
Trade and other receivables
2025
2024
Amounts falling due within one year:
£
£
Other receivables
22,949
-
0
PLANETREE DEVELOPMENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
For the year ended 31 August 2025
- 4 -
5
Current liabilities
2025
2024
£
£
Amounts due to group undertakings
974,999
-
0
Other payables
5,890
10,410
980,889
10,410
6
Non-current liabilities
2025
2024
£
£
Amounts due to group undertakings
-
0
1,249,999

7
Called up share capital
2025
2024
£
£
Ordinary share capital
Issued and fully paid
1 ordinary share of £1 each
1
1
1
1

8
Related party transactions

The following amounts were outstanding at the reporting end date:

At the balance sheet date the company owed £974,999 (2024: £1,249,999), to the company's majority shareholder.

9
Parent company

The company is a subsidiary of Lanend Limited, who owns 100% of the share capital and is the ultimate controlling party. Lanend Limited draws up consolidated accounts in which it incorporates Planetree Developments Limited. Their registered office is Station Road, Motspur Park, New Malden, KT3 6JJ. The smallest and largest group in which its results are consolidated is Lanend Limited.

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