Registration number: 08145335

Platanos Development Limited

Contents

Company Information	1
Balance Sheet	2
Notes to the Financial Statements	3 to 8

Platanos Development Limited

Company Information

Directors

Humroy Adolphus Whyte Kevin John Mckenzie

Registered office

Platanos College, Stockwell Park Road London SW9 0AL

Auditors

Carbon Accountancy Limited Chartered Accountants and Statutory Auditors80-83 Long Lane London EC1A 9ET

Platanos Development Limited

(Registration number: 08145335)
Balance Sheet as at 31 August 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	35,531	56,063
Current assets
Debtors	5	-	30,556
Cash at bank and in hand		204,180	1,918
		204,180	32,474
Creditors: Amounts falling due within one year	6	(234,774)	(224,348)
Net current liabilities		(30,594)	(191,874)
Total assets less current liabilities		4,937	(135,811)
Provisions for liabilities		(1,719)	(4,072)
Net assets/(liabilities)		3,218	(139,883)
Capital and reserves
Called up share capital	7	4	4
Retained earnings		3,214	(139,887)
Shareholders' funds/(deficit)		3,218	(139,883)

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 20 May 2026 and signed on its behalf by:
 

......................................... Humroy Adolphus Whyte Director

......................................... Kevin John Mckenzie Director

Platanos Development Limited

Notes to the Financial Statements for the Year Ended 31 August 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Platanos College,
Stockwell Park Road
London
SW9 0AL

These financial statements were authorised for issue by the Board on 20 May 2026.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention.

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

Audit report

The Independent Auditor's Report was unqualified.

The name of the Senior Statutory Auditor who signed the audit report on 20 May 2026 was John Leyden FCA, who signed for and on behalf of Carbon Accountancy Limited.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Platanos Development Limited

Notes to the Financial Statements for the Year Ended 31 August 2025 (continued)

2	Accounting policies (continued)

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, 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.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Fixture and fittings	20% straight line
Motor vehicles	25% straight line
Plant and machinery	20% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Platanos Development Limited

Notes to the Financial Statements for the Year Ended 31 August 2025 (continued)

2	Accounting policies (continued)

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Gift aid

The company donates its distributable profits to its parent charity under the Gift Aid scheme. In accordance with FRS 102 Section 29, Gift Aid payments are accounted for as distributions rather than expenses in the financial statements.
A liability for the payment is only recognised when the company has a present obligation at the reporting date, either through a legal obligation or a constructive obligation, as determined by the approval of the directors prior to the financial statements being authorised for issue.
Where a Gift Aid donation is probable and expected to be paid within nine months of the reporting date, the related corporation tax liability is calculated based on the assumption that the Gift Aid donation will be applied to offset taxable profits.
 

Defined contribution pension obligation

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate independently administered fund. Once the contributions have been paid the company has no further payment obligations.
The contributions are recognised as expenses in the income statement when they fall due.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 30 (2024 - 34).

Platanos Development Limited

Notes to the Financial Statements for the Year Ended 31 August 2025 (continued)

4	Tangible assets

	Fixtures and fittings £	Plant and machinery £	Motor vehicles  £	Total £
Cost or valuation
At 1 September 2024	91,249	40,832	31,886	163,967
At 31 August 2025	91,249	40,832	31,886	163,967
Depreciation
At 1 September 2024	58,629	40,832	8,443	107,904
Charge for the year	16,310	-	4,222	20,532
At 31 August 2025	74,939	40,832	12,665	128,436
Carrying amount
At 31 August 2025	16,310	-	19,221	35,531
At 31 August 2024	32,620	-	23,443	56,063

5

Debtors

Current	2025 £	2024 £
Trade debtors	-	24,168
Other debtors	-	6,388
	-	30,556

Platanos Development Limited

Notes to the Financial Statements for the Year Ended 31 August 2025 (continued)

6

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Trade creditors		24,859	81,295
Amounts owed to group undertakings and undertakings in which the company has a participating interest	9	146,832	70,663
Taxation and social security		56,638	63,561
Accruals and deferred income		4,750	4,750
Other creditors		1,695	4,079
		234,774	224,348

Amounts owed to group undertakings are unsecured, interest free, have no fixed date of payment and are repayable on demand.

7	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary shares of £1 each	4	4	4	4

8

Gift aid

Gift Aid payment

		2025 £		2024 £
Gift Aid		125,000		-

Platanos Development Limited

Notes to the Financial Statements for the Year Ended 31 August 2025 (continued)

9	Related party transactions

Summary of transactions with parent

Duing the year the company made sales totalling £1,377,000 (2024: £1,794,510) in relation to the services provided. The company made a donation of £125,000 (2024: Nil) to Platanos Trust.

At the balance sheet date amount due to Platanos Trust was £146,832 (2024: 70,663).

10	Parent and ultimate parent undertaking

The company's immediate parent is Platanos Trust, incorporated in England and Wales, with registered office address at Clapham Road, London, SW9 0AL.