REGISTERED NUMBER: 07875085 (England and Wales)

Financial Statements

for the Year Ended 31 March 2026

for

Plater Chemicals Properties Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

B S Hendon

REGISTERED OFFICE:

Alrewas House

Main Street

Alrewas

Burton upon Trent

Staffordshire

DE13 7ED

REGISTERED NUMBER:

07875085 (England and Wales)

SENIOR STATUTORY AUDITOR:

Susanna D Ault FCA FCCA

AUDITORS:

Tomkinson Teal (Lichfield) LLP

Hanover Court

5 Queen Street

Lichfield

Staffordshire

WS13 6QD

FIXED ASSETS

Property, plant and equipment

5

3,870,768

3,823,888

CURRENT ASSETS

Debtors

6

35,814

177

Cash at bank

84

84

35,898

261

CREDITORS

Amounts falling due within one year

7

(35,778

)

(45,665

)

NET CURRENT ASSETS/(LIABILITIES)

120

(45,404

)

TOTAL ASSETS LESS CURRENT LIABILITIES

3,870,888

3,778,484

CREDITORS

Amounts falling due after more than one year

8

(2,055,103

)

(2,052,705

)

PROVISIONS FOR LIABILITIES

10

(241,598

)

(247,099

)

NET ASSETS

1,574,187

1,478,680

CAPITAL AND RESERVES

Called up share capital

11

100

100

Retained earnings

12

1,574,087

1,478,580

SHAREHOLDERS' FUNDS

1,574,187

1,478,680

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

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 26 June 2026 and were signed by:

B S Hendon - Director

1.	STATUTORY INFORMATION

Plater Chemicals Properties Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover

Turnover represents rental income, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and buildings

-

50 years straight line and Straight line over 20 years

Plant and machinery etc

-

50 years straight line

Freehold land is not depreciated.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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

Operating lease income

Rentals receivable under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.

Going concern

The Directors have considered going concern in preparing these financial statements through review of the Company's financial position. It has been considered that the Company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, the going concern basis of accounting has been adopted and no material uncertainties have been identified.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2025 - 1 ) .

5.	PROPERTY, PLANT AND EQUIPMENT

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 April 2025

2,122,158

2,750,000

4,872,158

Additions

140,184

-

140,184

At 31 March 2026

2,262,342

2,750,000

5,012,342

DEPRECIATION

At 1 April 2025

422,636

625,634

1,048,270

Charge for year

38,304

55,000

93,304

At 31 March 2026

460,940

680,634

1,141,574

NET BOOK VALUE

At 31 March 2026

1,801,402

2,069,366

3,870,768

At 31 March 2025

1,699,522

2,124,366

3,823,888

Included in cost of land and buildings is freehold land of £ 264,418 (2025 - £ 264,418 ) which is not depreciated.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Amounts owed by group undertakings

100

100

Other debtors

35,714

77

35,814

177

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Taxation and social security

32,427

41,495

Other creditors

3,351

4,170

35,778

45,665

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Amounts owed to group undertakings

2,055,103

2,052,705

9.	LEASING AGREEMENTS

Commitments under operating leases.

The company as lessor:

At the year end, the company had contracted with tenants, under non-cancellable operating leases, for the following future minimum lease payments:

2026

2025

£

£

Amounts receivable:

Less than one year

300,000

300,000

Between one and five years

1,075,000

1,200,000

More than 5 years

-

175,000

1,375,000

1,675,000

The operating leases represent one property rented to a related party. Leases are negotiated over an average term of 10 years from the date of inception and rentals are subject to review annually on the anniversary of the start of the lease term. There are no options in place for either party to extend the lease terms.

10.	PROVISIONS FOR LIABILITIES

2026

2025

£

£

Deferred tax

241,598

247,099

Deferred

tax

£

Balance at 1 April 2025

247,099

Provided during year

(5,501

)

Balance at 31 March 2026

241,598

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2026

2025

value:

£

£

100

Ordinary

£1

100

100

12.

RESERVES

Retained

earnings

£

At 1 April 2025

1,478,580

Profit for the year

95,507

At 31 March 2026

1,574,087

13.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Susanna D Ault FCA FCCA (Senior Statutory Auditor)

for and on behalf of Tomkinson Teal (Lichfield) LLP

14.	ULTIMATE CONTROLLING PARTY

The controlling party is Plater Chemicals Group Limited.

The ultimate controlling party is B S Hendon.