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Company No: 16046090 (England and Wales)

# PLCL LIMITED

### Unaudited Financial Statements
For the financial period from 28 October 2024 to 31 October 2025
Pages for filing with the registrar

PLCL LIMITED

## Unaudited Financial Statements

For the financial period from 28 October 2024 to 31 October 2025

Contents

PLCL LIMITED

## BALANCE SHEET

As at 31 October 2025
PLCL LIMITED

## BALANCE SHEET (continued)

As at 31 October 2025

| Note | 31.10.2025
|  | £
Fixed assets |  |
Tangible assets | 3 | 913
Investment property | 4 | 1,294,000
|  | 1,294,913
Current assets |  |
Debtors | 5 | 2,640
Cash at bank and in hand |  | 1,383,595
|  | 1,386,235
Creditors: amounts falling due within one year | 6 | ( 782,064)
Net current assets |  | 604,171
Total assets less current liabilities |  | 1,899,084
Net assets |  | 1,899,084
Capital and reserves |  |
Called-up share capital | 7 | 2,000,000
Profit and loss account |  | ( 100,916 )
Total shareholders' funds |  | 1,899,084

For the financial period ending 31 October 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the Company to obtain an audit of its financial statements for the financial period in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
- These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of PLCL Limited (registered number: 16046090) were approved and authorised for issue by the Board of Directors on 07 July 2026. They were signed on its behalf by:

Mr P A Moulsdale Director |

PLCL LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 28 October 2024 to 31 October 2025
PLCL LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 28 October 2024 to 31 October 2025

##### 1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period, unless otherwise stated.

##### General information and basis of accounting

PLCL Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Woodwater House, Pynes Hill, Exeter, EX2 5WR, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

##### Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

##### Turnover

Turnover comprises the fair value of the consideration received or receivable for the provision of rental income in the ordinary course of the company's activities.
Turnover is adjusted for deferred income to ensure that income invoiced in advance of services being provided is deferred and recognised in the appropriate period.

##### Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

##### Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a [straight-line, reducing balance] basis over its expected useful life, as follows:

Computer equipment | 25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

##### Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

##### Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.
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.
Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.
Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.
Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.

#### 2. Employees

| Period from 28.10.2024 to 31.10.2025
| Number
Monthly average number of persons employed by the Company during the period, including directors | 0

#### 3. Tangible assets

| Computer equipment |  | Total
| £ |  | £
Cost |  |  |
At 28 October 2024 | 0 |  | 0
Additions | 953 |  | 953
At 31 October 2025 | 953 |  | 953
Accumulated depreciation |  |  |
At 28 October 2024 | 0 |  | 0
Charge for the financial period | 40 |  | 40
At 31 October 2025 | 40 |  | 40
Net book value |  |  |
At 31 October 2025 | 913 |  | 913

#### 4. Investment property

| Investment property
| £
Valuation |
As at 28 October 2024 | 0
Additions | 1,400,282
Fair value movement | (106,282)
As at 31 October 2025 | 1,294,000

Valuation

The investment property has been measured at fair value, which is the open market vale of the property based on a valuation by the directors as at 31 October 2025.

#### 5. Debtors

| 31.10.2025
| £
Trade debtors | 2,500
Prepayments | 140
| 2,640

#### 6. Creditors: amounts falling due within one year

| 31.10.2025
| £
Amounts owed to directors | 755,342
Accruals and deferred income | 19,626
Taxation and social security | 1,500
Other creditors | 5,596
| 782,064

#### 7. Called-up share capital

| 31.10.2025
| £
Allotted, called-up and fully-paid |
750,000 A ordinary shares of £ 1.00 each | 750,000
1,250,000 B ordinary shares of £ 1.00 each | 1,250,000
| 2,000,000

During the period, 750,000 A Ordinary Shares and 1,250,000 B Ordinary Shares were allotted with an aggregate nominal value of £2,000,000 as consideration for the acquisition of the company’s interest in PLCL Limited.
The A Ordinary Shares and B Ordinary Shares carry different rights. The A Ordinary Shares have full voting rights, whereas the B Ordinary Shares do not carry voting rights. Both classes are entitled to dividends; however, dividends on the B Ordinary Shares are payable in priority to those on the A Ordinary Shares.
On a return of capital, distributions are made in accordance with a defined order of priority, with amounts paid up on the A Ordinary Shares returned first, followed by amounts paid up on the B Ordinary Shares, with any surplus thereafter distributed to the holders of A Ordinary Shares.

#### 8. Related party transactions

Transactions with the entity's directors

| 31.10.2025
| £
The directors | 755,342

At the balance sheet date, the company had an outstanding loan balance due to the directors of £755,342. The loan is unsecured and repayable on demand. No interest has been charged during the period in accordance with the terms of the loan agreement.