Place Group Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04395705 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31st December 2018

for

Place Group Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Miss C E Delaney

S J Rule

SECRETARY:

M B Adams

REGISTERED OFFICE:

The Regent

Chapel Street

Penzance

Cornwall

TR18 4AE

REGISTERED NUMBER:

04395705 (England and Wales)

ACCOUNTANTS:

Addition Accountants Limited

The Regent

Chapel Street

Penzance

Cornwall

TR18 4AE

FIXED ASSETS

Intangible assets

4

5,357

7,002

Tangible assets

5

15,015

20,020

20,372

27,022

CURRENT ASSETS

Debtors

6

316,288

588,385

Cash at bank

141,275

3,229

457,563

591,614

CREDITORS

Amounts falling due within one year

7

(99,071

)

(150,989

)

NET CURRENT ASSETS

358,492

440,625

TOTAL ASSETS LESS CURRENT LIABILITIES

378,864

467,647

CAPITAL AND RESERVES

Called up share capital

2,334

2,334

Share premium

139,221

429,221

Retained earnings

237,309

36,092

SHAREHOLDERS' FUNDS

378,864

467,647

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2018 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 30th September 2019 and were signed on its behalf by:

S J Rule - Director

1.	STATUTORY INFORMATION

Place Group 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.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2017 - 8 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1st January 2018

and 31st December 2018

32,900

AMORTISATION

At 1st January 2018

25,898

Charge for year

1,645

At 31st December 2018

27,543

NET BOOK VALUE

At 31st December 2018

5,357

At 31st December 2017

7,002

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1st January 2018

and 31st December 2018

213,001

DEPRECIATION

At 1st January 2018

192,981

Charge for year

5,005

At 31st December 2018

197,986

NET BOOK VALUE

At 31st December 2018

15,015

At 31st December 2017

20,020

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/18

31/12/17

£

£

Trade debtors

30,681

144,781

Amounts owed by participating interests

260,912

418,318

Other debtors

24,695

25,286

316,288

588,385

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/18

31/12/17

£

£

Payments on account

-

28,352

Trade creditors

18,732

117,310

Taxation and social security

-

5,327

Other creditors

80,339

-

99,071

150,989

8.	ULTIMATE CONTROLLING PARTY

The company is under no overall control by any entity or individual in the current and preceding year.