Plasmerton Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 02738800 (England and Wales)

Unaudited Financial Statements

for the Year Ended 29 April 2019

for

Plasmerton Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

7

DIRECTORS:

A R Harding

P A Birchley

SECRETARY:

A R Harding

REGISTERED OFFICE:

Lakeview House

4 Woodbrook Crescent

Billericay

Essex

CM12 0EQ

REGISTERED NUMBER:

02738800 (England and Wales)

ACCOUNTANTS:

Mudd Partners LLP

Chartered Accountants

Lakeview House

4 Woodbrook Crescent

Billericay

Essex

CM12 0EQ

FIXED ASSETS

Tangible assets

4

508

690

Investment property

5

2,735,000

2,735,000

2,735,508

2,735,690

CURRENT ASSETS

Debtors

6

1,265,407

269,038

Cash at bank

442,159

93,515

1,707,566

362,553

CREDITORS

Amounts falling due within one year

7

339,681

308,118

NET CURRENT ASSETS

1,367,885

54,435

TOTAL ASSETS LESS CURRENT LIABILITIES

4,103,393

2,790,125

PROVISIONS FOR LIABILITIES

344,988

314,272

NET ASSETS

3,758,405

2,475,853

CAPITAL AND RESERVES

Called up share capital

8

1,000

1,000

Fair value reserve

9

1,989,457

2,020,195

Retained earnings

1,767,948

454,658

SHAREHOLDERS' FUNDS

3,758,405

2,475,853

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 April 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 April 2019 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 21 January 2020 and were signed on its behalf by:

P A Birchley - Director

1.	STATUTORY INFORMATION

Plasmerton 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.

Tangible fixed assets

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

Improvements to property

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

33% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in

fair value is recognised in profit or loss.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2018 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

and

Computer

property

fittings

equipment

Totals

£

£

£

£

COST

At 30 April 2018

and 29 April 2019

6,384

2,813

6,238

15,435

DEPRECIATION

At 30 April 2018

5,810

2,807

6,128

14,745

Charge for year

144

2

36

182

At 29 April 2019

5,954

2,809

6,164

14,927

NET BOOK VALUE

At 29 April 2019

430

4

74

508

At 29 April 2018

574

6

110

690

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 30 April 2018

and 29 April 2019

2,735,000

NET BOOK VALUE

At 29 April 2019

2,735,000

At 29 April 2018

2,735,000

The directors consider that the valuation, determined by them, represents the fair value of the investment

property as at 31 March 2019.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

29.4.19

29.4.18

£

£

Amounts owed by associates

890,991

259,383

Other debtors

374,416

9,655

1,265,407

269,038

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

29.4.19

29.4.18

£

£

Trade creditors

3,969

3,317

Amounts owed to associates

2,360

96,862

Taxation and social security

318,012

40,759

Other creditors

15,340

167,180

339,681

308,118

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

29.4.19

29.4.18

value:

£

£

1,000

Ordinary

1

1,000

1,000

9.

RESERVES

Fair

value

reserve

£

At 30 April 2018

2,020,195

Deferred tax transfer

(30,738

)

At 29 April 2019

1,989,457

10.	RELATED PARTY DISCLOSURES

The following balances are due from / (to) companies with common directors and shareholders. All loans are

repayable on demand and interest free.

Detail

2019 (£

)

2018 (£

)

Aridd Limited

252,699

252,699

Deben Holdings Limited

6,684

6,684

Deben Properties Limited

281,608

(94,502

)

Rural Community Housing Limited

350,000

-

Pacmico Limited

(2,360

)

(2,360

)

Totals

888,631

162,521

The following reproduces the text of the report prepared for the directors in respect of the company's annual

unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file

a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the

Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Plasmerton Limited for the year ended 29 April 2019 which comprise the Income Statement,

Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from

information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Plasmerton Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Plasmerton Limited and state those matters that we have agreed to state to the Board of Directors of Plasmerton Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Plasmerton Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Plasmerton Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Plasmerton Limited. You consider that Plasmerton Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Plasmerton Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Mudd Partners LLP

Chartered Accountants

Lakeview House

4 Woodbrook Crescent

Billericay

Essex

CM12 0EQ

21 January 2020