Plantdrive Development Limited,Ltd - AccountsLtd - Accounts

Plantdrive Development Limited,Ltd - AccountsLtd - Accounts

PLANTDRIVE DEVELOPMENT LIMITED - Company Information

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2021-04-01 11325659 2022-03-31 11325659 2021-04-01 2022-03-31 11325659 2021-03-31 11325659 2020-04-01 2021-03-31 11325659 uk-core:WithinOneYear 2021-03-31 11325659 uk-core:WithinOneYear 2022-03-31 11325659 uk-core:AfterOneYear 2021-03-31 11325659 uk-core:AfterOneYear 2022-03-31 11325659 uk-core:ShareCapital 2022-03-31 11325659 uk-core:ShareCapital 2021-03-31 11325659 uk-core:InvestmentPropertiesRevaluationReserve 2022-03-31 11325659 uk-core:InvestmentPropertiesRevaluationReserve 2021-03-31 11325659 uk-core:RetainedEarningsAccumulatedLosses 2022-03-31 11325659 uk-core:RetainedEarningsAccumulatedLosses 2021-03-31 11325659 uk-bus:Director1 2021-04-01 2022-03-31 iso4217:GBP xbrli:pure 11325659 uk-bus:AuditExemptWithAccountantsReport 2021-04-01 2022-03-31 11325659 uk-bus:FRS102 2021-04-01 2022-03-31 11325659 uk-bus:FullAccounts 2021-04-01 2022-03-31 11325659 uk-bus:PrivateLimitedCompanyLtd 2021-04-01 2022-03-31
Plantdrive Development Limited
Registered Number:11325659
For the year ended 31 March 2022
England and Wales
Unaudited Financial Statements
2
For the year ended 31 March 2022
Plantdrive Development Limited
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
Registered Number :
11325659
As at 31 March 2022
Plantdrive Development Limited
Statement of Financial Position
£
£
2021
2022
Notes
Current assets
Inventories
1,200,000
1,200,000
2
Trade and other receivables
6,000
6,000
3
-
Cash and cash equivalents
1,000
1,207,000
1,206,000
Trade and other payables: amounts falling due within one
year
(21,401)
(1,703)
4
1,184,599
1,205,297
Net current assets
Total assets less current liabilities
1,205,297
1,184,599
Trade and other payables: amounts falling due after more
than one year
-
(32,954)
5
(109,140)
(109,140)
Provisions for liabilities
1,063,203
Net assets
1,075,459
Capital and reserves
Called up share capital
6,000
6,000
Fair value reserve
1,090,860
1,090,860
Retained earnings
(33,657)
(21,401)
1,063,203
1,075,459
Shareholders' funds
For the year ended 31 March 2022 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Andrew Oakley Director
These financial statements were approved and authorised for issue by the Board on 24 May 2022 and were signed by:
The notes form part of these financial statements
1 of 3
4
For the year ended 31 March 2022
Plantdrive Development Limited
Notes to the Financial Statements
Statutory Information
Plantdrive Development Limited is a private limited company, limited by shares, domiciled in England and Wales,
registration number 11325659.
Registered address:
3 Preston Parade
Whitstable
Kent
CT5 4AA
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Inventories
The stock is land gifted to the company. It has been included at its market value on transfer from a group company.The original Cost was £558,000.
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.
2. Inventories
2021
2022
£
£
Stocks
1,200,000
1,200,000
3. Trade and other receivables
2021
2022
£
£
Other debtors
6,000
6,000
2 of 3
5
For the year ended 31 March 2022
Plantdrive Development Limited
Notes to the Financial Statements Continued
4. Trade and other payables: amounts falling due within one year
2021
2022
£
£
Amounts owed to group undertaking and undertaking in which the
company has a participating interest
-
20,970
Taxation and social security
503
431
Other creditors
1,200
-
1,703
21,401
5. Trade and other payables: amounts falling due after more than one year
2021
2022
£
£
Amounts owed to group undertaking and undertaking in which the
company has a participating interest
32,954
-
6. Related party transactions
Share Capital not yet Called and Unpaid £1,000,000 issued to Brian C. Oakley.
7. Average number of persons employed
During the year the average number of employees was 1 (2021 : 1)
3 of 3