Planetinternationuk Limited 31/12/2020 iXBRL
Planetinternationuk Limited 31/12/2020 iXBRL
Company registration number:
08179982
Contents
Directors and other information
Abridged statement of financial position
Notes to the financial statements
Directors and other information
Director |
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Secretary |
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Company number |
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Registered office |
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Accountants |
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1 Kings Avenue | ||
Winchmore Hill | ||
London | ||
N21 3NA | ||
Abridged statement of financial position
31 December 2020
2020 | 2019 | ||||||||
Note | £ | £ | £ | £ | |||||
Fixed assets | |||||||||
Investments | 5 |
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_______ | _______ | ||||||||
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Current assets | |||||||||
Debtors |
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Cash at bank and in hand |
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_______ | _______ | ||||||||
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Creditors: amounts falling due | |||||||||
within one year |
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(
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_______ | _______ | ||||||||
Net current liabilities |
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_______ | _______ | ||||||||
Total assets less current liabilities |
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_______ | _______ | ||||||||
Net liabilities |
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_______ | _______ | ||||||||
Capital and reserves | |||||||||
Called up share capital |
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Profit and loss account |
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_______ | _______ | ||||||||
Shareholders deficit |
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_______ | _______ | ||||||||
Director's responsibilities:
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The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
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The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
20 September 2021
, and are signed on behalf of the board by:
Director
Company registration number:
08179982
Notes to the financial statements
Year ended 31 December 2020
1.
General information
The company is a private company limited by shares, registered in England. The address of the registered office is 1 Kings Avenue, Winchmore Hill, London, N21 3NA. The principal activity of the company is that of property management consultant.
2.
Statement of compliance
The financial statements have been prepared under the historical cost convention.
3.
Accounting policies
Basis of preparation
The financial statements are prepared in sterling, which is the presentation functional currency of the entity.
The following accounting policies have been applied consistently throughout the year.
Going concern
Consolidation
Judgements and key sources of estimation uncertainty
Turnover
Turnover is measured at the fair value of the consideration received or receivable for services rendered, net of discounts and Value Added Tax.
When the outcome of a transaction involving the rendering of services can be reliably estimated, revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period.
Taxation
Fixed asset investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses. Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Financial instruments
Defined contribution plans
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
1
(2019:
1
).
5.
Investments
£ | ||
Cost | ||
At 1 January 2020 and 31 December 2020 |
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_______ | ||
Impairment | ||
At 1 January 2020 and 31 December 2020 | - | |
_______ | ||
Carrying amount | ||
At 31 December 2020 |
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At 31 December 2019 |
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6.
Related party transactions
As at the year end the company owed the director,
E Demosthenous
£78,938. (2019 - £80,670). No interest is charged on the director's loan accounts.As at the year end there was a balance due of £6,580 (2019 - £6,580) to Planet Properties (London) Limited, a company under common control, incorporated in England.As at the year end there was a balance due of £182,562 (2019 - £182,562) from Planet Mayfair Limited, a company under common control, incorporated in England.The company took the advantage of exemption under section 33.1A of FRS102 not to disclose related party transactions with wholly owned subsidiary.
7.
Controlling party
The ultimate controlling party is the director,
E Demosthenous
.