Plutus LVM Limited - Accounts to registrar (filleted) - small 18.2
Plutus LVM Limited - Accounts to registrar (filleted) - small 18.2
REPORT OF THE DIRECTORS AND |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MAY 2021 |
FOR |
PLUTUS LVM LIMITED |
PLUTUS LVM LIMITED (REGISTERED NUMBER: 12001964) |
CONTENTS OF THE FINANCIAL STATEMENTS |
for the year ended 31 May 2021 |
Page |
Company Information | 1 |
Report of the Directors | 2 |
Balance Sheet | 3 |
Notes to the Financial Statements | 4 |
Chartered Certified Accountants' Report | 7 |
PLUTUS LVM LIMITED |
COMPANY INFORMATION |
for the year ended 31 May 2021 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Certified Accountants |
70-72 Nottingham Road |
Mansfield |
Nottinghamshire |
NG18 1BN |
PLUTUS LVM LIMITED (REGISTERED NUMBER: 12001964) |
REPORT OF THE DIRECTORS |
for the year ended 31 May 2021 |
The directors present their report with the financial statements of the company for the year ended 31 May 2021. |
PRINCIPAL ACTIVITY |
The principal activity of the company in the year under review was that of property investments and rentals. |
DIRECTORS |
The directors shown below have held office during the whole of the period from 1 June 2020 to the date of this report. |
This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies. |
ON BEHALF OF THE BOARD: |
PLUTUS LVM LIMITED (REGISTERED NUMBER: 12001964) |
BALANCE SHEET |
31 May 2021 |
31.5.21 | 31.5.20 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
Investments | 5 |
CURRENT ASSETS |
Debtors | 6 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 7 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
PROVISIONS FOR LIABILITIES | 8 |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Share premium |
Revaluation reserve | 9 |
Retained earnings | ( |
) | ( |
) |
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. |
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 and authorised for issue on |
PLUTUS LVM LIMITED (REGISTERED NUMBER: 12001964) |
NOTES TO THE FINANCIAL STATEMENTS |
for the year ended 31 May 2021 |
1. | STATUTORY INFORMATION |
Plutus LVM Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Tangible fixed assets |
Fixtures and fittings | - |
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. |
Turnover |
Rent is charged to tenants in advance as income in the period to which it relates. |
Government grants |
Government grants represent monies received in relation to the Coronavirus small business grant fund. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was NIL (2020 - |
PLUTUS LVM LIMITED (REGISTERED NUMBER: 12001964) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the year ended 31 May 2021 |
4. | TANGIBLE FIXED ASSETS |
Fixtures |
Freehold | and |
property | fittings | Totals |
£ | £ | £ |
COST |
At 1 June 2020 |
Additions |
At 31 May 2021 |
DEPRECIATION |
At 1 June 2020 |
Charge for year |
At 31 May 2021 |
NET BOOK VALUE |
At 31 May 2021 |
At 31 May 2020 |
5. | FIXED ASSET INVESTMENTS |
Other |
investments |
£ |
COST OR VALUATION |
At 1 June 2020 |
Additions |
Revaluations |
At 31 May 2021 |
NET BOOK VALUE |
At 31 May 2021 |
At 31 May 2020 |
Cost or valuation at 31 May 2021 is represented by: |
Other |
investments |
£ |
Valuation in 2020 | 2,550,000 |
Valuation in 2021 | 1,719,743 |
4,269,743 |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.5.21 | 31.5.20 |
£ | £ |
Trade debtors |
PLUTUS LVM LIMITED (REGISTERED NUMBER: 12001964) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the year ended 31 May 2021 |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.5.21 | 31.5.20 |
£ | £ |
Tax |
Directors' current accounts | 5,075,000 | 3,550,000 |
Accrued expenses |
8. | PROVISIONS FOR LIABILITIES |
31.5.21 | 31.5.20 |
£ | £ |
Deferred tax | 2,347 | 2,869 |
Deferred |
tax |
£ |
Balance at 1 June 2020 |
Provided during year | ( |
) |
Balance at 31 May 2021 |
9. | RESERVES |
Revaluation |
reserve |
£ |
Revaluation | 155,493 |
At 31 May 2021 |
CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS |
ON THE UNAUDITED FINANCIAL STATEMENTS OF |
PLUTUS LVM LIMITED |
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 Plutus LVM Limited for the year ended 31 May 2021 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 Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook. |
This report is made solely to the Board of Directors of Plutus LVM 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 Plutus LVM Limited and state those matters that we have agreed to state to the Board of Directors of Plutus LVM Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report. |
It is your duty to ensure that Plutus LVM 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 Plutus LVM Limited. You consider that Plutus LVM 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 Plutus LVM 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. |
Chartered Certified Accountants |
70-72 Nottingham Road |
Mansfield |
Nottinghamshire |
NG18 1BN |