Platnauer Properties Limited Filleted accounts for Companies House (small and micro)
Platnauer Properties Limited Filleted accounts for Companies House (small and micro)
COMPANY REGISTRATION NUMBER:
07968425
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Abridged Financial Statements |
Year ended 31st January 2023
Contents |
Page |
Officers and professional advisers |
1 |
Accountants report to the director on the preparation of the unaudited statutory abridged financial statements |
2 |
Abridged statement of financial position |
3 |
Statement of changes in equity |
5 |
Notes to the abridged financial statements |
6 |
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Officers and Professional Advisers |
Director |
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Registered Office |
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Accountants |
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Accountants |
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The White House |
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Station Road |
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West Hagley |
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Stourbridge |
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West Midlands |
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DY9 0NU |
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Accountants Report to the Director on the Preparation of the Unaudited Statutory Abridged Financial Statements of
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Year ended 31st January 2023
The White House
Station Road
West Hagley
Stourbridge
West Midlands
DY9 0NU
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Abridged Statement of Financial Position |
2023 |
2022 |
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Note |
£ |
£ |
£ |
Fixed assets
Tangible assets |
5 |
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Investments |
6 |
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Current assets
Debtors |
7 |
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Cash at bank and in hand |
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Creditors: amounts falling due within one year |
8 |
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Net current assets |
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Total assets less current liabilities |
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Creditors: amounts falling due after more than one year |
9 |
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Provisions
Taxation including deferred tax |
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Net assets |
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Abridged Statement of Financial Position (continued) |
2023 |
2022 |
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Note |
£ |
£ |
£ |
Capital and reserves
Called up share capital |
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Revaluation reserve |
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– |
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Other reserves |
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Profit and loss account |
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Shareholders funds |
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In accordance with section 444 of the Companies Act 2006, the abridged statement of comprehensive income has not been delivered.
Director's responsibilities:
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The members have not required the company to obtain an audit of its abridged financial statements for the year in question in accordance with section 476
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The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of abridged financial statements
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These abridged financial statements were approved by the
board of directors
and authorised for issue on
31 October 2023
, and are signed on behalf of the board by:
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Director |
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Company registration number:
07968425
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Statement of Changes in Equity |
Year ended 31st January 2023
Called up share capital |
Revaluation reserve |
Other reserves |
Profit and loss account |
Total |
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Note |
£ |
£ |
£ |
£ |
£ |
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At 1st February 2021 |
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– |
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Profit for the year |
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Other comprehensive income for the year: |
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Investments fair value adjustment |
– |
– |
517,964 |
(517,964) |
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Total comprehensive income for the year |
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– |
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At 31st January 2022 |
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– |
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Profit for the year |
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Other comprehensive income for the year: |
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Revaluation of tangible assets |
5 |
– |
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– |
– |
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Investments fair value adjustment |
– |
– |
(113,358) |
113,358 |
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Total comprehensive income for the year |
– |
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(
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At 31st January 2023 |
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Notes to the Abridged Financial Statements |
Year ended 31st January 2023
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 48 Carver Street, Birmingham, B1 3AS.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. There are no key assumptions and other sources of estimation uncertainty that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.
Revenue recognition
Income tax
Tangible assets
Investment property
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.
Provisions
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.
Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.
Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
2
(2022:
2
).
5.
Tangible assets
Land and buildings |
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£ |
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Cost or valuation |
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At 1st February 2022 |
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Revaluations |
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At 31st January 2023 |
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Depreciation |
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At 1st February 2022 and 31st January 2023 |
– |
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Carrying amount |
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At 31st January 2023 |
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At 31st January 2022 |
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Included within the above is investment property as follows:
£ |
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At 1st February 2022 |
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Fair value adjustments |
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At 31st January 2023 |
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6.
Investments
Other investments other than loans |
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£ |
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Cost or valuation |
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At 1st February 2022 |
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Revaluations |
(
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At 31st January 2023 |
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Impairment |
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At 1st February 2022 and 31st January 2023 |
– |
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Carrying amount |
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At 31st January 2023 |
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At 31st January 2022 |
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7.
Debtors
2023 |
2022 |
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£ |
£ |
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Trade debtors |
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Other debtors |
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8.
Creditors:
amounts falling due within one year
2023 |
2022 |
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£ |
£ |
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Bank loans |
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Trade creditors |
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Accruals and deferred income |
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Corporation tax |
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Social security and other taxes |
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Other creditors |
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9.
Creditors:
amounts falling due after more than one year
2023 |
2022 |
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£ |
£ |
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Bank loans |
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Director loan accounts |
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Other creditors |
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10.
Director's advances, credits and guarantees
During the year, the director withdrew £64,500 from his loan account, leaving a balance at year end of £944,544.