Plaintrack Limited Filleted accounts for Companies House (small and micro)

PLAINTRACK LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: 04375848

Plaintrack Limited

Filleted Unaudited Financial Statements

31 March 2023

Plaintrack Limited

Financial Statements

Year ended 31 March 2023

Contents	Page

Officers and professional advisers	1

Report to the board of directors on the preparation of the unaudited statutory financial statements	2

Statement of financial position	3

Notes to the financial statements	4

Plaintrack Limited

Officers and Professional Advisers

The board of directors	Mrs B J Baulf
	Mrs S L Chilvers
	A P Chilvers

Company secretary	Mrs B J Baulf

Registered office	17-19 Station Road West
	Oxted
	Surrey
	RH8 9EE

Accountants	Baulf-James
	Chartered accountants
	17-19 Station Road West
	Oxted
	Surrey
	RH8 9EE

Plaintrack Limited

Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of Plaintrack Limited

Year ended 31 March 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Plaintrack Limited for the year ended 31 March 2023, which comprise the statement of financial position 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 www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html. This report is made solely to the Board of Directors of Plaintrack Limited, as a body, in accordance with the terms of our engagement letter dated 23 December 2016. Our work has been undertaken solely to prepare for your approval the financial statements of Plaintrack Limited and state those matters that we have agreed to state to you, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Plaintrack Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Plaintrack 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 Plaintrack Limited. You consider that Plaintrack 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 Plaintrack 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.

Baulf-James Chartered accountants

17-19 Station Road West Oxted Surrey RH8 9EE

11 December 2023

Plaintrack Limited

Statement of Financial Position

31 March 2023

	2023	2022
Note	£	£

Fixed assets

Investments	4	1,720,037	1,680,794

Creditors: amounts falling due within one year	5	676,477	676,225
		---------	---------
Net current liabilities		676,477	676,225
		------------	------------
Total assets less current liabilities		1,043,560	1,004,569
		------------	------------
Net assets		1,043,560	1,004,569
		------------	------------

Capital and reserves

Called up share capital	1,000	1,000
Profit and loss account	1,042,560	1,003,569
	------------	------------
Shareholders funds	1,043,560	1,004,569
	------------	------------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- 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 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 11 December 2023 , and are signed on behalf of the board by:

A P Chilvers

Director

Company registration number: 04375848

Plaintrack Limited

Notes to the Financial Statements

Year ended 31 March 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 17-19 Station Road West, Oxted, Surrey, RH8 9EE.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities measured at fair value through profit or loss.

Consolidation

The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at fair value less any accumulated impairment losses.

4. Investments

	Shares in group undertakings
	£
Valuation
At 1 April 2022	1,680,794
Revaluations	39,243
	------------
At 31 March 2023	1,720,037
	------------
Impairment
At 1 April 2022 and 31 March 2023	–
	------------

Carrying amount
At 31 March 2023	1,720,037
	------------
At 31 March 2022	1,680,794
	------------

The investment is valued at net asset value.

The company owns 100% of the issued share capital of E.E. Lane & Sons (Holdings) Limited, purchased for £1,304,831 during the year ending 31 March 2003. The capital and reserves for the subsidiary for the financial year ending 31 March 2023 were :

Aggregate capital and reserves £1,680,793

Profit and (loss) for the year £39,244

5. Creditors: amounts falling due within one year

	2023	2022
	£	£
Amounts owed to group undertakings and undertakings in which the company has a participating interest	504,497	504,245
Other creditors	171,980	171,980
	---------	---------
	676,477	676,225
	---------	---------

NatWest Bank, PLC, has a fixed and floating charge registered at Companies House .

6. Related party transactions

The company was not under the control of any one individual during the current and previous year.