Planned Developments Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 02501588 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 April 2023

for

Planned Developments Limited

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Tangible assets

4

474,746

582,002

Investment property

5

4,637,284

4,637,284

5,112,030

5,219,286

CURRENT ASSETS

Debtors

6

305,538

334,021

Cash at bank

8,089

303

313,627

334,324

CREDITORS

Amounts falling due within one year

7

(5,210,674

)

(5,179,685

)

NET CURRENT LIABILITIES

(4,897,047

)

(4,845,361

)

TOTAL ASSETS LESS CURRENT LIABILITIES

214,983

373,925

CREDITORS

Amounts falling due after more than one year

8

(21,547

)

(30,833

)

PROVISIONS FOR LIABILITIES

-

(42,637

)

NET ASSETS

193,436

300,455

CAPITAL AND RESERVES

Called up share capital

100

100

Fair value reserve

9

43,520

43,520

Retained earnings

149,816

256,835

193,436

300,455

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 January 2024 and were signed by:

Mr W Stobart - Director

1.	STATUTORY INFORMATION

Planned Developments Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

02501588

Registered office:

Clare's Space Boutique Health Club

Faulkners Lane

Great Warford

Knutsford

Cheshire

WA16 7RN

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

10% on cost

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

£

COST

At 1 May 2022

994,440

Additions

2,576

Disposals

(43,559

)

At 30 April 2023

953,457

DEPRECIATION

At 1 May 2022

412,438

Charge for year

74,723

Eliminated on disposal

(8,450

)

At 30 April 2023

478,711

NET BOOK VALUE

At 30 April 2023

474,746

At 30 April 2022

582,002

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 May 2022

and 30 April 2023

4,637,284

NET BOOK VALUE

At 30 April 2023

4,637,284

At 30 April 2022

4,637,284

Fair value at 30 April 2023 is represented by:

£

Valuation in 2020

43,520

Cost

4,593,764

4,637,284

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.23

30.4.22

£

£

Trade debtors

-

60,000

Other debtors

305,538

274,021

305,538

334,021

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.23

30.4.22

£

£

Bank loans and overdrafts

10,000

10,456

Trade creditors

10,990

8,562

Amounts owed to group undertakings

5,175,500

5,125,500

Taxation and social security

8,984

26,767

Other creditors

5,200

8,400

5,210,674

5,179,685

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.4.23

30.4.22

£

£

Bank loans

21,547

30,833

9.

RESERVES

Fair

value

reserve

£

At 1 May 2022

and 30 April 2023

43,520

10.	ULTIMATE CONTROLLING PARTY

The controlling party is Oakfield Manor Estates Limited.