General Information
Platingnum Park Limited is a private company, limited by shares, registered in England and Wales, registration number 05297688, registration address Kemp House, 160 City Road , London, EC1V 2NX.
The presentation currency is £ sterling.
| 1. |
Accounting policies
Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Going concern basis
The directors believe that the company will be experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Research and development expenditure
Research and development expenditure is charged to the profit and loss account in the period in which it is incurred.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
| Fixtures and Fittings |
5 Straight Line
|
| Computer Equipment |
3 Straight Line
|
|
| 2. |
Average number of employees
Average number of employees during the year was 1 (2022 : 1).
|
| 3. |
Tangible fixed assets
| Cost or valuation |
Fixtures and Fittings |
|
Computer Equipment |
|
Total |
| |
£ |
|
£ |
|
£ |
| At 01 June 2022 |
4,826 |
|
3,368 |
|
8,194 |
| Additions |
- |
|
949 |
|
949 |
| Disposals |
- |
|
- |
|
- |
| At 31 May 2023 |
4,826 |
|
4,317 |
|
9,143 |
| Depreciation |
| At 01 June 2022 |
1,145 |
|
1,708 |
|
2,853 |
| Charge for year |
965 |
|
1,189 |
|
2,154 |
| On disposals |
- |
|
- |
|
- |
| At 31 May 2023 |
2,110 |
|
2,897 |
|
5,007 |
| Net book values |
| Closing balance as at 31 May 2023 |
2,716 |
|
1,420 |
|
4,136 |
| Opening balance as at 01 June 2022 |
3,681 |
|
1,660 |
|
5,341 |
|
| 4. |
Share Capital
Allotted, called up and fully paid
|
2023
£ |
|
2022
£ |
|
100
Ordinary shares of £1.00 each |
100 |
|
100 |
|
50
Ordinary shares of £1.00 each |
50 |
|
50 |
|
150 |
|
150 |
|
2
|
