PLN Corporation Limited - Accounts to registrar - small 17.2

REGISTERED NUMBER: 09902355 (England and Wales)

Unaudited Financial Statements

for the Period 4 December 2015 to 31 March 2017

for

PLN Corporation Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

J S Bhatti

REGISTERED OFFICE:

017 Hurlingham Studios

Ranelagh Gardens

London

SW6 3PA

REGISTERED NUMBER:

09902355 (England and Wales)

ACCOUNTANTS:

Williams & Co

Chartered Accountants

8-10 South Street

Epsom

Surrey

KT18 7PF

FIXED ASSETS

Tangible assets

4

2,198

CURRENT ASSETS

Debtors

5

20,736

Cash at bank and in hand

18,864

39,600

CREDITORS

Amounts falling due within one year

6

24,617

NET CURRENT ASSETS

14,983

TOTAL ASSETS LESS CURRENT LIABILITIES

17,181

PROVISIONS FOR LIABILITIES

7

440

NET ASSETS

16,741

CAPITAL AND RESERVES

Called up share capital

8

100

Retained earnings

9

16,641

SHAREHOLDERS' FUNDS

16,741

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 on 30 August 2017 and were signed by:

J S Bhatti - Director

1.	STATUTORY INFORMATION

PLN Corporation Limited is a private company, limited by shares , registered in England and Wales.

The company's registered number and registered office address can be found on the Company

Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts,

rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Computer equipment

-

33% on cost

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at

the balance sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the

period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 .

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

Additions

3,487

At 31 March 2017

3,487

DEPRECIATION

Charge for period

1,289

At 31 March 2017

1,289

NET BOOK VALUE

At 31 March 2017

2,198

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade debtors

12,809

Other debtors

7,927

20,736

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade creditors

2,970

Social security and other taxes

358

VAT

9,257

Other creditors

232

Directors' current accounts

10,000

Accrued expenses

1,800

24,617

7.	PROVISIONS FOR LIABILITIES

£

Deferred tax

440

Deferred

tax

£

Provided during period

440

Balance at 31 March 2017

440

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

100

Ordinary shares

£1

100

100 Ordinary shares shares of £1 each were allotted and fully paid for cash at par during the period.

9.

RESERVES

Retained

earnings

£

Profit for the period

41,641

Dividends

(25,000

)

At 31 March 2017

16,641

10.	RELATED PARTY DISCLOSURES

JSB Accounting Services Ltd

A company in which Mr Bhatti is a shareholder

During the year, JSB Accounting Services Ltd charged £17,500 for management & consultancy

services provided.