Place Group Limited - Accounts to registrar - small 17.2

REGISTERED NUMBER: 04395705 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31st December 2016

for

Place Group Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Miss C E Delaney

S J Rule

Mrs T L Brown

M Tadman

SECRETARY:

M B Adams

REGISTERED OFFICE:

The Regent

Chapel Street

Penzance

Cornwall

TR18 4AE

REGISTERED NUMBER:

04395705 (England and Wales)

ACCOUNTANTS:

Addition Accountants Limited

The Regent

Chapel Street

Penzance

Cornwall

TR18 4AE

FIXED ASSETS

Intangible assets

4

8,647

10,291

Tangible assets

5

22,949

28,494

31,596

38,785

CURRENT ASSETS

Debtors

6

520,328

328,265

Cash at bank

250,790

397,971

771,118

726,236

CREDITORS

Amounts falling due within one year

7

(422,619

)

(413,076

)

NET CURRENT ASSETS

348,499

313,160

TOTAL ASSETS LESS CURRENT LIABILITIES

380,095

351,945

CAPITAL AND RESERVES

Called up share capital

2,334

2,334

Share premium

429,221

429,221

Retained earnings

(51,460

)

(79,610

)

SHAREHOLDERS' FUNDS

380,095

351,945

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2016 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors on 29th September 2017 and were signed on its behalf by:

S J Rule - Director

1.	STATUTORY INFORMATION

Place Group 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.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost

less any accumulated amortisation and any accumulated impairment losses.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

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

sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that

have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the

timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they

will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1st January 2016

and 31st December 2016

32,900

AMORTISATION

At 1st January 2016

22,609

Charge for year

1,644

At 31st December 2016

24,253

NET BOOK VALUE

At 31st December 2016

8,647

At 31st December 2015

10,291

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1st January 2016

207,151

Additions

2,105

At 31st December 2016

209,256

DEPRECIATION

At 1st January 2016

178,657

Charge for year

7,650

At 31st December 2016

186,307

NET BOOK VALUE

At 31st December 2016

22,949

At 31st December 2015

28,494

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/16

31/12/15

£

£

Trade debtors

6,054

257,982

Amounts owed by participating interests

483,806

-

Other debtors

30,468

70,283

520,328

328,265

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/16

31/12/15

£

£

Trade creditors

-

39,814

Taxation and social security

422,619

364,968

Other creditors

-

8,294

422,619

413,076

8.	TRANSACTIONS WITH DIRECTORS

the following loans to directors subsisted during the years ended a director subsisted during the years ended

31st December 2016 and 31st December 2015:

31/12/16

31/12/15

£

£

Miss C E Delaney

Balance outstanding at start of year

22,050

22,050

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

22,050

22,050

9.	ULTIMATE CONTROLLING PARTY

The company is under no overall control by any entity or individual in the current and preceding year.