Place Group Limited - Accounts to registrar (filleted) - small 18.1

REGISTERED NUMBER: 04395705 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31st December 2017

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

7,002

8,647

Tangible assets

5

20,020

22,949

27,022

31,596

CURRENT ASSETS

Debtors

6

588,385

520,328

Cash at bank

3,229

250,790

591,614

771,118

CREDITORS

Amounts falling due within one year

7

(150,989

)

(422,619

)

NET CURRENT ASSETS

440,625

348,499

TOTAL ASSETS LESS CURRENT LIABILITIES

467,647

380,095

CAPITAL AND RESERVES

Called up share capital

2,334

2,334

Share premium

429,221

429,221

Retained earnings

36,092

(51,460

)

SHAREHOLDERS' FUNDS

467,647

380,095

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2017 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 30th September 2018 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.

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 (2016 - 8 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1st January 2017

and 31st December 2017

32,900

AMORTISATION

At 1st January 2017

24,253

Charge for year

1,645

At 31st December 2017

25,898

NET BOOK VALUE

At 31st December 2017

7,002

At 31st December 2016

8,647

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1st January 2017

209,256

Additions

3,745

At 31st December 2017

213,001

DEPRECIATION

At 1st January 2017

186,307

Charge for year

6,674

At 31st December 2017

192,981

NET BOOK VALUE

At 31st December 2017

20,020

At 31st December 2016

22,949

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/17

31/12/16

£

£

Trade debtors

144,781

6,054

Amounts owed by participating interests

418,318

483,806

Other debtors

25,286

30,468

588,385

520,328

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/17

31/12/16

£

£

Payments on account

28,352

-

Trade creditors

117,310

-

Taxation and social security

5,327

422,619

150,989

422,619

8.	ULTIMATE CONTROLLING PARTY

The company is under no overall control by any entity or individual in the

current and preceding year.