PLD Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08755663 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2021

FOR

PLD LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

P Parra

REGISTERED OFFICE:

Park Farm

Winter Hill Road

Maidenhead

Berkshire

SL6 6PJ

REGISTERED NUMBER:

08755663 (England and Wales)

ACCOUNTANTS:

Haines Watts

Advantage

87 Castle Street

Reading

Berkshire

RG1 7SN

FIXED ASSETS

Tangible assets

4

101,532

81,587

Investments

5

42,992

40,013

Investment property

6

3,050,000

3,050,000

3,194,524

3,171,600

CURRENT ASSETS

Stocks

68,586

29,572

Debtors

7

7,978,101

7,792,571

Cash at bank

371,417

524,269

8,418,104

8,346,412

CREDITORS

Amounts falling due within one year

8

4,140,265

4,721,020

NET CURRENT ASSETS

4,277,839

3,625,392

TOTAL ASSETS LESS CURRENT LIABILITIES

7,472,363

6,796,992

CREDITORS

Amounts falling due after more than one year

9

(1,527,852

)

(1,623,264

)

PROVISIONS FOR LIABILITIES

(783,302

)

(778,682

)

NET ASSETS

5,161,209

4,395,046

CAPITAL AND RESERVES

Called up share capital

10

10

Revaluation reserve

11

1,493,143

1,493,143

Retained earnings

3,668,056

2,901,893

SHAREHOLDERS' FUNDS

5,161,209

4,395,046

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 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 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 and authorised for issue by the director and authorised for issue on 30 September 2022 and were signed by:

P Parra - Director

1.	STATUTORY INFORMATION

PLD 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 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.

Turnover

Turnover represents invoiced amounts in respect of rental income and service charges, excluding Value Added Tax (VAT).

Turnover is recognised in the period to which it relates.

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 etc

-

20% and 25% on cost

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at 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.

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2020 - NIL).

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2021

745,248

Additions

68,006

Disposals

(31,955

)

Reclassification/transfer

(1,980

)

At 31 December 2021

779,319

DEPRECIATION

At 1 January 2021

663,661

Charge for year

20,095

Eliminated on disposal

(4,085

)

Reclassification/transfer

(1,884

)

At 31 December 2021

677,787

NET BOOK VALUE

At 31 December 2021

101,532

At 31 December 2020

81,587

5.	FIXED ASSET INVESTMENTS

2021

2020

£

£

Shares in group undertakings

999

-

Other investments not loans

41,993

40,013

42,992

40,013

Additional information is as follows:

Shares in

group

undertakings

£

COST

Additions

999

At 31 December 2021

999

NET BOOK VALUE

At 31 December 2021

999

Investments (neither listed nor unlisted) were as follows:

2021

2020

£

£

Cost/valuation b/f

40,013

40,013

Reclassification/transfer

1,980

-

41,993

40,013

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2021

and 31 December 2021

3,050,000

NET BOOK VALUE

At 31 December 2021

3,050,000

At 31 December 2020

3,050,000

The director believes that the current carrying value of the property represents an open market value of the property at 31 December 2020.

Fair value at 31 December 2021 is represented by:

£

Valuation in 2016

1,613,386

Valuation in 2017

555,000

Valuation in 2018

(325,000

)

Cost

1,206,614

3,050,000

If fixed asset investments had not been revalued it would have been included at the following historical cost:

2021

2020

£

£

Cost

1,206,614

1,206,614

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Trade debtors

681,502

708,806

Other debtors

7,279,870

7,050,210

VAT

5,894

-

Prepayments and accrued income

10,835

33,555

7,978,101

7,792,571

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Bank loans and overdrafts

137,029

137,029

Trade creditors

3,826

1,070

Tax

78,382

20,490

VAT

-

36,521

Other creditors

2,532,393

3,004,180

Directors' current accounts

1,232,346

1,285,439

Accruals and deferred income

156,289

236,291

4,140,265

4,721,020

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2021

2020

£

£

Bank loans - 1-2 years

137,029

137,029

Bank loans - 2-5 years

1,390,823

1,486,235

1,527,852

1,623,264

10.	SECURED DEBTS

The following secured debts are included within creditors:

2021

2020

£

£

Bank loans

1,664,881

1,760,293

11.

RESERVES

Revaluation

reserve

£

At 1 January 2021

and 31 December 2021

1,493,143

12.	RELATED PARTY DISCLOSURES

Quirky Developments Limited

PLD Limited loaned funds totalling £156,520 to Quirky Developments Limited, a company which Mr P Parra controls.

The balance of the loan at the company year end was £1,467,243 (2020 - £1,310,723).

Furlong Road Developments Limited

During the year, PLD Limited had an outstanding debtor of Furlong Road Developments Limited, a company which Mr P Parra controls.The amounts advanced during the year totalled £35,906.

The balance of the loan at the company year end was £1,507,369 (2020 - £1,471,463.

Biz Homes (Bucks) Limited

PLD Limited loaned funds totalling £3,112 to Biz Homes (Bucks) Limited, a company which Mr P Parra controls.

The balance of the loan at the company year end was £8,954 (2020 - £5,842).