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REGISTERED NUMBER: 08941119 (England and Wales)












Financial Statements

for the Year Ended 31st March 2023

for

PGM Property Ltd

PGM Property Ltd (Registered number: 08941119)






Contents of the Financial Statements
for the Year Ended 31st March 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 3


PGM Property Ltd

Company Information
for the Year Ended 31st March 2023







DIRECTOR: R P G Moody





REGISTERED OFFICE: 2 West Street
Henley On Thames
Oxfordshire
RG9 2DU





REGISTERED NUMBER: 08941119 (England and Wales)





ACCOUNTANTS: Buffery & Co Ltd
2 West Street
Henley On Thames
Oxfordshire
RG9 2DU

PGM Property Ltd (Registered number: 08941119)

Abridged Balance Sheet
31st March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,543 2,957

CURRENT ASSETS
Debtors 69,872 99,985
Cash at bank 37 1,132
69,909 101,117
CREDITORS
Amounts falling due within one year 43,835 55,284
NET CURRENT ASSETS 26,074 45,833
TOTAL ASSETS LESS CURRENT LIABILITIES 27,617 48,790

CREDITORS
Amounts falling due after more than one year 27,442 37,271
NET ASSETS 175 11,519

CAPITAL AND RESERVES
Called up share capital 5 100 100
Retained earnings 6 75 11,419
SHAREHOLDERS' FUNDS 175 11,519

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2023 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31st March 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 and authorised for issue on 5th October 2023 and were signed by:





R P G Moody - Director


PGM Property Ltd (Registered number: 08941119)

Notes to the Financial Statements
for the Year Ended 31st March 2023

1. STATUTORY INFORMATION

PGM Property Ltd 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.

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.
Plant and machinery - 20% on reducing balance
Computer equipment - 33.33% on cost

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1st April 2022
and 31st March 2023 7,459
DEPRECIATION
At 1st April 2022 4,502
Charge for year 1,414
At 31st March 2023 5,916
NET BOOK VALUE
At 31st March 2023 1,543
At 31st March 2022 2,957

5. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.23 31.3.22
value: £    £   
100 Ordinary £1.00 100 100

6. RESERVES
Retained
earnings
£   

At 1st April 2022 11,419
Profit for the year 20,556
Dividends (31,900 )
At 31st March 2023 75

PGM Property Ltd (Registered number: 08941119)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2023

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st March 2023 and 31st March 2022:

31.3.23 31.3.22
£    £   
R P G Moody
Balance outstanding at start of year 84,192 43,842
Amounts advanced 11,477 190,350
Amounts repaid (51,250 ) (150,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 44,419 84,192