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REGISTERED NUMBER: 13397161 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2023

FOR

PM WRIGHT LTD

PM WRIGHT LTD (REGISTERED NUMBER: 13397161)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PM WRIGHT LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2023







DIRECTOR: Ms S Platts-Martin





SECRETARY:





REGISTERED OFFICE: Insight House, 7a Alkmaar Way
Norwich International Business Park
Norwich
Norfolk
NR6 6BF





REGISTERED NUMBER: 13397161 (England and Wales)





ACCOUNTANTS: Insight Accountancy Services Ltd
7A Alkmaar Way
Norwich Int Business Park
Norwich
Norfolk
NR6 6BF

PM WRIGHT LTD (REGISTERED NUMBER: 13397161)

BALANCE SHEET
31 MAY 2023

31.5.23 31.5.22
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 1,519,814 1,329,814

CURRENT ASSETS
Debtors 5 4,032 3,615
Cash at bank 37,300 42,564
41,332 46,179
CREDITORS
Amounts falling due within one year 6 1,253,374 1,190,379
NET CURRENT LIABILITIES (1,212,042 ) (1,144,200 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

307,772

185,614

PROVISIONS FOR LIABILITIES 43,369 26,790
NET ASSETS 264,403 158,824

CAPITAL AND RESERVES
Called up share capital 101 101
Share premium 20,104 20,104
Fair value reserve 7 184,889 114,210
Retained earnings 59,309 24,409
264,403 158,824

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

PM WRIGHT LTD (REGISTERED NUMBER: 13397161)

BALANCE SHEET - continued
31 MAY 2023


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 by the director and authorised for issue on 29 November 2023 and were signed by:





Ms S Platts-Martin - Director


PM WRIGHT LTD (REGISTERED NUMBER: 13397161)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

1. STATUTORY INFORMATION

PM Wright 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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

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 (2022 - NIL).

PM WRIGHT LTD (REGISTERED NUMBER: 13397161)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2023

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 June 2022 1,329,814
Additions 102,742
Revaluations 87,258
At 31 May 2023 1,519,814
NET BOOK VALUE
At 31 May 2023 1,519,814
At 31 May 2022 1,329,814

Fair value at 31 May 2023 is represented by:
£   
Valuation in 2021 1,188,814
Valuation in 2022 141,000
Valuation in 2023 190,000
1,519,814

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Other debtors 4,032 3,615

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Trade creditors - 1,189
Taxation and social security 7,770 8,091
Other creditors 1,245,604 1,181,099
1,253,374 1,190,379

7. RESERVES
Fair
value
reserve
£   
At 1 June 2022 114,210
Reserve transfer 70,679

At 31 May 2023 184,889