2 31/05/2023 2023-05-31 true false false false false false false false false false true false false true false false false false false true false No description of principal activities is disclosed 2022-06-01 Sage Accounts Production 21.0 - FRS102_2021 xbrli:pure xbrli:shares iso4217:GBP 12013845 2022-06-01 2023-05-31 12013845 2023-05-31 12013845 2022-05-31 12013845 2021-06-01 2022-05-31 12013845 2022-05-31 12013845 2021-05-31 12013845 bus:Director1 2022-06-01 2023-05-31 12013845 bus:Director2 2022-06-01 2023-05-31 12013845 core:WithinOneYear 2023-05-31 12013845 core:WithinOneYear 2022-05-31 12013845 core:ShareCapital 2023-05-31 12013845 core:ShareCapital 2022-05-31 12013845 core:RetainedEarningsAccumulatedLosses 2023-05-31 12013845 core:RetainedEarningsAccumulatedLosses 2022-05-31 12013845 bus:Director1 2022-05-31 12013845 bus:Director1 2023-05-31 12013845 bus:Director2 2022-05-31 12013845 bus:Director2 2023-05-31 12013845 bus:Director1 2021-05-31 12013845 bus:Director1 2022-05-31 12013845 bus:Director2 2021-05-31 12013845 bus:Director2 2022-05-31 12013845 bus:Director1 2021-06-01 2022-05-31 12013845 bus:Director2 2021-06-01 2022-05-31 12013845 bus:SmallEntities 2022-06-01 2023-05-31 12013845 bus:AuditExempt-NoAccountantsReport 2022-06-01 2023-05-31 12013845 bus:FullAccounts 2022-06-01 2023-05-31 12013845 bus:SmallCompaniesRegimeForAccounts 2022-06-01 2023-05-31 12013845 bus:PrivateLimitedCompanyLtd 2022-06-01 2023-05-31
PBLC PARTNERS LIMITED
Unaudited filleted financial statements
31 May 2023
Company registration number 12013845
PBLC PARTNERS LIMITED
Contents
Statement of financial position
Notes to the financial statements
PBLC PARTNERS LIMITED
Statement of financial position
31 May 2023
2023 2022
Note £ £ £ £
Current assets
Debtors 5 1,385 1,385
Cash at bank and in hand 30,720 22,331
_______ _______
32,105 23,716
Creditors: amounts falling due
within one year 6 ( 15,864) ( 15,218)
_______ _______
Net current assets 16,241 8,498
_______ _______
Total assets less current liabilities 16,241 8,498
_______ _______
Net assets 16,241 8,498
_______ _______
Capital and reserves
Called up share capital 2 2
Profit and loss account 16,239 8,496
_______ _______
Shareholders funds 16,241 8,498
_______ _______
For the year ending 31 May 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 06 February 2024 , and are signed on behalf of the board by:
Mr Gavin James Braithwaite
Director
Company registration number: 12013845
PBLC PARTNERS LIMITED
Notes to the financial statements
Year ended 31 May 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is High Hope, The Street, Plaxtol, Sevenoaks, Kent, TN15 0QH.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
These accounts have been prepared on the going concern basis.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Financial instruments
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and loans to related parties.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2022: Nil).
5. Debtors
2023 2022
£ £
Other debtors 1,385 1,385
_______ _______
6. Creditors: amounts falling due within one year
2023 2022
£ £
Trade creditors - 10
Corporation tax 2,936 2,244
Other creditors 12,928 12,964
_______ _______
15,864 15,218
_______ _______
7. Directors advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
2023
Balance brought forward Advances /(credits) to the directors Balance o/standing
£ £ £
Mr Gavin James Braithwaite ( 9,792) ( 312) ( 10,104)
Mrs Georgina Natalie Laganaro ( 740) ( 312) ( 1,052)
_______ _______ _______
( 10,532) ( 624) ( 11,156)
_______ _______ _______
2022
Balance brought forward Advances /(credits) to the directors Balance o/standing
£ £ £
Mr Gavin James Braithwaite ( 9,532) ( 260) ( 9,792)
Mrs Georgina Natalie Laganaro ( 480) ( 260) ( 740)
_______ _______ _______
( 10,012) ( 520) ( 10,532)
_______ _______ _______