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REGISTERED NUMBER: 09047456 (England and Wales)















PCML Investments Limited

Abridged Financial Statements for the Period 1st June 2022 to 31st March 2023






PCML Investments Limited (Registered number: 09047456)






Contents of the Financial Statements
for the period 1st June 2022 to 31st March 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


PCML Investments Limited

Company Information
for the period 1st June 2022 to 31st March 2023







Directors: M L Atkins
N Ioannou
B Compton
B McGuiness
M Shields





Registered office: 1-3 High Street
Great Dunmow
Essex
CM6 1UU





Registered number: 09047456 (England and Wales)





Accountants: Walters & Company
Certified Practising Accountants
1-3 High Street
Great Dunmow
Essex
CM6 1UU

PCML Investments Limited (Registered number: 09047456)

Abridged Balance Sheet
31st March 2023

31/3/23 31/5/22
Notes £    £    £    £   
Fixed assets
Tangible assets 4 9,247 13,544
Investments 5 17,117 17,117
26,364 30,661

Current assets
Debtors 234,948 84,097
Investments 4,048,885 5,902,932
Cash at bank 787,789 4,220
5,071,622 5,991,249
Creditors
Amounts falling due within one year 981,787 50,660
Net current assets 4,089,835 5,940,589
Total assets less current liabilities 4,116,199 5,971,250

Provisions for liabilities 1,006,149 1,106,652
Net assets 3,110,050 4,864,598

Capital and reserves
Called up share capital 6 650,000 650,000
Retained earnings 2,460,050 4,214,598
Shareholders' funds 3,110,050 4,864,598

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

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

PCML Investments Limited (Registered number: 09047456)

Abridged Balance Sheet - continued
31st March 2023


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 Statement of Income and Retained Earnings and an abridged Balance Sheet for the period 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27th February 2024 and were signed on its behalf by:





M L Atkins - Director


PCML Investments Limited (Registered number: 09047456)

Notes to the Financial Statements
for the period 1st June 2022 to 31st March 2023

1. Statutory information

PCML Investments 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.

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.
Short leasehold - straight line over the term of the lease
Computer equipment - 25% on cost

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 period 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.

PCML Investments Limited (Registered number: 09047456)

Notes to the Financial Statements - continued
for the period 1st June 2022 to 31st March 2023

3. Employees and directors

The average number of employees during the period was 5 (2022 - 5 ) .

4. Tangible fixed assets
Totals
£   
Cost
At 1st June 2022 56,639
Additions 3,027
At 31st March 2023 59,666
Depreciation
At 1st June 2022 43,095
Charge for period 7,324
At 31st March 2023 50,419
Net book value
At 31st March 2023 9,247
At 31st May 2022 13,544

5. Fixed asset investments

Investments (neither listed nor unlisted) were as follows:
31/3/23 31/5/22
£    £   
Artwork 17,117 17,117

6. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 31/3/23 31/5/22
value: £    £   
130,000 Ordinary A £1 130,000 130,000
130,000 Ordinary B £1 130,000 130,000
130,000 Ordinary C £1 130,000 130,000
130,000 Ordinary D £1 130,000 130,000
130,000 Ordinary E £1 130,000 130,000
650,000 650,000

7. Related party disclosures

During the year, there were management fees of £465,000 (2022: £52,650) paid to related
parties.

PCML Investments Limited (Registered number: 09047456)

Notes to the Financial Statements - continued
for the period 1st June 2022 to 31st March 2023

8. Ultimate controlling party

There is no overall controlling party