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REGISTERED NUMBER: 12778157 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2023

FOR

PMSR Global Limited

PMSR Global Limited (Registered number: 12778157)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 July 2023




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


PMSR Global Limited

COMPANY INFORMATION
for the year ended 31 July 2023







Director: G L Thompson





Registered office: 2 Bridge Court
Tamar View
Saltash
Cornwall
PL12 6LS





Registered number: 12778157 (England and Wales)





Accountants: Nigel Webster & Co
129 North Hill
Plymouth
Devon
PL4 8JY

PMSR Global Limited (Registered number: 12778157)

BALANCE SHEET
31 July 2023

2023 2022
Notes £    £    £    £   
Fixed assets
Investment property 4 320,452 -

Current assets
Cash at bank and in hand 1,765 200

Creditors
Amounts falling due within one year 5 135,714 -
Net current (liabilities)/assets (133,949 ) 200
Total assets less current liabilities 186,503 200

Creditors
Amounts falling due after more than
one year

6

183,600

-
Net assets 2,903 200

Capital and reserves
Called up share capital 9 200 200
Retained earnings 2,703 -
Shareholders' funds 2,903 200

PMSR Global Limited (Registered number: 12778157)

BALANCE SHEET - continued
31 July 2023


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

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

In accordance with Section 444 of the Companies Act 2006, the Profit & Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 22 April 2024 and were signed by:





G L Thompson - Director


PMSR Global Limited (Registered number: 12778157)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 July 2023

1. STATUTORY INFORMATION

PMSR Global 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.

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 Profit & Loss Account, 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.

Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

PMSR Global Limited (Registered number: 12778157)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 July 2023

2. ACCOUNTING POLICIES - continued

Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

3. EMPLOYEES AND DIRECTORS

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

4. INVESTMENT PROPERTY
Total
£   
Fair value
Additions 320,452
At 31 July 2023 320,452
Net book value
At 31 July 2023 320,452

The director considers that fair value is currently the same as cost.

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Tax 630 -
VAT 1,833 -
Other creditors 700 -
Directors' current accounts 132,551 -
135,714 -

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2023 2022
£    £   
Bank loans (see note 7) 183,600 -

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more than 5 years 183,600 -

PMSR Global Limited (Registered number: 12778157)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 July 2023

7. LOANS

An analysis of the maturity of loans is given below:

2023 2022
£    £   
Amounts falling due in more than five years:
Repayable by instalments
Bank loans more than 5 years 183,600 -

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 183,600 -

The bank loan is secured on the property. There are no capital repayments and the amount falls due for repayment after more than five years from the balance sheet date.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
150 ordinary £1 150 150
25 A shares £1 25 25
25 B shares £1 25 25
200 200

10. RELATED PARTY DISCLOSURES

At the balance sheet date the company owed £132,551 to Mr G Thompson director of the company. There is no fixed date for repayment and the amount is payable on demand. The company also acquired its investment property in the year from Mr G Thompson. The property was acquired at fair market value.

11. ULTIMATE CONTROLLING PARTY

The controlling party is G L Thompson.