PMLL Asset Management Limited Filleted Accounts Cover
PMLL Asset Management Limited
Company No. 09103167
Information for Filing with The Registrar
For the year ended
31 March 2024
PMLL Asset Management Limited Balance Sheet Registrar
at
31 March 2024
Company No.
09103167
Notes
2024
2023
£
£
Fixed assets
Investments
4
243,966200,419
243,966200,419
Current assets
Debtors
5
18,82520,226
Cash at bank and in hand
142,656117,248
161,481137,474
Creditors: Amount falling due within one year
6
(1,888)
(2,238)
Net current assets
159,593135,236
Total assets less current liabilities
403,559335,655
Net assets
403,559335,655
Capital and reserves
Called up share capital
7
18,74218,742
Profit and loss account
8
384,817316,913
Total equity
403,559335,655
These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.
For the year ended 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.
Approved by the board on 17 July 2024 and signed on its behalf by:
P.J. Baker
Director
17 July 2024
PMLL Asset Management Limited Notes to the Accounts Registrar
for the year ended 31 March 2024
1
General information
PMLL Asset Management Limited is a private company limited by shares and incorporated in England and Wales.
Its registered number is: 09103167
Its registered office is:
1 Bernard Avenue
Four Marks
Hampshire
GU34 5DQ
The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
The functional and presentational currency of the company is Sterling. The accounts are rounded to the nearest pound.
2
Accounting policies
Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Current tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current tax is also recognised in other comprehensive income or directly in equity respectively.
Investment in subsidiary
Investment in subsidiaries are measured at cost less accumulated impairment.
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.
Trade and other creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
Dividend
Equity dividends are recognised when they become legally payable. Interim equity dividends are
recognised when paid. Final equity dividends are recognised when approved by the shareholders at
an Annual General Meeting.
Dividend Income
Dividend income is recognised when the right to receive the payment is established.
3
Employees
2024
2023
Number
Number
The average monthly number of employees (including directors) during the year was:
11
4
Investments
Investment in Subsidiaries
Total
£
£
Cost or valuation
At 1 April 2023
258,386
258,386
At 31 March 2024
258,386
258,386
Provisions/Impairment
At 1 April 2023
57,967
57,967
Impairment loss
(43,547)
(43,547)
At 31 March 2024
14,420
14,420
Net book values
At 31 March 2024
243,966
243,966
At 31 March 2023
200,419
200,419
5
Debtors
2024
2023
£
£
Amounts owed by group undertakings
18,82518,825
Loans to directors
-1,401
18,82520,226
6
Creditors:
amounts falling due within one year
2024
2023
£
£
Loans from directors
388-
Other creditors
-738
Accruals and deferred income
1,5001,500
1,8882,238
7
Share Capital
Share capital includes following:
2024
2023
£
£
18,742 ordinary shares of £1 each
18,742
18,742
18,742
18,742
8
Reserves
Profit and loss account - includes all current and prior period retained profits and losses.
9
Related party disclosures
At the balance sheet date the company owed £388 to the directors (2023 - the company owed £1,401 from the directors).
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