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REGISTERED NUMBER: 09331882 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 November 2023

for

Palmer & Palmer (Management) Ltd

Palmer & Palmer (Management) Ltd (Registered number: 09331882)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Palmer & Palmer (Management) Ltd

Company Information
for the Year Ended 30 November 2023







DIRECTORS: Mrs R K Palmer
K R Palmer





SECRETARY:





REGISTERED OFFICE: 10 Graizelound Fields Road
Haxey
Doncaster
DN9 2LN





REGISTERED NUMBER: 09331882 (England and Wales)





ACCOUNTANTS: ASAP Accountants & Business Advisors Ltd
Room 206, Mercury House
Willoughton Drive
Foxby Lane Business Park
Gainsborough
Lincolnshire
DN21 1DY

Palmer & Palmer (Management) Ltd (Registered number: 09331882)

Balance Sheet
30 November 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 13,699 3,138

CURRENT ASSETS
Debtors 5 29,600 18,506
Cash at bank 106,377 113,525
135,977 132,031
CREDITORS
Amounts falling due within one year 6 98,848 78,252
NET CURRENT ASSETS 37,129 53,779
TOTAL ASSETS LESS CURRENT
LIABILITIES

50,828

56,917

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 50,728 56,817
SHAREHOLDERS' FUNDS 50,828 56,917

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

Palmer & Palmer (Management) Ltd (Registered number: 09331882)

Balance Sheet - continued
30 November 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 Board of Directors and authorised for issue on 27 July 2024 and were signed on its behalf by:





K R Palmer - Director


Palmer & Palmer (Management) Ltd (Registered number: 09331882)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

Palmer & Palmer (Management) 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.

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.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Equipment - 25% on reducing balance

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.

Palmer & Palmer (Management) Ltd (Registered number: 09331882)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Equipment Totals
£    £    £    £   
COST
At 1 December 2022 3,995 11,122 530 15,647
Additions - 17,994 - 17,994
Disposals - (11,122 ) - (11,122 )
At 30 November 2023 3,995 17,994 530 22,519
DEPRECIATION
At 1 December 2022 2,914 9,143 452 12,509
Charge for year 275 4,499 20 4,794
Eliminated on disposal - (8,483 ) - (8,483 )
At 30 November 2023 3,189 5,159 472 8,820
NET BOOK VALUE
At 30 November 2023 806 12,835 58 13,699
At 30 November 2022 1,081 1,979 78 3,138

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
30.11.23 30.11.22
£    £   
Other debtors 29,600 18,506

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
30.11.23 30.11.22
£    £   
Tax 5,477 8,399
Directors' current accounts 92,291 68,629
Accruals and deferred income 1,080 1,224
98,848 78,252