Caseware UK (AP4) 2023.0.135 2023.0.135 2023-09-302023-09-30false2022-10-01holiday rental00falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 13638191 2022-10-01 2023-09-30 13638191 2021-09-23 2022-09-30 13638191 2023-09-30 13638191 2022-09-30 13638191 c:Director1 2022-10-01 2023-09-30 13638191 d:Buildings 2022-10-01 2023-09-30 13638191 d:Buildings 2023-09-30 13638191 d:Buildings 2022-09-30 13638191 d:Buildings d:OwnedOrFreeholdAssets 2022-10-01 2023-09-30 13638191 d:FurnitureFittings 2022-10-01 2023-09-30 13638191 d:FurnitureFittings 2023-09-30 13638191 d:FurnitureFittings 2022-09-30 13638191 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-10-01 2023-09-30 13638191 d:OwnedOrFreeholdAssets 2022-10-01 2023-09-30 13638191 d:CurrentFinancialInstruments 2023-09-30 13638191 d:CurrentFinancialInstruments 2022-09-30 13638191 d:CurrentFinancialInstruments d:WithinOneYear 2023-09-30 13638191 d:CurrentFinancialInstruments d:WithinOneYear 2022-09-30 13638191 d:ShareCapital 2023-09-30 13638191 d:ShareCapital 2022-09-30 13638191 d:RetainedEarningsAccumulatedLosses 2023-09-30 13638191 d:RetainedEarningsAccumulatedLosses 2022-09-30 13638191 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2023-09-30 13638191 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2022-09-30 13638191 c:FRS102 2022-10-01 2023-09-30 13638191 c:AuditExempt-NoAccountantsReport 2022-10-01 2023-09-30 13638191 c:FullAccounts 2022-10-01 2023-09-30 13638191 c:PrivateLimitedCompanyLtd 2022-10-01 2023-09-30 13638191 e:PoundSterling 2022-10-01 2023-09-30 iso4217:GBP xbrli:pure

Registered number: 13638191









PMC PROPERTY HOLDINGS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2023

 
PMC PROPERTY HOLDINGS LIMITED
REGISTERED NUMBER: 13638191

BALANCE SHEET
AS AT 30 SEPTEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
704,184
708,560

  
704,184
708,560

Current assets
  

Cash at bank and in hand
 5 
17,385
21,807

  
17,385
21,807

Creditors: amounts falling due within one year
 6 
(750,218)
(744,715)

Net current liabilities
  
 
 
(732,833)
 
 
(722,908)

Total assets less current liabilities
  
(28,649)
(14,348)

  

Net liabilities
  
(28,649)
(14,348)


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
(28,749)
(14,448)

  
(28,649)
(14,348)


Page 1

 
PMC PROPERTY HOLDINGS LIMITED
REGISTERED NUMBER: 13638191
    
BALANCE SHEET (CONTINUED)
AS AT 30 SEPTEMBER 2023

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 11 September 2024.




................................................
Philip Cowlishaw
Director

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
PMC PROPERTY HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

1.


General information

PMC Property Holdings Limited is a private company, incorporated in England and Wales, limited by its share capital. The principal activity of the Company was the rental of property.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

The accounts have been prepared on a going concern basis with the support of the director pledged for the foreseeable future.

 
2.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Freehold property
-
not depreciated
Fixtures and fittings
-
25%
reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.4

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.5

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.

Page 3

 
PMC PROPERTY HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

2.Accounting policies (continued)

 
2.6

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.


3.


Employees

The Company has no employees other than the directors, who did not receive any remuneration (2022 - £NIL).

Page 4

 
PMC PROPERTY HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

4.


Tangible fixed assets





Freehold property
Fixtures and fittings
Total

£
£
£



Cost or valuation


At 1 October 2022
691,055
23,340
714,395



At 30 September 2023

691,055
23,340
714,395



Depreciation


At 1 October 2022
-
5,835
5,835


Charge for the year on owned assets
-
4,376
4,376



At 30 September 2023

-
10,211
10,211



Net book value



At 30 September 2023
691,055
13,129
704,184


5.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
17,385
21,807

17,385
21,807


Page 5

 
PMC PROPERTY HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Amounts owed to related parties
745,202
739,650

Other creditors
2,400
3,757

Accruals and deferred income
2,616
1,308

750,218
744,715



7.


Financial instruments

2023
2022
£
£

Financial assets


Financial assets measured at fair value through profit or loss
17,385
21,807




Financial assets measured at fair value through profit or loss comprise cash at bank and in hand.


8.


Controlling party

The Company is controlled by the director, Phil Cowlishaw, by virtue of his shareholding, as described in the Director's report.

 
Page 6