1 January 2023 v2024.43.2 limited_company_frs_102_section_1a_v1_1_1 companies_houseSoftwarefalsetruetruetrueNo description of principal activityfalsetruexbrli:purexbrli:sharesiso4217:GBPNI6564292023-01-012023-12-31NI6564292023-12-31NI6564292022-12-31NI656429core:WithinOneYear2023-12-31NI656429core:WithinOneYear2022-12-31NI656429core:AfterOneYear2023-12-31NI656429core:AfterOneYear2022-12-31NI656429core:ShareCapital2023-12-31NI656429core:ShareCapital2022-12-31NI656429core:RevaluationReserve2023-12-31NI656429core:RevaluationReserve2022-12-31NI656429core:RetainedEarningsAccumulatedLosses2023-12-31NI656429core:RetainedEarningsAccumulatedLosses2022-12-31NI656429bus:Director12023-01-012023-12-31NI656429bus:Director22023-01-012023-12-31NI656429bus:RegisteredOffice2023-01-012023-12-31NI6564292022-01-012022-12-31NI656429core:CostValuation2023-01-01NI656429core:AdditionsToInvestments2023-12-31NI656429core:RevaluationsIncreaseDecreaseInInvestments2023-12-31NI656429core:CostValuation2023-12-31NI65642912023-01-012023-12-31NI656429countries:NorthernIreland2023-01-012023-12-31NI656429bus:AuditExempt-NoAccountantsReport2023-01-012023-12-31NI656429bus:PrivateLimitedCompanyLtd2023-01-012023-12-31NI656429bus:SmallEntities2023-01-012023-12-31NI656429bus:FullAccounts2023-01-012023-12-31
Company registration number:
NI656429
Pomajo Ltd
Unaudited Filleted Financial Statements for the year ended
31 December 2023
Pomajo Ltd
Statement of Financial Position
31 December 2023
20232022
Note££
Fixed assets    
Investments 5
2,995,476
 
2,654,772
 
Current assets    
Debtors 6
100
 
5,660
 
Cash at bank and in hand
63,645
 
84,982
 
63,745
 
90,642
 
Creditors: amounts falling due within one year 7
(4,518
)
(7,651
)
Net current assets
59,227
 
82,991
 
Total assets less current liabilities 3,054,703   2,737,763  
Creditors: amounts falling due after more than one year 8
(2,817,500
)
(2,657,500
)
Provisions for liabilities
(32,632
)
(1,419
)
Net assets
204,571
 
78,844
 
Capital and reserves    
Called up share capital
100
 
100
 
Revaluation reserve
106,228
 
6,048
 
Profit and loss account
98,243
 
72,696
 
Shareholders funds
204,571
 
78,844
 
For the year ending
31 December 2023
, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
  • The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These
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.
These
financial statements
were approved by the board of directors and authorised for issue on
30 June 2024
, and are signed on behalf of the board by:
Philip Agnew
Mark Pollock
DirectorDirector
Company registration number:
NI656429
Pomajo Ltd
Notes to the Financial Statements
Year ended
31 December 2023

1 General information

The company is a private company limited by shares and is registered in Northern Ireland. The address of the registered office is
Marlborough House
,
30 Victoria Street
,
Belfast
,
BT1 3GG
, United Kingdom.

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The
financial statements
have been prepared on the historical cost basis, as modified by the revaluation of certain assets.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Current tax

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Investment properties

Investment property is measured initially at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is more likely than not that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured on an undiscounted basis at the tax rates that would apply in the periods in which timing differences are expected to reverse, based on tax rates and laws enacted at the statement of financial position date.

Provisions for liabilities

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.
Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.

4 Average number of employees

The average number of persons employed by the company during the year was
2
(2022:
2.00
).

5 Investments

Other investments other than loans
£
Cost or valuation  
At
1 January 2023
2,654,772
 
Additions
209,310
 
Revaluations
131,394
 
At
31 December 2023
2,995,476
 
Impairment  
At
1 January 2023
and
31 December 2023
-  
Carrying amount  
At
31 December 2023
2,995,476
 
At 31 December 2022
2,654,772
 

6 Debtors

20232022
££
Other debtors
100
 
5,660
 

7 Creditors: amounts falling due within one year

20232022
££
Taxation and social security
4,518
 
7,651
 

8 Creditors: amounts falling due after more than one year

20232022
££
Other creditors
2,817,500
 
2,657,500
 

10 Controlling party

Mark Pollock is the controlling party