REGISTERED NUMBER: |
PLM HOLDINGS LIMITED |
Unaudited Financial Statements |
for the Year Ended 31 December 2023 |
REGISTERED NUMBER: |
PLM HOLDINGS LIMITED |
Unaudited Financial Statements |
for the Year Ended 31 December 2023 |
PLM HOLDINGS LIMITED (REGISTERED NUMBER: 10569833) |
Contents of the Financial Statements |
for the Year Ended 31 December 2023 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
PLM HOLDINGS LIMITED |
Company Information |
for the Year Ended 31 December 2023 |
Director: |
Registered office: |
Registered number: |
Accountants: |
NP-105, iCentre |
Howard Way |
Newport Pagnell |
Milton Keynes |
Buckinghamshire |
MK16 9PY |
PLM HOLDINGS LIMITED (REGISTERED NUMBER: 10569833) |
Balance Sheet |
31 December 2023 |
31/12/23 | 31/12/22 |
Notes | £ | £ | £ | £ |
Fixed assets |
Investments | 4 |
Current assets |
Debtors | 5 |
Creditors |
Amounts falling due within one year | 6 |
Net current assets |
Total assets less current liabilities |
Capital and reserves |
Called up share capital | 7 |
Retained earnings | 8 |
Shareholders' funds |
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 were approved by the director and authorised for issue on |
PLM HOLDINGS LIMITED (REGISTERED NUMBER: 10569833) |
Notes to the Financial Statements |
for the Year Ended 31 December 2023 |
1. | Statutory information |
Plm Holdings Limited is a |
2. | Accounting policies |
Basis of preparing the financial statements |
Investments in subsidiaries |
Investments in subsidiary undertakings are recognised at cost. |
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. |
Details of undertakings |
Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows: |
Subsidiary undertakings |
Absolute Accountancy Recruitment Limited - Ordinary holding - 100% |
144-146 King's Cross Road, London WC1X 9DU |
The principal activity is recruitment consultancy |
Absolute IT Recruitment Limited - Ordinary holding - 100% |
144-146 King's Cross Road, London WC1X 9DU |
The principal activity is recruitment consultancy |
Absolute HR Recruitment Limited - Ordinary holding - 100% |
144-146 King's Cross Road, London WC1X 9DU |
The principal activity is recruitment consultancy |
Absolute Consultancy Group Limited - Ordinary holding - 100% |
18-20 High Street, England and Wales |
The principal activity is recruitment consultancy |
PLM HOLDINGS LIMITED (REGISTERED NUMBER: 10569833) |
Notes to the Financial Statements - continued |
for the Year Ended 31 December 2023 |
3. | Employees and directors |
The average number of employees during the year was NIL (2022 - NIL). |
4. | Investments in subsidiaries |
Shares in |
group |
undertakings |
£ |
Cost |
At 1 January 2023 |
and 31 December 2023 |
Net book value |
At 31 December 2023 |
At 31 December 2022 |
5. | Debtors: amounts falling due within one year |
31/12/23 | 31/12/22 |
£ | £ |
Amounts owed by group undertakings |
6. | Creditors: amounts falling due within one year |
31/12/23 | 31/12/22 |
£ | £ |
Amounts owed to group undertakings |
Directors' current accounts | 43,922 | 43,922 |
Accrued expenses |
7. | Called up share capital |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31/12/23 | 31/12/22 |
value: | £ | £ |
Ordinary Shares | 1 | 1,000 | 1,000 |
8. | Reserves |
Retained |
earnings |
£ |
At 1 January 2023 |
Deficit for the year | ( |
) |
At 31 December 2023 |
PLM HOLDINGS LIMITED (REGISTERED NUMBER: 10569833) |
Notes to the Financial Statements - continued |
for the Year Ended 31 December 2023 |
9. | Related party disclosures |
Summary of transactions with subsidiaries. |
At the balance sheet date the company was owed £117,726 (2022: £18,180) from Absolute Accountancy Recruitment Limited, subsidiary company. This amount is interest free and repayable on demand. |
At the balance sheet date the company was owed £91,399 (2022: £91,399) from Absolute IT Recruitment Limited, subsidiary company. This amount is interest free and repayable on demand. |
Summary of transactions with other related parties |
At the balance sheet date the company was owed £(4,715) (2022: £94,785) from 49 Leicester Road Limited. This loan is interest free and repayable on demand. 49 Leicester Road is related due to their common ownership. |
10. | Ultimate controlling party |
The controlling party is P L Mills. |