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REGISTERED NUMBER: 10569833 (England and Wales)












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: P L Mills





Registered office: The Gate House
Suite 3, Floor 3, Fretherne Road
Welwyn Garden City
AL8 6NS





Registered number: 10569833 (England and Wales)





Accountants: Outsource-FD Limited t/a eFM
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 1,000 1,000

Current assets
Debtors 5 209,125 204,365

Creditors
Amounts falling due within one year 6 50,837 44,867
Net current assets 158,288 159,498
Total assets less current liabilities 159,288 160,498

Capital and reserves
Called up share capital 7 1,000 1,000
Retained earnings 8 158,288 159,498
Shareholders' funds 159,288 160,498

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

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 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 director and authorised for issue on 26 September 2024 and were signed by:





P L Mills - Director


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 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.

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 1,000
Net book value
At 31 December 2023 1,000
At 31 December 2022 1,000

5. Debtors: amounts falling due within one year
31/12/23 31/12/22
£    £   
Amounts owed by group undertakings 209,125 204,365

6. Creditors: amounts falling due within one year
31/12/23 31/12/22
£    £   
Amounts owed to group undertakings 4,715 -
Directors' current accounts 43,922 43,922
Accrued expenses 2,200 945
50,837 44,867

7. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 31/12/23 31/12/22
value: £    £   
1,000 Ordinary Shares 1 1,000 1,000

8. Reserves
Retained
earnings
£   

At 1 January 2023 159,498
Deficit for the year (1,210 )
At 31 December 2023 158,288

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.