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REGISTERED NUMBER: 11666370 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Peter W Martin Limited

Peter W Martin Limited (Registered number: 11666370)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Peter W Martin Limited

Company Information
for the Year Ended 31 March 2024







DIRECTOR: Mr P W Martin





SECRETARY: Mrs J Martin





REGISTERED OFFICE: 3.08 The Frames
1 Phipp Street
London
United Kingdom
EC2A4PS





REGISTERED NUMBER: 11666370 (England and Wales)





ACCOUNTANTS: Underwood Green
Pinnacle House
1 Pinnacle Way
Derby
Derbyshire
DE24 8ZS

Peter W Martin Limited (Registered number: 11666370)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 833 1,111

CURRENT ASSETS
Debtors 5 146,266 207,449
Cash at bank 4,008 43,948
150,274 251,397
CREDITORS
Amounts falling due within one year 6 18,476 54,684
NET CURRENT ASSETS 131,798 196,713
TOTAL ASSETS LESS CURRENT
LIABILITIES

132,631

197,824

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 132,531 197,724
SHAREHOLDERS' FUNDS 132,631 197,824

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 25 September 2024 and were signed by:





Mr P W Martin - Director


Peter W Martin Limited (Registered number: 11666370)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Peter W Martin 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.

Turnover
Turnover represents the company's share of the profits of the partnership Wordsmith Law LLP.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 25% on reducing balance

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 April 2023
and 31 March 2024 1,748
DEPRECIATION
At 1 April 2023 637
Charge for year 278
At 31 March 2024 915
NET BOOK VALUE
At 31 March 2024 833
At 31 March 2023 1,111

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Due from Wordsmith Law LLP 64,197 154,821
Director's current account 82,069 52,628
146,266 207,449

Other than as stated under directors loan account above, none of the above amounts related to amounts due from the director or shareholder of the company either directly or indirectly.

Peter W Martin Limited (Registered number: 11666370)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Tax 17,588 53,826
Accruals and deferred income 888 858
18,476 54,684

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary 1 100 100

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

2024 2023
£    £   
Mr P W Martin
Balance outstanding at start of year 52,628 119,502
Amounts advanced 157,753 133,257
Amounts repaid (128,312 ) (200,131 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 82,069 52,628

During the year interest was charged on the overdrawn loan balance at the HMRC official rate of 2.5% per annum.

The overdrawn balance was cleared within nine months of the year end.