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REGISTERED NUMBER: SC740227 (Scotland)






























Financial Statements for the Year Ended 31 August 2024

for

PM Governance To Succeed Ltd

PM Governance To Succeed Ltd (Registered number: SC740227)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PM Governance To Succeed Ltd

Company Information
for the Year Ended 31 August 2024







DIRECTORS: D G Grimmer
R E Grimmer
Miss C C Grimmer





SECRETARY:





REGISTERED OFFICE: Bonnyview
Parkhead Steading
Maryculter
Aberdeen
AB12 5GL





REGISTERED NUMBER: SC740227 (Scotland)





ACCOUNTANTS: A J Croll & Company
19 Bon Accord Crescent
Aberdeen
Aberdeenshire
AB11 6DE

PM Governance To Succeed Ltd (Registered number: SC740227)

Balance Sheet
31 August 2024

31.8.24 31.8.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 49,597 65,770
Investments 5 33,000 -
82,597 65,770

CURRENT ASSETS
Debtors 6 37,236 21,331
Cash at bank 130,178 101,643
167,414 122,974
CREDITORS
Amounts falling due within one year 7 87,743 43,788
NET CURRENT ASSETS 79,671 79,186
TOTAL ASSETS LESS CURRENT
LIABILITIES

162,268

144,956

CREDITORS
Amounts falling due after more than one
year

8

(42,344

)

(49,242

)

PROVISIONS FOR LIABILITIES (8,333 ) (7,769 )
NET ASSETS 111,591 87,945

CAPITAL AND RESERVES
Called up share capital 3 2
Retained earnings 111,588 87,943
111,591 87,945

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

PM Governance To Succeed Ltd (Registered number: SC740227)

Balance Sheet - continued
31 August 2024


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 Board of Directors and authorised for issue on 30 September 2024 and were signed on its behalf by:





D G Grimmer - Director


PM Governance To Succeed Ltd (Registered number: SC740227)

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

1. STATUTORY INFORMATION

PM Governance To Succeed Ltd is a private company, limited by shares , registered in Scotland. 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on cost
Motor vehicles - 25% on cost
Computer equipment - 25% on 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 2 ) .

PM Governance To Succeed Ltd (Registered number: SC740227)

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

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 September 2023 160 70,369 1,341 71,870
Additions 593 - 1,749 2,342
At 31 August 2024 753 70,369 3,090 74,212
DEPRECIATION
At 1 September 2023 40 5,864 196 6,100
Charge for year 151 17,592 772 18,515
At 31 August 2024 191 23,456 968 24,615
NET BOOK VALUE
At 31 August 2024 562 46,913 2,122 49,597
At 31 August 2023 120 64,505 1,145 65,770

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
Additions 33,000
At 31 August 2024 33,000
NET BOOK VALUE
At 31 August 2024 33,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade debtors 33,036 21,331
Other debtors 4,200 -
37,236 21,331

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Hire purchase contracts 6,828 6,828
Taxation and social security 77,703 35,106
Other creditors 3,212 1,854
87,743 43,788

PM Governance To Succeed Ltd (Registered number: SC740227)

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

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.8.24 31.8.23
£    £   
Hire purchase contracts 42,344 49,242

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the year ended 31 August 2024 and the period ended 31 August 2023:

31.8.24 31.8.23
£    £   
D G Grimmer
Balance outstanding at start of year (854 ) -
Amounts advanced 27,676 -
Amounts repaid (25,000 ) (854 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 1,822 (854 )

R E Grimmer
Balance outstanding at start of year - -
Amounts advanced 10,200 -
Amounts repaid (6,000 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 4,200 -