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REGISTERED NUMBER: SC597606 (Scotland)





















Unaudited Financial Statements

For The Year Ended 31 March 2024

for

PMW Capital Invest Limited

PMW Capital Invest Limited (Registered number: SC597606)






Contents of the Financial Statements
For The Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

PMW Capital Invest Limited

Company Information
For The Year Ended 31 March 2024







DIRECTORS: P McFadden
R Swan





REGISTERED OFFICE: Ground Floor, 7 Cambuslang Way
Cambuslang Business Park
Cambuslang
G32 8ND





REGISTERED NUMBER: SC597606 (Scotland)





ACCOUNTANTS: Atkinson Donnelly LLP
1 Cambuslang Court
Cambuslang
Glasgow
Strathclyde
G32 8FH

PMW Capital Invest Limited (Registered number: SC597606)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Investments 4 80 -

CURRENT ASSETS
Stocks 1,671,951 1,518,382
Debtors 5 571,620 220,000
Cash at bank 731 4,855
2,244,302 1,743,237
CREDITORS
Amounts falling due within one year 6 1,512,820 2,163,532
NET CURRENT ASSETS/(LIABILITIES) 731,482 (420,295 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

731,562

(420,295

)

CREDITORS
Amounts falling due after more than one
year

7

1,363,106

22,435
NET LIABILITIES (631,544 ) (442,730 )

CAPITAL AND RESERVES
Called up share capital 90 90
Retained earnings (631,634 ) (442,820 )
SHAREHOLDERS' FUNDS (631,544 ) (442,730 )

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 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.

PMW Capital Invest Limited (Registered number: SC597606)

Balance Sheet - continued
31 March 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 27 November 2024 and were signed on its behalf by:





P McFadden - Director


PMW Capital Invest Limited (Registered number: SC597606)

Notes to the Financial Statements
For The Year Ended 31 March 2024

1. STATUTORY INFORMATION

PMW Capital Invest Limited 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.

The accounts have been prepared on a going concern basis as the creditors have undertaken to continue supporting the company.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Financial instruments
Debtors
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Creditors
Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Cash and Bank Balances
Cash and bank balances are measured at the transaction price.

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.

PMW Capital Invest Limited (Registered number: SC597606)

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

3. EMPLOYEES AND DIRECTORS

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

4. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
Additions 80
At 31 March 2024 80
NET BOOK VALUE
At 31 March 2024 80

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Other debtors 571,620 220,000

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 1,510,204 1,410,202
Other creditors 2,616 753,330
1,512,820 2,163,532

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans 13,120 22,435
Other creditors 1,349,986 -
1,363,106 22,435

8. SECURED DEBTS

The following secured debts are included within creditors:

31.3.24 31.3.23
£    £   
Bank loan 1,500,000 -
Other creditor 521,875 -
2,021,875 -

Galmal SSAS Pension Trust hold charge over Acre House, 100 Acre Road..
Lendinvest Security Trustees Ltd hold charge over all property or undertaking of the company.

PMW Capital Invest Limited (Registered number: SC597606)

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

9. RELATED PARTY DISCLOSURES

In other creditors there is an amount of £326,549 owed to Paul McFadden Wealth Limited. The companies have a common director.
In other debtors there is an amount of £350,000 owed by Acre Road (Glasgow) Developments Ltd to PMW Capital Invest Ltd. This company is a subsidiary of PMW Capital Invest Ltd.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
PMW Capital Invest Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of PMW Capital Invest Limited for the year ended 31 March 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of ICAS, we are subject to its ethical and other professional requirements which are detailed at http://www.icas.com/accountspreparationguidance.

This report is made solely to the Board of Directors of PMW Capital Invest Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of PMW Capital Invest Limited and state those matters that we have agreed to state to the Board of Directors of PMW Capital Invest Limited, as a body, in this report in accordance with the requirements of ICAS as detailed at http://www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that PMW Capital Invest Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of PMW Capital Invest Limited. You consider that PMW Capital Invest Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of PMW Capital Invest Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Atkinson Donnelly LLP
1 Cambuslang Court
Cambuslang
Glasgow
Strathclyde
G32 8FH


27 November 2024