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Company Registration No. 09427951 (England and Wales)
PMGP LTD Unaudited accounts for the year ended 31 May 2023
PMGP LTD Unaudited accounts Contents
Page
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PMGP LTD Company Information for the year ended 31 May 2023
Director
P M Grayson
Company Number
09427951 (England and Wales)
Registered Office
7 High Street Chapel-en-le-Frith, High Peak, SK23 0HD
Accountants
Stoney Philbin & Company Limited 7 High Street Chapel-en-le-Frith High Peak SK23 0HD
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PMGP LTD Statement of financial position as at 31 May 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,337,111 
1,337,111 
Investments
300 
300 
1,337,411 
1,337,411 
Current assets
Debtors
2,627,154 
2,058,682 
Cash at bank and in hand
3,740 
223,949 
2,630,894 
2,282,631 
Creditors: amounts falling due within one year
(3,030,726)
(2,102,945)
Net current (liabilities)/assets
(399,832)
179,686 
Total assets less current liabilities
937,579 
1,517,097 
Creditors: amounts falling due after more than one year
(1,924,224)
(2,200,001)
Net liabilities
(986,645)
(682,904)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(986,745)
(683,004)
Shareholders' funds
(986,645)
(682,904)
For the year ending 31 May 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 8 January 2025 and were signed on its behalf by
P M Grayson Director Company Registration No. 09427951
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PMGP LTD Notes to the Accounts for the year ended 31 May 2023
1
Statutory information
PMGP LTD is a private company, limited by shares, registered in England and Wales, registration number 09427951. The registered office is 7 High Street, Chapel-en-le-Frith,, High Peak,, SK23 0HD.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
0% on cost
Going concern
There was a net deficiency of assets at the balance sheet date, however the director has confirmed continued support from other group undertakings and considers the company retains sufficient working capital to continue trading for the foreseeable future.
4
Tangible fixed assets
Land & buildings 
£ 
Cost or valuation
At cost 
At 1 June 2022
1,337,111 
At 31 May 2023
1,337,111 
Depreciation
At 31 May 2023
- 
Net book value
At 31 May 2023
1,337,111 
At 31 May 2022
1,337,111 
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PMGP LTD Notes to the Accounts for the year ended 31 May 2023
5
Investments
Subsidiary undertakings 
£ 
Valuation at 1 June 2022
300 
Valuation at 31 May 2023
300 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
7,852 
- 
Amounts due from group undertakings etc.
1,519,551 
958,931 
Other debtors
1,099,751 
1,099,751 
2,627,154 
2,058,682 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Amounts owed to group undertakings and other participating interests
3,030,726 
2,936,225 
Taxes and social security
- 
114 
Loans from directors
- 
(833,394)
3,030,726 
2,102,945 
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
1,924,224 
2,200,001 
9
Transactions with related parties
During the year the company loaned capital from Graysons H & E Services Ltd, a 100% subsidiary group company. The balance outstanding at the year end was £3,030,726 (2022 - £2,936,225). During the year the company loaned capital to PGRL Ltd, a 100% subsidiary group company. The balance outstanding at the year end was £427,055 (2022 - £304,314). During the year the company loaned capital to PMGPD Ltd, a company with common directors and shareholders. The balance outstanding at the year end was £1,092,496 (2022 - £654,617). The interest receivable figure arose from charging a market rate to the director on an outstanding loan balance. The balance outstanding at the year end was £nil (2022 - £833,394).
10
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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