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Company Registration No. 11351952 (England and Wales)
PM Capital Ltd Unaudited accounts for the year ended 31 May 2024
PM Capital Ltd Unaudited accounts Contents
Page
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PM Capital Ltd Company Information for the year ended 31 May 2024
Director
Philip McDiarmid
Company Number
11351952 (England and Wales)
Registered Office
16 Teversham Road Fulbourn Cambridge CB21 5EB
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PM Capital Ltd Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
570,888 
575,898 
Current assets
Debtors
24,219 
20,774 
Cash at bank and in hand
11,712 
5,588 
35,931 
26,362 
Creditors: amounts falling due within one year
(120,141)
(66,371)
Net current liabilities
(84,210)
(40,009)
Total assets less current liabilities
486,678 
535,889 
Creditors: amounts falling due after more than one year
(417,484)
(433,822)
Net assets
69,194 
102,067 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
69,193 
102,066 
Shareholders' funds
69,194 
102,067 
For the year ending 31 May 2024 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 27 January 2025 and were signed on its behalf by
Philip McDiarmid Director Company Registration No. 11351952
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PM Capital Ltd Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
PM Capital Ltd is a private company, limited by shares, registered in England and Wales, registration number 11351952. The registered office is 16 Teversham Road, Fulbourn, Cambridge, CB21 5EB.
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.
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 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
over the lease term
Plant & machinery
over 5 years
Fixtures & fittings
over 5 years
4
Tangible fixed assets
Land & buildings 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 June 2023
591,572 
5,330 
596,902 
At 31 May 2024
591,572 
5,330 
596,902 
Depreciation
At 1 June 2023
17,748 
3,256 
21,004 
Charge for the year
3,944 
1,066 
5,010 
At 31 May 2024
21,692 
4,322 
26,014 
Net book value
At 31 May 2024
569,880 
1,008 
570,888 
At 31 May 2023
573,824 
2,074 
575,898 
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PM Capital Ltd Notes to the Accounts for the year ended 31 May 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
12,430 
8,798 
Accrued income and prepayments
1,511 
1,698 
Other debtors
10,278 
10,278 
24,219 
20,774 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
3,276 
3,726 
VAT
4,864 
4,638 
Trade creditors
1,739 
1,515 
Taxes and social security
9,175 
18,155 
Other creditors
53,825 
28,182 
Loans from directors
43,843 
7,021 
Accruals
335 
330 
Deferred income
3,084 
2,804 
120,141 
66,371 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
16,380 
19,206 
Other creditors
401,104 
414,616 
417,484 
433,822 
Aggregate of amounts that fall due for payment after five years
3,276 
6,552 
8
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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