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
PM Capital Ltd
Company Information
for the year ended 31 May 2024
Company Number
11351952 (England and Wales)
Registered Office
16 Teversham Road
Fulbourn
Cambridge
CB21 5EB
PM Capital Ltd
Statement of financial position
as at 31 May 2024
Tangible assets
570,888
575,898
Cash at bank and in hand
11,712
5,588
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)
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
PM Capital Ltd
Notes to the Accounts
for the year ended 31 May 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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
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
At 31 May 2024
569,880
1,008
570,888
At 31 May 2023
573,824
2,074
575,898
PM Capital Ltd
Notes to the Accounts
for the year ended 31 May 2024
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
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
3,276
3,726
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
Deferred income
3,084
2,804
7
Creditors: amounts falling due after more than one year
2024
2023
Other creditors
401,104
414,616
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).