Company registration number 12276846 (England and Wales)
PMG GWERN Y DOMEN LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
PAGES FOR FILING WITH REGISTRAR
PMG GWERN Y DOMEN LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
PMG GWERN Y DOMEN LIMITED
BALANCE SHEET
AS AT
31 DECEMBER 2024
31 December 2024
- 1 -
2024
2023
Notes
£
£
£
£
Current assets
Stocks
835,028
835,028
Debtors
3
167,004
167,004
1,002,032
1,002,032
Creditors: amounts falling due within one year
4
(1,003,132)
(1,003,132)
Net current liabilities
(1,100)
(1,100)
Capital and reserves
Called up share capital
5
100
100
Profit and loss reserves
(1,200)
(1,200)
Total equity
(1,100)
(1,100)

For the financial year ended 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved and signed by the director and authorised for issue on 7 March 2025
Mr D S Lewis
Director
Company registration number 12276846 (England and Wales)
PMG GWERN Y DOMEN LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
- 2 -
1
Accounting policies
Company information

PMG Gwern Y Domen Limited is a private company limited by shares incorporated in England and Wales. The registered office is Bradbury House, Mission Court, Newport, Gwent, United Kingdom, NP20 2DW.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

1.2
Going concern

At the time of approving the financial statements, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the director continues to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Profit and loss account

The company has not traded during the year or the preceding financial period. During this time, the company received no income and incurred no expenditure and therefore no Profit and loss account is presented in these financial statements.

1.4
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

 

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

1.5
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

 

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

 

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

PMG GWERN Y DOMEN LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 3 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
-
0
-
0
3
Debtors
2024
2023
Amounts falling due within one year:
£
£
Other debtors
167,004
167,004
4
Creditors: amounts falling due within one year
2024
2023
£
£
Amounts owed to group undertakings
887,470
887,470
Other creditors
115,662
115,662
1,003,132
1,003,132
5
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary of £1 each
100
100
100
100
6
Related party transactions

During the period the company received a loan from Gwent Holdings Limited, the parent company. The amount outstanding at the year end was £887,470 (2023 - £887,470), being included in creditors: amounts due within one year.

7
Directors' transactions

The director operates a current loan account which is credited with payments made by the director and any cash introduced and debited with private expenses and cash drawn. The amount outstanding due to the director at the year end was £114,462 (2023 - £114,462). This amount being included in creditors: amounts falling due within one year.

8
Parent company
PMG GWERN Y DOMEN LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
8
Parent company
(Continued)
- 4 -

PMG Gwern Y Domen Limited is 100% owned by Gwent Holdings Limited who is the ultimate parent undertaking. Gwent Holdings Limited is registered in England & Wales and the registered office is C/O UHY Hacker Young, Lanyon House, Mission Court, Newport, Wales, NP20 2DW

 

Gwent Holdings Limited is the parent of the smallest and largest group of which the company is a member for which group accounts are prepared.

 

The ultimate controlling party is Mrs J H Lewis by virtue of her shareholding in Gwent Holdings Limited.

2024-12-312024-01-01falsefalsetrue07 March 2025CCH SoftwareCCH Accounts Production 2024.310No description of principal activityD S Lewis2025-03-07The company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies122768462024-01-012024-12-31122768462024-12-31122768462023-12-3112276846core:CurrentFinancialInstrumentscore:WithinOneYear2024-12-3112276846core:CurrentFinancialInstrumentscore:WithinOneYear2023-12-3112276846core:CurrentFinancialInstruments2024-12-3112276846core:CurrentFinancialInstruments2023-12-3112276846core:ShareCapital2024-12-3112276846core:ShareCapital2023-12-3112276846core:RetainedEarningsAccumulatedLosses2024-12-3112276846core:RetainedEarningsAccumulatedLosses2023-12-3112276846bus:Director12024-01-012024-12-31122768462023-01-012023-12-3112276846core:WithinOneYear2024-12-3112276846core:WithinOneYear2023-12-3112276846bus:EntityNoLongerTradingButTradedInPast2024-01-012024-12-3112276846bus:PrivateLimitedCompanyLtd2024-01-012024-12-3112276846bus:SmallCompaniesRegimeForAccounts2024-01-012024-12-3112276846bus:FRS1022024-01-012024-12-3112276846bus:AuditExemptWithAccountantsReport2024-01-012024-12-3112276846bus:FullAccounts2024-01-012024-12-31xbrli:purexbrli:sharesiso4217:GBP