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PMG INVESTMENTS GROUP LIMITED

Registered Number
11409448
(England and Wales)

Unaudited Financial Statements for the Year ended
30 June 2024

PMG INVESTMENTS GROUP LIMITED
Company Information
for the year from 1 July 2023 to 30 June 2024

Directors

LEGG, Mark
MOODY, Paul John

Company Secretary

LEGG, Chloe Jane

Registered Address

14 Fairways Business Centre
Airport Service Road
Portsmouth
PO3 5NU

Registered Number

11409448 (England and Wales)
PMG INVESTMENTS GROUP LIMITED
Balance Sheet as at
30 June 2024

Notes

2024

2023

£

£

£

£

Called up share capital not paid1010
Fixed assets
Investment property3474,834474,834
474,834474,834
Current assets
Debtors45010,803
Cash at bank and on hand10,10321,382
10,55332,185
Creditors amounts falling due within one year4(107,005)(110,328)
Net current assets (liabilities)(96,442)(78,133)
Total assets less current liabilities378,392396,701
Creditors amounts falling due after one year5(394,013)(394,924)
Net assets(15,621)1,777
Capital and reserves
Called up share capital1010
Profit and loss account(15,631)1,767
Shareholders' funds(15,621)1,777
The financial statements were approved and authorised for issue by the Board of Directors on 18 March 2025, and are signed on its behalf by:
LEGG, Mark
Director
Registered Company No. 11409448
PMG INVESTMENTS GROUP LIMITED
Notes to the Financial Statements
for the year ended 30 June 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). Despite the company continuing to meet the qualifying conditions for a micro-entity, it has decided to prepare its accounts under the standard FRS 102. The change in the accounting standard is to allow for the revaluation of the investment property held, which is not permitted under FRS 105. The comparative information has been restated from 1 July 2022.
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Investment property
The investment property is accounted for under FRS 102, Section 16 Investment Property. Investment property is remeasured to fair value at each balance sheet date with fair value gains and losses being reported in profit or loss. Investment properties are valued using RICS open market valuation on a freehold basis.
2.Average number of employees

20242023
Average number of employees during the year00
3.Investment property

£
Fair value at 01 July 23474,834
At 30 June 24474,834
4.Creditors: amounts due within one year

2024

2023

££
Bank borrowings and overdrafts1,2001,200
Other creditors104,509107,898
Accrued liabilities and deferred income1,2961,230
Total107,005110,328
5.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts394,013394,924
Total394,013394,924