2023-09-012024-08-312024-08-31false12178072THE PALMERS GROUP 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THE PALMERS GROUP LIMITED

Registered Number
12178072
(England and Wales)

Unaudited Financial Statements for the Year ended
31 August 2024

THE PALMERS GROUP LIMITED
Company Information
for the year from 1 September 2023 to 31 August 2024

Directors

PALMER, Benjamin
PALMER, Clive Charles
PALMER, Colleen Frances
PALMER, James Charles
PALMER, John Christopher
PALMER, Justin Charles

Registered Address

Bernard's Way
Bunford Lane
Yeovil
BA20 2FH

Registered Number

12178072 (England and Wales)
THE PALMERS GROUP LIMITED
Balance Sheet as at
31 August 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Investments32,5002,500
2,5002,500
Current assets
Debtors4189,001189,001
Cash at bank and on hand1,447,3631,026,656
1,636,3641,215,657
Creditors amounts falling due within one year5(177,787)(22,471)
Net current assets (liabilities)1,458,5771,193,186
Total assets less current liabilities1,461,0771,195,686
Net assets1,461,0771,195,686
Capital and reserves
Called up share capital2,5002,500
Profit and loss account1,458,5771,193,186
Shareholders' funds1,461,0771,195,686
The financial statements were approved and authorised for issue by the Board of Directors on 24 February 2025, and are signed on its behalf by:
PALMER, Clive Charles
Director
PALMER, John Christopher
Director

Registered Company No. 12178072
THE PALMERS GROUP LIMITED
Notes to the Financial Statements
for the year ended 31 August 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.
Revenue from sale of goods
Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
2.Average number of employees

20242023
Average number of employees during the year00
3.Fixed asset investments

Total

£
Cost or valuation
At 01 September 232,500
At 31 August 242,500
Net book value
At 31 August 242,500
At 31 August 232,500
4.Debtors: amounts due within one year

2024

2023

££
Amounts owed by group undertakings189,001189,001
Total189,001189,001
5.Creditors: amounts due within one year

2024

2023

££
Amounts owed to related parties171,75620,280
Taxation and social security5,1311,476
Accrued liabilities and deferred income900715
Total177,78722,471