Registered number
12264946
Hammonds PMS Limited
Filleted Accounts
31 October 2024
Adams Root Limited t/a Adams Root & Associates
Chartered Certified Accountants
Bristol
Hammonds PMS Limited
Registered number: 12264946
Balance Sheet
as at 31 October 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 40,594 1,405
Investments 4 227,780 275,948
268,374 277,353
Current assets
Debtors 5 252 33,717
Cash at bank and in hand 524,726 467,775
524,978 501,492
Creditors: amounts falling due within one year 6 (101,948) (120,060)
Net current assets 423,030 381,432
Total assets less current liabilities 691,404 658,785
Provisions for liabilities (351) (351)
Net assets 691,053 658,434
Capital and reserves
Called up share capital 100 100
Profit and loss account 690,953 658,334
Shareholder's funds 691,053 658,434
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr J H Betty
Director
Approved by the board on 1 May 2025
Hammonds PMS Limited
Notes to the Accounts
for the year ended 31 October 2024
1 Accounting policies
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).
Turnover
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. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Computer equipment 25% straight line
Fixtures, fittings, tools and equipment 25% straight line
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. 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.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 1
3 Tangible fixed assets
Motor vehicle Computer equipment Fixtures & fittings Total
£ £ £ £
Cost
At 1 November 2023 - 3,468 1,317 4,785
Additions 49,653 - 964 50,617
At 31 October 2024 49,653 3,468 2,281 55,402
Depreciation
At 1 November 2023 - 2,508 872 3,380
Charge for the year 9,931 903 594 11,428
At 31 October 2024 9,931 3,411 1,466 14,808
Net book value
At 31 October 2024 39,722 57 815 40,594
At 31 October 2023 - 960 445 1,405
4 Investments
Investments in
subsidiary Other
undertakings investments Total
£ £ £
Cost
At 1 November 2023 - 275,948 275,948
Additions - 58,226 58,226
Transfer - (80,000) (80,000)
Revaluation - 24,374 24,374
Disposals - (50,768) (50,768)
At 31 October 2024 - 227,780 227,780
Historical cost
At 1 November 2023 - 283,268
At 31 October 2024 - 210,728
Other investments include funds invested in listed securities, which are revalued to their fair value at the end of each accounting period.
5 Debtors 2024 2023
£ £
Trade debtors - 30,789
Other debtors 252 2,928
252 33,717
6 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 211 1,253
Taxation and social security costs 25,549 43,698
Other creditors 76,188 75,109
101,948 120,060
7 Other information
Hammonds PMS Limited is a private company limited by shares and incorporated in England. Its registered office is:
86 Shirehampton Road
Stoke Bishop
Bristol
BS9 2DR
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