Registered number
12829492
PMALK Holdings Ltd
Filleted Abridged Accounts
31 August 2024
Aspect Accounting Ltd
47 Knowsley Street
Bury
Lancashire
BL9 0ST
PMALK Holdings Ltd
Registered number: 12829492
Abridged Balance Sheet
as at 31 August 2024
Notes 2024 2023
£ £
Fixed assets
Investments 3 210,000 210,000
Current assets
Debtors 177 177
Cash at bank and in hand 3,269 4,840
3,446 5,017
Creditors: amounts falling due within one year (1,194) (1,183)
Net current assets 2,252 3,834
Total assets less current liabilities 212,252 213,834
Creditors: amounts falling due after more than one year (199,772) (199,772)
Provisions for liabilities (5,405) (5,405)
Net assets 7,075 8,657
Capital and reserves
Called up share capital 100 100
Profit and loss account 6,975 8,557
Shareholders' funds 7,075 8,657
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their 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.
The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A) of the Companies Act 2006.
Mr M Alker
Director
Approved by the board on 9 May 2025
PMALK Holdings Ltd
Notes to the Abridged Accounts
for the year ended 31 August 2024
1 Accounting policies
Basis of preparation
The abridged 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, excluding discounts, rebates, value added tax and other sales taxes.
Investment property
The company owns a freehold building that is held to earn long term rental income and for capital appreciation. Investment properties are initially recognised at cost. Investment properties whose fair value can be measured reliably are measured at fair value. Changes in fair value are recognised in the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
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.
2 Employees 2024 2023
£ £
Average number of persons employed by the company - -
3 Investment property
Land and
buildings
£
Fair Value
At 1 September 2023 210,000
At 31 August 2024 210,000
Historical cost
At 1 September 2023 188,378
At 31 August 2024 188,378

The investment property was valued by the directors (who do not hold qualifications in property valuation) on an open market valuation in August 2024 by reference to prices attained by similar properties in the local area.
4 Related party transactions
During the financial year the company received a loan of £199,000 from PM Hardware Ltd, a company owned and controlled by by the directors of this company, to replace existing borrowings. The loan was interest free and payable upon demand.
5 Other information
PMALK Holdings Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Unit 2
Peel Industrial Estate
Chamberhall Street
Bury
Lancashire
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