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Company No: 09798669 (England and Wales)

POM SUPPORT LTD

Unaudited Financial Statements
For the financial period from 01 April 2024 to 30 September 2024
Pages for filing with the registrar

POM SUPPORT LTD

Unaudited Financial Statements

For the financial period from 01 April 2024 to 30 September 2024

Contents

POM SUPPORT LTD

BALANCE SHEET

As at 30 September 2024
POM SUPPORT LTD

BALANCE SHEET (continued)

As at 30 September 2024
Note 30.09.2024 31.03.2024
£ £
Fixed assets
Tangible assets 3 25,355 25,967
Investments 4 1,861,868 1,861,868
1,887,223 1,887,835
Current assets
Cash at bank and in hand 1,644 2,149
1,644 2,149
Creditors: amounts falling due within one year 5 ( 41,493) ( 40,834)
Net current liabilities (39,849) (38,685)
Total assets less current liabilities 1,847,374 1,849,150
Creditors: amounts falling due after more than one year 6 ( 347,197) ( 355,375)
Net assets 1,500,177 1,493,775
Capital and reserves
Called-up share capital 7 100 100
Profit and loss account 1,500,077 1,493,675
Total shareholders' funds 1,500,177 1,493,775

For the financial period ending 30 September 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of POM Support Ltd (registered number: 09798669) were approved and authorised for issue by the Board of Directors on 21 May 2025. They were signed on its behalf by:

Mr G J Parsons
Director
POM SUPPORT LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 01 April 2024 to 30 September 2024
POM SUPPORT LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 01 April 2024 to 30 September 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

POM Support Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 39 Exeter Road, Topsham, Exeter, EX3 0LX, United Kingdom.

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 items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Reporting period length

The company's accounting period has been shortened to the 6 months ended 30 September 2024 and as such the comparative amounts presented in the financial statements are not directly comparable.

Turnover

Turnover is stated net of VAT. Revenue from services is recognised as they are delivered.

Employee benefits

Defined benefit schemes
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line basis over its expected useful life, as follows:

Land and buildings 50 years straight line
Office equipment 5 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Fixed asset investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

Loans and borrowings
Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment.

2. Employees

Period from
01.04.2024 to
30.09.2024
Year ended
31.03.2024
Number Number
Monthly average number of persons employed by the Company during the period, including directors 0 0

3. Tangible assets

Land and buildings Office equipment Total
£ £ £
Cost
At 01 April 2024 29,887 5,970 35,857
At 30 September 2024 29,887 5,970 35,857
Accumulated depreciation
At 01 April 2024 4,776 5,114 9,890
Charge for the financial period 299 313 612
At 30 September 2024 5,075 5,427 10,502
Net book value
At 30 September 2024 24,812 543 25,355
At 31 March 2024 25,111 856 25,967

4. Fixed asset investments

Other investments Total
£ £
Cost or valuation before impairment
At 01 April 2024 1,861,868 1,861,868
At 30 September 2024 1,861,868 1,861,868
Carrying value at 30 September 2024 1,861,868 1,861,868
Carrying value at 31 March 2024 1,861,868 1,861,868

5. Creditors: amounts falling due within one year

30.09.2024 31.03.2024
£ £
Other taxation and social security 487 540
Other creditors 41,006 40,294
41,493 40,834

6. Creditors: amounts falling due after more than one year

30.09.2024 31.03.2024
£ £
Bank loans 347,197 355,375

Security over the company's loans and borrowings is given by a charge held over the company's fixed assets and those of the company's subsidiary.

7. Called-up share capital

30.09.2024 31.03.2024
£ £
Allotted, called-up and fully-paid
48 Ordinary A shares of £ 1.00 each 48 48
48 Ordinary B shares of £ 1.00 each 48 48
1 Ordinary C share of £ 1.00 1 1
1 Ordinary D share of £ 1.00 1 1
1 Ordinary E share of £ 1.00 1 1
1 Ordinary F share of £ 1.00 1 1
Nil Ordinary E share (31.03.2024: 1 share of £ 1.00 ) 0 1
100 101