Company No:
Contents
| Note | 30.09.2024 | 31.03.2024 | ||
| £ | £ | |||
| Fixed assets | ||||
| Tangible assets | 3 |
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| Investments | 4 |
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| 1,887,223 | 1,887,835 | |||
| Current assets | ||||
| Cash at bank and in hand |
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| 1,644 | 2,149 | |||
| Creditors: amounts falling due within one year | 5 | (
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| 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 | (
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| Net assets |
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| Capital and reserves | ||||
| Called-up share capital | 7 |
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| Profit and loss account |
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| Total shareholders' funds |
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Directors' responsibilities:
The financial statements of POM Support Ltd (registered number:
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Mr G J Parsons
Director |
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.
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 £.
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.
Defined benefit schemes
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
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.
| Land and buildings |
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| Office equipment |
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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 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.
| Period from 01.04.2024 to 30.09.2024 |
Year ended 31.03.2024 |
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| Number | Number | ||
| Monthly average number of persons employed by the Company during the period, including directors |
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| Land and buildings | Office equipment | Total | |||
| £ | £ | £ | |||
| Cost | |||||
| At 01 April 2024 |
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| At 30 September 2024 |
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| Accumulated depreciation | |||||
| At 01 April 2024 |
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| Charge for the financial period |
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| At 30 September 2024 |
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| Net book value | |||||
| At 30 September 2024 |
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| At 31 March 2024 |
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| Other investments | Total | ||
| £ | £ | ||
| Cost or valuation before impairment | |||
| At 01 April 2024 |
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| At 30 September 2024 |
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| Carrying value at 30 September 2024 |
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| Carrying value at 31 March 2024 |
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| 30.09.2024 | 31.03.2024 | ||
| £ | £ | ||
| Other taxation and social security |
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| Other creditors |
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| 30.09.2024 | 31.03.2024 | ||
| £ | £ | ||
| Bank loans |
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| 30.09.2024 | 31.03.2024 | ||
| £ | £ | ||
| Allotted, called-up and fully-paid | |||
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| Nil
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| 100 | 101 |