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Registration number: 10614895

PML Holdings Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 October 2024

 

PML Holdings Limited

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 4

 

PML Holdings Limited

(Registration number: 10614895)
Balance Sheet as at 31 October 2024

Note

2024
£

2023
£

Fixed assets

 

Other financial assets

4

624,017

624,017

Current assets

 

Debtors

5

100

100

Creditors: Amounts falling due within one year

6

(624,017)

(624,017)

Net current liabilities

 

(623,917)

(623,917)

Net assets

 

100

100

Capital and reserves

 

Called up share capital

100

100

Shareholders' funds

 

100

100

For the financial year ending 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 22 July 2025
 

.........................................
Mr P M Legassick
Director

 

PML Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
2 Old Bath Road
Newbury
Berkshire
RG14 1QL
England

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Group accounts not prepared

The company is part of a small group. The company has taken advantage of the exemption provided by Section 398 of the Companies Act 2006 and has not prepred group accounts.

Going concern

The financial statements have been prepared on a going concern basis.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

 

PML Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

4

Other financial assets (current and non-current)

Financial assets at fair value through profit and loss
£

Total
£

Non-current financial assets

Cost or valuation

At 1 November 2023

624,017

624,017

At 31 October 2024

624,017

624,017

Impairment

Carrying amount

At 31 October 2024

624,017

624,017

5

Debtors

Current

2024
£

2023
£

Other debtors

100

100

 

100

100

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Amounts owed by group undertakings

544,245

463,385

Other creditors

79,772

160,632

624,017

624,017

 

PML Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

7

Related party transactions

Summary of transactions with other related parties

During the year the company made the following related party transactions:

CCS Car Sales (Thatcham) Limited (subsidiary). At the balance sheet date the amount owed to CCS Car Sales (Thatcham) Limited was £356,480 (2023 - £312,480).

Thatcham MOT & Service Centre Limited. At the balance sheet date the amount owed to Thatcham MOT & Service Centre Limited was £187,765 (2023 - £150,905).