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Registration number: 10500883

PmPv Private Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 November 2024

 

PmPv Private Limited

Company Information

Directors

Rekha Channabasappa Kandikere

Kishore Kandikere

Registered office

29 Beaulieu Drive
Pinner
HA5 1NB

Accountants

Michaelides Warner & Co 102 Fulham Palace Road
London
W6 9PL

 

PmPv Private Limited

(Registration number: 10500883)
Balance Sheet as at 30 November 2024

Note

2024
£

2023
£

Fixed assets

 

Investment property

4

552,955

552,955

Current assets

 

Debtors

5

1,747

1,500

Cash at bank and in hand

 

1,035

16

 

2,782

1,516

Creditors: Amounts falling due within one year

6

(109,383)

(55,717)

Net current liabilities

 

(106,601)

(54,201)

Total assets less current liabilities

 

446,354

498,754

Creditors: Amounts falling due after more than one year

6

(532,160)

(523,818)

Provisions for liabilities

(9,117)

(9,117)

Net liabilities

 

(94,923)

(34,181)

Capital and reserves

 

Called up share capital

7

1

1

Other reserves

27,350

27,350

Retained earnings

(122,274)

(61,532)

Shareholders' deficit

 

(94,923)

(34,181)

For the financial year ending 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' 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 directors acknowledge their 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 and 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 directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 29 August 2025 and signed on its behalf by:
 

 

PmPv Private Limited

(Registration number: 10500883)
Balance Sheet as at 30 November 2024

.........................................
Kishore Kandikere
Director

 

PmPv Private Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 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:
29 Beaulieu Drive
Pinner
HA5 1NB
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.

Going concern

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

Judgements

The directors consider that there are no key judgements that management have made in the process of applying the company's accounting policies and that may have had a significant effect on the amounts recognised in the financial statements.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

PmPv Private Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate
determined annually by management. Management use observable market prices, adjusted if necessary for
any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in
profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

 

PmPv Private Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

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.

Financial instruments

Classification
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like investments, trade and other receivables, cash and bank balances, trade and other creditors.

Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or cash consolidation expected to be paid or received.

 

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2023 - 0).

 

PmPv Private Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

4

Investment properties

2024
£

At 1 December

552,955

At 30 November

552,955

The fair value of the investment properties as at 30 November 2024 was considered to be £552,955 (2023: £552,955)

5

Debtors

Current

2024
£

2023
£

Trade debtors

-

-

Prepayments

247

-

Other debtors

1,500

1,500

 

1,747

1,500

 

PmPv Private Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

-

791

Accruals and deferred income

43,086

35,574

Other creditors

66,297

19,352

109,383

55,717

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

8

532,160

523,818

7

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £0.01 each

100

1

100

1

       
 

PmPv Private Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

8

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

347,160

338,818

Other borrowings

185,000

185,000

532,160

523,818

9

Related party transactions

Included in other borrowings is a loan received from Res IT Ltd with interest rate of 3.25% per annum. The carrying amount at year end is £185,000 (2023 - £185,000).

Interest is calulated as the end of every financial year. Interest unpaid at the year end is separately shown as an accrual in accounts.

Transactions with directors

2024

At 1 December 2023
£

Repayments by director
£

At 30 November 2024
£

Rekha Channabasappa Kandikere

Amount owed (to)/from the director

(17,675)

(46,475)

(64,150)

Kishore Kandikere

Amount owed (to)/from the director

(179)

(469)

(648)

 

PmPv Private Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

2023

At 1 December 2022
£

Repayments by director
£

At 30 November 2023
£

Rekha Channabasappa Kandikere

Amount owed (to)/from the director

(13,794)

(3,881)

(17,675)

Kishore Kandikere

Amount owed (to)/from the director

(139)

(39)

(179)