Plm Holdings Limited

	Page
Balance Sheet	1
Notes to the Financial Statements	2—3

Registered number: 10569833

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Investments	4		840		1,000

			840		1,000
CURRENT ASSETS
Debtors	5	191,534		209,125

		191,534		209,125
Creditors: Amounts Falling Due Within One Year	6	(42,374 )		(42,765 )

NET CURRENT ASSETS (LIABILITIES)			149,160		166,360

TOTAL ASSETS LESS CURRENT LIABILITIES			150,000		167,360

NET ASSETS			150,000		167,360

CAPITAL AND RESERVES
Called up share capital	7		1,000		1,000
Profit and Loss Account			149,000		166,360

SHAREHOLDERS' FUNDS			150,000		167,360

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

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

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

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

P L Mills

Director

08/09/2025

The notes on pages 2 to 3 form part of these financial statements.

1. General Information

Plm Holdings Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10569833 . The registered office is The Gate House, Suite 3, Floor 3, Fretherne Road, Welwyn Garden City, AL8 6NS.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

2.3. Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

2.4. Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

2.5. Details of undertakings

Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Subsidiary undertakings

Absolute Recruit Limited - Ordinary holding - 100%

144-146 King's Cross Road, London WC1X 9DU

The principal activity is recruitment consultancy

Absolute IT Recruitment Limited - Ordinary holding - 100%

144-146 King's Cross Road, London WC1X 9DU

The principal activity is recruitment consultancy

3. Average Number of Employees

Average number of employees, including directors, during the year was: NIL (2023: NIL)

4. Investments

	Subsidiaries
	£
Cost or Valuation
As at 1 January 2024	1,000
Disposals	(160 )

As at 31 December 2024	840

Provision
As at 1 January 2024	-

As at 31 December 2024	-

Net Book Value
As at 31 December 2024	840

As at 1 January 2024	1,000

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Plm Holdings Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

5. Debtors

	2024	2023
	£	£
Due within one year
Amounts owed by group undertakings	191,534	209,125

6. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Accruals and deferred income	1,200	2,200
Director's loan account	36,459	35,850
Amounts owed to group undertakings	4,715	4,715

	42,374	42,765

7. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	1,000	1,000

8. Related Party Transactions

Summary of transactions with subsidiaries.

At the balance sheet date the company was owed £117,134 (2023: £117,726) from Absolute Accountancy Recruitment Limited, subsidiary company. This amount is interest free and repayable on demand.

At the balance sheet date the company was owed £74,399 (2023: £91,399) from Absolute IT Recruitment Limited, subsidiary company. This amount is interest free and repayable on demand.

Summary of transactions with other related parties

At the balance sheet date the company owed £4,715 (2023: £4,715) from 49 Leicester Road Limited. This loan is interest free and repayable on demand. 49 Leicester Road is related due to their common ownership.

9. Ultimate Controlling Party

The company's ultimate controlling party is P L Mills by virtue of his ownership of 100% of the issued share capital in the company.

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