Company Registration No. 06658705 (England and Wales)
Pymm & Co. Lettings Ltd
Unaudited accounts
for the year ended 31 March 2025
Pymm & Co. Lettings Ltd
Unaudited accounts
Contents
Pymm & Co. Lettings Ltd
Company Information
for the year ended 31 March 2025
Directors
Mr S P Monument
Mr S M Pymm
Company Number
06658705 (England and Wales)
Registered Office
4 BER STREET
NORWICH
NORFOLK
NR1 3EJ
Accountants
Together Accounting Limited
17-19 St Georges Street
Norwich
Norfolk
NR3 1AB
Pymm & Co. Lettings Ltd
Statement of financial position
as at 31 March 2025
Intangible assets
8,140
10,176
Tangible assets
57,330
7,100
Investments
248,726
165,661
Cash at bank and in hand
376,161
306,480
Creditors: amounts falling due within one year
(226,180)
(213,606)
Net current assets
531,577
378,006
Total assets less current liabilities
845,773
560,943
Provisions for liabilities
Deferred tax
(14,333)
(1,349)
Other provisions
(20,000)
(20,000)
Net assets
811,440
539,594
Called up share capital
100
100
Profit and loss account
811,340
539,494
Shareholders' funds
811,440
539,594
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 6 November 2025 and were signed on its behalf by
Mr S P Monument
Director
Company Registration No. 06658705
Pymm & Co. Lettings Ltd
Notes to the Accounts
for the year ended 31 March 2025
Pymm & Co. Lettings Ltd is a private company, limited by shares, registered in England and Wales, registration number 06658705. The registered office is 4 BER STREET, NORWICH, NORFOLK, NR1 3EJ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
10% straight line
Motor vehicles
20% straight line
Fixtures & fittings
20% straight line
Computer equipment
20% straight line
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Pymm & Co. Lettings Ltd
Notes to the Accounts
for the year ended 31 March 2025
4
Intangible fixed assets
Goodwill
5
Tangible fixed assets
Land & buildings
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2024
13,504
9,226
32,175
54,905
Additions
11,685
5,800
39,894
57,379
At 31 March 2025
25,189
15,026
72,069
112,284
At 1 April 2024
13,142
9,225
25,438
47,805
Charge for the year
1,271
1,266
4,612
7,149
At 31 March 2025
14,413
10,491
30,050
54,954
At 31 March 2025
10,776
4,535
42,019
57,330
At 31 March 2024
362
1
6,737
7,100
6
Investments
Subsidiary undertakings
Valuation at 1 April 2024
165,661
Fair value adjustments
(62,598)
Valuation at 31 March 2025
248,726
Pymm & Co. Lettings Ltd
Notes to the Accounts
for the year ended 31 March 2025
Amounts falling due within one year
Amounts due from group undertakings etc.
-
137,781
Accrued income and prepayments
1,347
9,735
Other debtors
379,349
136,352
8
Creditors: amounts falling due within one year
2025
2024
Trade creditors
33,748
2,649
Taxes and social security
141,507
158,909
The directors owed the company £34,305 as at the year end. Interest has been charged at a rate of 2.5%. This balance is reflected in other debtors.
10
Transactions with related parties
MPHS Developments Limited
MPHS Developments Limited is a related party of Pymm & Co Lettings Limited due to the existence of common shareholders and directors.
The following balances at the year end were owed by MPHS Developments Limited: £101,680
11
Average number of employees
During the year the average number of employees was 16 (2024: 14).