REGISTERED NUMBER: 11515411 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 April 2025

for

PLM Partnership Ltd

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

R Buckle

REGISTERED OFFICE:

25 Westend Courtyard

Grove Lane

Stonehouse

Gloucestershire

GL10 3FA

REGISTERED NUMBER:

11515411 (England and Wales)

ACCOUNTANTS:

HATS Gloucester Ltd

48 Hucclecote Road

Gloucester

Gloucestershire

GL3 3RS

BANKERS:

Lloyds Bank

Butler Place

1 Legg Street

Chelmsford

Essex

CM1 1JS

FIXED ASSETS

Tangible assets

4

47,177

54,023

CURRENT ASSETS

Debtors

5

100,903

25,993

Cash at bank

256,332

138,063

357,235

164,056

CREDITORS

Amounts falling due within one year

6

133,938

34,074

NET CURRENT ASSETS

223,297

129,982

TOTAL ASSETS LESS CURRENT LIABILITIES

270,474

184,005

CREDITORS

Amounts falling due after more than one year

7

(32,341

)

(39,715

)

PROVISIONS FOR LIABILITIES

(11,794

)

(12,425

)

NET ASSETS

226,339

131,865

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

226,338

131,864

SHAREHOLDERS' FUNDS

226,339

131,865

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 12 December 2025 and were signed by:

R Buckle - Director

1.	STATUTORY INFORMATION

PLM Partnership Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

Cost

At 1 May 2024

2,394

61,390

16,621

80,405

Additions

499

-

4,504

5,003

Disposals

-

-

(3,647

)

(3,647

)

At 30 April 2025

2,893

61,390

17,478

81,761

Depreciation

At 1 May 2024

973

10,232

15,177

26,382

Charge for year

480

8,526

2,621

11,627

Eliminated on disposal

-

-

(3,425

)

(3,425

)

At 30 April 2025

1,453

18,758

14,373

34,584

Net book value

At 30 April 2025

1,440

42,632

3,105

47,177

At 30 April 2024

1,421

51,158

1,444

54,023

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

Cost

At 1 May 2024

and 30 April 2025

61,390

Depreciation

At 1 May 2024

10,232

Charge for year

8,526

At 30 April 2025

18,758

Net book value

At 30 April 2025

42,632

At 30 April 2024

51,158

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30/4/25

30/4/24

£

£

Trade debtors

92,046

21,276

Amounts owed by group undertakings

4,835

806

Other debtors

4,022

3,911

100,903

25,993

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30/4/25

30/4/24

£

£

Hire purchase contracts (see note 8)

7,374

7,374

Trade creditors

16,686

630

Taxation and social security

106,558

22,413

Other creditors

3,320

3,657

133,938

34,074

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30/4/25

30/4/24

£

£

Hire purchase contracts (see note 8)

32,341

39,715

8.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

30/4/25

30/4/24

£

£

Net obligations repayable:

Within one year

7,374

7,374

Between one and five years

32,341

39,715

39,715

47,089

Non-cancellable

operating leases

30/4/25

30/4/24

£

£

Within one year

2,418

2,370

9.	RELATED PARTY DISCLOSURES

LMRD Holdings Ltd

Parent company

At 30 April 2025, PLM Partnership Ltd was owed £1,266 (2024 - £806) by the parent company. The unsecured balance is interest free and has no fixed repayment terms.

LMRD Property Ltd

Group company

At 30 April 2025, PLM Partnership Ltd was owed £3,569 (2024 - £Nil) by an associated company. The unsecured balance is interest free and has no fixed repayment terms.

10.	ULTIMATE CONTROLLING PARTY

The ultimate parent undertaking is LMRD Holdings Ltd, a company registered in England and Wales. The company is controlled by R Buckle, director of PLM Partnership Ltd. LMRD Holdings Ltd, which shares the same registered office as PLM Partnership Ltd, has taken the option under Section 399(2A) of the Companies Act 2006 not to prepare consolidated financial statements.