PM Finance Ltd Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 08416564

PM Finance Ltd

Filleted Unaudited Financial Statements

31 May 2026

PM Finance Ltd

Financial Statements

Year ended 31 May 2026

Contents	Page

Balance sheet	1

Notes to the financial statements	3

PM Finance Ltd

Balance Sheet

31 May 2026

	2026		2025
Note	£	£	£	£

Fixed assets

Investments	4		10		10

Current assets

Debtors	5	219,490	220,490
Cash at bank and in hand		5,319	5,584
		---------	---------
		224,809	226,074

Creditors: amounts falling due within one year	6	( 255,445)		( 255,445)
		---------		---------
Net current liabilities			( 30,636)		( 29,371)
			--------		--------
Total assets less current liabilities			( 30,626)		( 29,361)
			--------		--------
Net liabilities			( 30,626)		( 29,361)
			--------		--------

PM Finance Ltd

Balance Sheet (continued)

31 May 2026

	2026		2025
Note	£	£	£	£

Capital and reserves

Called up share capital	100	100
Profit and loss account	( 30,726)	( 29,461)
	--------	--------
Shareholders deficit	( 30,626)	( 29,361)
	--------	--------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the profit and loss account has not been delivered.

For the year ending 31 May 2026 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 financial statements for the year in question in accordance with section 476 ;

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

These financial statements were approved by the board of directors and authorised for issue on 8 September 2026 , and are signed on behalf of the board by:

Mr M Paoli
Director

Company registration number: 08416564

PM Finance Ltd

Notes to the Financial Statements

Year ended 31 May 2026

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 6 Corunna Court, Corunna Road, Warwick, CV34 5HQ.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis and in sterling, which is the functional currency of the entity.

Going concern

The director acknowledges the continued losses in the year. The accounts have been prepared under the going concern basis due to the continued support to the company from its director and shareholder for the foreseeable future.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

Investments in associates

Investments in associates accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses.

4. Investments

	Shares in associates
	£
Cost
At 1 June 2025 and 31 May 2026	10
	----
Impairment
At 1 June 2025 and 31 May 2026	–
	----

Carrying amount
At 31 May 2026	10
	----
At 31 May 2025	10
	----

The company owns 10% of the issued share capital of a property development company, incorporated in England.

5. Debtors

	2026	2025
	£	£
Amounts owed by associates	219,490	220,490
	---------	---------

6. Creditors: amounts falling due within one year

	2026	2025
	£	£
Other creditors	255,445	255,445
	---------	---------

7. Director's advances, credits and guarantees

During the period the director had an interest-free loan with the company. The loan is repayable on demand. At the start of the year the company owed the director £103,181, and at the end of the year the company owed the director £103,181.

8. Related party transactions

At the start of the year a company in which PM Finance Ltd hold shares owed them £220,490 and at the end of the year owed them £219,490. The loan is interest free and repayable on demand.