| Registered Number:04202585 |
For the year ended 31 March 2025
England and Wales
Unaudited Financial Statements
For the year ended 31 March 2025
PBMS (Torquay) Limited
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
PBMS (Torquay) Limited
Statement of Financial Position
2024
2025
| Property, plant and equipment |
244,606
244,919
2
244,606
244,919
| Trade and other receivables |
695
107
4
135,652
| Cash and cash equivalents |
217,105
217,212
136,347
| Trade and other payables: amounts falling due within one |
| year |
(21,010)
(91,311)
5
115,337
125,901
Net current assets
| Total assets less current liabilities |
370,507
360,256
370,507
Net assets
360,256
2
2
370,505
360,254
370,507
360,256
Shareholders' funds
| For the year ended 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 of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006 |
| The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section |
| 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. |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
| Mr Christopher Bettesworth Director |
| These financial statements were approved and authorised for issue by the Board on 10 June 2025 and were signed by: |
| The notes form part of these financial statements |
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For the year ended 31 March 2025
PBMS (Torquay) Limited
Notes to the Financial Statements
Statutory Information
| PBMS (Torquay) Limited is a private limited company, limited by shares, domiciled in England and Wales, registration |
| number 04202585. |
29-30 Fleet Street
Torquay
Devon
TQ1 1BB
| The presentation currency is £ sterling. |
Basis of preparing the financial statements
Revenue recognition
| Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts. |
Property, plant and equipment
| Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Land and buildings
Plant and machinery
| No depreciation is provided on the company''s freehold properties since in the opinion of the directors the expected |
| useful lives are sufficiently long and the estimated residual values are sufficiently high that any such depreciation |
| would be immaterial. The directors undertake an annual impairment review of these properties. |
Investment property
| Investment properties are included in the balance sheet at their open market value at the balance sheet date. The resulting aggregate surplus or deficit is transferred to a revaluation reserve. Depreciation is provided only on those investment properties which are leasehold and where the unexpired lease term is less than 20 years. Although this accounting policy is in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015), it is a departure from the general requirement of the Companies Act 2006 for all tangible assets to be depreciated. In the opinion of the directors compliance with the standard is necessary for the financial statements to give a true and fair view. Depreciation or amortisation is only one of many factors reflected in the annual valuation and the amount of this which might otherwise have been charged cannot be separately identified or quantified. |
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. |
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For the year ended 31 March 2025
PBMS (Torquay) Limited
Notes to the Financial Statements Continued
| 2. Property, plant and equipment |
256,799
13,132
243,667
243,667
13,132
256,799
| Provision for depreciation and impairment |
11,880
11,880
-
Charge for year
313
313
-
12,193
12,193
-
243,667
939
244,606
243,667
1,252
244,919
| 3. Investments held as fixed assets |
| 4. Trade and other receivables |
2024
2025
107
695
| 5. Trade and other payables: amounts falling due within one year |
2024
2025
2,000
2,000
| Taxation and social security |
2,712
3,499
86,599
15,511
91,311
21,010
| 6. Related party transactions |
The company was under the control of Mr C S M Bettesworth during this year.
| 7. Average number of persons employed |
During the year the average number of employees was 2 (2024 : 2)
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