P&ML Holdings Limited 31/03/2020 iXBRL
P&ML Holdings Limited 31/03/2020 iXBRL
Company registration number:
08419029
Contents
Statement of financial position
Notes to the financial statements
Statement of financial position
31 March 2020
31/03/20 | 31/03/20 | ||||||||
Note | £ | £ | £ | £ | |||||
Fixed assets | |||||||||
Tangible assets | 4 |
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Investments | 5 |
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_______ | _______ | ||||||||
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Current assets | |||||||||
Debtors | 6 |
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Investments | 7 |
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Cash at bank and in hand |
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Creditors: amounts falling due | |||||||||
within one year | 8 |
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_______ | _______ | ||||||||
Net current assets |
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_______ | _______ | ||||||||
Total assets less current liabilities |
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_______ | _______ | ||||||||
Net assets |
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_______ | _______ | ||||||||
Capital and reserves | |||||||||
Called up share capital |
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Profit and loss account |
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_______ | _______ | ||||||||
Shareholders funds |
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_______ | _______ | ||||||||
Directors responsibilities:
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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;
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
09 December 2020
, and are signed on behalf of the board by:
Director
Company registration number:
08419029
Notes to the financial statements
Year ended 31 March 2020
1.
General information
The company is a private company limited by shares, registered in England. The address of the registered office is 3 Fareham Grove, Stoke on Trent, Staffordshire, ST3 7TE.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
Operating leases
Tangible assets
Depreciation
No depreciation is provided on freehold property because, in the opinion of the directors, the realisable value will be in excess of the carrying value.
Other asset | - | Not depreciated | |
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Fixed asset 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.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
Financial instruments
4.
Tangible assets
Other asset | Total | ||
£ | £ | ||
Cost | |||
At 1 April 2019 and 31 March 2020 |
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_______ | _______ | ||
Depreciation | |||
At 1 April 2019 and 31 March 2020 | - | - | |
_______ | _______ | ||
Carrying amount | |||
At 31 March 2020 |
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_______ | _______ | ||
At 31 March 2019 | 12,500 |
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_______ | _______ | ||
5.
Investments
Shares in group undertakings and participating interests | Total | ||
£ | £ | ||
Cost | |||
At 1 April 2019 and 31 March 2020 |
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_______ | _______ | ||
Impairment | |||
At 1 April 2019 and 31 March 2020 | - | - | |
_______ | _______ | ||
Carrying amount | |||
At 31 March 2020 |
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_______ | _______ | ||
At 31 March 2019 |
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_______ | _______ | ||
6.
Debtors
31/03/20 | 31/03/20 | |||
£ | £ | |||
Trade debtors |
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_______ | _______ | |||
7.
Investments
31/03/20 | 31/03/20 | |||
£ | £ | |||
Investment in participating interests | 263,204 | 263,204 | ||
Loan to connected company | 176,428 | 155,428 | ||
Other investments | - | 40,000 | ||
_______ | _______ | |||
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8.
Creditors: amounts falling due within one year
31/03/20 | 31/03/20 | |||
£ | £ | |||
Corporation tax | - |
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Other creditors |
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_______ | _______ | |||
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_______ | _______ | |||
9.
Directors advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company: | ||||
Year ended 31/03/20 | ||||
Balance brought forward | Advances /(credits) to the directors | Balance o/standing | ||
£ | £ | £ | ||
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_______ | _______ | _______ | ||
Period ended 31/03/20 | ||||
Balance brought forward | Advances /(credits) to the directors | Balance o/standing | ||
£ | £ | £ | ||
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_______ | _______ | _______ | ||
10.
Controlling party
The company is under the control of its directors by virtue of their entire shareholdings therein.