PMi Global Holdings Limited
PMi Global Holdings Limited
Registered number: 06440104
Director's Report and
Unaudited Financial Statements
For The Year Ended
31 March 2021
PMi Global Holdings Limited
Director's Report and Unaudited Financial Statements
For The Year Ended
31 March 2021
Director's Report and Unaudited Financial Statements
| Contents | |
| Page | |
|---|---|
| Company Information | 1 |
| Director's Report | 2 |
| Profit and Loss Account | 3 |
| Balance Sheet | 4—5 |
| Notes to the Financial Statements | 6—9 |
PMi Global Holdings Limited
Company Information
For The Year Ended
31 March 2021
Company Information
| Director |
|
| Secretary |
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| Company Number |
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| Registered Office | 1 Moat Close |
| Prestwood | |
| Great Missenden | |
| Buckinghamshire | |
| HP16 9BX | |
Page 1
PMi Global Holdings Limited
Company No. 06440104
Director's Report For The Year Ended
31 March 2021
Director's Report
The director presents his report and the financial statements for the year ended
31 March 2021
.
Statement of Director's Responsibilities
The director is responsible for preparing the Directors' Report and the financial statements in accordance with applicable law and regulations.
Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the director must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing the financial statements the director is required to:
- select suitable accounting policies and then apply them consistently;
- make judgments and accounting estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
Directors
The directors who held office during the year were as follows:
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Small Company Rules
This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
By order of the board
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Company Secretary
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Page 2
PMi Global Holdings Limited
Profit and Loss Account
For The Year Ended
31 March 2021
Profit and Loss Account
| 2021 | 2020 | |||
|---|---|---|---|---|
| Notes | £ | £ | ||
| Administrative expenses |
( |
( |
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| OPERATING LOSS AND LOSS BEFORE TAXATION |
( |
( |
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| Tax on Loss |
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| LOSS AFTER TAXATION BEING LOSS FOR THE FINANCIAL YEAR |
( |
( |
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The notes on pages 6 to 9 form part of these financial statements.
Page 3
PMi Global Holdings Limited
Balance Sheet
As at
31 March 2021
Balance Sheet
| 2021 | 2020 | ||||
|---|---|---|---|---|---|
| Notes | £ | £ | £ | £ | |
| FIXED ASSETS | |||||
| Investments | 4 |
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| CURRENT ASSETS | |||||
| Cash at bank and in hand |
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| Creditors: Amounts Falling Due Within One Year | 6 |
( |
( |
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| NET CURRENT ASSETS (LIABILITIES) |
( |
( |
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| TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
( |
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| NET LIABILITIES |
( |
( |
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| CAPITAL AND RESERVES | |||||
| Called up share capital | 7 |
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| Profit and Loss Account |
( |
( |
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| SHAREHOLDERS' FUNDS | (21,435) | (21,342) | |||
Page 4
PMi Global Holdings Limited
Balance Sheet (continued)
As at
31 March 2021
Director's responsibilities
-
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. -
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. -
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
On behalf of the board
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Director
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The notes on pages 6 to 9 form part of these financial statements.
Page 5
PMi Global Holdings Limited
Notes to the Financial Statements
For The Year Ended
31 March 2021
Notes to the Financial Statements
1.
Accounting Policies
1.1.
Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
1.2.
Going Concern Disclosure
The accounts have been prepared on a going concern basis as the directors have pledged their ongoing support to the company.
1.3.
Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
1.4.
Consolidation
The company and its subsidiaries comprise a small group. The company has therefore taken advantage of the exemption provided in section 398 of the Companies Act 2006 not to prepare group financial statements and accordingly these financial statements present information about the company as a single undertaking.
2.
Average Number of Employees
Average number of employees, including directors, during the year was as follows:
2020 -1
2019 - 1
| 2021 | 2020 | ||
|---|---|---|---|
| Office and administration |
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Page 6
PMi Global Holdings Limited
Notes to the Financial Statements (continued)
For The Year Ended
31 March 2021
3.
Tax on Profit
| 2021 | 2020 | ||
|---|---|---|---|
| £ | £ | ||
| UK Corporation Tax |
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| Total Current Tax Charge |
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| Total tax charge for the period |
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| 2021 | 2020 | ||
| £ | £ | ||
| Profit before tax | (93) | (72) | |
| Breakdown of Tax Charge is: | |||
| Tax on profit at 0% (UK standard rate) |
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| Total tax charge for the period | - | - | |
Page 7
PMi Global Holdings Limited
Notes to the Financial Statements (continued)
For The Year Ended
31 March 2021
4.
Investments
| Unlisted | |
|---|---|
| £ | |
| Cost | |
| As at
|
1,000 |
| As at
|
1,000 |
| Provision | |
| As at
|
- |
| As at
|
- |
| Net Book Value | |
| As at
|
1,000 |
| As at
|
1,000 |
Investments are held at cost less any provisions for permanent diminution in value.
The Company's investment, at the balance sheet date, in the share capital of companies including the following:
PMi Consult Limited
Registered in England and Wales
Nature of business: The provision of independent strategic advisory services.
Class of Shares: Ordinary
Holding: 100%
2021
Aggregated Capital and reserves £
Profit for the Year £
2020
Aggregated Capital and reserves £65'664
Profit for the Year £55,148
6.
Creditors: Amounts Falling Due Within One Year
| 2021 | 2020 | ||
|---|---|---|---|
| £ | £ | ||
| Trade creditors |
( |
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| Amounts owed to group undertakings |
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Page 8
PMi Global Holdings Limited
Notes to the Financial Statements (continued)
For The Year Ended
31 March 2021
8.
Dividends
No dividend was declared on 2021 profits
9.
Related Party Transactions
Throughout the current and prior year the company was jointly controlled by the director D J W Lewis and his wife P C Lewis by virtue of the fact that between them they own 100% of the voting rights.
Included in creditors are the following balances:
2021
PMi Consult Ltd £22,463
2020
PMi Consult Limited £22,363
All amounts are interest free and repayable on demand.
All companies are related by way of being directly controlled subsidiaries or subsidiaries of PMi Consult Limited. No dividend income (2018: £0) was received from PMi Consult Limited in the year.
10.
General Information
PMi Global Holdings Limited
is a private company, limited by shares, incorporated in England & Wales, registered number
06440104
. The registered office is 1 Moat Close, Prestwood, Great Missenden, Buckinghamshire, HP16 9BX.
Page 9