Abbreviated Company Accounts - PACM LIMITED

09113581 PACM LIMITED 2015-12-31 false 2014-07-02 2015-12-31 true 09113581 2014-07-02 2015-12-31 09113581 2015-12-31 09113581 uk-gaap-cd-bus:Director1 2014-07-02 2015-12-31 09113581 uk-gaap-cd-bus:Director2 2014-07-02 2015-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-07-02 2015-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-12-31 iso4217:GBP shares

Registered Number 09113581

PACM LIMITED

Abbreviated Accounts

31 December 2015

PACM LIMITED Registered Number 09113581

Abbreviated Balance Sheet as at 31 December 2015

	Notes	2015
		£
Fixed assets
Investments	2	1,890,000
		1,890,000
Current assets
Cash at bank and in hand		10,595
		10,595
Creditors: amounts falling due within one year	3	(1,873,029)
Net current assets (liabilities)		(1,862,434)
Total assets less current liabilities		27,566
Total net assets (liabilities)		27,566
Capital and reserves
Called up share capital	4	40
Profit and loss account		27,526
Shareholders' funds		27,566

For the year ending 31 December 2015 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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.

Approved by the Board on 29 March 2016

And signed on their behalf by:
P S NAKRANI, Director

PACM LIMITED Registered Number 09113581

Notes to the Abbreviated Accounts for the period ended 31 December 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Other accounting policies
Going Concern :
The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the annual financial statements. Directors have assured the company of their continued support.

Taxation :
Corporation tax payable is provided on taxable profits at the current rates.
Provision is made for deferred taxation in so far as a liability or asset has arisen as a result of transactions that had occurred by the balance sheet date and have given rise to an obligation to pay more tax in the future, or the right to pay less tax in the future. An asset has not been recognised to the extent that the transfer of economic benefits in the future is uncertain. Deferred tax assets and liabilities recognised have not been discounted.

2Fixed assets Investments
Other Investments £1890000

3Creditors

	2015 £
Secured Debts	1,873,029

4Called Up Share Capital
Allotted, called up and fully paid:

	2015 £
40 Ordinary shares of £1 each	40