Poole Martin Limited - Limited company - abbreviated - 11.0.0
Poole Martin Limited - Limited company - abbreviated - 11.0.0
| REGISTERED NUMBER: |
| Abbreviated Unaudited Accounts |
| for the Year Ended 31 December 2013 |
| for |
| Poole Martin Limited |
| Poole Martin Limited (Registered number: 01156348) |
| Contents of the Abbreviated Accounts |
| for the Year Ended 31 December 2013 |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 |
| Notes to the Abbreviated Accounts | 3 |
| Poole Martin Limited |
| Company Information |
| for the Year Ended 31 December 2013 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| BANKERS: |
| Poole Martin Limited (Registered number: 01156348) |
| Abbreviated Balance Sheet |
| 31 December 2013 |
| 2013 | 2012 |
| Notes | £ | £ |
| CURRENT ASSETS |
| Debtors |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CAPITAL AND RESERVES |
| Called up share capital | 2 |
| Profit and loss account |
| SHAREHOLDERS' FUNDS |
| The directors acknowledge their responsibilities for: |
| (a) | ensuring that the company keeps 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 Sections 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. |
| The financial statements were approved by the Board of Directors on by: |
| Poole Martin Limited (Registered number: 01156348) |
| Notes to the Abbreviated Accounts |
| for the Year Ended 31 December 2013 |
| 1. | ACCOUNTING POLICIES |
| Accounting convention |
| The financial statements have been prepared under the historical cost convention. |
| Financial reporting standard number 1 |
| Exemption has been taken from preparing a cash flow statement on the grounds that the company is a wholly |
| owned subsidiary of Poole Martin Holdings Limited, which presents a consolidated cash flow statement for the |
| group. |
| Turnover |
| Turnover consists of commissions on premiums and fees received during the year which are recognised in |
| accordance with the insurers' terms of business. |
| Net premium adjustments |
| Adjustments are made annually to recognise debtors (net of commissions) due from customers and the |
| corresponding liability due to insurers for policies commencing within the period. A corresponding adjustment is |
| made to exclude debtor and creditor balances for policies commencing after the period. |
| 2. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2013 | 2012 |
| value: | £ | £ |
| Ordinary | £1 |
| 3. | ULTIMATE PARENT COMPANY |
| The company is a wholly owned subsidiary of Poole Martin Holdings Limited, a company incorporated in England and Wales, which is jointly controlled by |
| 4. | RELATED PARTY DISCLOSURES |
| During the year the following transactions were made with Poole Martin Holdings Limited. |
| Inter company charges were made amounting to £640,000 (2012: £640,000). |
| Dividends were declared and paid during the year amounting to £21,000 (2012: £70,000). |
| At the end of the year the company was owed £36,897 (2012: £38,164) from Poole Martin Holdings Limited. |
| This balance is included on the balance sheet as a Debtor: Amounts falling due within one year, amounts owed |
| by group undertakings. |
| Poole Martin Holdings Limited own 100% of the share capital in the company. The directors of the company, Mr |
| A Bollen and Mr R Evans each own 50% of the shares in Poole Martin Holdings Limited. |