P.G.M._Agencies_Limited - Accounts

P.G.M.AGENCIES LIMITED - Company Information

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P.G.M. Agencies Limited

Unaudited Abbreviated Accounts

For the year ended 31 March 2016

Company Registration No. 00868029 (England and Wales)

P.G.M. Agencies Limited

Abbreviated Balance Sheet

As at 31 March 2016

Page 1

2016

2015

Notes

Fixed assets

Investments

154

Current assets

Debtors

365,885

352,502

Cash at bank and in hand

3,052

365,885

355,554

Creditors: amounts falling due within one year

(7,352)

(5,286)

Net current assets

358,533

350,268

Total assets less current liabilities

358,687

350,422

Capital and reserves

Called up share capital

30,000

Profit and loss account

328,687

320,422

Shareholders' funds

358,687

350,422

For the financial year ended 31 March 2016 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.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 22 December 2016

Mr. Alexander Kollakis

Director

Company Registration No. 00868029

P.G.M. Agencies Limited

Notes to the Abbreviated Accounts

For the year ended 31 March 2016

Page 2

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Investments

Fixed asset investments are stated at cost less provision for diminution in value.

1.4

Group accounts

The financial statements present information about the company as an individual undertaking and not about its group. The company and its subsidiary undertaking comprise a small-sized group. The company has therefore taken advantage of the exemptions provided by section 398 of the Companies Act 2006 not to prepare group accounts.

Fixed assets

Investments

Cost

At 1 April 2015 & at 31 March 2016

154

Net book value

At 31 March 2016

154

At 31 March 2015

154

Holdings of more than 20%

The company holds more than 20% of the share capital of the following companies:

Company

Country of registration or

Shares held

incorporation

Class

Subsidiary undertakings

Baymanor Limited

England

Ordinary

100.00

P.G.M. Agencies Limited

Notes to the Abbreviated Accounts (Continued)

For the year ended 31 March 2016

Fixed assets

(Continued)

Page 3

The aggregate amount of capital and reserves and the results of these undertakings for the last relevant financial year were as follows:

Capital and reserves

Profit/(loss) for the year

2016

Principal activity

Baymanor Limited

Property investment

2,894,742

249,313

Debtors

Debtors include an amount of £263,848 (2015 - £266,830) which is due after more than one year.

Share capital

2016

2015

Allotted, called up and fully paid

30,000 Ordinary shares of £1 each

30,000

Control

The Company is controlled by the Kollakis family by virtue of their interest in the issued share capital.