PMW Legal Limited - Accounts to registrar (filleted) - small 17.3
PMW Legal Limited - Accounts to registrar (filleted) - small 17.3
| REGISTERED NUMBER: |
| PMW LEGAL LIMITED |
| Unaudited Financial Statements for the Year Ended 31 December 2017 |
| PMW LEGAL LIMITED (REGISTERED NUMBER: 10199785) |
| Contents of the Financial Statements |
| for the year ended 31 December 2017 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| PMW LEGAL LIMITED |
| Company Information |
| for the year ended 31 December 2017 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Nightingale House |
| 46-48 East Street |
| Epsom |
| Surrey |
| KT17 1HQ |
| PMW LEGAL LIMITED (REGISTERED NUMBER: 10199785) |
| Balance Sheet |
| 31 December 2017 |
| 2017 | 2016 |
| Notes | £ | £ |
| CURRENT ASSETS |
| Debtors | 3 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 4 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
( |
) |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings | 5 | ( |
) | ( |
) |
| 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. |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements were approved by the Board of Directors on |
| PMW LEGAL LIMITED (REGISTERED NUMBER: 10199785) |
| Notes to the Financial Statements |
| for the year ended 31 December 2017 |
| 1. | STATUTORY INFORMATION |
| PMW Legal Limited is a private company limited by shares, incorporated and domiciled in England and Wales, |
| registration number 10199785. The registered office is Aissela, 46 High Street, Esher, Surrey, KT10 9QY |
| 2. | ACCOUNTING POLICIES |
| BASIS OF PREPARING THE FINANCIAL STATEMENTS |
| The financial statements are prepared on a going concern basis. |
| TURNOVER |
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, |
| value added tax and other sales taxes. |
| TAXATION |
| Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to |
| the extent that it relates to items recognised in other comprehensive income or directly in equity. |
| Current or deferred taxation assets and liabilities are not discounted. |
| Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or |
| substantively enacted by the balance sheet date. |
| DEFERRED TAX |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
| sheet date. |
| Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from |
| those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that |
| have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the |
| timing difference. |
| Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they |
| will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
| PMW LEGAL LIMITED (REGISTERED NUMBER: 10199785) |
| Notes to the Financial Statements - continued |
| for the year ended 31 December 2017 |
| 2. | ACCOUNTING POLICIES - continued |
| FINANCIAL INSTRUMENTS |
| Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, |
| as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that |
| evidences a residual interest in the assets of the company after deducting all of its liabilities. |
| (i) Financial assets |
| Basic financial assets, including trade and other receivables, cash and bank balances are initially recognised at |
| transaction price, unless the arrangement constitutes a financial transaction, where the transaction is measured at |
| the present value of the future receipts discounted at a market rate of interest. |
| Such assets are subsequently carried at amortised cost using the effective interest method. |
| At the end of each reporting period financial assets measured at amortised cost are assessed for objective |
| evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying |
| amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. |
| The impairment loss is recognised in profit or loss. |
| If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised |
| the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the |
| carrying amount would have been had the impairment not previously been recognised. The impairment reversal |
| is recognised in profit or loss. |
| Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are |
| settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party, |
| or (c) control of the asset has been transferred to another party who has the practical ability to unilaterally sell the |
| asset to an unrelated third party without imposing additional restrictions. |
| (ii) Financial Liabilities |
| Basic financial liabilities, including trade and other payables, loans from fellow group companies that are |
| classified as debt, are initially recognised at transaction price, unless the arrangement constitutes a financing |
| transaction, where the debt instrument is measured at the present value of the future receipts discounted at a |
| market rate of interest. |
| Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. |
| Trade payables are obligations to pay for goods or services that have been acquired in the ordinary course of |
| business from suppliers. Accounts payable are classified as current liabilities if payment is due within one year |
| or less. If not, they are presented as non-current liabilities. Trade payables are recognised initially at transaction |
| price and subsequently measured at amortised cost using the effective interest method. |
| 3. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2017 | 2016 |
| £ | £ |
| Trade debtors |
| Amounts owed by group undertakings |
| Other debtors |
| PMW LEGAL LIMITED (REGISTERED NUMBER: 10199785) |
| Notes to the Financial Statements - continued |
| for the year ended 31 December 2017 |
| 4. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2017 | 2016 |
| £ | £ |
| Amounts owed to group undertakings |
| Taxation and social security |
| 5. | RESERVES |
| Retained |
| earnings |
| £ |
| At 1 January 2017 | ( |
) |
| Deficit for the year | ( |
) |
| At 31 December 2017 | ( |
) |