PMRD Limited (formerly Peter Martin Residential Developments Limited) Filleted accounts for Companies House (small and micro)

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COMPANY REGISTRATION NUMBER: 10767721

PMRD Limited (formerly Peter Martin Residential Developments Limited)

Filleted Unaudited Financial Statements

31 May 2018

PMRD Limited (formerly Peter Martin Residential Developments Limited)

Financial Statements

Period from 12 May 2017 to 31 May 2018

Contents	Page

Chartered certified accountants report to the director on the preparation of the unaudited statutory financial statements	1

Statement of financial position	2

Notes to the financial statements	4

PMRD Limited (formerly Peter Martin Residential Developments Limited)

Chartered Certified Accountants Report to the Director on the Preparation of the Unaudited Statutory Financial Statements of PMRD Limited (formerly Peter Martin Residential Developments Limited)

Period from 12 May 2017 to 31 May 2018

As described on the statement of financial position, the director of the company is responsible for the preparation of the financial statements for the period ended 31 May 2018, which comprise the statement of financial position and the related notes. You consider that the company is exempt from an audit under the Companies Act 2006. In accordance with your instructions we have compiled these financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to us.

COMPLETE ACCOUNTING SOLUTIONS Chartered Certified Accountants

727-729 High Road London N12 0BP

PMRD Limited (formerly Peter Martin Residential Developments Limited)

Statement of Financial Position

31 May 2018

	31 May 18
Note	£

Fixed assets

Tangible assets	4	851

Current assets

Debtors	5	30,754
Cash at bank and in hand		35,168
		--------
		65,922

Creditors: amounts falling due within one year	6	68,966
		--------
Net current liabilities		3,044
		-------
Total assets less current liabilities		( 2,193)
		-------
Net liabilities		( 2,193)
		-------

Capital and reserves

Called up share capital	1
Profit and loss account	( 2,194)
	-------
Shareholders funds	( 2,193)
	-------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

For the period ending 31 May 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

PMRD Limited (formerly Peter Martin Residential Developments Limited)

Statement of Financial Position (continued)

31 May 2018

These financial statements were approved by the board of directors and authorised for issue on 12 February 2019 , and are signed on behalf of the board by:

P Martin
Director

Company registration number: 10767721

PMRD Limited (formerly Peter Martin Residential Developments Limited)

Notes to the Financial Statements

Period from 12 May 2017 to 31 May 2018

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 727-729 High Road, London, N12 0BP.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

In my opinion, on the basis of information and enquiries that are pertinent to the company's circumstances and which I believe to be adequate, it is appropriate to continue to treat the company as a going concern. In particular I believe that adequate cash resources will be available to cover the company's requirements for working capital for at least twelve months from the date of signing the financial statements.

Judgements and key sources of estimation uncertainty

No significant judgements have had to be made by the directors in preparing these financial statements.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

	Office Equipment	-	33% straight line

4. Tangible assets

	Equipment
	£
Cost
At 12 May 2017	–
Additions	875
	----
At 31 May 2018	875
	----
Depreciation
At 12 May 2017	–
Charge for the period	24
	----
At 31 May 2018	24
	----
Carrying amount
At 31 May 2018	851
	----

5. Debtors

	31 May 18
	£
Other debtors	30,754
	--------

6. Creditors: amounts falling due within one year

	31 May 18
	£
Trade creditors	60,691
Corporation tax	1,084
Social security and other taxes	913
Other creditors	6,278
	--------
	68,966
	--------