PCMM Holdings Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 10218783 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 JULY 2019 TO 31 DECEMBER 2020

FOR

PCMM HOLDINGS LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr P D Wilkinson

REGISTERED OFFICE:

19-20 Bourne Court

Southend Road

Woodford Green

Essex

IG8 8HD

REGISTERED NUMBER:

10218783 (England and Wales)

ACCOUNTANTS:

Raffingers LLP

Chartered Certified Accountants

19-20 Bourne Court

Southend Road

Woodford Green

Essex

IG8 8HD

FIXED ASSETS

Tangible assets

4

4,054

5,404

Investment property

5

3,456,063

3,456,063

3,460,117

3,461,467

CURRENT ASSETS

Debtors

6

197,563

(62,489

)

Cash at bank

55,941

8,959

253,504

(53,530

)

CREDITORS

Amounts falling due within one year

1,806,902

1,587,426

NET CURRENT LIABILITIES

(1,553,398

)

(1,640,956

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,906,719

1,820,511

CREDITORS

Amounts falling due after more than one year

7

1,953,393

1,884,461

NET LIABILITIES

(46,674

)

(63,950

)

CAPITAL AND RESERVES

Called up share capital

100

1

Retained earnings

(46,774

)

(63,951

)

SHAREHOLDERS' FUNDS

(46,674

)

(63,950

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2020.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 2020 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the period ended 31 December 2020 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 30 September 2021 and were signed by:

Mr P D Wilkinson - Director

1.	STATUTORY INFORMATION

PCMM Holdings Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The accounts have been prepared on the going concern basis as the director is of the opinion that the company will meet its liabilities as and when due, due to the continued support of the director.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% on reducing balance

Government grants

Government grants, including non-monetary grants shall not be recognised until there is reasonable assurance that:

(a) the entity will comply with the conditions attaching to them; and

(b) the grants will be received.

Investment property

Investment properties are properties held to earn rentals and for capital appreciation. Investment properties are initially measured at cost, including transaction costs. Subsequently investment properties are measured at fair value. Gains and losses arising from changes in the fair value of investment properties are included in profit or loss in the period in which they arise.

Taxation

Taxation for the period 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 period 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.

Short term debtors and creditors

Short term debtors and creditors with no stated interest rate are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account.

Loans and borrowings

Loans and borrowings are initially recognised at the transaction price including transactions costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL (2019 - NIL).

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 July 2019

and 31 December 2020

12,809

DEPRECIATION

At 1 July 2019

7,405

Charge for period

1,350

At 31 December 2020

8,755

NET BOOK VALUE

At 31 December 2020

4,054

At 30 June 2019

5,404

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 July 2019

and 31 December 2020

3,456,063

NET BOOK VALUE

At 31 December 2020

3,456,063

At 30 June 2019

3,456,063

Investment property was valued on an open market basis on 31 December 2020 by the director.

6.

DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2020

2019

£

£

Other debtors

28,219

34,530

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS

2020

2019

£

£

Repayable otherwise than by instalments

Bank loans

1,908,393

1,884,461

Repayable by instalments

Bank loans

5,000

-

8.	SECURED DEBTS

The following secured debts are included within creditors:

2020

2019

£

£

Bank loans

1,908,393

1,884,461

Bank loans includes a balance of £1,908,393 (2019 - £1,884,461) which are secured by a first fixed legal charge over the property.

9.	RELATED PARTY DISCLOSURES

At the balance sheet date, the company owed £1,469,074 (2019: £1,470,421) to Mr P D Wilkinson, the director.

Also at the balance sheet date, the company owed £16,453 (2019: nil) to Dendrow Homecare Limited and were owed £147,883 (2019: £101,754) by Dendro Limited. Both companies are connected by virtue of common control.