Registered Number
:
04202585
|
For the year ended 31 March 2022
England and Wales
Unaudited Financial Statements
For the year ended 31 March 2022
PBMS (Torquay) Limited
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
PBMS (Torquay) Limited
Statement of Financial Position
2021
2022
Property
,
plant and equipment
|
244,431
244,686
2
244,431
244,686
Trade and other receivables
|
791
707
4
136,549
Cash and cash equivalents
|
140,226
140,933
137,340
Trade and other payables
:
amounts falling due within one
|
year
|
(13,506)
(12,231)
5
123,834
128,702
Net current assets
Total assets less current liabilities
|
373,133
368,520
(15,162)
(15,227)
Provisions for liabilities
|
357,971
Net assets
353,293
2
2
357,969
353,291
357,971
353,293
Shareholders' funds
For the year ended 31 March 2022 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 of its financial statements for the year ended 31 March 2022 in accordance with Section 476 of the Companies Act 2006
|
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
|
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 have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
|
Mr Christopher Bettesworth Director
|
These financial statements were approved and authorised for issue by the Board on 30 November 2022 and were signed by:
|
The notes form part of these financial statements
|
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For the year ended 31 March 2022
PBMS (Torquay) Limited
Notes to the Financial Statements
Statutory Information
PBMS
(
Torquay
)
Limited is a private limited company
,
limited by shares
,
domiciled in England and Wales
,
registration
|
number
04202585
.
|
29-30 Fleet Street
Torquay
Devon
TQ1 1BB
The presentation currency is £ sterling
.
|
Basis of preparing the financial statements
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
|
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
|
Land and buildings
Plant and machinery
No depreciation is provided on the company
''
s freehold properties since in the opinion of the directors the expected
|
useful lives are sufficiently long and the estimated residual values are sufficiently high that any such depreciation
|
would be immaterial
.
The directors undertake an annual impairment review of these properties
.
|
Investment property
Investment properties are included in the balance sheet at their open market value at the balance sheet date. The resulting aggregate surplus or deficit is transferred to a revaluation reserve. Depreciation is provided only on those investment properties which are leasehold and where the unexpired lease term is less than 20 years. Although this accounting policy is in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015), it is a departure from the general requirement of the Companies Act 2006 for all tangible assets to be depreciated. In the opinion of the directors compliance with the standard is necessary for the financial statements to give a true and fair view. Depreciation or amortisation is only one of many factors reflected in the annual valuation and the amount of this which might otherwise have been charged cannot be separately identified or quantified.
|
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.
|
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For the year ended 31 March 2022
PBMS (Torquay) Limited
Notes to the Financial Statements Continued
2
.
Property
,
plant and equipment
|
255,336
11,669
243,667
243,667
11,669
255,336
Provision for depreciation and impairment
|
10,650
10,650
-
Charge for year
255
255
-
10,905
10,905
-
243,667
764
244,431
243,667
1,019
244,686
3
.
Investments held as fixed assets
|
4
.
Trade and other receivables
|
2021
2022
707
791
5
.
Trade and other payables
:
amounts falling due within one year
|
2021
2022
2,000
-
Taxation and social security
|
2,198
2,521
8,033
10,985
12,231
13,506
6
.
Related party transactions
|
The company was under the control of C S P Bettesworth during this year.
7
.
Average number of persons employed
|
During the year the average number of employees was 2 (2021 : 2)
3 of 3