REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
FINANCIAL STATEMENTS |
|
FOR THE YEAR ENDED 31ST DECEMBER 2019 |
|
FOR |
|
PENSION MANAGEMENT SERVICES LTD |
REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
FINANCIAL STATEMENTS |
|
FOR THE YEAR ENDED 31ST DECEMBER 2019 |
|
FOR |
|
PENSION MANAGEMENT SERVICES LTD |
PENSION MANAGEMENT SERVICES LTD (REGISTERED NUMBER: 07649540) |
|
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31ST DECEMBER 2019 |
|
|
|
|
|
|
|
|
|
|
Page |
|
Company Information | 1 |
|
Balance Sheet | 2 |
|
Notes to the Financial Statements | 3 |
|
PENSION MANAGEMENT SERVICES LTD |
|
COMPANY INFORMATION |
FOR THE YEAR ENDED 31ST DECEMBER 2019 |
|
|
|
|
|
|
|
DIRECTOR: |
|
|
|
|
|
|
REGISTERED OFFICE: |
|
|
|
|
|
|
|
|
|
REGISTERED NUMBER: |
|
|
|
|
|
|
AUDITORS: |
|
Suite 3, The Hamilton Centre |
Rodney Way |
Chelmsford |
Essex |
CM1 3BY |
PENSION MANAGEMENT SERVICES LTD (REGISTERED NUMBER: 07649540) |
|
BALANCE SHEET |
31ST DECEMBER 2019 |
|
2019 | 2018 |
Notes | £ | £ |
FIXED ASSETS |
Investments | 4 |
|
|
|
CURRENT ASSETS |
Cash at bank |
|
|
|
CREDITORS |
Amounts falling due within one year | 5 | ( |
) | ( |
) |
NET CURRENT ASSETS |
|
|
TOTAL ASSETS LESS CURRENT
LIABILITIES |
|
|
|
CAPITAL AND RESERVES |
Called up share capital | 6 |
|
|
Retained earnings | 7 |
|
|
SHAREHOLDERS' FUNDS |
|
|
|
|
|
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
by: |
|
|
|
|
|
|
|
PENSION MANAGEMENT SERVICES LTD (REGISTERED NUMBER: 07649540) |
|
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31ST DECEMBER 2019 |
|
|
1. | STATUTORY INFORMATION |
|
Pension Management Services Ltd is a
|
The company's registered number and registered office address can be found on the Company Information page. |
|
2. | ACCOUNTING POLICIES |
|
Basis of preparing the financial statements |
|
|
Investments in subsidiaries |
Investments in subsidiary undertakings are recognised at cost. |
|
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. As a holding |
company with minimal activity it is not deemed appropriate to provide for a deferred tax asset that could arise |
from the losses carried forward. |
|
Going concern |
The company has sufficient cash held at the bank to cover the liabilities as presented on the balance sheet, |
accordingly the director continues to adopt the going concern basis in preparing the accounts. |
|
3. | EMPLOYEES AND DIRECTORS |
|
The average number of employees during the year was NIL (2018 - NIL). |
PENSION MANAGEMENT SERVICES LTD (REGISTERED NUMBER: 07649540) |
|
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31ST DECEMBER 2019 |
|
|
4. | FIXED ASSET INVESTMENTS |
Shares in |
group |
undertakings |
£ |
COST |
At 1st January 2019 |
and 31st December 2019 |
|
NET BOOK VALUE |
At 31st December 2019 |
|
At 31st December 2018 |
|
|
The company's investments at the Balance Sheet date in the share capital of companies include the following: |
|
Cornhill Corporation LLP |
|
The investment represents the company's holding in Cornhill Corporation LLP. |
|
The total members' interests of the partnership as at 31 December 2019 were £172,346 (2018: £218,462). |
|
The loss for the year ended 31 December 2019 was £46,116 (2018: £205,514). |
|
5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2019 | 2018 |
£ | £ |
Amounts owed to group undertakings |
|
|
|
6. | CALLED UP SHARE CAPITAL |
|
|
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2019 | 2018 |
value: | £ | £ |
|
Ordinary | £1 | 1,000 | 1,000 |
|
7. | RESERVES |
Retained |
earnings |
£ |
|
At 1st January 2019 |
|
Profit for the year |
|
At 31st December 2019 |
|
PENSION MANAGEMENT SERVICES LTD (REGISTERED NUMBER: 07649540) |
|
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31ST DECEMBER 2019 |
|
|
8. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
|
The Report of the Auditors was unqualified. |
|
|
for and on behalf of
|
|
9. | ULTIMATE CONTROLLING PARTY |
|
During the period the Company was controlled by the Director, under the ultimate ownership of the Trustees of |
The Adelie Charitable Trust. |
|
The Adelie Charitable Trust provided funding for the initial investments made by the Company. At the balance |
sheet date the company owed The Adelie Charitable Trust £nil (2018: £28,110). This amount is shown within |
amounts owed to group undertakings. The loan balance was written off to the profit and loss account during the |
year. |