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REGISTERED NUMBER: 08137817 (England and Wales)
















Unaudited Financial Statements for the Year Ended 28th February 2023

for

PGMP LIMITED

PGMP LIMITED (REGISTERED NUMBER: 08137817)






Contents of the Financial Statements
for the Year Ended 28th February 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PGMP LIMITED

Company Information
for the Year Ended 28th February 2023







DIRECTORS: L C Pearce
S J Goldsmith
P W McMichael





REGISTERED OFFICE: 38 Salisbury Road
Worthing
West Sussex
BN11 1RD





REGISTERED NUMBER: 08137817 (England and Wales)





ACCOUNTANTS: MastersFuller
Chartered Certified Accountants
38 Salisbury Road
Worthing
West Sussex
BN11 1RD

PGMP LIMITED (REGISTERED NUMBER: 08137817)

Balance Sheet
28th February 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investments 4 539,558 539,558
Investment property 5 2,003,300 1,268,034
2,542,858 1,807,592

CURRENT ASSETS
Debtors 6 10,750 -
Cash at bank 1,102,109 82,934
1,112,859 82,934
CREDITORS
Amounts falling due within one year 7 123,383 36,426
NET CURRENT ASSETS 989,476 46,508
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,532,334

1,854,100

CREDITORS
Amounts falling due after more than one
year

8

(1,654,860

)

(678,689

)

PROVISIONS FOR LIABILITIES (139,073 ) -
NET ASSETS 1,738,401 1,175,411

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Fair value reserve 10 592,893 -
Retained earnings 1,144,508 1,174,411
SHAREHOLDERS' FUNDS 1,738,401 1,175,411

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28th February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28th February 2023 in accordance with Section 476 of the Companies Act 2006.

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.

PGMP LIMITED (REGISTERED NUMBER: 08137817)

Balance Sheet - continued
28th February 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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 and authorised for issue on 31st May 2023 and were signed on its behalf by:





L C Pearce - Director


PGMP LIMITED (REGISTERED NUMBER: 08137817)

Notes to the Financial Statements
for the Year Ended 28th February 2023

1. STATUTORY INFORMATION

PGMP 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.

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 as modified by the revaluation of certain assets.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in the fair value reserve.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1st March 2022
and 28th February 2023 539,558
NET BOOK VALUE
At 28th February 2023 539,558
At 28th February 2022 539,558

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st March 2022 1,268,034
Additions 3,300
Revaluations 731,966
At 28th February 2023 2,003,300
NET BOOK VALUE
At 28th February 2023 2,003,300
At 28th February 2022 1,268,034

PGMP LIMITED (REGISTERED NUMBER: 08137817)

Notes to the Financial Statements - continued
for the Year Ended 28th February 2023

5. INVESTMENT PROPERTY - continued

Fair value at 28th February 2023 is represented by:
£   
Valuation in 2023 731,966
Cost 1,271,334
2,003,300

If the investment property had not been revalued it would have been included at the following historical cost:

2023 2022
£    £   
Cost 1,331,334 1,268,034

Investment property was valued on an open market basis on 28th February 2023 by the directors .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 10,750 -

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans & overdrafts 122,500 21,200
Taxation and social security 34 14,325
Other creditors 849 901
123,383 36,426

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 1,260,563 284,392
Amounts owed to group undertakings 394,297 394,297
1,654,860 678,689

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 1,383,063 305,592

The bank loan is secured by a charge over the investment property.

PGMP LIMITED (REGISTERED NUMBER: 08137817)

Notes to the Financial Statements - continued
for the Year Ended 28th February 2023

10. RESERVES
Fair
value
reserve
£   
Revaluation reserve increase 731,966
Deferred tax (139,073 )

At 28th February 2023 592,893