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REGISTERED NUMBER: SC245406 (Scotland)















Unaudited Financial Statements for the Year Ended 30 November 2023

for

PMR Investments Limited

PMR Investments Limited (Registered number: SC245406)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PMR Investments Limited

Company Information
for the Year Ended 30 November 2023







DIRECTORS: J W M Manclark
R M S Milne



REGISTERED OFFICE: 7 Hopetoun Crescent
Edinburgh
EH7 4AY



REGISTERED NUMBER: SC245406 (Scotland)



ACCOUNTANTS: Jeffrey Crawford & Co
Chartered Accountants
25 Castle Terrace
Edinburgh
EH1 2ER



SOLICITORS: Milne & Co WS
7 Hopetoun Crescent
Edinburgh
EH7 4AY

PMR Investments Limited (Registered number: SC245406)

Balance Sheet
30 November 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 1,032,000 1,032,000

CURRENT ASSETS
Debtors 5 28,689 37,460
Cash at bank 213,869 180,094
242,558 217,554
CREDITORS
Amounts falling due within one year 6 9,082 8,677
NET CURRENT ASSETS 233,476 208,877
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,265,476

1,240,877

PROVISIONS FOR LIABILITIES 108,800 82,688
NET ASSETS 1,156,676 1,158,189

CAPITAL AND RESERVES
Called up share capital 1 1
Fair value reserve 7 429,160 455,272
Retained earnings 7 727,515 702,916
SHAREHOLDERS' FUNDS 1,156,676 1,158,189

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

PMR Investments Limited (Registered number: SC245406)

Balance Sheet - continued
30 November 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 29 August 2024 and were signed on its behalf by:





R M S Milne - Director


PMR Investments Limited (Registered number: SC245406)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

PMR Investments Limited is a private company, limited by shares , registered in Scotland. 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 as modified by the revaluation of certain assets.

Significant judgements and estimates
Preparing the financial statements may require the directors to make significant judgements and estimates. There were no items in the financial statements where these judgements and estimates were require other than the directors review of the fair value of the investment properties.

Turnover
Turnover consists of rent and is recognised on a time-apportioned basis.

Investment property
Investment properties are properties held to earn rentals and/or for capital appreciation. Investment properties are initially measured at cost, including transaction costs.

Subsequently investment properties whose fair value can be measured reliably on an on-going basis 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.

Investment properties whose fair value cannot be measured reliably are included in plant, property and equipment at cost less accumulated depreciation and accumulated impairment losses.

Financial instruments
The following assets and liabilities are classified as financial instruments - trade debtors, trade creditors and directors' loans.

Directors' loans (being repayable on demand), trade debtors and trade creditors are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

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.

3. EMPLOYEES AND DIRECTORS

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

PMR Investments Limited (Registered number: SC245406)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 December 2022
and 30 November 2023 1,032,000
NET BOOK VALUE
At 30 November 2023 1,032,000
At 30 November 2022 1,032,000

Investment properties are stated at the directors' estimate of fair value at the balance sheet date. The directors did not consider that there had been any significant movement in the value during the period.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed by group undertakings 24,166 32,937
Other debtors 4,523 4,523
28,689 37,460

Amounts due from group undertakings are interest free, unsecured and repayable on demand.

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 7,157 6,063
Other creditors 1,925 2,614
9,082 8,677

7. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 1 December 2022 702,916 455,272 1,158,188
Deficit for the year (1,513 ) (1,513 )
Movement in deferred tax 26,112 (26,112 ) -
At 30 November 2023 727,515 429,160 1,156,675

8. ULTIMATE CONTROLLING PARTY

The controlling party is Knowe Properties Limited.

The ultimate controlling party is J W M Manclark.