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REGISTERED NUMBER: 03893392 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 September 2024

for

P & M Properties (UK) Limited

P & M Properties (UK) Limited (Registered number: 03893392)

Contents of the Financial Statements
for the Year Ended 30 September 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


P & M Properties (UK) Limited

Company Information
for the Year Ended 30 September 2024







DIRECTORS: Mr M R Goldberger
Mr P A Goldberger
Mrs I Goldberger
Mrs H P Goldberger





SECRETARY: Mr P A Goldberger





REGISTERED OFFICE: 5 North End Road
London
NW11 7RJ





REGISTERED NUMBER: 03893392 (England and Wales)





ACCOUNTANTS: Martin+Heller
5 North End Road
London
NW11 7RJ

P & M Properties (UK) Limited (Registered number: 03893392)

Balance Sheet
30 September 2024

30.9.24 30.9.23
Notes £ £ £ £
FIXED ASSETS
Investments 4 - -
Investment property 5 20,387,675 17,445,380
20,387,675 17,445,380

CURRENT ASSETS
Debtors 6 357,524 446,490
Cash at bank and in hand 1,232,781 619,281
1,590,305 1,065,771
CREDITORS
Amounts falling due within one year 7 7,691,039 5,231,827
NET CURRENT LIABILITIES (6,100,734 ) (4,166,056 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

14,286,941

13,279,324

PROVISIONS FOR LIABILITIES 8 285,367 254,089
NET ASSETS 14,001,574 13,025,235

CAPITAL AND RESERVES
Called up share capital 9 2 2
Non distributable reserves 701,160 (176,671 )
Retained earnings 13,300,412 13,201,904
SHAREHOLDERS' FUNDS 14,001,574 13,025,235

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 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.

P & M Properties (UK) Limited (Registered number: 03893392)

Balance Sheet - continued
30 September 2024


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 24 June 2025 and were signed on its behalf by:





Mr M R Goldberger - Director


P & M Properties (UK) Limited (Registered number: 03893392)

Notes to the Financial Statements
for the Year Ended 30 September 2024


1. STATUTORY INFORMATION

P & M Properties (UK) 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.

Turnover
Turnover represents net rental income and service charges receivable..

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

P & M Properties (UK) Limited (Registered number: 03893392)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024


4. FIXED ASSET INVESTMENTS
Interest in
joint
venture
£
COST
At 1 October 2023
and 30 September 2024 25
PROVISIONS
At 1 October 2023
and 30 September 2024 25
NET BOOK VALUE
At 30 September 2024 -
At 30 September 2023 -

5. INVESTMENT PROPERTY
Total
£
FAIR VALUE
At 1 October 2023 17,445,380
Additions 2,531,805
Disposals (498,620 )
Revaluations 909,110
At 30 September 2024 20,387,675
NET BOOK VALUE
At 30 September 2024 20,387,675
At 30 September 2023 17,445,380

Fair value at 30 September 2024 is represented by:
£
Valuation in 2015 2,948,836
Valuation in 2016 366,968
Valuation in 2017 211,997
Valuation in 2018 1,517,020
Valuation in 2019 (373,078 )
Valuation in 2020 (1,337,940 )
Valuation in 2021 256,283
Valuation in 2022 (2,898,975 )
Valuation in 2023 (613,693 )
Valuation in 2024 909,110
Cost 19,401,147
20,387,675

P & M Properties (UK) Limited (Registered number: 03893392)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£ £
Amounts owed by participating interests 103,174 305,420
Other debtors 254,350 141,070
357,524 446,490

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£ £
Bank loans and overdrafts 5,290,898 2,869,160
Trade creditors 17,620 26,989
Amounts owed to participating interests 1,911,020 1,911,020
Taxation and social security 35,918 67,637
Other creditors 435,583 357,021
7,691,039 5,231,827

8. PROVISIONS FOR LIABILITIES
30.9.24 30.9.23
£ £
Deferred tax 285,367 254,089

Deferred tax
£
Balance at 1 October 2023 254,089
Provided during year 31,278
Balance at 30 September 2024 285,367

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.9.24 30.9.23
value: £ £
2 Ordinary Share 1 2 2

10. RELATED PARTY DISCLOSURES

P & M Properties (UK) Limited and Castlemarsh Limited are two companies under common control.

At the year end the amount owed to Castlemarsh Limited was £1,911,020 (2023:£1,911,020).

11. ULTIMATE CONTROLLING PARTY

The controlling parties of the company are Mr P A Goldberger, Mrs H P Goldberger, Mr M R Goldberger and Mrs I Goldberger each of whom own 25% of the issued share capital of the company.

P & M Properties (UK) Limited (Registered number: 03893392)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024


12. PARTICULARS OF PRINCIPAL JOINT VENTURES.

The joint ventures are managed jointly through management boards on which the other joint venture partners are represented in accordance with ultimate interests held in the joint venture:

Name of joint venture Address of principal Interest in
place of business joint capital

Mewspark Properties 1st Floor 50.00%
Limited 9 White Lion Street
London N1 9PD

Gardenia Properties Limited 1st Floor 33.33%
9 White Lion Street
London N1 9PD


Shorts Gardens LLP 1st Floor 25.00%
9 White Lion Street
London N1 9PD