| REGISTERED NUMBER: |
| Unaudited Financial Statements for the Year Ended 30 September 2024 |
| for |
| P & M Properties (UK) Limited |
| REGISTERED NUMBER: |
| 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: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| 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 |
| CURRENT ASSETS |
| Debtors | 6 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 7 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES | 8 |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 9 |
| Non distributable reserves | ( |
) |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| 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 were approved by the Board of Directors and authorised for issue on |
| 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 |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| 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 |
| 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 |
| 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 |
| Additions |
| Disposals | ( |
) |
| Revaluations | 909,110 |
| At 30 September 2024 |
| NET BOOK VALUE |
| At 30 September 2024 |
| At 30 September 2023 |
| 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 |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 30.9.24 | 30.9.23 |
| £ | £ |
| Bank loans and overdrafts |
| Trade creditors |
| Amounts owed to participating interests | 1,911,020 | 1,911,020 |
| Taxation and social security |
| Other creditors |
| 8. | PROVISIONS FOR LIABILITIES |
| 30.9.24 | 30.9.23 |
| £ | £ |
| Deferred tax | 285,367 | 254,089 |
| Deferred tax |
| £ |
| Balance at 1 October 2023 |
| Provided during year |
| Balance at 30 September 2024 |
| 9. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 30.9.24 | 30.9.23 |
| value: | £ | £ |
| 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 |