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REGISTERED NUMBER: 10799917 (England and Wales)















PBM PROPERTY LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025






PBM PROPERTY LIMITED (REGISTERED NUMBER: 10799917)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4

Report of the Accountants 9

PBM PROPERTY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2025







DIRECTORS: P B Cooper
J P Kaye
G M Stedman
A Smith





REGISTERED OFFICE: Whitby Court
Abbey Road
Shepley
HUDDERSFIELD
West Yorskhire
HD8 8EL





REGISTERED NUMBER: 10799917 (England and Wales)





ACCOUNTANTS: FINLAYSON & CO
Whitby Court
Abbey Road
Shepley
HUDDERSFIELD
West Yorkshire
HD8 8EL

PBM PROPERTY LIMITED (REGISTERED NUMBER: 10799917)

STATEMENT OF FINANCIAL POSITION
31 MARCH 2025

2025 2024
Notes £    £    £   
FIXED ASSETS
Property, plant and equipment 4 15,032 15,240
Investment property 5 1,243,701 1,243,701
1,258,733 1,258,941

CURRENT ASSETS
Debtors 6 100 100
Cash at bank 19,561 3,596
19,661 3,696
CREDITORS
Amounts falling due within one year 7 216,971 216,972
NET CURRENT LIABILITIES (197,310 ) (213,276 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,061,423

1,045,665

CREDITORS
Amounts falling due after more than one
year

8

871,353

871,905
NET ASSETS 190,070 173,760

CAPITAL AND RESERVES
Called up share capital 10 400 400
Share premium 4,900 4,900
Revaluation reserve 11 176,956 176,956
Retained earnings 7,814 (8,496 )
SHAREHOLDERS' FUNDS 190,070 173,760

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

PBM PROPERTY LIMITED (REGISTERED NUMBER: 10799917)

STATEMENT OF FINANCIAL POSITION - continued
31 MARCH 2025


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 20 May 2025 and were signed on its behalf by:




P B Cooper - Director J P Kaye - Director




G M Stedman - Director A Smith - Director


PBM PROPERTY LIMITED (REGISTERED NUMBER: 10799917)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

1. STATUTORY INFORMATION

Pbm Property 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.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statments are rounded to the nearest £.

Turnover
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 NIL (2024 - NIL).

PBM PROPERTY LIMITED (REGISTERED NUMBER: 10799917)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025

4. PROPERTY, PLANT AND EQUIPMENT
Improvements Fixtures
to and
property Fittings Totals
£    £    £   
COST
At 1 April 2024
and 31 March 2025 15,030 1,432 16,462
DEPRECIATION
At 1 April 2024 - 1,222 1,222
Charge for year - 208 208
At 31 March 2025 - 1,430 1,430
NET BOOK VALUE
At 31 March 2025 15,030 2 15,032
At 31 March 2024 15,030 210 15,240

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2024
and 31 March 2025 1,243,701
NET BOOK VALUE
At 31 March 2025 1,243,701
At 31 March 2024 1,243,701

Fair value at 31 March 2025 is represented by:
£   
Valuation in 2019 39,381
Valuation in 2022 137,575
Cost 1,066,745
1,243,701

If Investment properties had not been revalued they would have been included at the following historical cost:

2025 2024
£    £   
Cost 923,316 923,316

Investment properties were valued on an open market basis on 31 March 2022 by the directors .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Other debtors 100 100

PBM PROPERTY LIMITED (REGISTERED NUMBER: 10799917)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Bank loans and overdrafts 556 556
Other creditors 216,415 216,416
216,971 216,972

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2025 2024
£    £   
Bank loans 2,315 2,870
Other creditors 869,038 869,035
871,353 871,905

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 92 647
Other loans more 5yrs instal 869,038 869,035
869,130 869,682

PBM PROPERTY LIMITED (REGISTERED NUMBER: 10799917)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025

9. SECURED DEBTS

The following secured debts are included within creditors:

2025 2024
£    £   
Bank loans 2,871 3,426
Other loans 977,038 997,035
979,909 1,000,461

Paragon Bank PLC holds a fixed charge on 14 Ravensknowle Road, Huddersfield, HD5 8BN registered under title number WYK379347 registered on 5th January 2018.

Paragon Bank PLC holds a fixed charge on 99 Prospect Road, Huddersfield, HD3 4VZ registered under title number MD1413H registered on 10th May 2018.

Paragon Bank PLC holds a fixed charge on 49 Royds Avenue, Huddersfield, HD7 5QU registered under title number WYK779441 registered on 8th June 2018.

Aldermore Bank PLC holds a fixed charge on 26 Carr Top Lane, Huddersfield, HD7 4JB registered under title number WYK157205 registered on 11th November 2022.

Paragon Bank PLC holds a fixed charge on 3 Richmond Court, Huddersfield, HD4 5XE registered under title number WYK124617 registered on 28th May 2021.

Paragon Bank PLC holds a fixed charge on 41 Wessenden Head Road, Holmfirth, HD9 4ET registered under title number WYK57466 registered on 14th October 2021.

Paragon Bank PLC holds a fixed charge on 9 Broadlands, Holmfirth, HD9 5RB registered under title number WYK677640 registered on 29th October 2021.

Paragon Bank PLC holds a fixed charge on 39 Southern Road, Huddersfield, HD4 5TJ registered under title number WYK714259 registered on 30th June 2022.

Paragon Bank PLC holds a fixed charge on 75 Town End, Huddersfield, HD7 4QA registered under title number WYK23552 registered on 21st July 2023.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2025 2024
value: £    £   
400 Ordinary £1 400 400

11. RESERVES
Revaluation
reserve
£   
At 1 April 2024
and 31 March 2025 176,956

PBM PROPERTY LIMITED (REGISTERED NUMBER: 10799917)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2025 and 31 March 2024:

2025 2024
£    £   
P B Cooper
Balance outstanding at start of year 50 50
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 50 50

A Smith
Balance outstanding at start of year 50 50
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 50 50

13. RELATED PARTY DISCLOSURES

During the year the company was loaned £NIL (2024: £NIL) by CPS Financial Solutions Ltd, a company controlled by P Cooper and A Smith. At the year end £108,000 (2024: £108,000) was outstanding.

PBM PROPERTY LIMITED

REPORT OF THE ACCOUNTANTS TO THE DIRECTORS OF
PBM PROPERTY LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Statement of Financial Position you are responsible for the preparation of the financial statements for the year ended 31 March 2025 set out on pages two to seven and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






FINLAYSON & CO
Whitby Court
Abbey Road
Shepley
HUDDERSFIELD
West Yorkshire
HD8 8EL


20 May 2025