REGISTERED NUMBER: |
PBM PROPERTY LIMITED |
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 |
REGISTERED NUMBER: |
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: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
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 |
Investment property | 5 |
CURRENT ASSETS |
Debtors | 6 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 7 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
8 |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 10 |
Share premium |
Revaluation reserve | 11 |
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. |
PBM PROPERTY LIMITED (REGISTERED NUMBER: 10799917) |
STATEMENT OF FINANCIAL POSITION - continued |
31 MARCH 2025 |
The financial statements were approved by the Board of Directors and authorised for issue on |
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 |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
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 |
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 |
DEPRECIATION |
At 1 April 2024 |
Charge for year |
At 31 March 2025 |
NET BOOK VALUE |
At 31 March 2025 |
At 31 March 2024 |
5. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
At 1 April 2024 |
and 31 March 2025 |
NET BOOK VALUE |
At 31 March 2025 |
At 31 March 2024 |
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 |
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 |
Other creditors |
8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
2025 | 2024 |
£ | £ |
Bank loans |
Other creditors |
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 |
Other loans |
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: | £ | £ |
Ordinary | £1 | 400 | 400 |
11. | RESERVES |
Revaluation |
reserve |
£ |
At 1 April 2024 |
and 31 March 2025 |
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 |
£ | £ |
Balance outstanding at start of year |
Amounts repaid |
Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of year |
Balance outstanding at start of year |
Amounts repaid |
Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of year |
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. |
Whitby Court |
Abbey Road |
Shepley |
HUDDERSFIELD |
West Yorkshire |
HD8 8EL |