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REGISTERED NUMBER: 02890214 (England and Wales)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2024

FOR

PROPERTY & INVESTMENT MANAGEMENT LIMITED

PROPERTY & INVESTMENT MANAGEMENT LIMITED (REGISTERED NUMBER: 02890214)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PROPERTY & INVESTMENT MANAGEMENT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2024







DIRECTOR: P J Marsh MRICS





SECRETARY: P J Marsh MRICS





REGISTERED OFFICE: 39 Windsor End
Old Town
Beaconsfield
Buckinghamshire
HP9 2JN





REGISTERED NUMBER: 02890214 (England and Wales)





ACCOUNTANTS: N S Lucas & Co
The Courtyard
80 High Street
Amersham
Buckinghamshire
HP7 0DS

PROPERTY & INVESTMENT MANAGEMENT LIMITED (REGISTERED NUMBER: 02890214)

BALANCE SHEET
31 OCTOBER 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 9,011,861 9,545,802
Investments 5 120,000 120,000
9,131,861 9,665,802

CURRENT ASSETS
Debtors 6 200,356 1,571,578
Investments 7 1 1
Cash at bank and in hand 1,224,803 2,574,250
1,425,160 4,145,829
CREDITORS
Amounts falling due within one year 8 395,263 391,095
NET CURRENT ASSETS 1,029,897 3,754,734
TOTAL ASSETS LESS CURRENT
LIABILITIES

10,161,758

13,420,536

CREDITORS
Amounts falling due after more than one
year

9

(9,035,665

)

(963,268

)

PROVISIONS FOR LIABILITIES 10 (21,600 ) (21,600 )
NET ASSETS 1,104,493 12,435,668

CAPITAL AND RESERVES
Called up share capital 11 1,000,000 1,000,000
Share premium 12 - 4,483,048
Undistributable reserves 12 - 41,786
Retained earnings 12 104,493 6,910,834
SHAREHOLDERS' FUNDS 1,104,493 12,435,668

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

PROPERTY & INVESTMENT MANAGEMENT LIMITED (REGISTERED NUMBER: 02890214)

BALANCE SHEET - continued
31 OCTOBER 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 director and authorised for issue on 21 July 2025 and were signed by:





P J Marsh MRICS - Director


PROPERTY & INVESTMENT MANAGEMENT LIMITED (REGISTERED NUMBER: 02890214)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

1. STATUTORY INFORMATION

Property & Investment Management 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 for the revaluation of investment properties.

Turnover
Turnover comprises gross rents receivable, excluding value added tax.


Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - not provided
Plant and machinery etc - 25% on reducing balance

Land and buildings, which include freehold and long leasehold properties, represent investment properties which have been stated at fair value by the directors, in accordance with FRS102.

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.

Operating leases
For operating leases, where the risks and rewards of ownership remain with the lessor, rental charges are charged to the profit and loss account on a straight line basis over the life of the lease.

Pension costs and other post-retirement benefits
The company operates defined contribution pension schemes. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Current asset investments
Current asset investments have been stated at historical cost with diminutions in value charged to the profit and loss account.

PROPERTY & INVESTMENT MANAGEMENT LIMITED (REGISTERED NUMBER: 02890214)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Land and Furniture
Buildings & Equipment Totals
£    £    £   
COST
At 1 November 2023 9,545,320 23,715 9,569,035
Disposals (533,820 ) - (533,820 )
At 31 October 2024 9,011,500 23,715 9,035,215
DEPRECIATION
At 1 November 2023 - 23,233 23,233
Charge for year - 121 121
At 31 October 2024 - 23,354 23,354
NET BOOK VALUE
At 31 October 2024 9,011,500 361 9,011,861
At 31 October 2023 9,545,320 482 9,545,802

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 November 2023
and 31 October 2024 120,000
NET BOOK VALUE
At 31 October 2024 120,000
At 31 October 2023 120,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 118,072 93,193
Other debtors 64,436 1,461,299
VAT 11,502 -
Prepayments 6,346 17,086
200,356 1,571,578

7. CURRENT ASSET INVESTMENTS
2024 2023
£    £   
Unlisted investment at valuation 1 1

PROPERTY & INVESTMENT MANAGEMENT LIMITED (REGISTERED NUMBER: 02890214)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other loan (unsecured) 21,138 46,442
Tax 83,257 60,771
Social security and other taxes - 5,020
Other creditors 19,848 5,945
Due to subsidiary companies 120,000 120,000
Rent deposits held 14,982 14,982
Accruals and deferred income 136,038 137,935
395,263 391,095

Rent deposits held are represented by individual and specific bank accounts.


9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Loan Stock - 963,268
Inter company loan - Xanit
Holdings Ltd 9,035,665 -
9,035,665 963,268

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Loan Stock - 963,268
Inter company loan - Xanit
Holdings Ltd 9,035,665 -
9,035,665 963,268

The unsecured loans above represented formal loan stock, carrying interest at market rates payable by monthly or quarterly instalments. These loans were repaid during the year as part of the group reconstruction.

10. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 21,600 21,600

Deferred
tax
£   
Balance at 1 November 2023 21,600
Balance at 31 October 2024 21,600

PROPERTY & INVESTMENT MANAGEMENT LIMITED (REGISTERED NUMBER: 02890214)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1,000,000 Ordinary £1 1,000,000 1,000,000

12. RESERVES
Retained Share Undistributable
earnings premium reserves Totals
£    £    £    £   

At 1 November 2023 6,910,834 4,483,048 41,786 11,435,668
Profit for the year 104,493 104,493
Dividends (11,435,668 ) (11,435,668 )
Released on disposal of
property 41,786 - (41,786 ) -
Capital reduction realignment 4,483,048 (4,483,048 ) - -
At 31 October 2024 104,493 - - 104,493

13. RELATED PARTY DISCLOSURES

The Company contracts with Philip Marsh Collins Deung Limited in respect of the provision of property management and advisory services. P J Marsh is a director and shareholder in Philip Marsh Collins Deung Limited and during the year fees of £45,052 have been paid to that Company..

14. ULTIMATE PARENT COMPANY

Following a group reconstruction in October 2024, the Director now considers the ultimate controlling entity for the Property & Investment Management Limited group to be Xanit Holdings Ltd, a company incorporated in the UK, company no. 15968915.

15. SUBSIDIARIES

Property & Investment Management Limited has two wholly owned subsidiaries, The Bridge Property Company Limited and Bridge Benington Ltd , which are incorporated in England and Wales.


Property & Investment Management Limited has taken advantage of the exemption to prepare group accounts under S.398 of the Companies Act 2006, on the grounds that the Group constitutes a small group.