REGISTERED NUMBER: 04980325 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2024

for

PMS PROPERTIES (UK) LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

Sukhveer Singh

REGISTERED OFFICE:

2A Bishopton Close

Shirley

Solihull

West Midlands

B90 4AH

REGISTERED NUMBER:

04980325 (England and Wales)

ACCOUNTANTS:

Brindleys Limited

2 Wheeleys Road

Edgbaston

Birmingham

West Midlands

B15 2LD

FIXED ASSETS

Tangible assets

4

614,198

609,319

CURRENT ASSETS

Debtors

5

559

1,615

Cash at bank

9,182

1,588

9,741

3,203

CREDITORS

Amounts falling due within one year

6

251,491

242,601

NET CURRENT LIABILITIES

(241,750

)

(239,398

)

TOTAL ASSETS LESS CURRENT LIABILITIES

372,448

369,921

CREDITORS

Amounts falling due after more than one year

7

(260,101

)

(269,196

)

PROVISIONS FOR LIABILITIES

9

(10,000

)

(9,774

)

NET ASSETS

102,347

90,951

CAPITAL AND RESERVES

Called up share capital

10

6

6

Retained earnings

11

102,341

90,945

SHAREHOLDERS' FUNDS

102,347

90,951

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

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

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 3 September 2025 and were signed by:

Sukhveer Singh - Director

1.	STATUTORY INFORMATION

PMS 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 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.

Freehold property

-

Not depreciated

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 (2023 - NIL).

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

and

property

fittings

Totals

£

£

£

COST OR VALUATION

At 1 January 2024

608,512

950

609,462

Additions

5,000

-

5,000

At 31 December 2024

613,512

950

614,462

DEPRECIATION

At 1 January 2024

-

143

143

Charge for year

-

121

121

At 31 December 2024

-

264

264

NET BOOK VALUE

At 31 December 2024

613,512

686

614,198

At 31 December 2023

608,512

807

609,319

Cost or valuation at 31 December 2024 is represented by:

Fixtures

Freehold

and

property

fittings

Totals

£

£

£

Valuation in 2020

40,000

-

40,000

Cost

573,512

950

574,462

613,512

950

614,462

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

2024

2023

£

£

Cost

568,512

568,512

Freehold properties were valued on a fair value basis on 31 December 2020 by the director .

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Prepayments

559

1,615

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts (see note 8)

10,969

12,843

Trade creditors

-

759

Corporation tax

2,353

-

Directors' current accounts

232,329

228,279

Accrued expenses

5,840

720

251,491

242,601

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans (see note 8)

260,101

269,196

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

229,467

228,205

8.

LOANS

An analysis of the maturity of loans is given below:

2024

2023

£

£

Amounts falling due within one year or on demand:

Bank loans

10,969

12,843

Amounts falling due between one and two years:

Bank loans - 1-2 years

9,806

12,843

Amounts falling due between two and five years:

Bank loans - 2-5 years

20,828

28,148

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

229,467

228,205

9.	PROVISIONS FOR LIABILITIES

2024

2023

£

£

Deferred tax

10,000

9,774

Deferred

tax

£

Balance at 1 January 2024

9,774

Provided during year

226

Balance at 31 December 2024

10,000

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

6

Ordinary

£1

6

6

11.

RESERVES

Retained

earnings

£

At 1 January 2024

90,945

Profit for the year

11,396

At 31 December 2024

102,341