| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 5 APRIL 2025 |
| FOR |
| P.N.G. LIMITED |
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 5 APRIL 2025 |
| FOR |
| P.N.G. LIMITED |
| P.N.G. LIMITED (REGISTERED NUMBER: 00251722) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 5 APRIL 2025 |
| Page |
| Company Information | 1 |
| Statement of Financial Position | 2 |
| Notes to the Financial Statements | 4 |
| P.N.G. LIMITED |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 5 APRIL 2025 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| 34 Waterloo Road |
| Wolverhampton |
| West Midlands |
| WV1 4DG |
| P.N.G. LIMITED (REGISTERED NUMBER: 00251722) |
| STATEMENT OF FINANCIAL POSITION |
| 5 APRIL 2025 |
| 2025 | 2024 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Investments | 4 |
| CURRENT ASSETS |
| Debtors | 5 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Fair value reserve | 7 |
| Retained earnings | 7 |
| 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.N.G. LIMITED (REGISTERED NUMBER: 00251722) |
| STATEMENT OF FINANCIAL POSITION - continued |
| 5 APRIL 2025 |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| P.N.G. LIMITED (REGISTERED NUMBER: 00251722) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 5 APRIL 2025 |
| 1. | STATUTORY INFORMATION |
| P.N.G. Limited is a |
| The presentation currency of the financial statements is the Pound Sterling (£). |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover represents investment income received and 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 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. |
| Consolidation |
| The accounts present information as an individual company and not as a group. |
| The company and its subsidiary company comprise a small group. The company has therefore taken advantage of the exemptions provided by section 398 of the Companies Act 2006 not to prepare group accounts. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| P.N.G. LIMITED (REGISTERED NUMBER: 00251722) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 5 APRIL 2025 |
| 4. | FIXED ASSET INVESTMENTS |
| Listed | Unlisted |
| investments | investments | Totals |
| £ | £ | £ |
| COST OR VALUATION |
| At 6 April 2024 | 442,982 |
| Revaluations | ( |
) | (27,240 | ) |
| At 5 April 2025 | 415,742 |
| NET BOOK VALUE |
| At 5 April 2025 | 415,742 |
| At 5 April 2024 | 442,982 |
| Cost or valuation at 5 April 2025 is represented by: |
| Listed | Unlisted |
| investments | investments | Totals |
| £ | £ | £ |
| Valuation in 2021 | 438,280 | 13,287 | 451,567 |
| Valuation in 2022 | 4,597 | - | 4,597 |
| Valuation in 2024 | (13,182 | ) | - | (13,182 | ) |
| Valuation in 2025 | (27,240 | ) | - | (27,240 | ) |
| 402,455 | 13,287 | 415,742 |
| Listed investments have been valued on an open market basis as at the balance sheet date. |
| Unlisted investments reflect the cost of the investment in the subsidiary James Turner (Builders) Limited. |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2025 | 2024 |
| £ | £ |
| Amount due from subsidiary company | 194 | 152 |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2025 | 2024 |
| £ | £ |
| Trade creditors |
| Directors' loan accounts | 4,084 | 3,384 |
| P.N.G. LIMITED (REGISTERED NUMBER: 00251722) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 5 APRIL 2025 |
| 7. | RESERVES |
| Fair |
| Retained | value |
| earnings | reserve | Totals |
| £ | £ | £ |
| At 6 April 2024 | 400,837 |
| Profit for the year |
| Dividends | ( |
) | ( |
) |
| Listed Investments | - | (27,240 | ) | (27,240 | ) |
| At 5 April 2025 | 371,725 |