Pamaber Properties Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: SC147392

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		627		1,114
Investment Properties	5		1,337,351		1,337,351

			1,337,978		1,338,465
CURRENT ASSETS
Debtors	6	1,506		4,604
Cash at bank and in hand		58,199		40,131

		59,705		44,735
Creditors: Amounts Falling Due Within One Year	7	(191,482 )		(192,964 )

NET CURRENT ASSETS (LIABILITIES)			(131,777 )		(148,229 )

TOTAL ASSETS LESS CURRENT LIABILITIES			1,206,201		1,190,236

NET ASSETS			1,206,201		1,190,236

CAPITAL AND RESERVES
Called up share capital	9		427,002		427,002
Fair value reserve	10		28,422		28,422
Profit and Loss Account			750,777		734,812

SHAREHOLDERS' FUNDS			1,206,201		1,190,236

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Pamaber Properties Limited

Balance Sheet (continued)

As At 30 April 2025

For the year ending 30 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr D G Abernethy

Director

06/10/2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Pamaber Properties Limited is a private company, limited by shares, incorporated in Scotland, registered number SC147392 . The registered office is 4 Circus Gardens, Edinburgh, EH3 6TN.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts. Turnover includes rental income earned from operating leases. Turnover from an operating lease is recognised on a straight line basis over the term of the lease.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold properties, at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Fixtures & Fittings	15% on cost
Computer Equipment	33% on cost

2.4. Investment Properties

Freehold investment properties, which include the value of capital enhancements, are initially measured at cost and subsequently measured, where fair value can be measured reliably, at fair value. Valuations are undertaken by independent professional valuers on a timely basis. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.

2.5. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.

Deferred tax is recognised in respect of all timing differences between the recognition of investment property gains and losses in the financial statements and their inclusion in tax assessments. Current and deferred tax assets and liabilities are not discounted.

2.6. Leased assets

Rental income on freehold investment property under the terms of the operating lease is recognised in the profit and loss account on a straight line basis over the term of the lease. Costs incurred with earning the lease income, including depreciation, are recognised as expenses. There are no non-cancellable operating leases entered into by the Company. All leases for properties in Scotland are in compliance with section 10 of the Private Housing (Tenancies) (Scotland) Act 2016. All leases for properties in England are in compliance with the Housing Act 1988 as amended by Part III of the Housing Act 1996.

2.7. Debtors

Short term debtors are measured at transaction price (whihc is usually the invoice price), less any impairment losses for bad and doubtful debts.

2.8. Creditors

Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initally recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method, with the exception of Directors loans.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 4 (2024: 4)

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Pamaber Properties Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 April 2025

4. Tangible Assets

	Fixtures & Fittings	Computer Equipment	Total
	£	£	£
Cost or Valuation
As at 1 May 2024	28,690	1,499	30,189
Disposals	(598 )	(1,499 )	(2,097 )

As at 30 April 2025	28,092	-	28,092

Depreciation
As at 1 May 2024	27,576	1,499	29,075
Provided during the period	414	-	414
Disposals	(525 )	(1,499 )	(2,024 )

As at 30 April 2025	27,465	-	27,465

Net Book Value
As at 30 April 2025	627	-	627

As at 1 May 2024	1,114	-	1,114

5. Investment Property

	2025
	£
Fair Value
As at 1 May 2024 and 30 April 2025	1,337,351

The company's freehold investment property portfolio was revalued at market value to £1,335,000 by two professional valuation companies - DM Hall Chartered Surveyors on 22 March 2024 (properties in Scotland) and Standley Estates on 25 March 2024 (properties in England). No depreciation is charged on freehold investment property.

The historical cost of the freehold investment property is £1,938,704.

6. Debtors

	2025	2024
	£	£
Due within one year
Prepayments and accrued income	697	780
Other debtors	809	3,824

	1,506	4,604

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	314	3,131
Corporation tax	3,839	4,178
Other taxes and social security	377	-
Other creditors	143,658	142,584
Accruals and deferred income	4,683	4,460
Directors' loan accounts	38,611	38,611

	191,482	192,964

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Pamaber Properties Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 April 2025

8. Deferred Taxation

At 30 April 2025 the company had unrecognised deferred tax assets of £181,298 in respect of :

Capital losses carried forward of £123,840 and

Deductible temporary differences of £601,353 arising from the carrying value of investment properties below their tax base.

These deferred tax assets have not been recognised as it is not currently possible to determine with sufficient certainty when suitable future capital gains will arise against which the losses and temporary differences can be utilised.

9. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	427,002	427,002

10. Reserves

	Fair Value Reserve
	£
As at 1 May 2024	28,422

As at 30 April 2025	28,422

11. Related Party Transactions

Within Other Creditors is a loan of £140,000 provided by Pamaber Lothian Ltd, an entity in which a Director is a member of the key management personnel. Interest is payable at 2.36% per annum - a rate that was available on the market at the time the loan was entered into. The loan is measured at amortised cost, and is repayable on demand. The balance due at 30 April 2025, including interest due, was £143,346.

At 1 May 2024, the company had a loan balance brought forward of £38,611 due to a Director. This amount was outstanding at the year end. The loan is interest-free and repayable on demand.

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