PVM Consulting Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 10679097 (England and Wales)

PVM CONSULTING LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs V H Muir

P D Muir

REGISTERED OFFICE:

2nd Floor, One Hobbs House

Harrovian Business Village

Bessborough Road

Harrow

HA1 3EX

REGISTERED NUMBER:

10679097 (England and Wales)

ACCOUNTANTS:

Albury Associates Limited

2nd Floor, One Hobbs House,

Harrovian Business Village

Bessborough Road

Harrow

Middlesex

HA1 3EX

FIXED ASSETS

Tangible assets

4

-

2,215

Investment property

5

452,681

471,000

452,681

473,215

CURRENT ASSETS

Debtors

6

32,500

Cash at bank

7,813

9,543

40,313

42,043

CREDITORS

Amounts falling due within one year

7

296,099

306,671

NET CURRENT LIABILITIES

(255,786

)

(264,628

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

196,895

208,587

CREDITORS

Amounts falling due after more than one year

8

(164,250

)

(164,250

)

PROVISIONS FOR LIABILITIES

-

(3,481

)

NET ASSETS

32,645

40,856

CAPITAL AND RESERVES

Called up share capital

10

400

Revaluation reserve

11

-

14,838

Retained earnings

11

32,245

25,618

SHAREHOLDERS' FUNDS

32,645

40,856

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

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.

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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 October 2025 and were signed on its behalf by:

P D Muir - Director

1.	STATUTORY INFORMATION

PVM Consulting 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.

Revenues are recognised when the rental properties are occupied by tenants.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

33% on cost and 25% on cost

Investment property

Although the Companies Act require the systematic annual depreciation of fixed assets, the directors believe the policy of not providing depreciation is necessary in order for the financial statements to give a true and fair view, since the current value of properties, and changes to that value, are of primary importance rather a calculation of systematic annual depreciation. Depreciation is only one of the many factors reflected in the annual valuation and the amount that might otherwise have been included cannot be separately identified or quantified.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

and 31 March 2025

7,450

DEPRECIATION

At 1 April 2024

5,235

Charge for year

2,215

At 31 March 2025

7,450

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

2,215

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

471,000

Impairments

(18,319

)

At 31 March 2025

452,681

NET BOOK VALUE

At 31 March 2025

452,681

At 31 March 2024

471,000

Fair value at 31 March 2025 is represented by:

£

Valuation in 2023

452,681

Valuation in 2024

18,319

Valuation in 2025

(18,319

)

452,681

The investment properties comprise two separate properties. One of the leasehold properties was revalued by the Directors at the year end to its fair value of £227,681, based on their online research. The fair value is equal to the property’s original cost, and the Directors consider this to be a reasonable reflection of market conditions, given the static nature of the property market in recent periods. The other investment property continues to be stated at cost.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Other debtors

32,500

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Taxation and social security

1,999

2,258

Other creditors

294,100

304,413

296,099

306,671

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

Other creditors

164,250

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Other loans more 5yrs non-inst

164,250

9.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

Other loans

164,250

Other loan is secured by way of a fixed charge over the company's property Flat 142, 411 Digbeth Square, Birmingham, B12 0QD.

10.	CALLED UP SHARE CAPITAL

Allotted and issued:

Number:

Class:

Nominal

2025

2024

value:

£

100

Ordinary A

£1

100

Ordinary B

£1

100

Ordinary C

£1

100

Ordinary D

£1

100

400

The issued Share Capital rank pari passu in all respects.

11.

RESERVES

Retained

Revaluation

earnings

reserve

Totals

£

At 1 April 2024

25,618

14,838

40,456

Profit for the year

6,627

Revaluation during the year

-

(14,838

)

(14,838

)

At 31 March 2025

32,245

-

32,245

12.	RELATED PARTY DISCLOSURES

At the year end, included within creditors, amount falling due within one year, is an amount of £99,461 (2023: £115,317) owed to the director V H Muir.

At the year end, included within creditors, amount falling due within one year, is an amount of £190,390 (2023: £185,021) owed to the director P D Muir.

These amounts are unsecured, interest free and repayable on demand.

13.	ULTIMATE CONTROLLING PARTY

The ultimate controlling parties are Paul Muir and Victoria Muir.