Registered number
01493676
Pimass Limited
Filleted Accounts
31 March 2025

Pimass Limited
Registered number: | 01493676
Balance Sheet
as at 31 March 2025
Notes |  |  | 2025 |  |  | 2024
£ | £
Fixed assets
Tangible assets | 3 |  |  | 50,261 |  |  | 12,887
Investments | 4 |  |  | 3,862,000 |  |  | 5,247,000
|  |  |  | 3,912,261 |  |  | 5,259,887
Current assets
Debtors | 5 |  | 946 |  |  | 7,515
Cash at bank and in hand |  |  | 4,988,837 |  |  | 3,197,685
|  |  | 4,989,783 |  |  | 3,205,200
Creditors: amounts falling due within one year | 6 |  | (57,128) |  |  | (53,516)
Net current assets |  |  |  | 4,932,655 |  |  | 3,151,684
Net assets |  |  |  | 8,844,916 |  |  | 8,411,571
Capital and reserves
Called up share capital |  |  |  | 100 |  |  | 100
Profit and loss account |  |  |  | 8,844,816 |  |  | 8,411,471
Shareholders' funds |  |  |  | 8,844,916 |  |  | 8,411,571
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
P Mullane
Director
Approved by the board on 8 September 2025

Pimass Limited
Notes to the Accounts
for the year ended 31 March 2025
1 | Accounting policies
| Basis of preparation
| The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
| Turnover
| Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover includes the value of stock items which have been reclassified as part of the sale processes of the business. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover from asset reclassification is recognised at fair value.
| Tangible fixed assets
| Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
| Plant and machinery | 15% reducing balance
| Motor vehicles | 25% reducing balance
| Investment Property
| The company holds property for the purposes of investment and this is disclosed as such on the balance sheet. Investment properties are properties which are held either to earn rental income or for capital appreciation or for both. The investment property is initially measured at cost including related transaction costs. Property originally held as trading stock at cost is revalued to fair value on reclassification and transfer to investment property. After initial recognition the investment property is carried at fair value determined annually by the directors. Changes in fair value are recognised in profit or loss.
| Debtors
| Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
| Creditors
| Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
| Taxation
| 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 income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted. Deferred taxation is provided for at 25% as that was the legislated rate at the balance sheet date.
2 | Employees | 2025 |  | 2024
Number | Number
| Average number of persons employed by the company | 2 |  | 2
3 | Tangible fixed assets
|  |  |  | Plant and machinery etc |  | Motor vehicles |  | Total
£ | £ | £
| Cost
| At 1 April 2024 | 75,210 |  | 67,707 |  | 142,917
| Additions | - |  | 60,015 |  | 60,015
| Disposals | - |  | (33,702) |  | (33,702)
| At 31 March 2025 | 75,210 |  | 94,020 |  | 169,230
| Depreciation
| At 1 April 2024 | 74,374 |  | 55,656 |  | 130,030
| Charge for the year | 125 |  | 16,517 |  | 16,642
| On disposals | - |  | (27,703) |  | (27,703)
| At 31 March 2025 | 74,499 |  | 44,470 |  | 118,969
| Net book value
| At 31 March 2025 | 711 |  | 49,550 |  | 50,261
| At 31 March 2024 | 836 |  | 12,051 |  | 12,887
4 | Investments
Other
investments
£
| Cost
| At 1 April 2024 | 5,247,000
| Revaluation | 222,000
| Disposals | (1,607,000)
| At 31 March 2025 | 3,862,000
| Historical cost
| At 1 April 2024 | 5,220,000
| At 31 March 2025 | 3,640,000
5 | Debtors | 2025 |  | 2024
£ | £
| Other debtors | 946 |  | 7,515
6 | Creditors: amounts falling due within one year | 2025 |  | 2024
£ | £
| Taxation and social security costs | 55,228 |  | 51,616
| Other creditors | 1,900 |  | 1,900
|  |  |  |  |  | 57,128 |  | 53,516
7 | Other information
| Pimass Limited is a private company limited by shares and incorporated in England. Its registered office is:
| Vale Croft House
| 4 Vale Croft
| Claygate
| Surrey
| KT10 ONX

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