REGISTERED NUMBER: 03295098 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 April 2025

for

Property Building Maintenance

(Wales) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Directors:

E R Griffiths

G E Griffiths

Mrs H L James

Secretary:

Mrs C Griffiths

Registered office:

Islawen Farm

Pencoed

Nr Bridgend

Mid Glamorgan

CF35 6SP

Registered number:

03295098 (England and Wales)

Accountants:

Curtis Bowden & Thomas Limited

Chartered Certified Accountants

101 Dunraven Street

Tonypandy

CF40 1AR

Fixed assets

Tangible assets

4

1,153,656

1,160,259

Investment property

5

236,544

-

1,390,200

1,160,259

Current assets

Stocks

100,000

468,333

Debtors

6

1,153,888

514,572

Cash at bank

1,766,254

1,409,733

3,020,142

2,392,638

Creditors

Amounts falling due within one year

7

1,488,369

1,169,100

Net current assets

1,531,773

1,223,538

Total assets less current liabilities

2,921,973

2,383,797

Creditors

Amounts falling due after more than one year

8

-

(11,204

)

Provisions for liabilities

(120,319

)

(127,849

)

Net assets

2,801,654

2,244,744

Capital and reserves

Called up share capital

100

100

Retained earnings

2,801,554

2,244,644

Shareholders' funds

2,801,654

2,244,744

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 3 November 2025 and were signed on its behalf by:

G E Griffiths - Director

1.	Statutory information

Property Building Maintenance (Wales) 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.

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

-

0% on land & 2% on buildings

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks and work in progress

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	Employees and directors

The average number of employees during the year was 95 (2024 - 86 ) .

4.	Tangible fixed assets

Improvements

Freehold

to

Plant and

property

property

machinery

£

£

£

Cost

At 1 May 2024

645,928

5,040

40,585

Additions

-

58,644

9,622

Disposals

-

-

-

At 30 April 2025

645,928

63,684

50,207

Depreciation

At 1 May 2024

2,919

504

25,546

Charge for year

2,918

6,318

6,165

Eliminated on disposal

-

-

-

At 30 April 2025

5,837

6,822

31,711

Net book value

At 30 April 2025

640,091

56,862

18,496

At 30 April 2024

643,009

4,536

15,039

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

Cost

At 1 May 2024

11,085

1,111,517

22,548

1,836,703

Additions

9,069

98,275

3,604

179,214

Disposals

-

(88,998

)

-

(88,998

)

At 30 April 2025

20,154

1,120,794

26,152

1,926,919

Depreciation

At 1 May 2024

8,266

625,289

13,920

676,444

Charge for year

2,975

140,040

3,058

161,474

Eliminated on disposal

-

(64,655

)

-

(64,655

)

At 30 April 2025

11,241

700,674

16,978

773,263

Net book value

At 30 April 2025

8,913

420,120

9,174

1,153,656

At 30 April 2024

2,819

486,228

8,628

1,160,259

5.	Investment property

Total

£

Fair value

Additions

236,544

At 30 April 2025

236,544

Net book value

At 30 April 2025

236,544

6.

Debtors: amounts falling due within one year

30.4.25

30.4.24

£

£

Trade debtors

1,153,888

514,572

7.

Creditors: amounts falling due within one year

30.4.25

30.4.24

£

£

Hire purchase contracts

11,204

39,047

Trade creditors

776,675

656,072

Taxation and social security

609,965

395,225

Other creditors

90,525

78,756

1,488,369

1,169,100

8.

Creditors: amounts falling due after more than one year

30.4.25

30.4.24

£

£

Hire purchase contracts

-

11,204

9.	Ultimate controlling party

The ultimate controlling party is Mr E Griffiths by virtue of his ownership of 96% of the ordinary share capital of the company.