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REGISTERED NUMBER: 02489523 (England and Wales)

| FINANCIAL STATEMENTS |

| FOR THE YEAR ENDED 28 FEBRUARY 2025 |

| FOR |

| THE PROPERTY MANAGEMENT GROUP LIMITED |

THE PROPERTY MANAGEMENT GROUP LIMITED (REGISTERED NUMBER: 02489523)

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2025

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 4 |

Chartered Accountants' Report | 10 |

THE PROPERTY MANAGEMENT GROUP LIMITED

COMPANY INFORMATION

FOR THE YEAR ENDED 28 FEBRUARY 2025

| DIRECTORS: | Mrs J Rich

| D Rich

| SECRETARY: | D Rich

| REGISTERED OFFICE: | 182 Gloucester Road

| Bristol

| BS7 8NU

| REGISTERED NUMBER: | 02489523 (England and Wales)

| ACCOUNTANTS: | PJE Chartered Accountants

| 2 Oakfield Road

| Clifton

| Bristol

| BS8 2AL

THE PROPERTY MANAGEMENT GROUP LIMITED (REGISTERED NUMBER: 02489523)

BALANCE SHEET

28 FEBRUARY 2025

| 28.2.25 | 29.2.24 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 365,786 |  | 365,482 |  |

Investment property | 5 | 5,493,922 |  | 5,307,996 |  |

5,859,708 |  | 5,673,478 |  |

CURRENT ASSETS

Debtors | 6 | 5,758 |  | 28,640 |  |

Cash at bank and in hand | 288,908 |  | 291,995 |  |

294,666 |  | 320,635 |  |

CREDITORS

Amounts falling due within one year | 7 | 329,467 |  | 391,547 |  |

NET CURRENT LIABILITIES | (34,801 | ) | (70,912 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 5,824,907 |  | 5,602,566 |  |

CREDITORS

Amounts falling due after more than one year | 8 | (2,447,070 | ) | (2,447,900 | ) |

PROVISIONS FOR LIABILITIES | (458,213 | ) | (419,704 | ) |

NET ASSETS | 2,919,624 |  | 2,734,962 |  |

THE PROPERTY MANAGEMENT GROUP LIMITED (REGISTERED NUMBER: 02489523)

BALANCE SHEET - continued

28 FEBRUARY 2025

| 28.2.25 | 29.2.24 |

| Notes | £ | £ | £ | £ |

CAPITAL AND RESERVES

Called up share capital | 100 |  | 100 |  |

Non-distributable reserve | 12 | 2,375,767 |  | 2,375,767 |  |

Retained earnings | 543,757 |  | 359,095 |  |

SHAREHOLDERS' FUNDS | 2,919,624 |  | 2,734,962 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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 4 November 2025 and were signed on its behalf by:

D Rich - Director

THE PROPERTY MANAGEMENT GROUP LIMITED (REGISTERED NUMBER: 02489523)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2025

1. | STATUTORY INFORMATION

| The Property Management Group 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.

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

| Freehold property | - | not provided

| Fixtures and fittings | - | 33.3% on cost

| 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.

| 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.

THE PROPERTY MANAGEMENT GROUP LIMITED (REGISTERED NUMBER: 02489523)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 28 FEBRUARY 2025

2. | ACCOUNTING POLICIES - continued

| 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.

| 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 9 (2024 - 8 ) .

4. | TANGIBLE FIXED ASSETS

| Fixtures |

| Freehold |  | and |

| property |  | fittings |  | Totals

£ | £ | £ |

| COST

| At 1 March 2024 | 365,000 |  | 4,047 |  | 369,047 |  |

| Additions | - |  | 791 |  | 791 |  |

| Disposals | - |  | (1,110 | ) | (1,110 | ) |

| At 28 February 2025 | 365,000 |  | 3,728 |  | 368,728 |  |

| DEPRECIATION

| At 1 March 2024 | - |  | 3,565 |  | 3,565 |  |

| Charge for year | - |  | 487 |  | 487 |  |

| Eliminated on disposal | - |  | (1,110 | ) | (1,110 | ) |

| At 28 February 2025 | - |  | 2,942 |  | 2,942 |  |

| NET BOOK VALUE

| At 28 February 2025 | 365,000 |  | 786 |  | 365,786 |  |

| At 29 February 2024 | 365,000 |  | 482 |  | 365,482 |  |

THE PROPERTY MANAGEMENT GROUP LIMITED (REGISTERED NUMBER: 02489523)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 28 FEBRUARY 2025

5. | INVESTMENT PROPERTY

| Total

£ |

| FAIR VALUE

| At 1 March 2024 | 5,307,996 |  |

| Additions | 2,281 |  |

| Revaluations | 183,645 |  |

| At 28 February 2025 | 5,493,922 |  |

| NET BOOK VALUE

| At 28 February 2025 | 5,493,922 |  |

| At 29 February 2024 | 5,307,996 |  |

| Fair value at 28 February 2025 is represented by:

£ |

| Valuation in 2018 | 1,735,987 |  |

| Valuation in 2021 | 70,313 |  |

| Valuation in 2022 | 624,980 |  |

| Valuation in 2023 | 14,122 |  |

| Valuation in 2024 | 187,995 |  |

| Valuation in 2025 | 183,645 |  |

| Cost | 2,676,880 |  |

5,493,922 |  |

| The revaluation of property was undertaken in February 2025, by the directors.

6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 28.2.25 |  | 29.2.24

£ | £ |

| Trade debtors | 216 |  | 1,386 |  |

| Other debtors | - |  | 1,562 |  |

| Directors' loan accounts | - |  | 19,081 |  |

| Prepayments and accrued income | 5,542 |  | 6,611 |  |

5,758 |  | 28,640 |  |

THE PROPERTY MANAGEMENT GROUP LIMITED (REGISTERED NUMBER: 02489523)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 28 FEBRUARY 2025

7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 28.2.25 |  | 29.2.24

£ | £ |

| Bank loans and mortgages (see note 9) | - |  | 33,000 |  |

| Tenant deposits held | 252,547 |  | 244,023 |  |

| Tax | 29,195 |  | 32,535 |  |

| Social security and other taxes | 5,515 |  | 2,339 |  |

| VAT | 7,768 |  | 7,939 |  |

| Tenant's account | 29,523 |  | 51,212 |  |

| Other creditors | 4,194 |  | 10,499 |  |

| Directors' loan accounts | 725 |  | - |  |

| Accrued expenses | - |  | 10,000 |  |

329,467 |  | 391,547 |  |

8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

| 28.2.25 |  | 29.2.24

£ | £ |

| Bank loans (see note 9) | 2,447,070 |  | 2,447,900 |  |

| Amounts falling due in more than five years:

| Repayable otherwise than by instalments

| Mortgages | 2,447,070 |  | 2,273,348 |  |

9. | LOANS

| An analysis of the maturity of loans is given below:

| 28.2.25 |  | 29.2.24

£ | £ |

| Amounts falling due within one year or on demand:

| Mortgages | - |  | 33,000 |  |

| Amounts falling due between one and two years:

| Mortgages | - |  | 33,000 |  |

THE PROPERTY MANAGEMENT GROUP LIMITED (REGISTERED NUMBER: 02489523)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 28 FEBRUARY 2025

9. | LOANS - continued

| 28.2.25 |  | 29.2.24

£ | £ |

| Amounts falling due between two and five years:

| Mortgages | - |  | 141,552 |  |

| Amounts falling due in more than five years:

| Repayable otherwise than by instalments

| Mortgages | 2,447,070 |  | 2,273,348 |  |

10. | LEASING AGREEMENTS

| Minimum lease payments under non-cancellable operating leases fall due as follows:

| 28.2.25 |  | 29.2.24

£ | £ |

| Within one year | 5,768 |  | 10,785 |  |

| Between one and five years | 9,855 |  | 15,196 |  |

15,623 |  | 25,981 |  |

11. | SECURED DEBTS

| The following secured debts are included within creditors:

| 28.2.25 |  | 29.2.24

£ | £ |

| Bank loans | 2,447,070 |  | 2,480,900 |  |

| The mortgages are secured on the properties to which they relate.

12. | RESERVES

| Non-distributable

| reserve

£ |

| At 1 March 2024

| and 28 February 2025 | 2,375,767 |  |

THE PROPERTY MANAGEMENT GROUP LIMITED (REGISTERED NUMBER: 02489523)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 28 FEBRUARY 2025

13. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

| The following advances and credits to directors subsisted during the years ended 28 February 2025 and 29 February 2024:

| 28.2.25 |  | 29.2.24

£ | £ |

| D Rich and Mrs J Rich

| Balance outstanding at start of year | 19,082 |  | 27,408 |  |

| Amounts advanced | 45,194 |  | 51,674 |  |

| Amounts repaid | (65,000 | ) | (60,000 | ) |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | (724 | ) | 19,082 |  |

| The balance is unsecured, interest free and was repaid on 6 April 2024.

14. | ULTIMATE CONTROLLING PARTY

| The company is owned and controlled by the directors.

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS

ON THE UNAUDITED FINANCIAL STATEMENTS OF

THE PROPERTY MANAGEMENT GROUP LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of The Property Management Group Limited for the year ended 28 February 2025 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of The Property Management Group Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of The Property Management Group Limited and state those matters that we have agreed to state to the Board of Directors of The Property Management Group Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than The Property Management Group Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that The Property Management Group Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of The Property Management Group Limited. You consider that The Property Management Group Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of The Property Management Group Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

PJE Chartered Accountants

2 Oakfield Road

Clifton

Bristol

BS8 2AL

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS

ON THE UNAUDITED FINANCIAL STATEMENTS OF

THE PROPERTY MANAGEMENT GROUP LIMITED

4 November 2025