PDW CONSULTING LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31ST OCTOBER 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Accountants' Report

8

DIRECTORS:

P D Wilson

Mrs M Wilson

REGISTERED OFFICE:

First Floor, Woburn Court

2 Railton Road

Woburn Road Industrial Estate, Kempston

Bedford

Bedfordshire

MK42 7PN

REGISTERED NUMBER:

09510817 (England and Wales)

ACCOUNTANTS:

HW Bedford Limited

Trading as Haines Watts

First Floor, Woburn Court

2 Railton Road

Woburn Rd Ind Est

Kempston

Bedfordshire

MK42 7PN

FIXED ASSETS

Intangible assets

4

12,528

13,057

Tangible assets

5

64,260

131,997

Investment property

6

1,000,000

1,000,000

1,076,788

1,145,054

CURRENT ASSETS

Debtors

7

2,635,651

2,508,231

Investments

8

190,000

-

Cash at bank

4,074,300

3,115,081

6,899,951

5,623,312

CREDITORS

Amounts falling due within one year

9

1,635,049

564,562

NET CURRENT ASSETS

5,264,902

5,058,750

TOTAL ASSETS LESS CURRENT LIABILITIES

6,341,690

6,203,804

PROVISIONS FOR LIABILITIES

44,630

61,564

NET ASSETS

6,297,060

6,142,240

CAPITAL AND RESERVES

Called up share capital

201

201

Other reserves

85,696

85,696

Retained earnings

6,211,163

6,056,343

SHAREHOLDERS' FUNDS

6,297,060

6,142,240

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st October 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 8th December 2025 and were signed on its behalf by:

P D Wilson - Director

1.	STATUTORY INFORMATION

PDW 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.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Preparation of consolidated financial statements

The financial statements contain information about PDW Consulting Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover

Turnover represents rental income and associated recharges received on investment properties, stated net of value added tax.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Licence plates are being amortised evenly over their estimated useful life of twenty five years.

Tangible fixed assets

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

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

Investment property

Investment properties are measured at fair value at each reporting date with changes in fair value recognised in profit or loss. No formal valuation has taken place during the year by a professional independent valuer. The current fair value is based on a recognised valuation model.

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.

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 2 (2024 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Licence

plates

£

COST

At 1st November 2024

and 31st October 2025

13,233

AMORTISATION

At 1st November 2024

176

Amortisation for year

529

At 31st October 2025

705

NET BOOK VALUE

At 31st October 2025

12,528

At 31st October 2024

13,057

5.	TANGIBLE FIXED ASSETS

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1st November 2024

160,326

1,222

161,548

Additions

-

833

833

Disposals

(75,543

)

-

(75,543

)

At 31st October 2025

84,783

2,055

86,838

DEPRECIATION

At 1st November 2024

28,329

1,222

29,551

Charge for year

21,196

160

21,356

Eliminated on disposal

(28,329

)

-

(28,329

)

At 31st October 2025

21,196

1,382

22,578

NET BOOK VALUE

At 31st October 2025

63,587

673

64,260

At 31st October 2024

131,997

-

131,997

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1st November 2024

and 31st October 2025

1,000,000

NET BOOK VALUE

At 31st October 2025

1,000,000

At 31st October 2024

1,000,000

Included in fair value of investment property is freehold land of £ 300,000 (2024 - £ 300,000 ) which is not depreciated.

Fair value at 31st October 2025 is represented by:

£

Valuation in 2023

234,221

Cost

765,779

1,000,000

If the investment property had not been revalued it would have been included at the following historical cost:

2025

2024

£

£

Cost

765,779

765,779

Investment property was valued on fair value basis on 31st October 2025 by the directors .

7.

DEBTORS

2025

2024

£

£

Amounts falling due within one year:

Trade debtors

-

240,000

VAT

15,176

-

15,176

240,000

Amounts falling due after more than one year:

PDW Investments Ltd

2,620,475

2,268,231

Aggregate amounts

2,635,651

2,508,231

8.	CURRENT ASSET INVESTMENTS

2025

2024

£

£

Other investments

190,000

-

9.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

1,520

-

Amounts owed to group undertakings

209,745

209,745

Amounts owed to participating interests

1,247,000

147,000

Corporation tax

84,873

73,908

VAT

-

50,605

Directors' current accounts

89,611

78,004

Accruals and deferred income

2,300

5,300

1,635,049

564,562

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 Statement of Comprehensive Income 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 PDW Consulting Limited for the year ended 31st October 2025 which comprise the Statement of Comprehensive Income, Balance Sheet, Statement of Changes in Equity 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 PDW Consulting 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 PDW Consulting Limited and state those matters that we have agreed to state to the Board of Directors of PDW Consulting 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 PDW Consulting Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that PDW Consulting 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 PDW Consulting Limited. You consider that PDW Consulting 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 PDW Consulting 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.

HW Bedford Limited

Trading as Haines Watts

First Floor, Woburn Court

2 Railton Road

Woburn Rd Ind Est

Kempston

Bedfordshire

MK42 7PN

8th December 2025