Company No: 08108759 (England and Wales)

Contents

• Statement of Financial Position
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	3	36,880		51,557
Investment property	4	385,000		380,000
		421,880		431,557
Current assets
Debtors	5	374,283		394,534
Cash at bank and in hand		122,749		276,194
		497,032		670,728
Creditors: amounts falling due within one year	6	( 105,517)		( 198,213)
Net current assets		391,515		472,515
Total assets less current liabilities		813,395		904,072
Creditors: amounts falling due after more than one year	7	( 252,194)		( 267,828)
Provision for liabilities		( 950)		( 806)
Net assets		560,251		635,438
Capital and reserves
Called-up share capital	8	100		100
Profit and loss account		560,151		635,338
Total shareholder's funds		560,251		635,438

For the financial year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The member has not required the company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of P3R Engineers Limited (registered number: 08108759) were approved and authorised for issue by the Board of Directors. They were signed on its behalf by:

M B Popper Director

09 December 2025

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

P3R Engineers Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the company's registered office is 70 Cowcross Street, London, EC1M 6EJ, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include investment properties at fair value, in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

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

Turnover

Turnover is recognised at the fair value of the consideration receivable for services provided in the normal course of business, and is shown net of VAT.

Rent and other income receivable from tenants is recognised on a time apportioned basis and excludes value added tax.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.

Deferred tax
Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the income statement, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Land and buildings	5 years straight line
Plant and machinery etc.	5 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Statement of Financial Position date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments. Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Financial assets
Basic financial liabilities, including trade and other payables, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the
arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Trade payables are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade payables are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of
ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

Financial liabilities
Basic financial liabilities, including trade and other payables, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the
arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Trade payables are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade payables are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the company during the year, including directors	9		11

3. Tangible assets

	Land and buildings		Plant and machinery etc.		Total
	£		£		£
Cost
At 01 April 2024	13,420		95,177		108,597
Additions	0		1,282		1,282
At 31 March 2025	13,420		96,459		109,879
Accumulated depreciation
At 01 April 2024	7,684		49,356		57,040
Charge for the financial year	2,684		13,275		15,959
At 31 March 2025	10,368		62,631		72,999
Net book value
At 31 March 2025	3,052		33,828		36,880
At 31 March 2024	5,736		45,821		51,557

4. Investment property

	Investment property
	£
Valuation
As at 01 April 2024	380,000
Fair value movement	5,000
As at 31 March 2025	385,000

Valuation

The investment property was valued by the directors on 31 March 2025 on an open market basis by reference to market evidence of transaction prices of similar properties.

5. Debtors

	2025		2024
	£		£
Trade debtors	47,455		228,296
Corporation tax	0		711
Other debtors	326,828		165,527
	374,283		394,534

6. Creditors: amounts falling due within one year

	2025		2024
	£		£
Bank loans	11,000		11,000
Trade creditors	33,039		34,459
Corporation tax	12,000		19,625
Other taxation and social security	43,324		76,221
Obligations under finance leases and hire purchase contracts	0		4,517
Other creditors	6,154		52,391
	105,517		198,213

Bank loans of £1,000 (2024 - £1,000) are secured by way of fixed and floating charges over the property and undertakings of the company.

7. Creditors: amounts falling due after more than one year

	2025		2024
	£		£
Bank loans	252,194		262,954
Obligations under finance leases and hire purchase contracts	0		4,874
	252,194		267,828

Bank loans of £248,028 (2024 - £248,788) are secured by way of fixed and floating charges over the property and undertakings of the company.

8. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
10,000 Class 1 ordinary shares of £ 0.01 each (2024: 100 shares of £ 1.00 each)	100		100

9. Financial commitments

Commitments

Capital commitments are as follows:

	2025		2024
	£		£
Contracted for but not provided for:
Other	42,038		21,019

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

10. Related party transactions

Other receivables include £286,669 (2024 - £94,221) due from the director, which was repaid to the company in April 2025. This amount is unsecured and repayable on demand with interest charged at a commercial rate.