Pimlico Holdings Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 10671289 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Pimlico Holdings Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs S J P Campbell

Mr M Campbell

Mr S J Derry

SECRETARY:

Mrs S J P Campbell

REGISTERED OFFICE:

Botanica Nursery Crown Lane

Farnham Royal

Slough

Berkshire

SL2 3SG

REGISTERED NUMBER:

10671289 (England and Wales)

ACCOUNTANTS:

Wilson Partners Limited

Chartered Accountants

TOR

Saint-Cloud Way

Maidenhead

Berkshire

SL6 8BN

FIXED ASSETS

Investments

4

2,600,000

CURRENT ASSETS

Cash at bank

962

2,702

CREDITORS

Amounts falling due within one year

5

(10,931

)

(8,617

)

NET CURRENT LIABILITIES

(9,969

)

(5,915

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,590,031

2,594,085

CAPITAL AND RESERVES

Called up share capital

102

Share premium

1,299,949

Other reserves

2,758

-

Retained earnings

1,287,222

1,294,034

2,590,031

2,594,085

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 28 November 2025 and were signed on its behalf by:

Mr M Campbell - Director

1.	STATUTORY INFORMATION

Pimlico Holdings 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Significant judgements and estimates

In the application of the company's accounting policies the directors are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

The company does not make significant estimates and assumptions concerning the future.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost less any impairment in value.

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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Equity settled share options

Certain employees of the Company receive remuneration in the form of awards of options in respect of shares in Pimlico Holdings Limited, whereby they render services in exchange for such equity-based awards.

The cost of the services to be received from employees and the corresponding increase in the share options reserve are measured with reference to the fair value of the parent company's shares on the date on which the equity-based awards are granted.

The cost of these equity-based awards is recognised in profit or loss, together with a corresponding increase in total equity under share options reserve, over the vesting period. The cumulative expense recognised for equity based awards granted at each reporting date until the vesting date reflects the extent to which the vesting period has expired, as well as the Company's best estimate of the number of equity-based awards that will ultimately vest. The estimate is revised if subsequent information indicates that the number of equity-based awards expected to vest differs from previous estimates.

3.	EMPLOYEES AND DIRECTORS

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

4.	FIXED ASSET INVESTMENTS

Shares in

group

undertaking

£

COST

At 1 April 2024

and 31 March 2025

2,600,000

NET BOOK VALUE

At 31 March 2025

2,600,000

At 31 March 2024

2,600,000

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Greenery Hire Ltd

Registered office: United Kingdom

Nature of business: Plant and greenery hire

%

Class of shares:

holding

Ordinary

100.00

31.3.25

31.3.24

£

Aggregate capital and reserves

3,017,139

2,486,475

Profit for the year

994,664

546,606

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Amounts owed to group undertakings

8,164

5,172

Other creditors

2,767

3,445

10,931

8,617

6.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2025 and 31 March 2024:

31.3.25

31.3.24

£

Mr M Campbell

Balance outstanding at start of year

-

40,000

Amounts repaid

-

(40,000

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

-

7.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr M Campbell.

7.	SHARE-BASED PAYMENT TRANSACTIONS

The tax authority approved Enterprise Management Incentive Share Option Scheme is operated for eligible employees.

The options vest in accordance with terms determined by the directors but include continued employment and a change of control. If the options remain unexercised after a period of ten years from the date of grant, the options expire. Options are forfeited if an employee leaves the company. Obligations under this scheme will be met by the issue of Ordinary shares of the ultimate parent company, Pimlico Holdings Limited.

The estimated fair value of the share options was valued by applying the Black-Scholes option pricing model.

Weighted
average
exercise price

(£

)

Number

(£

)

Number

2025

2024

Outstanding at the beginning of the year

-

Granted during the year

330

-

Exercised during the year

-

Forfeited during the year

-

Outstanding at the end of the year

330

-

The total expense recognised in the income statement in relation to the above share-based payment transactions was £2,758.