Company No: 15824613 (England and Wales)

Contents

• Statement of Financial Position
• Statement of Changes in Equity
• Notes to the Financial Statements

	Note	30.06.2025
		£
Fixed assets
Investment property	4	6,486,000
		6,486,000
Current assets
Debtors	6	42,111
Cash at bank and in hand		96,850
		138,961
Creditors: amounts falling due within one year	7	( 63,796)
Net current assets		75,165
Total assets less current liabilities		6,561,165
Creditors: amounts falling due after more than one year	8	( 2,500,000)
Net assets		4,061,165
Capital and reserves
Called-up share capital		1
Undistributable reserve		4,226,676
Profit and loss account		( 165,512 )
Total shareholder's funds		4,061,165

For the financial period ending 30 June 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 period 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 Profit and Loss Account has not been delivered.

The financial statements of PVS Clifton Limited (registered number: 15824613) were approved and authorised for issue by the Board of Directors on 09 December 2025. They were signed on its behalf by:

K P Webb Director

	Called-up share capital		Undistributable reserve		Capital contribution reserve		Profit and loss account		Total
	£		£		£		£		£
At 08 July 2024	0		0		0		0		0
Profit for the financial period	0		0		0		4,061,164		4,061,164
Total comprehensive income	0		0		0		4,061,164		4,061,164
Issue of share capital	1		0		0		0		1
Acquisition of subsidiaries from fellow group companies	0		0		100		0		100
Non-distributable dividend income (notes 9 & 10)	0		4,226,676		0		( 4,226,676)		0
Disposal of subsidiaries to fellow group companies	0		0		( 100)		0		( 100)
At 30 June 2025	1		4,226,676		0		( 165,512)		4,061,165

On 8 July 2024, the company issued 1 ordinary share with a nominal value of £1.00 for total consideration of £1.00.

1. Accounting policies

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

General information and basis of accounting

PVS Clifton Limited 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 45 Oakfield Road, Clifton, Bristol, BS8 2AX, United Kingdom.

The financial statements have been prepared in accordance with ‘The Financial Reporting Standard applicable in the UK and the Republic of Ireland’ issued by the Financial Reporting Council, including Section 1A of Financial Reporting Standard 102 (FRS102), and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies' regime.

Going concern

The financial statements have been prepared on a going concern basis.

The directors have made an assessment in preparing these financial statements as to whether the Company is a going concern and have concluded that there are no material uncertainties that may cast significant doubt on the Company's ability to continue as a going concern for a period of at least 12 months from the date of approval of these financial statements.

Turnover

Turnover represents rent receivable during the year. Rental income is recognised net of VAT on an accruals basis in accordance with the relevant rental agreements.

Interest income

Interest income is recognised when it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably. Interest income is accrued on a time basis, by reference to the principal outstanding at the effective interest rate applicable, which is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset to that asset's net carrying amount on initial recognition.

Finance costs

Finance costs are charged to the Profit and Loss Account over the term of the debt using the effective interest method so the amount charged is at a constant rate on the carrying amount.

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.

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:

Vehicles

4 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.

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.

Fixed asset investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

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 creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

2. Employees

	Period from 08.07.2024 to 30.06.2025
	Number
Monthly average number of persons employed by the Company during the period, including directors	2

3. Tangible assets

	Vehicles		Total
	£		£
Cost
At 08 July 2024	0		0
Transfer from West End Investments (Clifton) Limited - see Note 9	26,000		26,000
At 30 June 2025	26,000		26,000
Accumulated depreciation
At 08 July 2024	0		0
Charge for the financial period	2,167		2,167
Transfer from West End Investments (Clifton) Limited - see Note 9	23,833		23,833
At 30 June 2025	26,000		26,000
Net book value
At 30 June 2025	0		0

4. Investment property

	Investment property
	£
Valuation
As at 08 July 2024	0
Additions	6,486,000
As at 30 June 2025	6,486,000

The directors consider the fair value of the property at 30 June 2025 to not differ significantly from the acquisition cost at 2 December 2024 and therefore no fair value movements have been made during the period.

On 2 December 2024, the company acquired a segment of the trade and assets of a company under common control, by way of a group restructure and liquidation demerger, including the Investment property of £6,486,000, which was transferred at fair value. See note 9 for further details.

5. Fixed asset investments

Investments in subsidiaries

	30.06.2025
	£
Acquisition of investment in West End Investments (Clifton) Limited	100
Disposal of investment in West End Investments (Clifton) Limited	(100)
Carrying value at 30 June 2025	0

On 2 December 2024, the company acquired interests in West End Investments (Clifton) Limited as part of a group restructure and these interests were subsequently disposed of via a liquidation demerger. See note 9 for further details.

6. Debtors

	30.06.2025
	£
Trade debtors	642
Prepayments	31,524
Other debtors	9,945
	42,111

7. Creditors: amounts falling due within one year

	30.06.2025
	£
Trade creditors	30,844
Amounts owed to related parties	5,031
Accruals	19,335
Taxation and social security	8,586
	63,796

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

	30.06.2025
	£
Bank loans	2,500,000

The bank loan is secured by fixed charges over the freehold investment property of the company and a floating charge over all assets of the company.

9. Related Party Transactions

On 2 December 2024, the company acquired a segment of the trade and assets of West End Investments (Clifton) Limited, a company under common control, by way of a group restructure and liquidation demerger. During the period, the following transactions took place with West End Investments (Clifton) Limited, in respect of this restructure.

	30.06.2025
	£
Fair value of freehold interest in investment property transferred to the company	(6,486,000)
Motor vehicles transferred to the company	(2,167)
Cash paid by the company	2,377,025
Undistributable dividend received	4,226,676
Revenue received by related party on behalf of the company	(30,489)
Expenditure settled by related party on behalf of the company	6,626
Loan to company under common control	(96,270)
Petty cash balance transferred	(431)
	(5,030)

At 30 June 2025, the company owed West End Investments (Clifton) Ltd £5,030. This loan is interest free and repayable on demand.

During the period, the company incurred recharges from a company under common control totalling £142,933. At 30 June 2025, £2,648 remained outstanding in respect of these transactions and is included within trade creditors.

10. Income from shares in group undertaking

During the period, the company received assets from West End Investments Limited as part of a distribution in specie. The fair value of the assets received exceeded the consideration paid by the company in respect of this transaction. The difference between the consideration paid and the fair value of assets received of £4,226,676 has been recognised as non‑distributable dividend income in the Profit and loss account, with a corresponding credit to undistributable reserves within equity.