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COMPANY REGISTRATION NUMBER: 06308044

PGW DEVELOPMENTS LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 August 2025

PGW DEVELOPMENTS LIMITED

STATEMENT OF FINANCIAL POSITION

31 August 2025

| 2025 | 2024
Note | £ | £

FIXED ASSETS

Tangible assets | 5 | 911,025 | 911,025

CURRENT ASSETS

Debtors | 6 | 935 | 24,456
Cash at bank and in hand | 23,648 | 18,077
| -------- | --------
| 24,583 | 42,533

CREDITORS: amounts falling due within one year | 7 | 43,005 | 42,353
| -------- | --------
NET CURRENT (LIABILITIES)/ASSETS | ( 18,422) | 180
| --------- | ---------
TOTAL ASSETS LESS CURRENT LIABILITIES | 892,603 | 911,205

PROVISIONS | – | 541
| --------- | ---------
NET ASSETS | 892,603 | 910,664
| --------- | ---------

CAPITAL AND RESERVES

Called up share capital | 300 | 300
Profit and loss account | 892,303 | 910,364
| --------- | ---------
SHAREHOLDERS FUNDS | 892,603 | 910,664
| --------- | ---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31st August 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

PGW DEVELOPMENTS LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

31 August 2025
These financial statements were approved by the board of directors and authorised for issue on 10 February 2026 , and are signed on behalf of the board by:

Mr F G Edmondson
Director

Company registration number: 06308044

PGW DEVELOPMENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31st AUGUST 2025
1. GENERAL INFORMATION
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 11 The Headlands, Heysham, Morecambe, Lancashire, LA3 2RX, United Kingdom.
2. STATEMENT OF COMPLIANCE
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. ACCOUNTING POLICIES
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Investment property
Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.
4. EMPLOYEE NUMBERS
The average number of persons employed by the company during the year amounted to 1 (2024: Nil).
5. TANGIBLE ASSETS

| Investment Properties
| £

Cost |
At 1st September 2024 and 31st August 2025 | 911,025
| ---------
Depreciation |
At 1st September 2024 and 31st August 2025 | –
| ---------
Carrying amount |
At 31st August 2025 | 911,025
| ---------
At 31st August 2024 | 911,025
| ---------

The fair value of the investment property has been arrived at on the basis of a valuation carried out by the directors. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties.
6. DEBTORS

| 2025 | 2024
| £ | £

Trade debtors | – | 12,524
Other debtors | 935 | 11,932
| ---- | --------
| 935 | 24,456
| ---- | --------

7. CREDITORS: amounts falling due within one year

| 2025 | 2024
| £ | £

Corporation tax | 15,231 | 27,657
Social security and other taxes | 2,393 | 5,603
Other creditors | 25,381 | 9,093
| -------- | --------
| 43,005 | 42,353
| -------- | --------