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REGISTERED NUMBER: 02798361 (England and Wales)

| Unaudited Financial Statements |

| For The Year Ended 30 June 2025 |

| for |

| P & R Management Limited |

| P & R Management Limited (Registered number: 02798361) |

Contents of the Financial Statements

For The Year Ended 30 June 2025

Page |

| Company Information | 1 |

| Abridged Balance Sheet | 2 |

| Notes to the Financial Statements | 4 |

| P & R Management Limited |

Company Information

For The Year Ended 30 June 2025

| DIRECTORS: | Mrs R M Morris

| J P Morris

| SECRETARY: | Mrs R M Morris

| REGISTERED OFFICE: | Steppes Farm

| Rockfield

| Monmouth

| Monmouthshire

| NP25 5SW

| REGISTERED NUMBER: | 02798361 (England and Wales)

| ACCOUNTANTS: | Kingscott Dix Limited

| Chartered Accountants

| Goodridge Court

| Goodridge Avenue

| Gloucester

| Gloucestershire

| GL2 5EN

| BANKERS: | Lloyds TSB Bank plc

| 55 Newerne Street

| Lydney

| Gloucestershire

| P & R Management Limited (Registered number: 02798361) |

Abridged Balance Sheet

30 June 2025

| 30.6.25 | 30.6.24 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 706,269 |  | 706,989 |  |

CURRENT ASSETS

Stocks | 200 |  | 200 |  |

Debtors | 38,550 |  | 552 |  |

Cash at bank and in hand | 71,695 |  | 120 |  |

110,445 |  | 872 |  |

CREDITORS

Amounts falling due within one year | 25,307 |  | 157,806 |  |

NET CURRENT ASSETS/(LIABILITIES) | 85,138 |  | (156,934 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 791,407 |  | 550,055 |  |

CREDITORS

Amounts falling due after more than one year | 662,146 |  | 369,520 |  |

NET ASSETS | 129,261 |  | 180,535 |  |

CAPITAL AND RESERVES

Called up share capital | 1,100 |  | 1,100 |  |

Retained earnings | 128,161 |  | 179,435 |  |

SHAREHOLDERS' FUNDS | 129,261 |  | 180,535 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

| P & R Management Limited (Registered number: 02798361) |

Abridged Balance Sheet - continued

30 June 2025

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 30 June 2025 in accordance with Section 444(2A) of the Companies Act 2006.

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 13 February 2026 and were signed on its behalf by:

Mrs R M Morris - Director

| P & R Management Limited (Registered number: 02798361) |

Notes to the Financial Statements

For The Year Ended 30 June 2025

1. | STATUTORY INFORMATION

| P & R Management 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.

| Turnover

| Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

| Tangible fixed assets

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

| Freehold property | - | 2% on cost less residual value

| Fixtures and fittings | - | 20% on cost

| No depreciation is provided on freehold buildings because in the directors opinion the real (inflation

| adjusted) estimated residual value is not less than the carrying value in the accounts.

| Stocks

| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

| P & R Management Limited (Registered number: 02798361) |

Notes to the Financial Statements - continued

For The Year Ended 30 June 2025

2. | ACCOUNTING POLICIES - continued

| 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 balance sheet 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.

| Basic financial assets

| Basic financial assets, which include trade and other debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

| Impairment of financial assets

| Financial assets, other than those held at fair value through profit and loss, are assessed for indicators of impairment at each reporting end date.

| Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected. The impairment loss is recognised in profit or loss.

| Derecognition of financial assets

| Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire, or when it transfers the financial asset and substantially all the risks and rewards of ownership to another entity.

| Classification of financial liabilities

| 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.

| Basic financial liabilities

| Basic financial liabilities, including trade and other creditors, bank loans, are recognised at transaction price.

| Debt instruments are subsequently carried at amortised cost, using the effective interest rate method

| Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if payment is due within one year. If not, they are presented as creditors falling due after more than one year. Trade creditors are recognised at transaction price.

| Derecognition of financial liabilities

| Financial liabilities are derecognised when, and only when, the company's obligations are discharged, cancelled, or they expire.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 1 (2024 - 1 ) .

| P & R Management Limited (Registered number: 02798361) |

Notes to the Financial Statements - continued

For The Year Ended 30 June 2025

4. | TANGIBLE FIXED ASSETS

| Totals

£ |

| COST

| At 1 July 2024

| and 30 June 2025 | 904,447 |  |

| DEPRECIATION

| At 1 July 2024 | 197,458 |  |

| Charge for year | 720 |  |

| At 30 June 2025 | 198,178 |  |

| NET BOOK VALUE

| At 30 June 2025 | 706,269 |  |

| At 30 June 2024 | 706,989 |  |

5. | SECURED DEBTS

| The following secured debts are included within creditors:

| 30.6.25 |  | 30.6.24

£ | £ |

| Bank overdraft | - |  | 109,938 |  |

| Bank loans | 312,146 |  | 24,521 |  |

312,146 |  | 134,459 |  |