2024-05-25 2025-05-31 2025-05-31 false 15741499 PM MASTER LIMITED 2026-02-19 82990 false iso4217:GBP xbrli:pure 15741499 2024-05-24 15741499 2025-05-31 15741499 2024-05-25 2025-05-31 15741499 2024-05-23 15741499 2024-05-24 15741499 2024-05-24 2024-05-24 15741499 bus:SmallEntities 2024-05-25 2025-05-31 15741499 bus:AuditExempt-NoAccountantsReport 2024-05-25 2025-05-31 15741499 bus:FullAccounts 2024-05-25 2025-05-31 15741499 bus:PrivateLimitedCompanyLtd 2024-05-25 2025-05-31 15741499 core:WithinOneYear 2025-05-31 15741499 core:AfterOneYear 2025-05-31 15741499 core:WithinOneYear 2024-05-24 15741499 core:AfterOneYear 2024-05-24 15741499 core:ShareCapital 2025-05-31 15741499 core:SharePremium 2025-05-31 15741499 core:RevaluationReserve 2025-05-31 15741499 core:OtherReservesSubtotal 2025-05-31 15741499 core:RetainedEarningsAccumulatedLosses 2025-05-31 15741499 core:ShareCapital 2024-05-24 15741499 core:SharePremium 2024-05-24 15741499 core:RevaluationReserve 2024-05-24 15741499 core:OtherReservesSubtotal 2024-05-24 15741499 core:RetainedEarningsAccumulatedLosses 2024-05-24 15741499 core:LandBuildings 2025-05-31 15741499 core:PlantMachinery 2025-05-31 15741499 core:Vehicles 2025-05-31 15741499 core:FurnitureFittings 2025-05-31 15741499 core:OfficeEquipment 2025-05-31 15741499 core:NetGoodwill 2025-05-31 15741499 core:IntangibleAssetsOtherThanGoodwill 2025-05-31 15741499 core:ListedExchangeTraded 2025-05-31 15741499 core:UnlistedNon-exchangeTraded 2025-05-31 15741499 core:LandBuildings 2024-05-24 15741499 core:PlantMachinery 2024-05-24 15741499 core:Vehicles 2024-05-24 15741499 core:FurnitureFittings 2024-05-24 15741499 core:OfficeEquipment 2024-05-24 15741499 core:NetGoodwill 2024-05-24 15741499 core:IntangibleAssetsOtherThanGoodwill 2024-05-24 15741499 core:ListedExchangeTraded 2024-05-24 15741499 core:UnlistedNon-exchangeTraded 2024-05-24 15741499 core:LandBuildings 2024-05-25 2025-05-31 15741499 core:PlantMachinery 2024-05-25 2025-05-31 15741499 core:Vehicles 2024-05-25 2025-05-31 15741499 core:FurnitureFittings 2024-05-25 2025-05-31 15741499 core:OfficeEquipment 2024-05-25 2025-05-31 15741499 core:NetGoodwill 2024-05-25 2025-05-31 15741499 core:IntangibleAssetsOtherThanGoodwill 2024-05-25 2025-05-31 15741499 core:ListedExchangeTraded 2024-05-25 2025-05-31 15741499 core:UnlistedNon-exchangeTraded 2024-05-25 2025-05-31 15741499 core:MoreThanFiveYears 2024-05-25 2025-05-31 15741499 core:Non-currentFinancialInstruments 2025-05-31 15741499 core:Non-currentFinancialInstruments 2024-05-24 15741499 dpl:CostSales 2024-05-25 2025-05-31 15741499 dpl:DistributionCosts 2024-05-25 2025-05-31 15741499 core:LandBuildings 2024-05-25 2025-05-31 15741499 core:PlantMachinery 2024-05-25 2025-05-31 15741499 core:Vehicles 2024-05-25 2025-05-31 15741499 core:FurnitureFittings 2024-05-25 2025-05-31 15741499 core:OfficeEquipment 2024-05-25 2025-05-31 15741499 dpl:AdministrativeExpenses 2024-05-25 2025-05-31 15741499 core:NetGoodwill 2024-05-25 2025-05-31 15741499 core:IntangibleAssetsOtherThanGoodwill 2024-05-25 2025-05-31 15741499 dpl:GroupUndertakings 2024-05-25 2025-05-31 15741499 dpl:ParticipatingInterests 2024-05-25 2025-05-31 15741499 dpl:GroupUndertakings core:ListedExchangeTraded 2024-05-25 2025-05-31 15741499 core:ListedExchangeTraded 2024-05-25 2025-05-31 15741499 dpl:GroupUndertakings core:UnlistedNon-exchangeTraded 2024-05-25 2025-05-31 15741499 core:UnlistedNon-exchangeTraded 2024-05-25 2025-05-31 15741499 dpl:CostSales 2024-05-24 2024-05-24 15741499 dpl:DistributionCosts 2024-05-24 2024-05-24 15741499 core:LandBuildings 2024-05-24 2024-05-24 15741499 core:PlantMachinery 2024-05-24 2024-05-24 15741499 core:Vehicles 2024-05-24 2024-05-24 15741499 core:FurnitureFittings 2024-05-24 2024-05-24 15741499 core:OfficeEquipment 2024-05-24 2024-05-24 15741499 dpl:AdministrativeExpenses 2024-05-24 2024-05-24 15741499 core:NetGoodwill 2024-05-24 2024-05-24 15741499 core:IntangibleAssetsOtherThanGoodwill 2024-05-24 2024-05-24 15741499 dpl:GroupUndertakings 2024-05-24 2024-05-24 15741499 dpl:ParticipatingInterests 2024-05-24 2024-05-24 15741499 dpl:GroupUndertakings core:ListedExchangeTraded 2024-05-24 2024-05-24 15741499 core:ListedExchangeTraded 2024-05-24 2024-05-24 15741499 dpl:GroupUndertakings core:UnlistedNon-exchangeTraded 2024-05-24 2024-05-24 15741499 core:UnlistedNon-exchangeTraded 2024-05-24 2024-05-24 15741499 core:NetGoodwill 2025-05-31 15741499 core:IntangibleAssetsOtherThanGoodwill 2025-05-31 15741499 core:LandBuildings 2025-05-31 15741499 core:PlantMachinery 2025-05-31 15741499 core:Vehicles 2025-05-31 15741499 core:FurnitureFittings 2025-05-31 15741499 core:OfficeEquipment 2025-05-31 15741499 core:AfterOneYear 2025-05-31 15741499 core:WithinOneYear 2025-05-31 15741499 core:ListedExchangeTraded 2025-05-31 15741499 core:UnlistedNon-exchangeTraded 2025-05-31 15741499 core:ShareCapital 2025-05-31 15741499 core:SharePremium 2025-05-31 15741499 core:RevaluationReserve 2025-05-31 15741499 core:OtherReservesSubtotal 2025-05-31 15741499 core:RetainedEarningsAccumulatedLosses 2025-05-31 15741499 core:NetGoodwill 2024-05-24 15741499 core:IntangibleAssetsOtherThanGoodwill 2024-05-24 15741499 core:LandBuildings 2024-05-24 15741499 core:PlantMachinery 2024-05-24 15741499 core:Vehicles 2024-05-24 15741499 core:FurnitureFittings 2024-05-24 15741499 core:OfficeEquipment 2024-05-24 15741499 core:AfterOneYear 2024-05-24 15741499 core:WithinOneYear 2024-05-24 15741499 core:ListedExchangeTraded 2024-05-24 15741499 core:UnlistedNon-exchangeTraded 2024-05-24 15741499 core:ShareCapital 2024-05-24 15741499 core:SharePremium 2024-05-24 15741499 core:RevaluationReserve 2024-05-24 15741499 core:OtherReservesSubtotal 2024-05-24 15741499 core:RetainedEarningsAccumulatedLosses 2024-05-24 15741499 core:NetGoodwill 2024-05-23 15741499 core:IntangibleAssetsOtherThanGoodwill 2024-05-23 15741499 core:LandBuildings 2024-05-23 15741499 core:PlantMachinery 2024-05-23 15741499 core:Vehicles 2024-05-23 15741499 core:FurnitureFittings 2024-05-23 15741499 core:OfficeEquipment 2024-05-23 15741499 core:AfterOneYear 2024-05-23 15741499 core:WithinOneYear 2024-05-23 15741499 core:ListedExchangeTraded 2024-05-23 15741499 core:UnlistedNon-exchangeTraded 2024-05-23 15741499 core:ShareCapital 2024-05-23 15741499 core:SharePremium 2024-05-23 15741499 core:RevaluationReserve 2024-05-23 15741499 core:OtherReservesSubtotal 2024-05-23 15741499 core:RetainedEarningsAccumulatedLosses 2024-05-23 15741499 core:AfterOneYear 2024-05-25 2025-05-31 15741499 core:WithinOneYear 2024-05-25 2025-05-31 15741499 core:Non-currentFinancialInstruments core:CostValuation 2024-05-25 2025-05-31 15741499 core:Non-currentFinancialInstruments core:AdditionsToInvestments 2024-05-25 2025-05-31 15741499 core:Non-currentFinancialInstruments core:RevaluationsIncreaseDecreaseInInvestments 2024-05-25 2025-05-31 15741499 core:Non-currentFinancialInstruments core:DisposalsDecreaseInInvestments 2024-05-25 2025-05-31 15741499 core:Non-currentFinancialInstruments core:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments 2024-05-25 2025-05-31 15741499 core:Non-currentFinancialInstruments core:ImpairmentLossReversalProvisionsForImpairmentInvestments 2024-05-25 2025-05-31 15741499 core:Non-currentFinancialInstruments core:AcquisitionsIncreaseInProvisionsForImpairmentInvestments 2024-05-25 2025-05-31 15741499 core:Non-currentFinancialInstruments core:DisposalsDecreaseInProvisionsForImpairmentInvestments 2024-05-25 2025-05-31 15741499 core:Non-currentFinancialInstruments core:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments 2024-05-25 2025-05-31 15741499 core:Non-currentFinancialInstruments core:CostValuation 2025-05-31 15741499 core:Non-currentFinancialInstruments core:AdditionsToInvestments 2025-05-31 15741499 core:Non-currentFinancialInstruments core:RevaluationsIncreaseDecreaseInInvestments 2025-05-31 15741499 core:Non-currentFinancialInstruments core:DisposalsDecreaseInInvestments 2025-05-31 15741499 core:Non-currentFinancialInstruments core:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments 2025-05-31 15741499 core:Non-currentFinancialInstruments core:ImpairmentLossReversalProvisionsForImpairmentInvestments 2025-05-31 15741499 core:Non-currentFinancialInstruments core:AcquisitionsIncreaseInProvisionsForImpairmentInvestments 2025-05-31 15741499 core:Non-currentFinancialInstruments core:DisposalsDecreaseInProvisionsForImpairmentInvestments 2025-05-31 15741499 core:Non-currentFinancialInstruments core:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments 2025-05-31 15741499 core:Non-currentFinancialInstruments core:CostValuation 2024-05-24 15741499 core:Non-currentFinancialInstruments core:AdditionsToInvestments 2024-05-24 15741499 core:Non-currentFinancialInstruments core:RevaluationsIncreaseDecreaseInInvestments 2024-05-24 15741499 core:Non-currentFinancialInstruments core:DisposalsDecreaseInInvestments 2024-05-24 15741499 core:Non-currentFinancialInstruments core:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments 2024-05-24 15741499 core:Non-currentFinancialInstruments core:ImpairmentLossReversalProvisionsForImpairmentInvestments 2024-05-24 15741499 core:Non-currentFinancialInstruments core:AcquisitionsIncreaseInProvisionsForImpairmentInvestments 2024-05-24 15741499 core:Non-currentFinancialInstruments core:DisposalsDecreaseInProvisionsForImpairmentInvestments 2024-05-24 15741499 core:Non-currentFinancialInstruments core:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments 2024-05-24 15741499 bus:Director1 2024-05-25 2025-05-31 15741499 bus:Director2 2024-05-25 2025-05-31

PM MASTER LIMITED

Registered Number
15741499
(England and Wales)

Unaudited Financial Statements for the Period ended
31 May 2025

PM MASTER LIMITED
Company Information
for the period from 25 May 2024 to 31 May 2025

Directors | ATWAL, Narinder Singh
| DALGARNO, Liam John

Registered Address | 2nd Floor Grove House
| 55 Lowlands Road
| Harrow
| HA1 3AW

Registered Number | 15741499 (England and Wales)

PM MASTER LIMITED
Balance Sheet as at
31 May 2025

| Notes | 2025
--- | --- | ---
|  | £ |  | £
Fixed assets |  |  |  |
Intangible assets | 3 |  |  | 283,500
|  |  |  | 283,500
Current assets |  |  |  |
Debtors | 4 | 3,645 |  |
|  | 3,645 |  |
Creditors amounts falling due within one year | 5 | (317,893) |  |
Net current assets (liabilities) |  |  |  | (314,248)
Total assets less current liabilities |  |  |  | (30,748)
Net assets |  |  |  | (30,748)
Capital and reserves |  |  |  |
Called up share capital |  |  |  | 100
Profit and loss account |  |  |  | (30,848)
Shareholders' funds |  |  |  | (30,748)

- The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
- The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
- The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
- These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
- The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 19 February 2026, and are signed on its behalf by:
ATWAL, Narinder Singh Director
DALGARNO, Liam John Director Registered Company No. 15741499

PM MASTER LIMITED
Notes to the Financial Statements
for the period ended 31 May 2025

1. | Accounting policies
--- | ---

| Statutory information
--- | ---
| The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

| Statement of compliance
--- | ---
| The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

| Going concern
--- | ---
| After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis of accounting in preparing its financial statements.

| Turnover policy
--- | ---
| Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.

| Current taxation
--- | ---
| Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.

| Intangible assets
--- | ---
| Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses. Patents and licences are being amortised evenly over their estimated useful life of 10 years.

| 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 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. Financial assets classified as receivable within one year are not amortised. Basic financial liabilities Basic financial liabilities, including creditors 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. Trade creditors 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 creditors are recognised initially at transaction price and subsequently measured at amortized cost using the effective interest method.

| Share capital
--- | ---
| Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of new ordinary shares or options are shown in equity as a deduction, net of tax, from the proceeds.

2. | Average number of employees
--- | ---

|  | 2025
| Average number of employees during the year | 2

3. | Intangible assets
--- | ---

|  | Other |  | Total
--- | --- | --- | --- | ---
|  | £ |  | £
| Cost or valuation
| Additions | 315,000 |  | 315,000
| At 31 May 25 | 315,000 |  | 315,000
| Amortisation and impairment
| Charge for year | 31,500 |  | 31,500
| At 31 May 25 | 31,500 |  | 31,500
| Net book value
| At 31 May 25 | 283,500 |  | 283,500
| At 24 May 24 | - |  | -

4. | Debtors: amounts due within one year
--- | ---

|  | 2025
--- | --- | ---
|  | £
| Trade debtors / trade receivables | 289
| Amounts owed by group undertakings | 100
| Other debtors | 230
| Prepayments and accrued income | 3,026
| Total | 3,645

5. | Creditors: amounts due within one year
--- | ---

|  | 2025
--- | --- | ---
|  | £
| Amounts owed to related parties | 1,380
| Other creditors | 315,000
| Accrued liabilities and deferred income | 1,513
| Total | 317,893

6. | Related party transactions
--- | ---
| Included in other creditors falling due within one year is an amount of £169,000 due to the director. Included in other creditors falling due within one year is an amount of £146,000 due to SLD Group Holding Ltd, a company connected to the director.

7. | Change in reporting period and impact on comparability
--- | ---
| Reporting period This is the first time the company has presented its financial statements since its incorporation. Hence, the financial statements presented are for the period of more than twelve months with no comparatives.