Registered number
08672790
PMI COMMERCIAL PROPERTY LIMITED
Filleted Accounts
31 March 2025

PMI COMMERCIAL PROPERTY LIMITED
Registered number: | 08672790
Balance Sheet
as at 31 March 2025
Notes |  |  | 2025 |  |  | 2023
£ | £
Fixed assets
Tangible assets | 3 |  |  | 12,868,877 |  |  | -
Current assets
Debtors | 4 |  | 28,800 |  |  | -
Cash at bank and in hand |  |  | 503,400 |  |  | 100
|  |  | 532,200 |  |  | 100
Creditors: amounts falling due within one year | 5 |  | (6,313,750) |  |  | -
Net current (liabilities)/assets |  |  |  | (5,781,550) |  |  | 100
Total assets less current liabilities |  |  |  | 7,087,327 |  |  | 100
Creditors: amounts falling due after more than one year | 6 |  |  | (6,953,726) |  |  | -
Net assets |  |  |  | 133,601 |  |  | 100
Capital and reserves
Called up share capital |  |  |  | 100 |  |  | 100
Profit and loss account |  |  |  | 133,501 |  |  | -
Shareholders' funds |  |  |  | 133,601 |  |  | 100
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr D Healey
Director
Approved by the board on 13 March 2026

PMI COMMERCIAL PROPERTY LIMITED
Notes to the Accounts
for the period from 1 January 2024 to 31 March 2025
1 | Accounting policies
| Basis of preparation
| The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
| Turnover
| 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. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
| Tangible fixed assets
| Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
| Freehold land and buildings | Not depreciated
| Investment property
| Investment property is initially recognised at cost and then subsequently measured at fair value. Changes in value are recognised in profit and loss.
| Taxation
| A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
| Provisions
| Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 | Employees | 2025 |  | 2023
Number | Number
| Average number of persons employed by the company | 3 |  | 3
3 | Tangible fixed assets
|  |  |  |  |  |  |  | Land and buildings
£
| Cost
| Additions | 12,868,877
| At 31 March 2025 | 12,868,877
| Depreciation
| At 31 March 2025 | -
| Net book value
| At 31 March 2025 | 12,868,877
| Land and building above relate to investment properties which were valued on the basic of their fair value as at 31 March 2025 by internally qualified personnel within the company. At the end of the balance sheet date, the value of the investment properties were £12,868,877.
4 | Debtors | 2025 |  | 2023
£ | £
| Other debtors | 28,800 |  | -
5 | Creditors: amounts falling due within one year | 2025 |  | 2023
£ | £
| Bank loans and overdrafts | 246,274 |  | -
| Trade creditors | (288) |  | -
| Amounts owed to related company |  | Note 7 |  | 5,942,719 |  | -
| Corporation tax |  |  |  |  | 41,773 |  | -
| Other taxation and social security costs | 22,539 |  | -
| Other creditors | 60,733 |  | -
|  |  |  |  |  | 6,313,750 |  | -
6 | Creditors: amounts falling due after one year | 2025 |  | 2023
£ | £
| Bank loans | 6,953,726 |  | -
7 | Related party transactions
| Mr Martin Flannery and Mr P Flannery are the Directors of Flannery Holdings Limited, which holds a 50% ownership in PMI Commercial Property Limited. Mr Daniel Gerard Healey is a Director of both PMI Commercial Property Limited and Premier Mechanical Installations Limited.
| Amounts owed to related parties | 2025 |  | 2023
£ | £
| P.Flannery Plant Hire (Oval) Limited
| Amount due to the related party |  |  |  |  | 334,829 |  | -
| Flannery Holdings Limited
| Amount due to the related party |  |  |  |  | 2,700,000 |  | -
| Premier Mechanical Installations Limited
| Amount due to the related party |  |  |  |  | 2,907,890 |  | -
|  |  |  |  |  | 5,942,719 |  | -
8 | Controlling party
| Flannery Holdings Limited holds a 50% ownership interest in the ordinary shares of PMI Commercial Property Limited. Mr Daniel Gerard Healey holds the remaining 50% ownership interest in the ordinary shares of PMI Commercial Property Limited.
9 | Other information
| PMI COMMERCIAL PROPERTY LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
| 27A Maxwell Road
| Northwood
| Middlesex
| HA6 2XY

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