Company registration number 12210826 (England and Wales)
PMR GROUP LTD
CONSOLIDATED ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025
PMR GROUP LTD
COMPANY INFORMATION
DIRECTOR
Mr D E Rossi
COMPANY NUMBER
12210826
REGISTERED OFFICE
19 Highfield Road
Edgbaston
Birmingham
B15 3BH
AUDITOR
JW Hinks LLP
19 Highfield Road
Edgbaston
Birmingham
B15 3BH
PMR GROUP LTD
CONTENTS
PAGE
Strategic report
1
Director's report
2
Director's responsibilities statement
3
Independent auditor's report
4 - 6
Group statement of comprehensive income
7
Group balance sheet
8
Company balance sheet
9
Group statement of changes in equity
10
Company statement of changes in equity
11
Group statement of cash flows
12
Company statement of cash flows
13
Notes to the financial statements
14 - 30
PMR GROUP LTD
STRATEGIC REPORT
FOR THE YEAR ENDED 31 AUGUST 2025
- 1 -

The director presents the strategic report for the year ended 31 August 2025.

PRINCIPAL ACTIVITIES

The principal activity of the company and group continued to be that of the provision of residential recruitment and training.

REVIEW OF THE BUSINESS

The Group’s figures show a welcome return to profitability, despite the general decline in the UK recruitment market and the difficult macro-economic environment for SME’s in the UK given current government policies.

We anticipate a continued and growing profitability for the Group given changes already made and currently in progress, coupled with our twin strengths of a growing profile in our sector and the very highest calibre of people working within the Group.

On behalf of the board

Mr D E Rossi
DIRECTOR
24 March 2026
PMR GROUP LTD
DIRECTOR'S REPORT
FOR THE YEAR ENDED 31 AUGUST 2025
- 2 -

The director presents his annual report and financial statements for the year ended 31 August 2025.

RESULTS AND DIVIDENDS

The results for the year are set out on page 7.

No ordinary dividends were paid. The director does not recommend payment of a further dividend.

DIRECTOR

The director who held office during the year and up to the date of signature of the financial statements was as follows:

Mr D E Rossi
DISABLED PERSONS

Applications for employment by disabled persons are always fully considered, bearing in mind the aptitudes of the applicant concerned. In the event of members of staff becoming disabled, every effort is made to ensure that their employment within the group continues and that the appropriate training is arranged. It is the policy of the group that the training, career development and promotion of disabled persons should, as far as possible, be identical to that of other employees.

EMPLOYEE INVOLVEMENT

The group's policy is to consult and discuss with employees, through unions, staff councils and at meetings, matters likely to affect employees' interests.

Information about matters of concern to employees is given through information bulletins and reports which seek to achieve a common awareness on the part of all employees of the financial and economic factors affecting the group's performance.

There is no employee share scheme at present, but the directors are considering the introduction of such a scheme as a means of further encouraging the involvement of employees in the company's performance.

ENERGY AND CARBON REPORT

As the group has not consumed more than 40,000 kWh of energy in this reporting period, it qualifies as a low energy user under these regulations and is not required to report on its emissions, energy consumption or energy efficiency activities.

STATEMENT OF DISCLOSURE TO AUDITOR

So far as each person who was a director at the date of approving this report is aware, there is no relevant audit information of which the auditor of the company is unaware. Additionally, the directors individually have taken all the necessary steps that they ought to have taken as directors in order to make themselves aware of all relevant audit information and to establish that the auditor of the company is aware of that information.

On behalf of the board
Mr D E Rossi
DIRECTOR
24 March 2026
PMR GROUP LTD
DIRECTOR'S RESPONSIBILITIES STATEMENT
FOR THE YEAR ENDED 31 AUGUST 2025
- 3 -

The director is responsible for preparing the annual report and the financial statements in accordance with applicable law and regulations.

United Kingdom company law requires the director to prepare financial statements for each financial year. Under that law, the director has elected to prepare the group and parent company financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law, the director must not approve the financial statements unless he is satisfied that they give a true and fair view of the state of affairs of the group and parent company, and of the profit or loss of the group for that period.

In preparing these financial statements, the director is required to:

- select suitable accounting policies and then apply them consistently;

- make judgements and accounting estimates that are reasonable and prudent;

- state whether applicable U nited K ingdom Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and

- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the group and parent company will continue in business.

The director is responsible for keeping adequate accounting records that are sufficient to show and explain the group’s and parent company’s transactions and disclose with reasonable accuracy at any time the financial position of the group and parent company, and enable them to ensure that the financial statements comply with the Companies Act 2006. He is also responsible for safeguarding the assets of the group and parent company, and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

PMR GROUP LTD
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBERS OF PMR GROUP LTD
- 4 -
OPINION

We have audited the financial statements of PMR Group Ltd (the 'parent company') and its subsidiaries (the 'group') for the year ended 31 August 2025 which comprise the group statement of comprehensive income, the group balance sheet, the company balance sheet, the group statement of changes in equity, the company statement of changes in equity, the group statement of cash flows, the company statement of cash flows and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

- give a true and fair view of the state of the group's and the parent company's affairs as at 31 August 2025 and of the group's loss for the year then ended;

- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

- have been prepared in accordance with the requirements of the Companies Act 2006.

BASIS FOR OPINION

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the group and parent company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

MATERIAL UNCERTAINTY RELATING TO GOING CONCERN

In forming our opinion on the financial statements, which is not modified, we have considered the adequacy of the disclosure made in the note 28 to the financial statements concerning the group and parent company's ability to continue as a going concern.

The group has reported a loss of £5,271 during the year ended 31 August 2025, and it had net liabilities of £650,079 at the balance sheet date. These conditions, along with other matters disclosed in the financial statements, indicate the existence of some uncertainty which may cast doubt about the group and parent company's ability to continue as a going concern.

In forming our opinion we have considered post year end financial results and are comfortable that the group can continue as a going concern in the immediate future.

The financial statements do not include the adjustments that would result if the group and parent company were unable to continue as a going concern.

CONCLUSIONS RELATING TO GOING CONCERN

In auditing the financial statements, we have concluded that the director's use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have identified material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's and parent company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the director with respect to going concern are described in the relevant sections of this report.

PMR GROUP LTD
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF PMR GROUP LTD
- 5 -
OTHER INFORMATION

The other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The director is responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

OPINIONS ON OTHER MATTERS PRESCRIBED BY THE COMPANIES ACT 2006

In our opinion, based on the work undertaken in the course of our audit:

- T he information given in the strategic report and the director's r eport for the financial year for which the financial statements are prepared is consistent with the financial statements; and

- The strategic report and the director's report have been prepared in accordance with applicable legal requirements.

MATTERS ON WHICH WE ARE REQUIRED TO REPORT BY EXCEPTION

In the light of the knowledge and understanding of the group and the parent company and their environment obtained in the course of the audit, we have not identifie d material misstatements in the strategic report or the director's r eport.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

- adequate accounting records have not been kept by the parent company, or returns adequate for our audit have not been received from branches not visited by us; or

- the parent company financial statements are not in agreement with the accounting records and returns; or

- certain disclosures of directors' remuneration specified by law are not made; or

- we have not received all the information and explanations we require for our audit.

RESPONSIBILITIES OF DIRECTOR

As explained more fully in the director's r esponsibilities s tatement, the director is responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the director determines is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the director is responsible for assessing the group's and parent company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the director either intends to liquidate the group or parent company or to cease operations, or has no realistic alternative but to do so.

AUDITOR'S RESPONSIBILITIES FOR THE AUDIT OF THE FINANCIAL STATEMENTS

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below.

We identified areas of laws and regulations that could reasonably be expected to have a material effect on the financial statements and discussed the policies and procedures regarding compliance.

PMR GROUP LTD
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF PMR GROUP LTD
- 6 -

Specific areas considered were as follows:

• Enquiring with management and others to gain an understanding of the organisation itself including operations, financial reporting and known fraud or error.

• Evaluating and understanding the internal control system.

• Performing analytical procedures as expected or unexpected variances in account balances or classes of transactions appear.

• Testing documentation supporting account balances or classes of transactions.

Owing to the inherent limitations of an audit, there is an unavoidable risk that we may not have detected all irregularities including those leading to material misstatements in the financial statements or non-compliance with regulation, even though we have properly planned and performed our audit in accordance with auditing standards.

This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

A further description of our responsibilities is available on the Financial Reporting Council’s website at: https://www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

USE OF OUR REPORT

This report is made solely to the parent company’s members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the parent company’s members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the parent company and the parent company’s members as a body, for our audit work, for this report, or for the opinions we have formed.

JAMES CRUSE FCA, FCCA, BSC (ECON) HONS (SENIOR STATUTORY AUDITOR)
FOR AND ON BEHALF OF JW HINKS LLP
CHARTERED ACCOUNTANTS
STATUTORY AUDITOR
19 Highfield Road
Edgbaston
Birmingham
B15 3BH
24 March 2026
PMR GROUP LTD
GROUP STATEMENT OF COMPREHENSIVE INCOME
FOR THE YEAR ENDED 31 AUGUST 2025
- 7 -
Year
Period
ended
ended
31 August
31 August
2025
2024
as restated
Notes
£
£
TURNOVER
3
20,863,243
20,588,409
Cost of sales
(15,810,489)
(15,419,073)
GROSS PROFIT
5,052,754
5,169,336
Administrative expenses
(4,938,965)
(5,432,903)
OPERATING PROFIT/(LOSS)
4
113,789
(263,567)
Interest receivable and similar income
8
308
1,564
Interest payable and similar expenses
9
(110,968)
(80,282)
PROFIT/(LOSS) BEFORE TAXATION
3,129
(342,285)
Tax on profit/(loss)
10
(8,400)
41,855
LOSS FOR THE FINANCIAL YEAR
23
(5,271)
(300,430)
Loss for the financial year is all attributable to the owners of the parent company.
Total comprehensive income for the year is all attributable to the owners of the parent company.
PMR GROUP LTD
GROUP BALANCE SHEET
AS AT
31 AUGUST 2025
31 August 2025
- 8 -
2025
2024
as restated
Notes
£
£
£
£
FIXED ASSETS
Goodwill
11
-
0
57,068
Total intangible assets
-
0
57,068
Tangible assets
12
104,257
117,492
104,257
174,560
CURRENT ASSETS
Debtors
15
3,942,637
3,580,063
Cash at bank and in hand
10,148
30,264
3,952,785
3,610,327
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
16
(4,695,387)
(4,408,861)
NET CURRENT LIABILITIES
(742,602)
(798,534)
TOTAL ASSETS LESS CURRENT LIABILITIES
(638,345)
(623,974)
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
17
(3,334)
(20,834)
PROVISIONS FOR LIABILITIES
Deferred tax liability
19
8,400
-
0
(8,400)
-
NET LIABILITIES
(650,079)
(644,808)
CAPITAL AND RESERVES
Called up share capital
22
1,000
1,000
Profit and loss reserves
23
(651,079)
(645,808)
TOTAL EQUITY
(650,079)
(644,808)
The financial statements were approved and signed by the director and authorised for issue on 24 March 2026
24 March 2026
Mr D E Rossi
DIRECTOR
Company registration number 12210826 (England and Wales)
PMR GROUP LTD
COMPANY BALANCE SHEET
AS AT 31 AUGUST 2025
31 August 2025
- 9 -
2025
2024
Notes
£
£
£
£
FIXED ASSETS
Investments
13
11
11
CURRENT ASSETS
Debtors
15
517,008
487,308
Cash at bank and in hand
4,358
4,502
521,366
491,810
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
16
(532,619)
(497,095)
NET CURRENT LIABILITIES
(11,253)
(5,285)
NET LIABILITIES
(11,242)
(5,274)
CAPITAL AND RESERVES
Called up share capital
22
1,000
1,000
Profit and loss reserves
23
(12,242)
(6,274)
TOTAL EQUITY
(11,242)
(5,274)

As permitted by section 408 of the Companies Act 2006, the c ompany has not presented its own profit and loss account and related notes. The c ompany’s loss for the year was £5,969 (2024 - £5,666 loss).

These financial statements have been prepared in accordance with the provisions relating to medium-sized companies.

The financial statements were approved and signed by the director and authorised for issue on 24 March 2026
24 March 2026
Mr D E Rossi
DIRECTOR
Company registration number 12210826 (England and Wales)
PMR GROUP LTD
GROUP STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 AUGUST 2025
- 10 -
Share capital
Profit and loss reserves
Total
£
£
£
AS RESTATED FOR THE PERIOD ENDED 31 AUGUST 2024:
BALANCE AT 1 SEPTEMBER 2023
1,000
(181,414)
(180,414)
Prior Year Adjustment
-
(163,964)
(163,964)
AS RESTATED
1,000
(345,378)
(344,378)
PERIOD ENDED 31 AUGUST 2024:
Loss and total comprehensive income
-
(300,430)
(300,430)
BALANCE AT 31 AUGUST 2024
1,000
(645,808)
(644,808)
YEAR ENDED 31 AUGUST 2025:
Loss and total comprehensive income
-
(5,271)
(5,271)
BALANCE AT 31 AUGUST 2025
1,000
(651,079)
(650,079)
PMR GROUP LTD
COMPANY STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 AUGUST 2025
- 11 -
Share capital
Profit and loss reserves
Total
£
£
£
AS RESTATED FOR THE PERIOD ENDED 31 AUGUST 2024:
BALANCE AT 1 SEPTEMBER 2023
1,000
(608)
392
PERIOD ENDED 31 AUGUST 2024:
Loss and total comprehensive income for the period
-
(5,666)
(5,666)
BALANCE AT 31 AUGUST 2024
1,000
(6,274)
(5,274)
YEAR ENDED 31 AUGUST 2025:
Profit and total comprehensive income
-
(5,968)
(5,968)
BALANCE AT 31 AUGUST 2025
1,000
(12,242)
(11,242)
PMR GROUP LTD
GROUP STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 AUGUST 2025
- 12 -
2025
2024
as restated
Notes
£
£
£
£
CASH FLOWS FROM OPERATING ACTIVITIES
Cash generated from operations
29
483,026
293,032
Interest paid
(110,968)
(80,282)
Income taxes refunded/(paid)
63,813
(45,105)
Net cash inflow from operating activities
435,871
167,645
INVESTING ACTIVITIES
Purchase of tangible fixed assets
(17,268)
(33,827)
Repayment of loans
(283,747)
(115,728)
Interest received
308
1,564
Net cash used in investing activities
(300,707)
(147,991)
FINANCING ACTIVITIES
Repayment of borrowings
(120,231)
(272,359)
Repayment of bank loans
(20,000)
(20,000)
Net cash used in financing activities
(140,231)
(292,359)
NET DECREASE IN CASH AND CASH EQUIVALENTS
(5,067)
(272,705)
Cash and cash equivalents at beginning of year
(12,112)
260,593
CASH AND CASH EQUIVALENTS AT END OF YEAR
(17,179)
(12,112)
RELATING TO:
Cash at bank and in hand
10,148
30,264
Bank overdrafts included in creditors payable within one year
(27,327)
(42,376)
PMR GROUP LTD
COMPANY STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 AUGUST 2025
- 13 -
2025
2024
Notes
£
£
£
£
CASH FLOWS FROM OPERATING ACTIVITIES
Cash (absorbed by)/generated from operations
30
(144)
299,788
INVESTING ACTIVITIES
Repayment of loans
-
0
(298,000)
NET CASH USED IN INVESTING ACTIVITIES
-
(298,000)
NET (DECREASE)/INCREASE IN CASH AND CASH EQUIVALENTS
(144)
1,788
Cash and cash equivalents at beginning of year
4,502
2,714
CASH AND CASH EQUIVALENTS AT END OF YEAR
4,358
4,502
PMR GROUP LTD
NOTES TO THE GROUP FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025
- 14 -
1
ACCOUNTING POLICIES
COMPANY INFORMATION

PMR Group Ltd (“the company”) is a private limited company domiciled and incorporated in England and Wales. The registered office is 19 Highfield Road, Edgbaston, Birmingham, B15 3BH.

The group consists of PMR Group Ltd and all of its subsidiaries.

1.1
REPORTING PERIOD

The prior period of account was an 11 month period to bring the company's year end in line with the rest of the group, the current year covers a full 12 month period.

1.2
ACCOUNTING CONVENTION

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, (modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value). The principal accounting policies adopted are set out below.

1.3
BUSINESS COMBINATIONS

In the parent company financial statements, t he cost of a business combination is the fair value at the acquisition date of the assets given, equity instruments issued and liabilities incurred or assumed, plus costs directly attributable to the business combination. The excess of the cost of a business combination over the fair value of the identifiable assets, liabilities and contingent liabilities acquired is recognised as goodwill. The cost of the combination includes the estimated amount of contingent consideration that is probable and can be measured reliably, and is adjusted for changes in contingent consideration after the acquisition date. Provisional fair values recognised for business combinations in previous periods are adjusted retrospectively for final fair values determined in the 12 months following the acquisition date. I nvestments in subsidiaries, joint ventures and associates are accounted for at cost less impairment.

Deferred tax is recognised on differences between the value of assets (other than goodwill) and liabilities recognised in a business combination accounted for using the purchase method and the amounts that can be deducted or assessed for tax, considering the manner in which the carrying amount of the asset or liability is expected to be recovered or settled. The deferred tax recognised is adjusted against goodwill or negative goodwill.

1.4
BASIS OF CONSOLIDATION

The consolidated group financial statements consist of the financial statements of the parent company PMR Group Ltd together with all entities controlled by the parent company (its subsidiaries) and the group’s share of its interests in joint ventures and associates.

All financial statements are made up to 31 August 2025. Where necessary, adjustments are made to the financial statements of subsidiaries to bring the accounting policies used into line with those used by other members of the g roup.

All intra-group transactions, balances and unrealised gains on transactions between group companies are eliminated on consolidation. Unrealised losses are also eliminated unless the transaction provides evidence of an impairment of the asset transferred.

Subsidiaries are consolidated in the group’s financial statements from the date that control commences until the date that control ceases.

Entities in which the group holds an interest and which are jointly controlled by the group and one or more other venturers under a contractual arrangement are treated as joint ventures. Entities other than subsidiary undertakings or joint ventures, in which the group has a participating interest and over whose operating and financial policies the group exercises a significant influence, are treated as associates.

PMR GROUP LTD
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
1
ACCOUNTING POLICIES
(Continued)
- 15 -

Investments in joint ventures and associates are carried in the group balance sheet at cost plus post-acquisition changes in the group’s share of the net assets of the entity, less any impairment in value. The carrying values of investments in joint ventures and associates include acquired goodwill.

If the group’s share of losses in a joint venture or associate equals or exceeds its investment in the joint venture or associate, the group does not recognise further losses unless it has incurred obligations to do so or has made payments on behalf of the joint venture or associate.

Unrealised gains arising from transactions with joint ventures and associates are eliminated to the extent of the group’s interest in the entity.

1.5
GOING CONCERN

The director has considered the going concern position of the group and the company taking into account the group loss for the year of £5,271 (2024: loss of £300,430) and the balance sheet position showing net liabilities of £650,079 at 31 August 2025 (2024: £644,808).

There is a material uncertainty relating to the going concern position of the group and company. However, the group and company's financial statements have been prepared on a going concern basis on the grounds that performance has improved in the current year and the director will provide financial support as required which will be adequate to meet the group and company's needs for a period of at least twelve months from the date of approval of these financial statements.

In forming our opinion we have considered post year end financial results and are comfortable that the group can continue as a going concern in the immediate future.

1.6
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.

When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.

1.7
INTANGIBLE FIXED ASSETS - GOODWILL

Goodwill represents the excess of the cost of acquisition of a business over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life, which is 5 years.

For the purposes of impairment testing, goodwill is allocated to the cash-generating units expected to benefit from the acquisition. Cash-generating units to which goodwill has been allocated are tested for impairment at least annually, or more frequently when there is an indication that the unit may be impaired. If the recoverable amount of the cash-generating unit is less than the carrying amount of the unit, the impairment loss is allocated first to reduce the carrying amount of any goodwill allocated to the unit and then to the other assets of the unit pro-rata on the basis of the carrying amount of each asset in the unit.

1.8
TANGIBLE FIXED ASSETS

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

PMR GROUP LTD
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
1
ACCOUNTING POLICIES
(Continued)
- 16 -

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Leasehold improvements
2% straight line basis
Plant and equipment
20% straight line basis
Fixtures and fittings
20% straight line basis
Computers
33% straight line basis

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 recognised in the profit and loss account.

1.9
FIXED ASSET INVESTMENTS

Equity in vest ments are measured at fair value through profit or loss, except for those equity investments that are not publicly traded and whose fair value cannot otherwise be measured reliably, which are recognised at cost less impairment until a reliable measure of fair value becomes available.

I n the parent company financial statements, investments in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses.

A subsidiary is an entity controlled by the group. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

An associate is an entity, being neither a subsidiary nor a joint venture, in which the company holds a long-term interest and where the company has significant influence. The group considers that it has significant influence where it has the power to participate in the financial and operating decisions of the associate.

Investments in associates are initially recognised at the transaction price (including transaction costs) and are subsequently adjusted to reflect the g roup’s share of the profit or loss, other comprehensive income and equity of the associate using the equity method. Any difference between the cost of acquisition and the share of the fair value of the net identifiable assets of the associate on acquisition is recognised as goodwill. Any unamortised balance of goodwill is included in the carrying value of the investment in associates.

Losses in excess of the carrying amount of an investment in an associate are recorded as a provision only when the company has incurred legal or constructive obligations or has made payments on behalf of the associate.

In the parent c ompany financial statements, investments in associates are accounted for at cost less impairment.

Entities in which the group has a long term interest and shares control under a contractual arrangement are classified as jointly controlled entities.

1.10
IMPAIRMENT OF FIXED ASSETS

At each reporting period end date, the group reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

The carrying amount of the investments accounted for using the equity method is tested for impairment as a single asset. Any goodwill included in the carrying amount of the investment is not tested separately for impairment.

PMR GROUP LTD
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
1
ACCOUNTING POLICIES
(Continued)
- 17 -

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

1.11
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 current liabilities.

1.12
FINANCIAL INSTRUMENTS

The group 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 group's balance sheet when the group becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset and 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 m ethod 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.

Other financial assets

Other financial assets, including investments in equity instruments which are not subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the transaction price. Such assets are subsequently carried at fair value and the changes in fair value are recognised in profit or loss, except that investments in equity instruments that are not publicly traded and whose fair values cannot be measured reliably are measured at cost less impairment.

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. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss.

If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

PMR GROUP LTD
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
1
ACCOUNTING POLICIES
(Continued)
- 18 -
Derecognition of financial assets

Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the group transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

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 group after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, 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 paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

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. 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 amortised cost using the effective interest method.

Other financial liabilities

Derivatives, including interest rate swaps and forward foreign exchange contracts, are not basic financial instruments. Derivatives are initially recognised at fair value on the date a derivative contract is entered into and are subsequently re-measured at their fair value. Changes in the fair value of derivatives are recognised in profit or loss in finance costs or finance income as appropriate, unless hedge accounting is applied and the hedge is a cash flow hedge.

Debt instruments that do not meet the conditions in FRS 102 paragraph 11.9 are subsequently measured at fair value through profit or loss. Debt instruments may be designated as being measured at fair value th r ough profit or loss to eliminate or reduce an accounting mismatch or if the instruments are measured and their performance evaluated on a fair value basis in accordance with a documented risk management or investment strategy.

Derecognition of financial liabilities

Financial liabilities are derecognised when the group's contractual obligations expire or are discharged or cancelled.

1.13
EQUITY INSTRUMENTS

Equity instruments issued by the group are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the group.

1.14
TAXATION

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The group’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

PMR GROUP LTD
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
1
ACCOUNTING POLICIES
(Continued)
- 19 -
Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and 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. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

1.15
EMPLOYEE BENEFITS

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.16
RETIREMENT BENEFITS

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.17
LEASES

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease d asset are consumed.

2
JUDGEMENTS AND KEY SOURCES OF ESTIMATION UNCERTAINTY

In the application of the group’s accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
TURNOVER AND OTHER REVENUE
2025
2024
£
£
TURNOVER ANALYSED BY CLASS OF BUSINESS
Permanent Fees
1,259,578
1,628,072
Factored Contract Staff
10,015,018
10,311,717
Joint Employment Costs
8,540,426
7,712,126
Admin Recharges
1,048,221
936,494
20,863,243
20,588,409
2025
2024
£
£
OTHER REVENUE
Interest income
308
1,564
PMR GROUP LTD
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
- 20 -
4
OPERATING PROFIT/(LOSS)
2025
2024
£
£
Operating profit/(loss) for the year is stated after charging:
Depreciation of tangible fixed assets
30,503
53,649
Amortisation of intangible assets
57,068
57,067
Operating lease charges
138,730
134,848
5
AUDITOR'S REMUNERATION
2025
2024
Fees payable to the company's auditor and associates:
£
£
FOR AUDIT SERVICES
Audit of the financial statements of the group and company
4,700
4,700
Audit of the financial statements of the company's subsidiaries
21,825
21,825
26,525
26,525
6
EMPLOYEES

The average monthly number of persons (including directors) employed by the group and company during the year was:

Group
Company
2025
2024
2025
2024
Number
Number
Number
Number
Internal staff
253
255
-
-
Temporary staff
351
391
-
-
Director
1
1
1
1
Total
605
647
1
1

Their aggregate remuneration comprised:

Group
Company
2025
2024
2025
2024
£
£
£
£
Wages and salaries
16,941,462
17,108,640
-
0
-
0
Social security costs
1,725,670
1,523,393
-
-
Pension costs
260,683
304,875
-
0
-
0
18,927,815
18,936,908
-
0
-
0
PMR GROUP LTD
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
- 21 -
7
DIRECTOR'S REMUNERATION
2025
2024
£
£
Remuneration for qualifying services
28,415
33,856
Amounts receivable under long term incentive schemes
47,500
35,000
75,915
68,856
8
INTEREST RECEIVABLE AND SIMILAR INCOME
2025
2024
£
£
INTEREST INCOME
Interest on bank deposits
-
0
1,564
Other interest income
308
-
Total income
308
1,564
2025
2024
Investment income includes the following:
£
£
Interest on financial assets not measured at fair value through profit or loss
-
1,564
9
INTEREST PAYABLE AND SIMILAR EXPENSES
2025
2024
£
£
INTEREST ON FINANCIAL LIABILITIES MEASURED AT AMORTISED COST:
Interest on bank overdrafts and loans
1,184
2,164
Other interest on financial liabilities
109,784
78,118
110,968
80,282
10
TAXATION
2025
2024
£
£
CURRENT TAX
UK corporation tax on profits for the current period
-
0
(7,525)
DEFERRED TAX
Origination and reversal of timing differences
8,400
(34,330)
Total tax charge/(credit)
8,400
(41,855)
PMR GROUP LTD
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
10
TAXATION
(Continued)
- 22 -

The actual charge/(credit) for the year can be reconciled to the expected charge/(credit) for the year based on the profit or loss and the standard rate of tax as follows:

2025
2024
£
£
Profit/(loss) before taxation
3,129
(342,285)
Expected tax charge/(credit) based on the standard rate of corporation tax in the UK of 25.00% (2024: 25.00%)
782
(85,571)
Tax effect of expenses that are not deductible in determining taxable profit
47,667
46,738
Tax effect of utilisation of tax losses not previously recognised
(36,496)
8,850
Unutilised tax losses carried forward
14,686
94,726
Adjustments in respect of prior years
-
0
(7,525)
Permanent capital allowances in excess of depreciation
3,309
4,956
Amortisation on assets not qualifying for tax allowances
14,267
14,267
Deferred tax adjustments in respect of prior years
-
0
(34,330)
Tax losses brought forward
(44,215)
(83,966)
Deferred tax movement
8,400
-
0
Taxation charge/(credit)
8,400
(41,855)
11
INTANGIBLE FIXED ASSETS
GROUP
Goodwill
£
COST
At 1 September 2024 and 31 August 2025
285,336
AMORTISATION AND IMPAIRMENT
At 1 September 2024
228,268
Amortisation charged for the year
57,068
At 31 August 2025
285,336
CARRYING AMOUNT
At 31 August 2025
-
0
At 31 August 2024
57,068
The company had no intangible fixed assets at 31 August 2025 or 31 August 2024.
PMR GROUP LTD
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
- 23 -
12
TANGIBLE FIXED ASSETS
GROUP
Leasehold improvements
Plant and equipment
Fixtures and fittings
Computers
Total
£
£
£
£
£
COST
At 1 September 2024
75,000
7,438
62,479
177,863
322,780
Additions
-
0
-
0
1,233
16,035
17,268
At 31 August 2025
75,000
7,438
63,712
193,898
340,048
DEPRECIATION AND IMPAIRMENT
At 1 September 2024
4,164
6,881
49,211
145,032
205,288
Depreciation charged in the year
1,501
305
4,452
24,245
30,503
At 31 August 2025
5,665
7,186
53,663
169,277
235,791
CARRYING AMOUNT
At 31 August 2025
69,335
252
10,049
24,621
104,257
At 31 August 2024
70,836
557
13,268
32,831
117,492
The company had no tangible fixed assets at 31 August 2025 or 31 August 2024.
13
FIXED ASSET INVESTMENTS
Group
Company
2025
2024
2025
2024
Notes
£
£
£
£
Investments in subsidiaries
14
-
0
-
0
11
11
MOVEMENTS IN FIXED ASSET INVESTMENTS
COMPANY
Shares in subsidiaries
£
COST OR VALUATION
At 1 September 2024 and 31 August 2025
11
CARRYING AMOUNT
At 31 August 2025
11
At 31 August 2024
11
PMR GROUP LTD
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
- 24 -
14
SUBSIDIARIES

Details of the company's subsidiaries at 31 August 2025 are as follows:

Name of undertaking
Registered office
Class of
% Held
shares held
Direct
Property Management Recruitment Limited
England
Ordinary
100.00
Verto HR Ltd
England
Ordinary
100.00
15
DEBTORS
Group
Company
2025
2024
2025
2024
AMOUNTS FALLING DUE WITHIN ONE YEAR:
£
£
£
£
Trade debtors
2,609,746
2,462,972
-
0
-
0
Corporation tax recoverable
264,678
185,258
130,208
100,508
Other debtors
938,264
696,517
386,800
386,800
Prepayments and accrued income
129,949
235,316
-
0
-
0
3,942,637
3,580,063
517,008
487,308
16
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Group
Company
2025
2024
2025
2024
Notes
£
£
£
£
Bank loans and overdrafts
18
44,827
62,376
-
0
-
0
Other borrowings
18
1,071,873
1,192,104
-
0
-
0
Trade creditors
193,232
40,380
-
0
-
0
Amounts owed to group undertakings
-
0
-
0
395,591
390,011
Corporation tax payable
261,771
118,538
130,208
100,508
Other taxation and social security
1,847,324
1,785,229
-
-
Deferred income
20
773,978
742,639
-
0
-
0
Other creditors
465,562
424,394
-
0
-
0
Accruals
36,820
43,201
6,820
6,576
4,695,387
4,408,861
532,619
497,095
17
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
Group
Company
2025
2024
2025
2024
Notes
£
£
£
£
Bank loans and overdrafts
18
3,334
20,834
-
0
-
0
PMR GROUP LTD
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
- 25 -
18
LOANS AND OVERDRAFTS
Group
Company
2025
2024
2025
2024
£
£
£
£
Bank loans
20,834
40,834
-
0
-
0
Bank overdrafts
27,327
42,376
-
0
-
0
Other loans
1,071,873
1,192,104
-
0
-
0
1,120,034
1,275,314
-
-
Payable within one year
1,116,700
1,254,480
-
0
-
0
Payable after one year
3,334
20,834
-
0
-
0

A charge has been registered dated 26 September 2017 in favour or Lloyds Bank PLC which contains fixed charge(s) and a negative pledge.

A legal charge has been registered dated 15 November 2021 in favour of Cynergy Bank Limited which contains fixed charge(s) and a negative pledge.

19
DEFERRED TAXATION

The following are the major deferred tax liabilities and assets recognised by the group and company, and movements thereon:

Liabilities
Liabilities
2025
2024
GROUP
£
£
Accelerated capital allowances
8,400
-
The company has no deferred tax assets or liabilities.
Group
Company
2025
2025
MOVEMENTS IN THE YEAR:
£
£
Asset at 1 September 2024
-
-
Charge to profit or loss
8,400
-
Liability at 31 August 2025
8,400
-
PMR GROUP LTD
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
- 26 -
20
DEFERRED INCOME
Group
Company
2025
2024
2025
2024
£
£
£
£
Other deferred income
773,978
742,639
-
-
21
RETIREMENT BENEFIT SCHEMES
2025
2024
DEFINED CONTRIBUTION SCHEMES
£
£
Charge to profit or loss in respect of defined contribution schemes
260,683
304,875

A defined contribution pension scheme is operated for all qualifying employees. The assets of the scheme are held separately from those of the group in an independently administered fund.

22
SHARE CAPITAL
GROUP AND COMPANY
2025
2024
2025
2024
ORDINARY SHARE CAPITAL
Number
Number
£
£
ISSUED AND FULLY PAID
Ordinary shares of £1 each
1,000
1,000
1,000
1,000
23
PROFIT AND LOSS RESERVES
Group
Company
2025
2024
2025
2024
as restated
as restated
£
£
£
£
At the beginning of the year
(426,089)
(181,414)
(6,274)
(608)
Prior year adjustment
(219,719)
(163,964)
-
-
As restated
(645,808)
(345,378)
(6,274)
(608)
Loss for the year
(5,271)
(300,430)
(5,968)
(5,666)
At the end of the year
(651,079)
(645,808)
(12,242)
(6,274)
PMR GROUP LTD
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
- 27 -
24
OPERATING LEASE COMMITMENTS
AS LESSEE

At the reporting end date the group had outstanding commitments for future minimum lease payments under non-cancellable operating leases, which fall due as follows:

Group
Company
2025
2024
2025
2024
£
£
£
£
Within 1 year
83,869
111,825
-
-
Years 2-5
-
83,869
-
-
83,869
195,694
-
-
25
RELATED PARTY TRANSACTIONS
TRANSACTIONS WITH RELATED PARTIES

During the period ended 31 August 202 5, the group purchased s ervice s of £40,729 (202 4: £52,833) from Taming Twins Limited, a company controlled and owned by the wife of the director , Mr D E Rossi, until March 2025, when it was sold.

As at 31 August 2025 an amount of £Nil (202 4: Nil) remained due to Taming Twins Limited from the company.

The following amounts were outstanding at the reporting end date:

AMOUNTS DUE FROM RELATED PARTIES
2025
2024
Balance
Balance
£
£
GROUP
Entities under common control
54,443
32,184

The group has taken advantage of Section 33 of FRS102 related party disclosures, not to disclose related party transactions with wholly owned subsidiaries within the group.

26
DIRECTORS' TRANSACTIONS
ADVANCES
% Rate
Opening
Amounts
Amounts
Closing
balance
advanced
repaid
balance
£
£
£
£
Mr D E Rossi -
-
491,869
385,780
(102,034)
775,615
491,869
385,780
(102,034)
775,615
27
CONTROLLING PARTY

The ultimate controlling party is deemed to be Mr D E Rossi.

PMR GROUP LTD
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
- 28 -
28
GOING CONCERN

The director has considered the going concern position of the group and the company taking into account the group loss for the year of £5,271 (2024: loss of £300,430) and the balance sheet position showing net liabilities of £650,079 at 31 August 2025 (2024: £644,808).

There is a material uncertainty relating to the going concern position of the group and company. However, the group and company's financial statements have been prepared on a going concern basis on the grounds that performance has improved in the current year and the director will provide financial support as required which will be adequate to meet the group and company's needs for a period of at least twelve months from the date of approval of these financial statements.

In forming our opinion we have considered post year end financial results and are comfortable that the group can continue as a going concern in the immediate future.

29
CASH GENERATED FROM GROUP OPERATIONS
2025
2024
£
£
Loss after taxation
(5,271)
(300,430)
ADJUSTMENTS FOR:
Taxation charged/(credited)
8,400
(41,855)
Finance costs
110,968
80,282
Investment income
(308)
(1,564)
Amortisation and impairment of intangible assets
57,068
57,067
Depreciation and impairment of tangible fixed assets
30,503
53,649
MOVEMENTS IN WORKING CAPITAL:
Decrease in debtors
593
103,222
Increase in creditors
249,734
207,995
Increase in deferred income
31,339
134,666
CASH GENERATED FROM OPERATIONS
483,026
293,032
30
CASH (ABSORBED BY)/GENERATED FROM OPERATIONS - COMPANY
2025
2024
£
£
Loss after taxation
(5,968)
(5,666)
MOVEMENTS IN WORKING CAPITAL:
Increase in creditors
5,824
305,454
CASH (ABSORBED BY)/GENERATED FROM OPERATIONS
(144)
299,788
PMR GROUP LTD
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
- 29 -
31
ANALYSIS OF CHANGES IN NET DEBT - GROUP
1 September 2024
Cash flows
31 August 2025
£
£
£
Cash at bank and in hand
30,264
(20,116)
10,148
Bank overdrafts
(42,376)
15,049
(27,327)
(12,112)
(5,067)
(17,179)
Borrowings excluding overdrafts
(1,232,938)
140,231
(1,092,707)
(1,245,050)
135,164
(1,109,886)
32
ANALYSIS OF CHANGES IN NET FUNDS - COMPANY
1 September 2024
Cash flows
31 August 2025
£
£
£
Cash at bank and in hand
4,502
(144)
4,358
33
PRIOR PERIOD ADJUSTMENT
RECONCILIATION OF CHANGES IN EQUITY - GROUP
1 October
31 August
2023
2024
£
£
ADJUSTMENTS TO PRIOR YEAR
Apprenticeship Levy
(460,777)
(219,719)
Equity as previously reported
280,363
(425,089)
Equity as adjusted
(180,414)
(644,808)
ANALYSIS OF THE EFFECT UPON EQUITY
Profit and loss reserves
(460,777)
(219,719)
RECONCILIATION OF CHANGES IN LOSS FOR THE PREVIOUS FINANCIAL PERIOD
2024
£
ADJUSTMENTS TO PRIOR YEAR
Apprenticeship Levy
(55,755)
Loss as previously reported
(244,675)
Loss as adjusted
(300,430)
PMR GROUP LTD
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
33
PRIOR PERIOD ADJUSTMENT
(Continued)
- 30 -
NOTES TO RECONCILIATION
PROPERTY MANAGEMENT RECRUITMENT LIMITED

During the year, the company identified that apprenticeship levy liabilities arising from 2019 had not previously been recognised. This represented a prior period error.

The error has been corrected retrospectively by restating the comparative figures and adjusting opening retained earnings at the start of the earliest period presented. The correction increases accruals and reduces retained earnings in the relevant periods.

As part of this adjustment, accruals were increased by £163,964 in respect of liabilities relating to periods up to and including 2023, with a corresponding reduction in retained earnings. A charge of £55,755 relating to the 2024 financial year was recognised within social security costs in the comparative period. At the start of the 2025 financial year,

Opening reserves were reduced by £219,719 with a corresponding increase in accruals to reflect the cumulative prior period liability.

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