| P J Breen Limited |
| Registered number: |
05216746 |
| Balance Sheet |
| as at 31 August 2025 |
|
| Notes |
|
|
2025 |
|
|
2024 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
3 |
|
|
638,463 |
|
|
639,901 |
| Investments |
4 |
|
|
2,258,427 |
|
|
1,898,234 |
|
|
|
|
2,896,890 |
|
|
2,538,135 |
|
| Current assets |
| Debtors |
5 |
|
2,750 |
|
|
3,662 |
| Cash at bank and in hand |
|
|
7,756 |
|
|
10,843 |
|
|
|
10,506 |
|
|
14,505 |
|
| Creditors: amounts falling due within one year |
6 |
|
(177,386) |
|
|
(191,369) |
|
| Net current liabilities |
|
|
|
(166,880) |
|
|
(176,864) |
|
| Total assets less current liabilities |
|
|
|
2,730,010 |
|
|
2,361,271 |
|
|
| Provisions for liabilities |
|
|
|
(123,030) |
|
|
(33,429) |
|
|
| Net assets |
|
|
|
2,606,980 |
|
|
2,327,842 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
10 |
|
|
10 |
| Profit and loss account |
|
|
|
2,606,970 |
|
|
2,327,832 |
|
| Shareholder's funds |
|
|
|
2,606,980 |
|
|
2,327,842 |
|
|
|
|
|
|
|
|
| The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The member has not required the company to obtain an audit in accordance with section 476 of the Act. |
| The director acknowledges his 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. |
|
|
|
|
| Patrick Joseph Breen |
| Director |
| Approved by the board on 10 May 2026 |
|
| P J Breen Limited |
| Notes to the Accounts |
| for the year ended 31 August 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 attributable to geographical markets outside the United Kingdom amounted to 0% (2024 0%). |
|
|
Revenue Recognition |
|
Revenue is recognised only when it is probable that the economic benefits associated with a transaction will flow to the company and the amount of revenue can be measured reliably. Revenue from services is recognised as the services are rendered, including revenues based on contractual man-day or monthly rates in respect of multi-year service contracts. Incentive performance revenues are recognised upon completion of agreed objectives. Revenues are stated net of sales taxes and discounts. |
|
|
Foreign Currency Translation |
|
Foreign currency transactions are accounted for at the exchange rates prevailing at the date of the transactions. Gains and losses resulting from the settlement of such transactions, and from the translation of monetary assets and liabilities denominated in foreign currencies, are recognised in the income statement. |
|
|
Tangible fixed assets |
|
Tangible fixed assets are stated at historical cost less aggregate depreciation.
Depreciation is calculated on a straight-line basis over the estimated useful life of the asset as follows: |
|
|
Long leasehold property |
Nil |
|
Furniture |
3 years |
|
Office equipment |
3 years |
|
|
Investments |
|
The Company classifies its investments as either financial assets at fair value through profit or loss (FV) or financial assets available for sale (AFS). The classification depends on the purpose for which the investments were acquired, and is determined by the directors at initial recognition. |
|
|
Long term contracts |
|
Revenue on long term contracts is recognised according to the stage reached by the contract by reference to the value of work done. A prudent estimate of the profit attributable to work completed is recognised once the outcome of the contract can be assessed with reasonable certainty. Provision is made for all foreseeable losses. The amount by which the revenue exceeds payments on account is shown under debtors as amounts recoverable under contracts. |
|
|
Pensions |
|
The company provided pension benefits (defined contribution) in respect of senior employees. Amounts payable are charged to the profit and loss account in the period the contracts are entered into between the Company and the senior employees. |
|
|
Deferred Taxation |
|
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or the right to pay less or to receive more, tax, with the following exceptions:
Provision is made for tax on gains arising from the revaluation (and similar fair value adjustments) of fixed assets and gains on disposal of fixed assets that have been rolled over onto replacement assets, only to the extent that, at the balance sheet date, there is a binding agreement to dispose of the assets concerned. However, no provision is made where, on the basis of all available evidence at the balance sheet date, it is more likely than not that the taxable gain will be rolled over into replacement assets and charged to tax only where the replacement assets are sold;
Provision is made for deferred tax that would arise on remittance of the retained earnings of overseas subsidiaries, associates and joint ventures only to the extent that, at the balance sheet date, dividends have been accrued as receivable;
Deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable table profits from which the future reversal of the underlying timing differences can be deducted.
Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in which the timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date. |
|
| 2 |
Employees |
2025 |
|
2024 |
| Number |
Number |
|
|
Average number of persons employed by the company |
1 |
|
1 |
|
|
|
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
|
|
|
|
Land and buildings |
|
Plant and machinery etc |
|
Total |
| £ |
£ |
£ |
|
Cost |
|
At 1 September 2024 |
637,017 |
|
13,581 |
|
650,598 |
|
Disposals |
- |
|
(1,710) |
|
(1,710) |
|
At 31 August 2025 |
637,017 |
|
11,871 |
|
648,888 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 September 2024 |
- |
|
10,697 |
|
10,697 |
|
Charge for the year |
- |
|
1,438 |
|
1,438 |
|
On disposals |
- |
|
(1,710) |
|
(1,710) |
|
At 31 August 2025 |
- |
|
10,425 |
|
10,425 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 August 2025 |
637,017 |
|
1,446 |
|
638,463 |
|
At 31 August 2024 |
637,017 |
|
2,884 |
|
639,901 |
|
|
| 4 |
Investments |
|
| Other |
| investments |
| £ |
|
Cost |
|
At 1 September 2024 |
1,898,234 |
|
Gain / (Loss) for the year |
360,193 |
|
|
At 31 August 2025 |
2,258,427 |
|
|
| 5 |
Debtors |
2025 |
|
2024 |
| £ |
£ |
|
|
Other debtors |
2,750 |
|
3,662 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Creditors: amounts falling due within one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Taxation and social security costs |
2,341 |
|
22,962 |
|
Other creditors |
175,045 |
|
168,407 |
|
|
|
|
|
|
177,386 |
|
191,369 |
|
|
|
|
|
|
|
|
|
|
| 7 |
Related party transactions |
|
|
At 31 August 2025 loans outstanding to Mr P J Breen amounted to £150,000 (2024 £150,000). |
|
|
| 8 |
Other information |
|
|
P J Breen Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
Apartment 148 |
|
Avant Garde Tower |
|
1 Avant Garde Place |
|
London |
|
E1 6GS |