PGM Investments Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 08993291 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 August 2025

for

PGM Investments Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

P G Medd

W Medd

REGISTERED OFFICE:

Hillside House

Upleatham

Redcar

TS11 8AG

REGISTERED NUMBER:

08993291 (England and Wales)

ACCOUNTANTS:

Clive Owen LLP

Chartered Accountants

140 Coniscliffe Road

DARLINGTON

Co Durham

DL3 7RT

FIXED ASSETS

Tangible assets

4

679

-

Investments

5

1,250,000

Investment property

6

614,725

740,011

1,865,404

1,990,011

CURRENT ASSETS

Debtors

7

49,665

47,411

Investments

8

2,809,036

2,329,998

Cash at bank

55,096

321,256

2,913,797

2,698,665

CREDITORS

Amounts falling due within one year

9

(38,397

)

(66,419

)

NET CURRENT ASSETS

2,875,400

2,632,246

TOTAL ASSETS LESS CURRENT
LIABILITIES

4,740,804

4,622,257

CREDITORS

Amounts falling due after more than one
year

10

(1,173,004

)

(1,171,004

)

NET ASSETS

3,567,800

3,451,253

CAPITAL AND RESERVES

Called up share capital

11

200

Retained earnings

3,567,600

3,451,053

SHAREHOLDERS' FUNDS

3,567,800

3,451,253

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

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

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 April 2026 and were signed on its behalf by:

P G Medd - Director

1.	STATUTORY INFORMATION

PGM Investments Ltd 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

There were no material departures from that standard.

The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose transactions with related parties conducted under normal business terms.

Turnover

Turnover represents rental income receivable.

Income Recognition

Rental income is recognised in accordance with the contractual terms of the lease.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Financial instruments

Basic financial instruments are recognised at amortised cost with changes recognised in profit or loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Fixed asset investments

Fixed asset investments are stated at cost less provision for diminution in value.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

COST

At 1 September 2024

3,606

-

3,606

Additions

-

758

At 31 August 2025

3,606

758

4,364

DEPRECIATION

At 1 September 2024

3,606

-

3,606

Charge for year

-

79

At 31 August 2025

3,606

79

3,685

NET BOOK VALUE

At 31 August 2025

-

679

At 31 August 2024

-

5.	FIXED ASSET INVESTMENTS

Unlisted

investments

£

COST

At 1 September 2024

and 31 August 2025

1,250,000

NET BOOK VALUE

At 31 August 2025

1,250,000

At 31 August 2024

1,250,000

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 September 2024

740,011

Disposals

(125,286

)

At 31 August 2025

614,725

NET BOOK VALUE

At 31 August 2025

614,725

At 31 August 2024

740,011

The investment property has been reviewed by the Directors as at 31 August 2025 and have concluded that the valuation above also reflects the market value.

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Other debtors

47,361

Prepayments and accrued income

2,304

50

49,665

47,411

8.	CURRENT ASSET INVESTMENTS

2025

2024

£

Unlisted investments

2,809,036

2,329,998

9.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Taxation and social security

31,303

59,799

Director's current account

4,530

4,520

Accruals and deferred income

2,564

2,100

38,397

66,419

10.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

2025

2024

£

Other creditors

1,173,004

1,171,004

This amount is due equally to the B,C,D and E Shareholders.

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

163

Ordinary

£1

163

20

"A" Ordinary

£1

20

4

"B" Ordinary

£1

4

"C" Ordinary

£1

4

"D" Ordinary

£1

4

"E" Ordinary

£1

4

1

"F" Ordinary

£1

1

200