P&M Services Ltd - Filleted accounts

Registered number

10938822

P&M Services Ltd

Filleted Accounts

31 August 2025

P&M Services Ltd
Registered number:		10938822
Balance Sheet
as at 31 August 2025

Notes			2025			2024
£				£
Fixed assets
Investment property	3		3,500,653			3,410,652

Current assets
Debtors	4	65,443			158
Cash at bank and in hand		407,705			33,394
		473,148			33,552

Creditors: amounts falling due within one year	5	(1,231,769)			(1,169,156)

Net current liabilities			(758,621)			(1,135,604)

Total assets less current liabilities			2,742,032			2,275,048

Creditors: amounts falling due after more than one year	6		(2,294,961)			(1,844,998)



Net assets			447,071			430,050

Capital and reserves
Called up share capital			100			100
Revaluation reserve	7		359,510			359,510
Depreciation reversal			-			50,000
Profit and loss account			87,461			20,440

Shareholder's funds			447,071			430,050

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.




Satinderpal Singh
Director
Approved by the board on 29 May 2026

P&M Services Ltd
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 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 buildings	over 50 years
	Leasehold land and buildings	over the lease term

	Investment Property
	Investment properties are properties held to earn rentals and/or for capital appreciation. Investment properties are initially measured at cost, including transaction costs. Gains and losses arising from changes in the fair value of investment properties are included in profit or loss in the period in which they arise; and no depreciation is provided in respect of investment properties applying the fair value model. Investment property fair value is determined by the director based on his understanding of property market conditions and derived from current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific assets.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods.

	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.

	Leased assets
	A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.


2	Employees		2025		2024
Number				Number

	Average number of persons employed by the company		1		1


3	Investment property
					Investment property
£
	Cost
	At 1 September 2024				3,410,653
	Additions				90,000
	At 31 August 2025				3,500,653

	Depreciation
	At 31 August 2025				-

	Net book value
	At 31 August 2025				3,500,653
	At 31 August 2024				3,410,653
	The company's investment properties were valued by director, based on his understanding of the property market conditions and derived from current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific assets.


4	Debtors		2025		2024
£				£

	Trade debtors		3,443		158
	Other debtors		62,000		-
			65,443		158


5	Creditors: amounts falling due within one year		2025		2024
£				£

	Trade creditors		3,079		120
	Taxation and social security costs		3,993		7,072
	Other creditors		1,224,697		1,161,964
			1,231,769		1,169,156


6	Creditors: amounts falling due after one year		2025		2024
£				£

	Bank loans		2,294,961		1,844,998


7	Revaluation reserve		2025		2024
£				£

	At 1 September 2024		359,510		-
	Gain on revaluation of land and buildings		-		359,510

	At 31 August 2025		359,510		359,510


8	Related party transactions

	At the balance sheet date, the company owes: £7,305 (2024 - 18,175) to director and £1,213,991 (2024 - £1,183,090) to PNM Construction Ltd, a company under common control.


9	Controlling party

	Mr Satinderpal Singh is the ultimate controlling party.


10	Other information

	P&M Services Ltd is a private company limited by shares and incorporated in England. Its registered office is:
	2 Cambridge Road
	Ilford
	Essex
	IG3 8LU