REGISTERED NUMBER: 10731958 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 April 2025

for

PB Southern Capital Ltd

Page

Statement of Financial Position

1

Notes to the Financial Statements

3

FIXED ASSETS

Investment property

4

115,000

100,000

CURRENT ASSETS

Debtors

5

255

200

CREDITORS

Amounts falling due within one year

6

69,417

66,771

NET CURRENT LIABILITIES

(69,162

)

(66,571

)

TOTAL ASSETS LESS CURRENT LIABILITIES

45,838

33,429

PROVISIONS FOR LIABILITIES

4,574

2,216

NET ASSETS

41,264

31,213

CAPITAL AND RESERVES

Called up share capital

7

100

100

Fair value reserve

8

22,091

9,449

Retained earnings

19,073

21,664

SHAREHOLDERS' FUNDS

41,264

31,213

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 May 2026 and were signed on its behalf by:

Mr Ben Bundy - Director

1.	STATUTORY INFORMATION

PB Southern Capital Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

10731958

Registered office:

01 Meadlake Place

Thorpe Lea Road

Egham

Surrey

TW20 8HE

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover

Turnover represents the fair value of rent received or receivable from the investment property, excluding discounts, rebates, value added tax and other sales taxes.

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.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	INVESTMENT PROPERTY

Total

£

COST OR VALUATION

At 1 May 2024

100,000

Revaluations

15,000

At 30 April 2025

115,000

NET BOOK VALUE

At 30 April 2025

115,000

At 30 April 2024

100,000

Cost or valuation at 30 April 2025 is represented by:

£

Valuation in 2020

11,665

Valuation in 2022

(11,665

)

Valuation in 2024

11,665

Valuation in 2025

15,000

Cost

88,335

115,000

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.25

30.4.24

£

£

Other debtors

255

200

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.25

30.4.24

£

£

Taxation and social security

-

1,435

Other creditors

69,417

65,336

69,417

66,771

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.4.25

30.4.24

value:

£

£

100

Ordinary

£1

100

100

8.

RESERVES

Fair

value

reserve

£

At 1 May 2024

9,449

Transfer to/from reserves

12,642

At 30 April 2025

22,091

9.	RELATED PARTY DISCLOSURES

The company was owed £34,709 (2024: £32,688) from its director, Mr Ben Bundy who is also a 50% shareholder of the company as at accounting year end date.

The company was owed £34,708 (2024: £32,668) from its director, Mr Stjepan Paric who is also a 50% shareholder of the company as at accounting year end date.