REGISTERED NUMBER: 11693279 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026

FOR

PBF PROPERTIES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Gray8 Investments Group Ltd

Mr T J Gray

Mr B S Gray

REGISTERED OFFICE:

Ground Floor Marlborough House,

298 Regents Park Road,

United Kingdom,

London

N3 2SZ

REGISTERED NUMBER:

11693279 (England and Wales)

ACCOUNTANTS:

Fusion Accountancy Limited

Marlborough House

298 Regents Park Road

London

N3 2SZ

FIXED ASSETS

Intangible assets

4

13,352

13,352

Tangible assets

5

748

2,279

Investment property

6

3,658,418

3,155,500

3,672,518

3,171,131

CURRENT ASSETS

Debtors

7

3,750

43,500

Cash at bank

107,512

107,921

111,262

151,421

CREDITORS

Amounts falling due within one year

8

1,029,626

938,737

NET CURRENT LIABILITIES

(918,364

)

(787,316

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,754,154

2,383,815

CREDITORS

Amounts falling due after more than one year

9

(1,727,370

)

(1,394,845

)

PROVISIONS FOR LIABILITIES

(255,758

)

(252,008

)

NET ASSETS

771,026

736,962

CAPITAL AND RESERVES

Called up share capital

10

2

2

Revaluation reserve

11

767,274

756,024

Retained earnings

11

3,750

(19,064

)

SHAREHOLDERS' FUNDS

771,026

736,962

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 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 5 June 2026 and were signed on its behalf by:

Mr B S Gray - Director

1.	STATUTORY INFORMATION

PBF Properties Limited 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 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of ten years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures & Fittings 25% on cost

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 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2025 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 April 2025

and 31 March 2026

13,352

NET BOOK VALUE

At 31 March 2026

13,352

At 31 March 2025

13,352

5.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 April 2025

and 31 March 2026

9,031

DEPRECIATION

At 1 April 2025

6,752

Charge for year

1,531

At 31 March 2026

8,283

NET BOOK VALUE

At 31 March 2026

748

At 31 March 2025

2,279

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2025

3,155,500

Additions

487,918

Revaluations

15,000

At 31 March 2026

3,658,418

NET BOOK VALUE

At 31 March 2026

3,658,418

At 31 March 2025

3,155,500

Fair value at 31 March 2026 is represented by:

£

Valuation in 2022

361,700

Valuation in 2023

304,762

Valuation in 2024

178,466

Valuation in 2025

163,104

Valuation in 2026

15,000

Cost

2,635,386

3,658,418

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Trade debtors

3,750

7,500

Other debtors

-

36,000

3,750

43,500

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Bank loans and overdrafts

2,466

3,859

Trade creditors

-

31,738

Corporation tax

7,077

-

Other creditors

401,403

734,460

Director's current account

616,832

166,832

Accruals and deferred income

1,848

1,848

1,029,626

938,737

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.26

31.3.25

£

£

Bank loans - 2-5 years

-

2,667

Other creditors

1,727,370

1,392,178

1,727,370

1,394,845

The bank loan is part of the BBL Scheme that was launched on 27 April 2020. The scheme is 100% government backed. The interest rate is 2.5% per year and the term of the loan is 5 years, and early repayment is possible without additional charges.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.26

31.3.25

value:

£

£

2

Ordinary shares

1

2

2

11.

RESERVES

Retained

Revaluation

earnings

reserve

Totals

£

£

£

At 1 April 2025

(19,064

)

756,024

736,960

Profit for the year

34,064

34,064

Transfer from revaluation rese

(11,250

)

11,250

-

At 31 March 2026

3,750

767,274

771,024

12.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2026 and 31 March 2025:

31.3.26

31.3.25

£

£

Mr T J Gray

Balance outstanding at start of year

83,597

86,597

Amounts advanced

225,050

-

Amounts repaid

(50

)

(3,000

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

308,597

83,597

Mr B S Gray

Balance outstanding at start of year

83,235

93,235

Amounts advanced

225,050

-

Amounts repaid

(50

)

(10,000

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

308,235

83,235

13.	ULTIMATE CONTROLLING PARTY

The controlling parties are the company directors by virtue of their shareholdings.