PRM Operations Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—4

Registered number: NI022156

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Investments	4		1,022,463		1,022,463

			1,022,463		1,022,463
CURRENT ASSETS
Debtors	5	-		1,225
Cash at bank and in hand		392,134		380,166

		392,134		381,391
Creditors: Amounts Falling Due Within One Year	6	(5,513 )		(5,118 )

NET CURRENT ASSETS (LIABILITIES)			386,621		376,273

TOTAL ASSETS LESS CURRENT LIABILITIES			1,409,084		1,398,736

NET ASSETS			1,409,084		1,398,736

CAPITAL AND RESERVES
Called up share capital	7		21,002		21,002
Profit and Loss Account			1,388,082		1,377,734

SHAREHOLDERS' FUNDS			1,409,084		1,398,736

Page 1

Page 2

PRM Operations Ltd

Balance Sheet (continued)

As At 31 December 2025

For the year ending 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Philip Rex Morrow

Director

19 February 2026

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

PRM Operations Ltd is a private company, limited by shares, incorporated in Northern Ireland. The company's registered number and registered office address can be found on the Company Information page.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

Preparation of consolidated financial statements

The financial statements contain information about PRM Operations Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

2.2. Foreign Currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

2.3. 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. Average Number of Employees

Average number of employees during the year was: NIL (2024: NIL)

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PRM Operations Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

4. Investments

	Subsidiaries
	£
Cost
As at 1 January 2025	1,022,463

As at 31 December 2025	1,022,463

Provision
As at 1 January 2025	-

As at 31 December 2025	-

Net Book Value
As at 31 December 2025	1,022,463

As at 1 January 2025	1,022,463

5. Debtors

	2025	2024
	£	£
Due within one year
Other debtors	-	1,225

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Other creditors	2,101	2,100
Taxation and social security	3,412	3,018

	5,513	5,118

7. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	21,002	21,002

8. Related Party Transactions

	Sales to Related Parties £	Purchases from Related Parties £	Interest Received £	Loan Balances owed to/ (by) PRM Operations Ltd at Year End £	Trade Balances owed to/ (from) PRM Operations Ltd at Year End £
Transactions with Other Related Parties	-	-	15,960	-	-

9. Ultimate Controlling Party

The ultimate controlling party is the Director due to his equity shareholding.

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