PRM Enterprises Ltd

	Page
Balance Sheet	1
Notes to the Financial Statements	2—5

1. General Information

PRM Enterprises Ltd is a private company, limited by shares, incorporated in Northern Ireland, registered number NI044880 . The registered office is Rathdown Road, Lissue Industrial Estate, Moira Road, Lisburn, BT28 2RE. The financial statements have been presented in Sterling (£) which is also the functional currency of the company.

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.

2.2. Turnover

Turnover represents the total invoice value, excluding value added tax, of sales made during the year and derives from the provision of goods and services falling within the company's ordinary activities.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold	Not depreciated
Plant & Machinery	25% on cost

2.4. Investment Properties

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

2.5. Foreign Currencies

Monetary 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 ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

2.6. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

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

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PRM Enterprises Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

4. Tangible Assets

	Land & Property
	Freehold	Plant & Machinery	Total
	£	£	£
Cost or Valuation
As at 1 January 2025	2,736,888	577,303	3,314,191
Additions	1,473,898	-	1,473,898
Disposals	-	(250,000 )	(250,000 )

As at 31 December 2025	4,210,786	327,303	4,538,089

Depreciation
As at 1 January 2025	-	495,303	495,303
Provided during the period	-	6,000	6,000
Disposals	-	(180,000 )	(180,000 )

As at 31 December 2025	-	321,303	321,303

Net Book Value
As at 31 December 2025	4,210,786	6,000	4,216,786

As at 1 January 2025	2,736,888	82,000	2,818,888

Freehold land & property includes property at Moira Road, Lisburn. The property is carried at cost. FRS 102 states that depreciation must be charged in respect of freehold property. However the directors assess that as the property is maintained to a high standard it will not decrease in value, and have therefore opted not to depreciate the property. This policy represents a departure from the requirements of the Companies Act 2006, to provide systematic annual depreciation for fixed assets. However the directors consider the adoption of this policy necessary to give a true and fair view.

5. Investment Property

	2025
	£
Fair Value
As at 1 January 2025 and 31 December 2025	7,820,000

Investment property consists of offices, cold stores and warehousing at Rathdown Road, Lissue Industrial Estate, Moira Road, Lisburn and Altnagelvin Industrial Estate, Londonderry. The property has been valued at an open market value of £7,820,000 by Harry Crosby (MRICS), for and on behalf of Osborne King acting as external independent valuers. The valuation indicating the value of the properties was given on 12 May 2025. The Directors feel that, at the balance sheet date, given the condition of the property and knowledge of the current local market, that this valuation would reflect the fair value of the property.

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	12,657	34,098
Other debtors	201,334	153,377

	213,991	187,475

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PRM Enterprises Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	11,716	149,440
Bank loans and overdrafts	6,400,691	5,405,813
Other creditors	172,663	36,002
Taxation and social security	98,700	23,941

	6,683,770	5,615,196

8. Secured Creditors

Of the creditors the following amounts are secured.

	2025		2024
	£		£
Bank loans and overdrafts	6,400,691		5,405,813

The Bank holds a legal charge over the site at Lissue Industrial Estate, Rathdown Road, Lisburn and also a legal charge over the property at Unit 4 Glenaden Complex, Altnagelvin Industrial Estate, Londonderry.

9. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	10,002	10,002

10. Related Party Disclosures

	Sales to Related Parties £	Purchases from Related Parties £	Other Services from/(to) Related Parties £	Loan Balances owed to/ (by) PRM Enterprises Ltd at Year End £	Trade Balances owed to/ (by) PRM Enterprises Ltd at Year End £
Transactions with Group Companies	60,000	-	56,999	-	-
Transactions with Other Related Parties	473,980	-	6,090	-	(26,400)

11. Controlling Parties

The ultimate controlling parties are the Directors due to their equity shareholding in the parent company which is:

PRM Group Limited

Registered office address:

Rathdown Road

Lissue Industrial Estate

Moira Road

Lisburn

Co Antrim

BT28 2RE

12. FRC's Ethical Standard - Provision Available for Small Entities

In common with other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements.

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PRM Enterprises Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

13. Audit Information

The auditor's report on the accounts of PRM Enterprises Ltd for the year ended 31 December 2025 was unqualified.

The auditor's report was signed by John McCleary (Senior Statutory Auditor) for and on behalf of McCleary & Company Ltd , Statutory Auditor.

McCleary & Company Ltd

Garvey Studios

14 Longstone Street

Lisburn

Co Antrim

BT28 1TP

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		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		4,216,786		2,818,888
Investment Properties	5		7,820,000		7,820,000

			12,036,786		10,638,888
CURRENT ASSETS
Debtors	6	213,991		187,475

		213,991		187,475
Creditors: Amounts Falling Due Within One Year	7	(6,683,770 )		(5,615,196 )

NET CURRENT ASSETS (LIABILITIES)			(6,469,779 )		(5,427,721 )

TOTAL ASSETS LESS CURRENT LIABILITIES			5,567,007		5,211,167

PROVISIONS FOR LIABILITIES
Deferred Taxation			(8,801 )		-

NET ASSETS			5,558,206		5,211,167

CAPITAL AND RESERVES
Called up share capital	9		10,002		10,002
Profit and Loss Account			5,548,204		5,201,165

SHAREHOLDERS' FUNDS			5,558,206		5,211,167

Mr Philip Rex Morrow Director	Mrs Norma Lynne Morrow Director
1 June 2026