REGISTERED NUMBER: 13060673 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2025

for

PG & B Property Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

P Meehan

Mrs B Meehan

REGISTERED OFFICE:

Regency House

33 Wood Street

Barnet

Hertfordshire

EN5 4BE

REGISTERED NUMBER:

13060673 (England and Wales)

ACCOUNTANTS:

Cartwrights

Chartered Accountants and Business Advisors

Regency House

33 Wood Street

Barnet

Hertfordshire

EN5 4BE

FIXED ASSETS

Tangible assets

5

36

99

Investment property

6

802,845

411,203

802,881

411,302

CURRENT ASSETS

Debtors

7

2,775

2,550

Cash at bank

33,681

353,255

36,456

355,805

CREDITORS

Amounts falling due within one year

8

406,433

406,686

NET CURRENT LIABILITIES

(369,977

)

(50,881

)

TOTAL ASSETS LESS CURRENT LIABILITIES

432,904

360,421

CREDITORS

Amounts falling due after more than one year

9

(357,153

)

(357,150

)

PROVISIONS FOR LIABILITIES

(18,449

)

-

NET ASSETS

57,302

3,271

CAPITAL AND RESERVES

Called up share capital

100

100

Fair value reserve

11

55,348

-

Retained earnings

1,854

3,171

57,302

3,271

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 June 2026 and were signed on its behalf by:

Mrs B Meehan - Director

1.	STATUTORY INFORMATION

PG & B Property Ltd 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.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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.

Rental income is recognised on a straight line basis over the term of the lease.

Tangible fixed assets

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

Plant and machinery etc

-

25% on cost

Investment property

Investment property, which is property held to earn rentals and/or capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. The surplus or deficit on revaluation is recognised in the profit and loss accounts.

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.

4.	EMPLOYEES AND DIRECTORS

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

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2025

and 31 December 2025

249

DEPRECIATION

At 1 January 2025

150

Charge for year

63

At 31 December 2025

213

NET BOOK VALUE

At 31 December 2025

36

At 31 December 2024

99

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2025

411,203

Additions

317,844

Revaluations

73,798

At 31 December 2025

802,845

NET BOOK VALUE

At 31 December 2025

802,845

At 31 December 2024

411,203

Fair value at 31 December 2025 is represented by:

£

Valuation in 2025

73,798

Cost

729,047

802,845

If investment property had not been revalued it would have been included at the following historical cost:

31/12/25

31/12/24

£

£

Cost

729,047

-

Investment property was valued on an open market basis on 31 December 2025 by the directors .

The fair values of the investment properties have been determined based on valuations conducted during the year by the bank for refinancing purposes. These valuations were performed on an open market value basis.

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/25

31/12/24

£

£

Other debtors

2,775

2,550

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/25

31/12/24

£

£

Taxation and social security

-

928

Other creditors

406,433

405,758

406,433

406,686

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31/12/25

31/12/24

£

£

Bank loans

357,153

357,150

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more than 5 years

357,153

357,150

10.	SECURED DEBTS

The following secured debts are included within creditors:

31/12/25

31/12/24

£

£

Bank loans

357,153

-

The bank loans are secured by fixed charges over properties owned by the company and by personal guarantees provided by the directors.

11.

RESERVES

Fair

value

reserve

£

Transfer between reserves

55,348

At 31 December 2025

55,348

12.	RELATED PARTY DISCLOSURES

At the balance sheet date the company owed £3,423 (2024: £3,423) to the directors.

At the balance sheet date, the company owed £398,344 (2024: £398,344) to a company under common control. This loan is repayable on demand and is not subject to any interest charge.

13.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is P & B Meehan.