Company Registration No. 03819227 (England and Wales)
P.D.R. LTD.
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2025
PAGES FOR FILING WITH REGISTRAR
P.D.R. LTD.
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 7
P.D.R. LTD.
BALANCE SHEET
AS AT
30 NOVEMBER 2025
30 November 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
4
98,172
87,922
Current assets
Stocks
33,948
46,295
Debtors
5
6,508,171
4,808,939
Investments - bank term deposits
6
500,000
1,000,000
Cash at bank and in hand
740,925
1,215,918
7,783,044
7,071,152
Creditors: amounts falling due within one year
7
(4,085,971)
(3,653,103)
Net current assets
3,697,073
3,418,049
Total assets less current liabilities
3,795,245
3,505,971
Provisions for liabilities
(9,210)
(3,282)
Net assets
3,786,035
3,502,689
Capital and reserves
Called up share capital
8
10,300
10,300
Profit and loss reserves
3,775,735
3,492,389
Total equity
3,786,035
3,502,689

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

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 9 July 2026 and are signed on its behalf by:
D. Wilcockson
Director
Company registration number 03819227 (England and Wales)
P.D.R. LTD.
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2025
- 2 -
1
Accounting policies
Company information

P.D.R. Ltd. is a private company limited by shares incorporated in England and Wales. The registered office is 1201/1203 Hedon Road, Hull, East Yorkshire, HU9 5LY.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and machinery
20% per annum on written down value

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). The recoverable amount is the higher of fair value less costs to sell and value in use.

If the recoverable amount of an asset is estimated to be less than its carrying amount, the carrying amount of the asset is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

1.5
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

P.D.R. LTD.
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2025
1
Accounting policies
(Continued)
- 3 -
1.6
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.7
Financial instruments

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors and loans from fellow group companies, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised at transaction price.

1.8
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.9
Taxation

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

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

P.D.R. LTD.
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2025
1
Accounting policies
(Continued)
- 4 -
1.10
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.11
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.12
Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

1.13

Related party transactions

Advantage has been taken under FRS 102 section 33.1A of the exemption available to groups of companies not to disclose transactions and balances involving group entities.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
22
23
P.D.R. LTD.
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2025
- 5 -
4
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 December 2024
880,305
Additions
29,786
At 30 November 2025
910,091
Depreciation and impairment
At 1 December 2024
792,383
Depreciation charged in the year
19,536
At 30 November 2025
811,919
Carrying amount
At 30 November 2025
98,172
At 30 November 2024
87,922
5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
453,509
672,023
Corporation tax recoverable
41,580
73,303
Amounts owed by group undertakings
6,000,000
4,000,000
Prepayments and accrued income
13,082
63,613
6,508,171
4,808,939
6
Current asset investments
2025
2024
£
£
Investments - bank term deposits
500,000
1,000,000

During the year the company invested in bank term deposits to maximise the interest receivable on cash balances. At 30 November 2025 there was £500,000, (2024: £1,000,000) invested in bank term deposits. These deposits have matured since the year end date.

P.D.R. LTD.
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2025
- 6 -
7
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
212,232
193,404
Amounts owed to group undertakings
3,329,370
2,891,886
Taxation and social security
38,472
78,000
Accruals and deferred income
505,897
489,813
4,085,971
3,653,103
8
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
10,300
10,300
10,300
10,300
9
Audit report information

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006.

The auditor's report is unqualified and includes the following:

Opinion

In our opinion the financial statements:

- give a true and fair view of the state of the company's affairs as at 30 November 2025 and of its profit for the year then ended;

- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

- have been prepared in accordance with the requirements of the Companies Act 2006.

Senior Statutory Auditor:
Douglas Baker FCCA
Statutory Auditor:
Dutton Moore
Date of audit report:
9 July 2026
10
Financial commitments, guarantees and contingent liabilities

The company has unlimited guarantees in respect of bank borrowings with the following group companies:

H & P Freightways Limited

H & P Holdings (2016) Limited

H & P Group Holdings Ltd

In the opinion of the directors the likelihood of the guarantees being called upon is remote. There was no balance due to the bank from the group at the year end (2024: nil).

11
Parent company
P.D.R. LTD.
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2025
11
Parent company
(Continued)
- 7 -

The parent company is H & P Holdings (2016) Limited, a company registered in England and Wales. The ultimate parent company of the group undertakings for which group financial statements are drawn up and of which the company is a member is H & P Group Holdings Ltd, a company registered in England and Wales. H & P Group Holdings Ltd is the smallest and largest consolidated financial statements prepared for the group. Copies of H & P Group Holdings Ltd accounts can be obtained from its registered office of 1201/1203 Hedon Road, Hull, East Yorkshire, HU9 5LY.

2025-11-30 2024-12-01 false false false 09 July 2026 CCH Software CCH Accounts Production 2026.100 No description of principal activity S.D. Page D. Wilcockson 03819227 2024-12-01 2025-11-30 03819227 2025-11-30 03819227 2024-11-30 03819227 core:OtherPropertyPlantEquipment 2025-11-30 03819227 core:OtherPropertyPlantEquipment 2024-11-30 03819227 core:WithinOneYear 2025-11-30 03819227 core:WithinOneYear 2024-11-30 03819227 core:CurrentFinancialInstruments core:WithinOneYear 2025-11-30 03819227 core:CurrentFinancialInstruments core:WithinOneYear 2024-11-30 03819227 core:ShareCapital 2025-11-30 03819227 core:ShareCapital 2024-11-30 03819227 core:RetainedEarningsAccumulatedLosses 2025-11-30 03819227 core:RetainedEarningsAccumulatedLosses 2024-11-30 03819227 core:ShareCapitalOrdinaryShareClass1 2025-11-30 03819227 core:ShareCapitalOrdinaryShareClass1 2024-11-30 03819227 bus:Director2 2024-12-01 2025-11-30 03819227 core:PlantMachinery 2024-12-01 2025-11-30 03819227 2023-12-01 2024-11-30 03819227 core:OtherPropertyPlantEquipment 2024-11-30 03819227 core:OtherPropertyPlantEquipment 2024-12-01 2025-11-30 03819227 core:CurrentFinancialInstruments 2025-11-30 03819227 core:CurrentFinancialInstruments 2024-11-30 03819227 bus:OrdinaryShareClass1 2024-12-01 2025-11-30 03819227 bus:OrdinaryShareClass1 2025-11-30 03819227 bus:OrdinaryShareClass1 2024-11-30 03819227 bus:PrivateLimitedCompanyLtd 2024-12-01 2025-11-30 03819227 bus:SmallCompaniesRegimeForAccounts 2024-12-01 2025-11-30 03819227 bus:FRS102 2024-12-01 2025-11-30 03819227 bus:Audited 2024-12-01 2025-11-30 03819227 bus:Director1 2024-12-01 2025-11-30 03819227 bus:FullAccounts 2024-12-01 2025-11-30 xbrli:pure xbrli:shares iso4217:GBP