The P R Munson Group Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 03454456

The P R Munson Group Limited

Unaudited financial statements

31 March 2026

The P R Munson Group Limited

Statement of financial position

31 March 2026

	2026		2025
Note	£	£	£	£

Fixed assets

Tangible assets	5	2,852,861	2,770,258
Investments	6	5,704	5,704
		-----------	-----------
		2,858,565	2,775,962

Current assets

Debtors	7	1,251,806	1,257,158
Cash at bank and in hand		94,202	99,905
		-----------	-----------
		1,346,008	1,357,063

Creditors: Amounts falling due within one year	8	( 155,025)		( 121,734)
		-----------		-----------
Net current assets			1,190,983		1,235,329
			-----------		-----------
Total assets less current liabilities			4,049,548		4,011,291

Provisions

Taxation including deferred tax	( 13,231)	( 13,263)
	-----------	-----------
Net assets	4,036,317	3,998,028
	-----------	-----------

Capital and reserves

Called up share capital	5,706	5,706
Profit and loss account	4,030,611	3,992,322
	-----------	-----------
Shareholders funds	4,036,317	3,998,028
	-----------	-----------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

The P R Munson Group Limited

Statement of financial position (continued)

31 March 2026

These financial statements were approved by the board of directors and authorised for issue on 13 July 2026 , and are signed on behalf of the board by:

S J Munson

Director

Company registration number: 03454456

The P R Munson Group Limited

Notes to the financial statements

Year ended 31 March 2026

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is The Coach Depot, Ipswich Road, Hadleigh, Suffolk, IP7 6BG.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.

Consolidation

The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.

Judgements and key sources of estimation uncertainty

Estimates and judgements used in preparing the financial statements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. The resulting accounting estimates will, by definition seldom equal the related actual results. Any subsequent changes are accounted for with an effect on income at the time such updated information is available. The estimates and assumptions that have a significant effect on the carrying amounts of assets and liabilities are discussed below: In applying the Company's accounting policies for investment properties carried at fair value, consideration was given to the valuation of the Company's properties at the reporting date. Further detail of the estimate has been included in the tangible assets note.

Revenue recognition

Turnover is recognised at the fair value of the consideration received or receivable in the ordinary course of business, and is shown net of Value Added Tax. Rental income is recognised on an accruals basis in line with lease terms and arises solely in the UK.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

	Fixtures and fittings	-	15% reducing balance

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Employee numbers

The average number of employees during the year was 4 (2025: 4 ).

5. Tangible assets

	Investment property	Fixtures and fittings	Total
	£	£	£
Cost
At 1 April 2025	2,760,388	13,742	2,774,130
Additions	82,729	1,546	84,275
	-----------	-------	-----------
At 31 March 2026	2,843,117	15,288	2,858,405
	-----------	-------	-----------
Depreciation
At 1 April 2025	–	3,872	3,872
Charge for the year	–	1,672	1,672
	-----------	-------	-----------
At 31 March 2026	–	5,544	5,544
	-----------	-------	-----------
Carrying amount
At 31 March 2026	2,843,117	9,744	2,852,861
	-----------	-------	-----------
At 31 March 2025	2,760,388	9,870	2,770,258
	-----------	-------	-----------

Investment property comprises of commercial property. The fair value of the Company's investment property at 31 March 2026 has been determined by the directors. In arriving at this valuation, the directors considered evidence of transaction prices for similar properties and other relevant data available at the reporting date. The valuation has been made on an open market value basis and reflects the directors' assessment of fair value in light of current economic conditions.

6. Investments

	Other investments other than loans
	£
Cost
At 1 April 2025 and 31 March 2026	5,704
	------
Impairment
At 1 April 2025 and 31 March 2026	–
	------

Carrying amount
At 31 March 2026	5,704
	------
At 31 March 2025	5,704
	------

7. Debtors

	2026	2025
	£	£
Trade debtors	–	4,704
Other debtors	1,251,806	1,252,454
	-----------	-----------
	1,251,806	1,257,158
	-----------	-----------

The debtors above include the following amounts falling due after more than one year:

	2026	2025
	£	£
Other debtors	4,093	9,721
	------	------

At the reporting date, the Company had an outstanding balance of £1,167,801 due from connected companies. The balances are interest-free, unsecured, and repayable on demand.

8. Creditors: Amounts falling due within one year

	2026	2025
	£	£
Trade creditors	–	6,418
Amounts owed to group undertakings and undertakings in which the company has a participating interest	105,715	75,796
Social security and other taxes	47,188	25,340
Other creditors	2,122	14,180
	---------	---------
	155,025	121,734
	---------	---------

At the reporting date, the company had an outstanding balance of £105,715 due to a group company. The balance is interest-free, unsecured, and repayable on demand.

9. Directors' advances, credits and guarantees

Included within debtors at the year end are directors loan accounts totalling £72,428 (2025: £84,472). The maximum overdrawn balance during the year was £116,938 (2025: £102,329). Interest of £1,707 was charged at the official rate.