Property & Investment Management Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 02890214 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2025

FOR

PROPERTY & INVESTMENT MANAGEMENT LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

P J Marsh MRICS

SECRETARY:

P J Marsh MRICS

REGISTERED OFFICE:

39 Windsor End

Old Town

Beaconsfield

Buckinghamshire

HP9 2JN

REGISTERED NUMBER:

02890214 (England and Wales)

ACCOUNTANTS:

N S Lucas & Co

The Courtyard

80 High Street

Amersham

Buckinghamshire

HP7 0DS

FIXED ASSETS

Tangible assets

4

9,011,771

9,011,861

Investments

5

120,000

9,131,771

9,131,861

CURRENT ASSETS

Debtors

6

172,838

200,356

Investments

7

1

Cash at bank and in hand

2,023,507

1,224,803

2,196,346

1,425,160

CREDITORS

Amounts falling due within one year

8

775,536

395,263

NET CURRENT ASSETS

1,420,810

1,029,897

TOTAL ASSETS LESS CURRENT
LIABILITIES

10,552,581

10,161,758

CREDITORS

Amounts falling due after more than one
year

9

(9,021,921

)

(9,035,665

)

PROVISIONS FOR LIABILITIES

10

(21,600

)

(21,600

)

NET ASSETS

1,509,060

1,104,493

CAPITAL AND RESERVES

Called up share capital

11

1,000,000

Retained earnings

12

509,060

104,493

SHAREHOLDERS' FUNDS

1,509,060

1,104,493

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 13 July 2026 and were signed by:

P J Marsh MRICS - Director

1.	STATUTORY INFORMATION

Property & Investment Management Limited 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.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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. The financial statements have been prepared under the historical cost convention, as modified for the revaluation of investment properties.

Turnover

Turnover comprises gross rents receivable, excluding value added tax.

Tangible fixed assets

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

Land and buildings Cost/Valuation

-

not provided

Plant and machinery etc

-

25% on reducing balance

Land and buildings, which include freehold and long leasehold properties, represent investment properties which have been stated at fair value by the directors, in accordance with FRS102.

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.

Pension costs and other post-retirement benefits

The company operates defined contribution pension schemes. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Current asset investments

Current asset investments have been stated at historical cost with diminutions in value charged to the profit and loss account.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Land and

Furniture

Buildings

& Equipment

Totals

£

COST

At 1 November 2024

and 31 October 2025

9,011,500

23,715

9,035,215

DEPRECIATION

At 1 November 2024

-

23,354

Charge for year

-

90

At 31 October 2025

-

23,444

NET BOOK VALUE

At 31 October 2025

9,011,500

271

9,011,771

At 31 October 2024

9,011,500

361

9,011,861

Land and Buildings is stated at cost/valuation.

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 November 2024

and 31 October 2025

120,000

NET BOOK VALUE

At 31 October 2025

120,000

At 31 October 2024

120,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade debtors

68,879

118,072

Other debtors

103,549

64,436

VAT

-

11,502

Prepayments

410

6,346

172,838

200,356

7.	CURRENT ASSET INVESTMENTS

2025

2024

£

Unlisted investment at valuation

1

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Other loan (unsecured)

-

21,138

Tax

156,947

83,257

Social security and other taxes

13,695

-

Other creditors

17,169

19,848

Due to subsidiary companies

120,000

Rent deposits held

313,556

14,982

Accruals and deferred income

154,169

136,038

775,536

395,263

Rent deposits held are represented by individual and specific bank accounts.

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

2025

2024

£

Inter company loan - Xanit

Holdings Ltd

9,021,921

9,035,665

9,021,921

9,035,665

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Inter company loan - Xanit

Holdings Ltd

9,021,921

9,035,665

9,021,921

9,035,665

10.	PROVISIONS FOR LIABILITIES

2025

2024

£

Deferred tax

21,600

Deferred

tax

£

Balance at 1 November 2024

21,600

Balance at 31 October 2025

21,600

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

1,000,000

Ordinary

£1

1,000,000

12.

RESERVES

Retained

earnings

£

At 1 November 2024

104,493

Profit for the year

546,299

Dividends

(141,732

)

At 31 October 2025

509,060

13.	RELATED PARTY DISCLOSURES

The Company contracts with Philip Marsh Collins Deung Limited in respect of the provision of property management and advisory services. P J Marsh is a director and shareholder in Philip Marsh Collins Deung Limited and during the year fees of £38,430 have been paid to that Company..

14.	ULTIMATE PARENT COMPANY

Following a group reconstruction in October 2024, the Director now considers the ultimate controlling entity for the Property & Investment Management Limited group to be Xanit Holdings Ltd, a company incorporated in the UK, company no. 15968915.

15.	SUBSIDIARIES

Property & Investment Management Limited has two wholly owned subsidiaries, The Bridge Property Company Limited and Bridge Benington Ltd , which are incorporated in England and Wales.

Property & Investment Management Limited has taken advantage of the exemption to prepare group accounts under S.398 of the Companies Act 2006, on the grounds that the Group constitutes a small group.