General Information
PBB Property and Investments Ltd is a private company, limited by shares, registered in England and Wales, registration number 13500085, registration address 93 Ynysddu, Pontyclun, Rhondda Cynon Taf, CF72 9UB.
The presentation currency is £ sterling.
| 1. |
Accounting policies
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for rent and provision of services in the ordinary course of the companys activities. Turnover is shown net of returns, rebates and discounts.
The company recognises revenue when: The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.
Taxation
The tax expense for the period comprises deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
Deferred taxation
Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when 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 and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
| Land and buildings |
0% straight line |
Investment properties
Investment properties are properties held to earn rentals and/or for capital appreciation.
Investment properties should be recognised initially at cost and subsequently investment properties are measured at fair value. Gains and losses arising from changes in the fair value of investment properties are included in profit or loss in the period in which they arise.
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
|
| 2. |
Average number of employees
Average number of employees during the year was 1 (2024 : 1).
|
| 3. |
Tangible fixed assets
| Cost or valuation |
Land and buildings |
|
Total |
| |
£ |
|
£ |
| At 01 August 2024 |
200,000 |
|
200,000 |
| Additions |
160,360 |
|
160,360 |
| Disposals |
- |
|
- |
| Revaluations |
10,000 |
|
10,000 |
| At 31 July 2025 |
370,360 |
|
370,360 |
| Depreciation |
| At 01 August 2024 |
- |
|
- |
| Charge for year |
- |
|
- |
| On disposals |
- |
|
- |
| At 31 July 2025 |
- |
|
- |
| Net book values |
| Closing balance as at 31 July 2025 |
370,360 |
|
370,360 |
| Opening balance as at 01 August 2024 |
200,000 |
|
200,000 |
Included within the net book value of land and buildings above is £370,360 in respect of freehold land and buildings.
Revaluation
The fair value of the company's freehold property was revalued on 31 July 2025. An independent valuer was not involved.
The properties were revalued by the company directors on an open market value basis.
Had this class of asset been measured on a historical cost basis, the carrying amount would have been £323,141.
|
| 4. |
Debtors: amounts falling due within one year
|
2025
£ |
|
2024
£ |
| Prepayments & Accrued Income |
542 |
|
870 |
| Other Debtors |
3,474 |
|
1,858 |
|
4,016 |
|
2,728 |
|
| 5. |
Creditors: amount falling due within one year
|
2025
£ |
|
2024
£ |
| Accrued Expenses |
2,040 |
|
1,020 |
| Directors' Current Accounts |
104,580 |
|
101,580 |
|
106,620 |
|
102,600 |
|
| 6. |
Creditors: amount falling due after more than one year
|
2025
£ |
|
2024
£ |
| Bank Loans & Overdrafts (secured) |
225,610 |
|
116,241 |
|
225,610 |
|
116,241 |
Creditors: amounts falling due after more than one year include interest only mortgages which are secured of £225,610.
Creditors: amounts falling due after more than one year include interest only mortgages repayable by instalments of £225,610.
|
| 7. |
Provisions for liabilities
|
2025
£ |
|
2024
£ |
| Deferred Tax |
6,164 |
|
3,049 |
| Charged to Profit & Loss |
145 |
|
265 |
| Deferred tax charge on property revaluation in year |
1,900 |
|
2,850 |
|
8,209 |
|
6,164 |
|
| 8. |
Share Capital
Allotted, called up and fully paid
|
2025
£ |
|
2024
£ |
|
100
ordinary shares of £1.00 each |
100 |
|
100 |
|
100 |
|
100 |
|
| 9. |
Reserves
The profit and loss account includes non distributable reserves totalling £38,246. These amounts relate to the revaluation of property.
|
2
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