Company registration number 11979975 (England and Wales)
PD EBT INVESTMENTS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
PAGES FOR FILING WITH REGISTRAR
PD EBT INVESTMENTS LIMITED
COMPANY INFORMATION
Directors
Mr J W Morris
Mrs J Brand
Mrs S Morris
Mr O N Brand
Company number
11979975
Registered office
Cabourn House
Station Street
Bingham
Nottinghamshire
United Kingdom
NG13 8AQ
Accountants
Xeinadin
Cabourn House
Station Street
Bingham
Nottinghamshire
United Kingdom
NG13 8AQ
PD EBT INVESTMENTS LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 6
PD EBT INVESTMENTS LIMITED
BALANCE SHEET
AS AT 31 MARCH 2026
31 March 2026
- 1 -
2026
2025
Notes
£
£
£
£
Fixed assets
Investment property
5
17,200,000
17,200,000
Current assets
Debtors
7
226,796
179,471
Cash at bank and in hand
641,672
559,416
868,468
738,887
Creditors: amounts falling due within one year
8
(525,076)
(496,517)
Net current assets
343,392
242,370
Total assets less current liabilities
17,543,392
17,442,370
Creditors: amounts falling due after more than one year
9
(5,419,737)
(5,577,632)
Net assets
12,123,655
11,864,738
Capital and reserves
Called up share capital
1,000
1,000
Share premium account
13,724,000
13,724,000
Profit and loss reserves
(1,601,345)
(1,860,262)
Total equity
12,123,655
11,864,738
PD EBT INVESTMENTS LIMITED
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2026
31 March 2026
- 2 -

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

T he 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 Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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 11 August 2026 and are signed on its behalf by:
Mr J W Morris
Mr O N Brand
Director
Director
Company registration number 11979975 (England and Wales)
PD EBT INVESTMENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
- 3 -
1
Accounting policies
Company information

PD EBT Investments Limited is a private company limited by shares incorporated in England and Wales. The registered office is Cabourn House, Station Street, Bingham, Nottinghamshire, United Kingdom, NG13 8AQ.

1.1
Basis of preparation

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, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover represents net invoiced rental income, excluding value added tax.

Where the rental period straddles the financial year end, the proportion that relates to the following year is deferred. Equally if the invoice falls in the following year, any element of the rent that relates to the current year is accrued.

In the case of rent reviews, the retrospective element is realised where the rent memorandum has been signed by both tenant and landlord before the accounts are approved by the directors.

1.3
Investment property

Investment property is shown at fair value. Fair value is determined by referring to open market valuations of the property portfolio updated as considered necessary by the directors to adjust for current market conditions. Revaluation surpluses and deficits are recognised in the income statement. Deferred taxation is provided on these gains or losses at the rate expected to apply when the property is sold. The gains or losses are transferred to investment revaluation reserve to emphasise that such gains are not realised.

1.4
Financial instruments
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.

PD EBT INVESTMENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
1
Accounting policies
(Continued)
- 4 -
1.5
Derivatives

The Company uses a derivative financial instrument to manage its exposure to interest rate risk.

Derivatives are initially recognised at fair value at the date a derivative contract is entered into and are subsequently remeasured to their fair value at each balance sheet date. The fair value of the derivative instruments have been estimated using valuation techniques which use market and non-market inputs to estimate the expected discounted cashflows. The resulting gain or loss is recognised in the Income statement.

A derivative with a positive fair value is recognised as a financial asset whereas a derivative with a negative fair value is recognised as a financial liability.

1.6
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.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

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.

PD EBT INVESTMENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
- 5 -
3
Employees

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

2026
2025
Number
Number
Total
6
6
4
Taxation
2026
2025
£
£
Current tax
UK corporation tax on profits for the current period
89,930
51,777
5
Investment property
2026
£
Fair value
At 1 April 2025 and 31 March 2026
17,200,000

The investment property is stated at cost as the directors consider this the fair value of the property at 31 March 2026.

6
Financial instruments

Under interest rate swap-contracts, the Company agree d to exchange the difference between fixed and floating rate interest amounts calculated on agreed notional principal amounts. Such contracts enable d the Company to mitigate the exposure to unfavourable interest rate movements in relation to its floating rate borrowings. These agreements have now ended.

During the year ended 31 March 2025, an interest rate swap contract matured and the fair value of £241,711 was charged to the profit and loss account.

The interest rate swap s are settle d on a quarterly basis. The floating rate on the interest rate swaps is three months using SONIA rates. The Company settles the difference between the fixed and floating interest rate on a net basis.

7
Debtors
2026
2025
Amounts falling due within one year:
£
£
Amounts owed by group undertakings
155,860
155,860
Other debtors
70,936
23,611
226,796
179,471
PD EBT INVESTMENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
- 6 -
8
Creditors: amounts falling due within one year
2026
2025
£
£
Bank loans
157,895
157,895
Trade creditors
-
0
114
Corporation tax
89,930
51,777
Other taxation and social security
74,058
69,935
Other creditors
203,193
216,796
525,076
496,517
9
Creditors: amounts falling due after more than one year
2026
2025
£
£
Bank loans and overdrafts
5,419,737
5,577,632
10
Loans and overdrafts
2026
2025
£
£
Bank loans
5,577,632
5,735,527
Payable within one year
157,895
157,895
Payable after one year
5,419,737
5,577,632

The bank loan is secured against a first legal mortgage over the investment property.

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