REGISTERED NUMBER: 05355206 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 5 APRIL 2026

FOR

PATHBRAE VENTURES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S M Smith

Mrs K L Smith

SECRETARY:

Mrs K L Smith

REGISTERED OFFICE:

Mayfield

22a Fieldgate Lane

Kenilworth

Warwickshire

CV8 1BT

REGISTERED NUMBER:

05355206 (England and Wales)

ACCOUNTANTS:

Bernard Rogers & Co

Bank Gallery

High Street

Kenilworth

Warwickshire

CV8 1LY

FIXED ASSETS

Tangible assets

4

399

433

CURRENT ASSETS

Debtors

5

3,817

1,702

Investments

6

348,501

372,883

Cash at bank

10,021

7,107

362,339

381,692

CREDITORS

Amounts falling due within one year

7

1,050

1,351

NET CURRENT ASSETS

361,289

380,341

TOTAL ASSETS LESS CURRENT LIABILITIES

361,688

380,774

PROVISIONS FOR LIABILITIES

-

2,275

NET ASSETS

361,688

378,499

CAPITAL AND RESERVES

Called up share capital

2

2

Fair value reserve

8

(14,709

)

9,701

Retained earnings

376,395

368,796

SHAREHOLDERS' FUNDS

361,688

378,499

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5 April 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 5 April 2026 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 13 August 2026 and were signed on its behalf by:

S M Smith - Director

1.	STATUTORY INFORMATION

Pathbrae Ventures 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.

Tangible fixed assets

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

Computer equipment

-

33% on cost and 25% on cost

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2025 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 6 April 2025

2,849

Additions

599

Disposals

(167

)

At 5 April 2026

3,281

DEPRECIATION

At 6 April 2025

2,416

Charge for year

633

Eliminated on disposal

(167

)

At 5 April 2026

2,882

NET BOOK VALUE

At 5 April 2026

399

At 5 April 2025

433

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Other debtors

3,817

1,702

6.	CURRENT ASSET INVESTMENTS

2026

2025

£

£

Listed investments

307,960

278,705

Unlisted investments

40,238

94,178

Cash

303

-

348,501

372,883

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Hire purchase contracts

-

379

Other creditors

1,050

972

1,050

1,351

8.

RESERVES

Fair

value

reserve

£

At 6 April 2025

9,701

Revaluation of Investments

(30,136

)

Deferred tax on fair value

5,726

At 5 April 2026

(14,709

)

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 5 April 2026 and 5 April 2025:

2026

2025

£

£

S M Smith and Mrs K L Smith

Balance outstanding at start of year

-

-

Amounts advanced

152

-

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

152

-

10.	ULTIMATE CONTROLLING PARTY

The controlling party is the directors.