REGISTERED NUMBER: 02802507 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

P I R LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Ms C J Dicken

Mrs S E Hope

Mr T C Bradley

Ms M S H Coleman

Mr S R Penney

REGISTERED OFFICE:

Cambridge House

16 High Street

Saffron Walden

Essex

CB10 1AX

REGISTERED NUMBER:

02802507 (England and Wales)

ACCOUNTANTS:

Tayler Bradshaw

Cambridge House

16 High Street

Saffron Walden

Essex

CB10 1AX

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

14,684

19,516

14,684

19,516

CURRENT ASSETS

Debtors

6

861,004

849,914

Cash at bank

7

56,507

144,331

917,511

994,245

CREDITORS

Amounts falling due within one year

8

305,736

331,666

NET CURRENT ASSETS

611,775

662,579

TOTAL ASSETS LESS CURRENT LIABILITIES

626,459

682,095

CREDITORS

Amounts falling due after more than one year

9

(45,139

)

(91,612

)

PROVISIONS FOR LIABILITIES

11

(3,672

)

(4,879

)

NET ASSETS

577,648

585,604

CAPITAL AND RESERVES

Called up share capital

12

1,156

1,156

Share premium

10,343

10,343

Retained earnings

566,149

574,105

SHAREHOLDERS' FUNDS

577,648

585,604

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2025 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 September 2026 and were signed on its behalf by:

Mrs S E Hope - Director

1.	STATUTORY INFORMATION

P I R 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

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The financial statements are rounded to the nearest pound.

The following principal accounting policies have been applied:

Going concern

The Directors have considered the cash flow requirements of the Company and based upon this they expect to be able to meet the ongoing requirements of the Company. Accordingly the financial statements have been prepared on a going concern basis.

Preparation of consolidated financial statements

The financial statements contain information about P I R Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover comprises revenue recognised by the company in respect of management and permanent recruitment services provided during the year.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets

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

Plant and machinery etc

-

25% on reducing balance and at varying rates on cost

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the Balance Sheet date, except that:

- The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and

- Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Foreign currencies

The Company's functional and presentational currency is GBP.

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Nonmonetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in the Statement of Income and Retained Earnings except when deferred in other comprehensive income as qualifying cash flow hedges.

Debtors

Short term debtors are measured at transaction price, less any impairment.

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Share based payments

Where share options are awarded to employees, the fair value of the options at the date of grant is charged to the Statement of Income and Retained Earnings over the vesting period. Non-market vesting conditions are taken into account by adjusting the number of equity instruments expected to vest at each Balance Sheet date so that, ultimately, the cumulative amount recognised over the vesting period is based on the number of options that eventually vest. Market vesting conditions are factored into the fair value of the options granted. The cumulative expense is not adjusted for failure to achieve a market vesting condition.

The fair value of the award also takes into account non-vesting conditions. These are either factors beyond the control of either party (such as a target based on an index) or factors which are within the control of one or other of the parties (such as the Company keeping the scheme open or the employee maintaining any contributions required by the scheme).

Where the terms and conditions of options are modified before they vest, the increase in the fair value of the options, measured immediately before and after the modification, is also charged to Statement of Income and Retained Earnings over the remaining vesting period.

Where equity instruments are granted to persons other than employees, the Statement of Income and Retained Earnings is charged with fair value of goods and services received.

Operating leases: The Company as lessee

Rentals paid under operating leases are charged to the Statement of Income and Retained Earnings on a straight line basis over the lease term.

The Company has taken advantage of the optional exemption available on transition to FRS 102 which allows lease incentives on leases entered into before the date of transition to the standard 01 November 2017 to continue to be charged over the period to the first market rent review rather than the term of the lease.

Interest income

Interest income is recognised in the Statement of Income and Retained Earnings using the effective interest method.

Provisions for liabilities

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.

Provisions are charged as an expense to the Statement of Income and Retained Earnings in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the Balance Sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.

When payments are eventually made, they are charged to the provision carried in the Balance Sheet.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2024 - 7 ) .

4.	INTANGIBLE FIXED ASSETS

Computer

software

£

COST

At 1 January 2025

and 31 December 2025

10,854

AMORTISATION

At 1 January 2025

and 31 December 2025

10,854

NET BOOK VALUE

At 31 December 2025

-

At 31 December 2024

-

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 January 2025

3,217

72,954

76,171

Additions

-

1,339

1,339

Disposals

(1,356

)

-

(1,356

)

At 31 December 2025

1,861

74,293

76,154

DEPRECIATION

At 1 January 2025

1,590

55,065

56,655

Charge for year

347

5,736

6,083

Eliminated on disposal

(1,268

)

-

(1,268

)

At 31 December 2025

669

60,801

61,470

NET BOOK VALUE

At 31 December 2025

1,192

13,492

14,684

At 31 December 2024

1,627

17,889

19,516

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/25

31/12/24

£

£

Trade debtors

16,560

43,568

Amounts owed by group undertakings

820,287

762,879

Other debtors

24,157

43,467

861,004

849,914

7.	CASH AT BANK

31/12/25

31/12/24

£

£

Bank account no. 1

10,033

10,096

Bank account no. 2

55

47

Bank account no. 3

37

25,154

Bank account no. 4

46,382

109,034

56,507

144,331

31/10/20

31/10/19

£

£

Cash at bank and in hand

727,374

470,841

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/25

31/12/24

£

£

Bank loans and overdrafts

46,076

51,667

Trade creditors

20,124

33,910

Taxation and social security

184,514

177,742

Other creditors

55,022

68,347

305,736

331,666

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31/12/25

31/12/24

£

£

Bank loans

45,139

91,612

10.	FINANCIAL INSTRUMENTS

31/10/20

31/10/19

£

£

FINANCIAL ASSETS

Financial assets measured at fair value through profit or loss

727,374

470,841

Financial assets measured at fair value through profit or loss comprise cash at bank and in hand.

11.	PROVISIONS FOR LIABILITIES

31/12/25

31/12/24

£

£

Deferred tax

3,672

4,879

Deferred

tax

£

Balance at 1 January 2025

4,879

Deferred tax movement

(1,207

)

Balance at 31 December 2025

3,672

12.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31/12/25

31/12/24

value:

£

£

1,155,536

Ordinary

0.1p

1,156

1,156

13.	RELATED PARTY DISCLOSURES

During the year the company had a loan account with Mrs C J Dicken, a director of the company.

The amount due to her at the year end was £38,409 (2024: £41,144).

As at yearend, the company was owed £820,287 (2024: £762,879) by PIR International Group Ltd, the holding company.

14.	ULTIMATE CONTROLLING PARTY

The company is under the ultimate control of PIR International Group Limited by virtue of their majority shareholding.