REGISTERED NUMBER: 03893392 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 September 2025

for

P & M Properties (UK) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr M R Goldberger

Mr P A Goldberger

Mrs I Goldberger

Mrs H P Goldberger

SECRETARY:

Mr P A Goldberger

REGISTERED OFFICE:

5 North End Road

London

NW11 7RJ

REGISTERED NUMBER:

03893392 (England and Wales)

ACCOUNTANTS:

London Accounting Group Ltd

FIXED ASSETS

Investments

4

-

-

Investment property

5

19,537,258

20,387,675

19,537,258

20,387,675

CURRENT ASSETS

Debtors

6

551,422

357,524

Cash at bank and in hand

1,868,838

1,232,781

2,420,260

1,590,305

CREDITORS

Amounts falling due within one year

7

8,073,211

7,691,039

NET CURRENT LIABILITIES

(5,652,951

)

(6,100,734

)

TOTAL ASSETS LESS CURRENT LIABILITIES

13,884,307

14,286,941

PROVISIONS FOR LIABILITIES

8

242,242

285,367

NET ASSETS

13,642,065

14,001,574

CAPITAL AND RESERVES

Called up share capital

9

2

2

Non distributable reserves

756,864

701,160

Retained earnings

12,885,199

13,300,412

SHAREHOLDERS' FUNDS

13,642,065

14,001,574

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 September 2026 and were signed on its behalf by:

Mr M R Goldberger - Director

1.	STATUTORY INFORMATION

P & M Properties (UK) 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 by the revaluation of certain assets.

Turnover

Turnover represents net rental income and service charges receivable..

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 4 (2024 - 4 ) .

4.	FIXED ASSET INVESTMENTS

Interest in

joint

venture

£

COST

At 1 October 2024

and 30 September 2025

25

PROVISIONS

At 1 October 2024

and 30 September 2025

25

NET BOOK VALUE

At 30 September 2025

-

At 30 September 2024

-

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 October 2024

20,387,675

Additions

334,898

Disposals

(1,172,736

)

Revaluations

(12,579

)

At 30 September 2025

19,537,258

NET BOOK VALUE

At 30 September 2025

19,537,258

At 30 September 2024

20,387,675

Fair value at 30 September 2025 is represented by:

£

Valuation in 2016

3,315,804

Valuation in 2017

211,997

Valuation in 2018

1,517,020

Valuation in 2019

(373,078

)

Valuation in 2020

(1,337,940

)

Valuation in 2021

256,283

Valuation in 2022

(2,898,975

)

Valuation in 2023

(613,693

)

Valuation in 2024

909,110

Valuation in 2025

(12,579

)

Cost

18,563,309

19,537,258

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.25

30.9.24

£

£

Amounts owed by participating interests

53,174

103,174

Other debtors

498,248

254,350

551,422

357,524

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.25

30.9.24

£

£

Bank loans and overdrafts

5,500,000

5,290,898

Trade creditors

(2,403

)

17,620

Amounts owed to participating interests

1,911,020

1,911,020

Taxation and social security

88,751

35,918

Other creditors

575,843

435,583

8,073,211

7,691,039

8.	PROVISIONS FOR LIABILITIES

30.9.25

30.9.24

£

£

Deferred tax

242,242

285,367

Deferred tax

£

Balance at 1 October 2024

285,367

Provided during year

(43,125

)

Balance at 30 September 2025

242,242

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.9.25

30.9.24

value:

£

£

2

Ordinary Share

1

2

2

10.	RELATED PARTY DISCLOSURES

P & M Properties (UK) Limited and Castlemarsh Limited are two companies under common control.

At the year end the amount owed to Castlemarsh Limited was £1,911,020 (2024:£1,911,020).

11.	ULTIMATE CONTROLLING PARTY

The controlling parties of the company are Mr P A Goldberger, Mrs H P Goldberger, Mr M R Goldberger and Mrs I Goldberger each of whom own 25% of the issued share capital of the company.

12.	PARTICULARS OF PRINCIPAL JOINT VENTURES.

The joint ventures are managed jointly through management boards on which the other joint venture partners are represented in accordance with ultimate interests held in the joint venture:

Name of joint venture

Address of principal

Interest in

place of business

joint capital

Mewspark Properties

1st Floor

50.00%

Limited

9 White Lion Street

London N1 9PD

Gardenia Properties Limited

1st Floor

33.33%

9 White Lion Street

London N1 9PD

Shorts Gardens LLP

1st Floor

25.00%

9 White Lion Street

London N1 9PD