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Registered number: 14181772
PCP IV FINCO LIMITED
Financial statements
Information for filing with the registrar
For the year ended 31 December 2025
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PCP IV FINCO LIMITED
Registered number: 14181772
Balance sheet
As at 31 December 2025
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Creditors: amounts falling due within one year
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Total assets less current liabilities
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Creditors: amounts falling due after more than one year
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The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.
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.
The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.
The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.
The financial statements were approved and authorised for issue by the board and were signed on its behalf by:
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D M McCann
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The notes on pages 3 to 6 form part of these financial statements.
Page 1
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PCP IV FINCO LIMITED
Statement of changes in equity
For the year ended 31 December 2025
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The notes on pages 3 to 6 form part of these financial statements.
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Page 2
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PCP IV FINCO LIMITED
Notes to the financial statements
For the year ended 31 December 2025
PCP IV Finco Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 14181772 and the registered office address is 9th Floor, Ship Canal House, 98 King Street, Manchester, M2 4WU.
2.Accounting policies
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Basis of preparation of financial statements
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The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the requirements and the Companies Act 2006. 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 following principal accounting policies have been applied:
At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.
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Significant judgements and estimates
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There are currently no significant judgements and estimates applied by the directors which are considered key to the preparation of the financial statements.
The company enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties and loans to related parties.
Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the income statement.
Basic financial liabilities are initially measured at transaction price and subsequently measured at amortised cost, being the transaction price less any amounts settled.
Page 3
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PCP IV FINCO LIMITED
Notes to the financial statements
For the year ended 31 December 2025
2.Accounting policies (continued)
Tax is recognised in profit or loss 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 income 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.
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Interest receivable and similar income
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Interest income comprises interest on loan advances receivable.
Interest income is recognised on an effective interest rate method basis.
The effective interest method is used to calculate the amortised cost of financial instruments and to recognise interest receivable over the relevant period. The effective interest rate is the rate that exactly discounts estimated future cash payments or receipts through the expected life of the financial instrument or, when appropriate, a shorter period, to the carrying amount of the financial asset at initial recognition.
On 23 December 2025, the company entered into an interest rate cap arrangement with Lloyds Bank Corporate Markets Plc. The cap has a notional value of £29,132,813 and a strike rate of 5%, with a maturity date of 18 December 2028. This derivative financial instrument is measured at fair value through profit and loss. As at 31 December 2025, the fair value of the instrument was £32,096.
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The average monthly number of employees, including directors, during the year was 0 (2024 - 0).
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Page 4
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PCP IV FINCO LIMITED
Notes to the financial statements
For the year ended 31 December 2025
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Due after more than one year
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Derivative financial instrument
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Creditors: Amounts falling due within one year
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Accruals and deferred income
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On 17 December 2025, the company entered into a refinancing whereby its previous bank loan provided by HSBC Bank UK Plc was replaced by a new £35,312,500 facility with Leumi UK Group Limited, which matures on 17 December 2028.
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Page 5
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PCP IV FINCO LIMITED
Notes to the financial statements
For the year ended 31 December 2025
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Creditors: Amounts falling due after more than one year
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On 17 December 2025, the company entered into a refinancing whereby its previous bank loan provided by HSBC Bank UK Plc was replaced by a new £35,312,500 facility with Leumi UK Group Limited, which matures on 17 December 2028.
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The following liabilities were secured:
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Details of security provided:
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The bank loan provided by Leumi UK Group Limited is secured by way of a fixed and floating charge over the assets of the company and the assets of six related companies which own investment property and have guaranteed the facility.
Page 6
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