Company No: 16416010 (England and Wales)

Contents

• Statement of Financial Position
• Notes to the Financial Statements

	Note	2026
		£
Fixed assets
Investments	3	767,694
		767,694
Current assets
Debtors	4	1,486
Cash at bank and in hand	5	7,306
		8,792
Creditors: amounts falling due within one year	6	( 105,177)
Net current liabilities		(96,385)
Total assets less current liabilities		671,309
Creditors: amounts falling due after more than one year	7	( 650,000)
Net assets		21,309
Capital and reserves
Called-up share capital	8	100
Profit and loss account		21,209
Total shareholders' funds		21,309

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

Directors' responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial year 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; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of PL MBO Limited (registered number: 16416010) were approved and authorised for issue by the Board of Directors on 18 September 2026. They were signed on its behalf by:

Clare Elizabeth Hudson Director

Dominic Robert Smith Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year, unless otherwise stated.

General information and basis of accounting

PL MBO Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Patterson Law, Wharf Road, Newton Abbot, TQ12 2DA, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Reporting period length

The reporting period length was shortened for the current period. The current period is from 29 April 2025 to 31 March 2026, a period of approximately 11 months.

Dividend income

Dividend income from investments is recognised when the shareholders' rights to receive payment have been established (provided that it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably).

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Fixed asset investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Statement of Financial Position when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

2. Employees

	2026
	Number
Monthly average number of persons employed by the Company during the year, including directors	3

3. Fixed asset investments

	Other investments		Total
	£		£
Cost or valuation before impairment
At 01 April 2025	0		0
Additions	767,964		767,964
At 31 March 2026	767,964		767,964
Carrying value at 31 March 2026	0		0

4. Debtors

	2026
	£
Amounts owed by directors	1,466
Other debtors	20
	1,486

5. Cash and cash equivalents

	2026
	£
Cash at bank and in hand	7,306

6. Creditors: amounts falling due within one year

	2026
	£
Accruals	3,696
Other creditors	101,481
	105,177

7. Creditors: amounts falling due after more than one year

	2026
	£
Amounts owed to directors	150,000
Other creditors	500,000
	650,000

There are no amounts included above in respect of which any security has been given by the small entity.

8. Called-up share capital

	2026
	£
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each	100

9. Related party transactions

Transactions with the entity's directors

	2026
	£
Amounts owed to the directors	148,534
Amounts owed to related party company	1,481