For the financial year ended 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit of its financial statements for the year in question 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.

These 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, all of the members of the company have consented to the preparation of abridged financial statements pursuant to paragraph 1A of Schedule 1 to the Small Companies and Groups (Accounts and Directors’ Report) Regulations (SI 2008/409)(b).

The directors of the company have elected not to include a copy of the income statement within the financial statements.true

P&F Management Limited is a private company limited by shares incorporated in England and Wales. The registered office is Clearview House, Unit 24 Bamel Way, Gloucester Business Park, Gloucester, Gloucestershire, England, GL3 4BH.

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

The company relies on the directors for working capital. The directors have considered the needs of the company for a period of twelve months from the date of approval of these financial statements. true

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

Save for rental income, revenue is recognised at the point of invoicing. Rental income is recognised in the period to which it relates.

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

The tax expense represents the sum of the tax currently payable.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

The average monthly number of persons (including directors) employed by the company during the year was:

In the view of the directors, there has been no change to the fair value of either the property purchased in an earlier period or the property purchased during the year between their respective dates of acquisition and 31 December 2025.

F K Cairns Palmer

Director and shareholder

During an earlier period, Mr Cairns-Palmer loaned the company money for working capital. The amount due to the related party at the balance sheet date was £397,450 (2024: £397,450). The amount is unsecured, interest-free and repayable on demand.

P N Glanville

Director and shareholder

During an earlier period, Mr Glanville loaned the company money for working capital. The amount due to the related party at the balance sheet date was £397,450 (2024: £397,450). The amount is unsecured, interest-free and repayable on demand.

Clear Vision Business Solutions Limited

A company in which P N Glanville is a director and shareholder

During the period the company provided management services to the related party on an arms length basis to the value of £3,900 (2024: £nil). The amount due to the related party at the balance sheet date was £1,440 (2024: £nil).

FKCP Consulting Limited

A company in which F K Cairns Palmer is a director and shareholder

During the period the related party provided management services to the company on an arms length basis to the value of £30,000 (2024: £nil).

P&J Management Limited

A company in which P N Glanville is a director and shareholder

During the period the related party provided management services to the company on an arms length basis to the value of £30,000 (2024: £nil).