Company No: 08864085 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2026		2025
		£		£
Fixed assets
Tangible assets	3	43,018		73,238
Investment property	4	448,397		751,898
		491,415		825,136
Current assets
Stocks		650,000		3,202,003
Debtors
- due within one year	5	130,730		514,443
- due after more than one year	5	381,895		0
Cash at bank and in hand		57,024		8,151
		1,219,649		3,724,597
Creditors: amounts falling due within one year	6	( 1,595,380)		( 2,026,607)
Net current (liabilities)/assets		(375,731)		1,697,990
Total assets less current liabilities		115,684		2,523,126
Creditors: amounts falling due after more than one year	7	( 247,295)		( 2,330,518)
Provision for liabilities		( 36,183)		( 6,577)
Net (liabilities)/assets		( 167,794)		186,031
Capital and reserves
Called-up share capital	8	70		70
Revaluation reserve		0		144,223
Capital redemption reserve		30		30
Profit and loss account		( 167,894 )		41,708
Total shareholder's (deficit)/funds		( 167,794)		186,031

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

Directors' responsibilities:

• The member has 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 PVM Property Limited (registered number: 08864085) were approved and authorised for issue by the Board of Directors on 02 October 2026. They were signed on its behalf by:

M A Lovegrove Director

1. Accounting policies

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

General information and basis of accounting

PVM Property 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 C/O Fluid Branding - Unit 31, Esam Carluddon Technology Park, Carluddon, St. Austell, PL26 8WE, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and 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 Balance Sheet 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.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Revenue from services is recognised as they are delivered.

Construction contracts

Turnover and costs from contracts are recognised based on the stage of completion.
If it is probable that total contract costs will exceed total contract revenue, the expected loss is recognised as an expense immediately.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line basis over its expected useful life, as follows:

Vehicles	4 years straight line
Fixtures and fittings	5 - 15 years straight line
Other property, plant and equipment	20 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

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 Balance Sheet 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.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Fair value measurement
The best evidence of fair value is a quoted price for an identical asset in an active market. When quoted prices are unavailable, the price of a recent transaction for an identical asset provides evidence of fair value as long as there has not been a significant change in economic circumstances or a significant lapse of time since the transaction took place. If the market is not active and recent transactions of an identical asset on their own are not a good estimate of fair value, the fair value is estimated by using a valuation technique.

Loans and borrowings
Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a financing transaction it is measured at X.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

	2026		2025
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	1		1

3. Tangible assets

	Vehicles		Fixtures and fittings		Other property, plant and equipment		Total
	£		£		£		£
Cost
At 01 February 2025	2,335		123,086		19,800		145,221
Disposals	0		( 63,049)		( 19,800)		( 82,849)
At 31 January 2026	2,335		60,037		0		62,372
Accumulated depreciation
At 01 February 2025	1,752		59,340		10,891		71,983
Charge for the financial year	583		6,014		495		7,092
Disposals	0		( 48,335)		( 11,386)		( 59,721)
At 31 January 2026	2,335		17,019		0		19,354
Net book value
At 31 January 2026	0		43,018		0		43,018
At 31 January 2025	583		63,746		8,909		73,238

4. Investment property

	Investment property
	£
Valuation
As at 01 February 2025	751,898
Disposals	(303,501)
As at 31 January 2026	448,397

Valuation

The property valuations were confirmed by the directors to be true and fair as at 31 January 2026.

5. Debtors

	2026		2025
	£		£
Debtors: amounts falling due within one year
Trade debtors	0		35,086
Amounts owed by connected companies	1,211		0
Other debtors	129,519		479,357
	130,730		514,443
Debtors: amounts falling due after more than one year
Other debtors	381,895		0

The directors loan account has been converted into a long term loan on 31/12/2025.

6. Creditors: amounts falling due within one year

	2026		2025
	£		£
Bank loans	10,100		21,000
Trade creditors	193		28,902
Taxation and social security	9,918		115,966
Other creditors	1,575,169		1,860,739
	1,595,380		2,026,607

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

	2026		2025
	£		£
Bank loans	247,295		2,205,718
Other creditors	0		124,800
	247,295		2,330,518

The bank borrowings are interest bearing and secured against the assets of the company.

8. Called-up share capital

	2026		2025
	£		£
Allotted, called-up and fully-paid
60 Ordinary A shares of £ 1.00 each	60		60
10 Ordinary B shares of £ 1.00 each	10		10
	70		70

9. Related party transactions

Transactions with the entity's directors

	2026		2025
	£		£
	381,895		341,980

Transactions with directors
At the year end there is an amount of £381,895 (2025: £341,980) due to the Company.

Other related party transactions

During the year, £1,560,715 (2025: £1,820,375) related to amounts owed to related companies.