ACCOUNTS - Final Accounts preparation

Analysis of the maturity of loans is given below:

Registered number: NI698342

PB Belfast Limited

Unaudited

Financial statements

Information for filing with the registrar

For the Year Ended 30 June 2026

PB Belfast Limited

Registered number: NI698342

Balance Sheet

As at 30 June 2026

		2026		2025
Note		£		£

Fixed assets
Tangible assets	4		11,901		16,534
			11,901		16,534
Current assets
Debtors: amounts falling due within one year	5	682,845		786,903
Cash at bank and in hand	6	163,069		170,240
		845,914		957,143
Creditors: amounts falling due within one year	7	(136,161)		(349,347)
Net current assets			709,753		607,796
Total assets less current liabilities			721,654		624,330
Creditors: amounts falling due after more than one year	8		(562,898)		(562,898)
Provisions for liabilities
Deferred tax	10	(2,976)		(4,134)
			(2,976)		(4,134)
Net assets			155,780		57,298

Capital and reserves
Called up share capital	1	1
Profit and loss account	155,779	57,297
	155,780	57,298

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PB Belfast Limited

Registered number: NI698342

Balance Sheet (continued)

As at 30 June 2026

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 on 28 September 2026.

Ryan James Cooke

Director

The notes on pages 3 to 8 form part of these financial statements.

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PB Belfast Limited

Notes to the Financial Statements

For the Year Ended 30 June 2026

1.	General information

PB Belfast Limited is a private company limited by shares incorporated in Northern Ireland within the United Kingdom. The registration number and address of the registered office are given in the company information section of these financial statements.

The presentation currency is that of sterling.

2.Accounting policies

2.1

Basis of preparation of financial statements

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 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:

2.2

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

2.3

Revenue

Revenue shown in the Profit and Loss Account represents amounts receivable from PB Belfast Limited immediate parent company, Paget-Brown Financial Services Limited, during the period for the provision of support services, exclusive of VAT.

Revenue in respect of the provision of support services to Paget-Brown Financial Services Limited is calculated as attributable cost plus a mark up, in accordance with an intercompany agreement between PB Belfast Limited and Paget-Brown Financial Services Limited.

2.4

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

2.5

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

Page 3

PB Belfast Limited

Notes to the Financial Statements

For the Year Ended 30 June 2026

2.Accounting policies (continued)

2.6

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. 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.

2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Computer equipment

Straight line over three years

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Page 4

PB Belfast Limited

Notes to the Financial Statements

For the Year Ended 30 June 2026

2.Accounting policies (continued)

2.9

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.10

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Employees

The average monthly number of employees, including directors, during the period was 12 (2025 - 5)

4.	Tangible assets

		Computer equipment
		£
	Cost or valuation
	At 1 July 2025	20,499
	Additions	2,230
	At 30 June 2026	22,729
	Depreciation
	At 1 July 2025	3,965
	Charge for the year on owned assets	6,863
	At 30 June 2026	10,828
	Net book value
	At 30 June 2026	11,901
	At 30 June 2025	16,534

Page 5

PB Belfast Limited

Notes to the Financial Statements

For the Year Ended 30 June 2026

Debtors

					2026	2025
					£	£


Trade debtors	644,955	760,571
Other debtors	-	13,228
Prepayments and accrued income	31,607	13,104
Tax recoverable	6,283	-
	682,845	786,903

6.	Cash at bank and in hand
		2026	2025
		£	£

Cash at bank and in hand	163,069	170,240
	163,069	170,240

7.	Creditors: Amounts falling due within one year
		2026	2025
		£	£

Trade creditors	771	10,770
Amounts owed to group undertakings	2,989	268,813
Corporation tax	34,194	13,291
Other creditors	1,964	-
Accruals and deferred income	96,243	56,473
	136,161	349,347

8.	Creditors: Amounts falling due after more than one year
		2026	2025
		£	£

Other loans	562,898	562,898
	562,898	562,898

Page 6

PB Belfast Limited

Notes to the Financial Statements

For the Year Ended 30 June 2026


Amounts falling due 1-2 years
Other loans	562,898	562,898


	562,898	562,898

10.	Deferred taxation

		2026
		£

	At beginning of year	(4,134)
	Charged to profit or loss	1,158
	At end of year	(2,976)

The deferred tax balance is made up as follows:
	2026	2025
	£	£

Accelerated capital allowances	(4,134)	(4,134)
Movement in year	1,158	-
	(2,976)	(4,134)

Comprising:
Liability	(2,976)	(4,134)
	(2,976)	(4,134)

Page 7

PB Belfast Limited

Notes to the Financial Statements

For the Year Ended 30 June 2026

11.	Share capital
		2026	2025
		£	£

Allotted, called up and fully paid

1 (2025 - 1) Ordinary shares share of £1.00	1	1

12.	Controlling party

The ultimate parent company is Paget-Brown Financial Services Limited, a company incorporated in the Cayman Islands.

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